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redalertmba
Joined: 31 Jul 2015
Last visit: 17 Nov 2018
Posts: 55
Own Kudos:
Given Kudos: 12
Location: Korea, Republic of
Schools: Ross '20 (WA) Kellogg '20 (D)
GMAT 1: 730 Q48 V42
GRE 1: Q165 V166
12 Dec 2016, 06:13
Kudos
Bookmarks
...but decided not to take it because I thought an INSEAD MBA could not guarantee me anything in terms of getting into consulting/banking. I decided to take an econ masters at a good school...
but I never prepared to get into an econ phd in the first place...so i don't know whether this was a stupid decision. Should I have gone for the MBA instead? How good is INSEAD anyway in the global market? And even though some PhD programs are giving me fee waivers for the application, I highly doubt that without a stellar profile, I'd get into a top program. Should I go ahead with an MBA? The cost is immense and I might literally commit suicide if I can't consulting/banking...
The reason I was unable to make it into consulting/banking initially was because my GPA was horrible...which was owed to some very personal struggles...
Profile :
Undergrad : some ivy league, economics + philosophy
Grad : UK, top 3-5 ranked economics MSc
Work Experience : Central banking and some research; good reviews
GRE : 166V/165Q/5.5AW
GMAT : 710
but I never prepared to get into an econ phd in the first place...so i don't know whether this was a stupid decision. Should I have gone for the MBA instead? How good is INSEAD anyway in the global market? And even though some PhD programs are giving me fee waivers for the application, I highly doubt that without a stellar profile, I'd get into a top program. Should I go ahead with an MBA? The cost is immense and I might literally commit suicide if I can't consulting/banking...
The reason I was unable to make it into consulting/banking initially was because my GPA was horrible...which was owed to some very personal struggles...
Profile :
Undergrad : some ivy league, economics + philosophy
Grad : UK, top 3-5 ranked economics MSc
Work Experience : Central banking and some research; good reviews
GRE : 166V/165Q/5.5AW
GMAT : 710
14 Dec 2016, 06:20
Kudos
Bookmarks
Most economics grads go through this dilemma. Pretty normal!
Crux is to decide whether you'd want to be a generalist or a specialist in the long run. I have seen hundreds of careers flourish and flounder; and my recommendation would be to go the Specialist way. This is way more secure and rewarding in the long run.
PhD would also let you avoid the MBA Tuition fee, with Stipend a very welcome bonus. It also gives you a cushion to switch back to academics, if you aren't impressed with the corporate tryst. PhD economics would also open doors at several international organizations. However, as you have rightly pointed out, getting the PhD from a Top 5 Univ is a must. Look at the US universities. With a PhD from say, https://www.hks.harvard.edu/degrees/phd/peg the options would be as wide as Mckinsey to World Bank.
Crux is to decide whether you'd want to be a generalist or a specialist in the long run. I have seen hundreds of careers flourish and flounder; and my recommendation would be to go the Specialist way. This is way more secure and rewarding in the long run.
PhD would also let you avoid the MBA Tuition fee, with Stipend a very welcome bonus. It also gives you a cushion to switch back to academics, if you aren't impressed with the corporate tryst. PhD economics would also open doors at several international organizations. However, as you have rightly pointed out, getting the PhD from a Top 5 Univ is a must. Look at the US universities. With a PhD from say, https://www.hks.harvard.edu/degrees/phd/peg the options would be as wide as Mckinsey to World Bank.
