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insead or ibd offer

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insead or ibd offer [#permalink] New post 26 Jun 2013, 06:07
So I recently got an offer at Insead and an investment banking analyst offer from a premier bank at HK, and I wanted to hear your perspectives.
Background: one of hyp, under
Working Experience: 1 yr. (yes 1 yr.) But has been working for ibds for all summers, except for my freshman summer when I worked on my fist venture. Built a team, raised capital and took semesters off to work on my venture after my freshman summer.
Gmat: 0.1%. 770.
Insead offer vs a top bracket ib analyst offer

So I worked as an ibd analyst at a European bank for 1 yr in hk, and unfortunately the company made structural adjustments so I left. I continued with my earlier venture, while applying for business school. Insead is the only school I applied to. Took me 5 months from leaving old company to receiving the offer. At the same, I got another analyst offer from another decent bank in hk. I am likely to sell my enterprise at the moment, so it isn’t an option.

Now is my choice. Idb analyst or insead.

I understanding continuing ibd and going for insead meant two different paths of lives – and two different possibilities with my life.
If I go with ibd offer, I will spend 2 more years in banking, then I will re-apply, likely get into hws, then return to buy side or top ib. It is a relatively boring, straight forward, but financially secure path that is well followed in finance industry. I can see myself in 5-10 years doing finance in Asia.
Disadvantage: I don’t know if I love finance at much.

If I go with Insead, I would have wider options after graduation, and a more exciting life in next year. I could apply for consulting, assets management positions in Europe or Middle East, instead of just in Asia. I may get to go with a life that I would otherwise never have imagined.

Disadvantage: tremendous uncertainty. Is it easy for an analyst with only 1 yr of pre-mba banking experience to secure any second year associate consultant position at a mbb? Is it easy to land a decent associate offer at another bank? I just don’t see that on employment report, and I don’t see myself competing favourably with more senior classmates with longer experience.

It is also financially difficult to accept. The earlier saving I had is almost depleted. I don’t want my family to bleed to death by a mba program.

I want to ask – not just insead alumnis, but anyone willing to share experience a post-mba experience to see how I should make my decisions.

Any insights appreciated.
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Re: insead or ibd offer [#permalink] New post 28 Jun 2013, 12:01
Dude get some more work experience. There is a reason why the average age of b-schools is 27 - it's the sweet spot.

You will get crunched as a HK IB analyst but in two more years you will be so much better placed for getting the most out of an MBA.

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Re: insead or ibd offer   [#permalink] 28 Jun 2013, 12:01
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