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01 Jul 2013, 08:21
Kudos
Bookmarks
Hello,
I need some expert advise from fellow GMAT club members. I know this question has been asked many times but I am still in a dilemma as to whether to pursue full time mba at this stage. Below is my profile-
Nationality- indian
Work experience - 8 yrs in cpl of months
Academics - Good ( Engineering)
GMAT - will write in August.
I am currently working in a large investment bank in Hong Kong and have 4 yrs international experience. Though am working in IT space I have extensive experience in business. I am looking to move into equity research or portfolio management after mba. However my concern is whether an mba will help me switch to the career that I desire.
Pls advise. Thanks a lot and looking for your feedback.
I need some expert advise from fellow GMAT club members. I know this question has been asked many times but I am still in a dilemma as to whether to pursue full time mba at this stage. Below is my profile-
Nationality- indian
Work experience - 8 yrs in cpl of months
Academics - Good ( Engineering)
GMAT - will write in August.
I am currently working in a large investment bank in Hong Kong and have 4 yrs international experience. Though am working in IT space I have extensive experience in business. I am looking to move into equity research or portfolio management after mba. However my concern is whether an mba will help me switch to the career that I desire.
Pls advise. Thanks a lot and looking for your feedback.
01 Jul 2013, 14:04
Kudos
Bookmarks
Hi santas --
Based on the title of your post we thought you were going to ask about the cost of the MBA - or at least the opportunity cost of taking two years out of your career and foregoing salary for that time - or maybe an existential question about "Is the MBA worth it?" which seems to go around from time to time.
But, happily, it sounds like you're just wondering if you'll be able to pull off a big career switch through an MBA program. And the answer to that is pretty simple: Yes!!
It all depends on YOU of course - nobody gets an awesome new career without a lot of work, both in bschool itself and through networking and all the rest. But with that brief sketch you offered of your background, our guess is that some of the better MBA programs might be very interested in you - your international experience helps a lot, and if you've been at a well-regarded IB (almost regardless of position), then that helps too.
The transition to the two fields you named actually is one of the easier - investment management, for example, is one of the less competitive areas in finance. It's much easier to pull that off, even from an IT background, than it is to go into private equity or some other areas. We've had several clients in the past few years do exactly what you're describing; some of them are currently at Booth, another just finished at Wharton, etc.
The MBA is the ideal vehicle to make the type of jump you want to make. It's not easy, there's lots of hurdles along the way, but it's absolutely do-able.
Hope this helps - let us know if we can give more insights along the way.
EssaySnark
PS: You might try to accelerate your plans for the GMAT - if you don't test until August then you'll likely have to be starting essays at the same time as you're studying - this is not good. Try to get that out of the way in July if you can (provided that you're ready for it of course!).
Based on the title of your post we thought you were going to ask about the cost of the MBA - or at least the opportunity cost of taking two years out of your career and foregoing salary for that time - or maybe an existential question about "Is the MBA worth it?" which seems to go around from time to time.
But, happily, it sounds like you're just wondering if you'll be able to pull off a big career switch through an MBA program. And the answer to that is pretty simple: Yes!!
It all depends on YOU of course - nobody gets an awesome new career without a lot of work, both in bschool itself and through networking and all the rest. But with that brief sketch you offered of your background, our guess is that some of the better MBA programs might be very interested in you - your international experience helps a lot, and if you've been at a well-regarded IB (almost regardless of position), then that helps too.
The transition to the two fields you named actually is one of the easier - investment management, for example, is one of the less competitive areas in finance. It's much easier to pull that off, even from an IT background, than it is to go into private equity or some other areas. We've had several clients in the past few years do exactly what you're describing; some of them are currently at Booth, another just finished at Wharton, etc.
The MBA is the ideal vehicle to make the type of jump you want to make. It's not easy, there's lots of hurdles along the way, but it's absolutely do-able.
Hope this helps - let us know if we can give more insights along the way.
EssaySnark
PS: You might try to accelerate your plans for the GMAT - if you don't test until August then you'll likely have to be starting essays at the same time as you're studying - this is not good. Try to get that out of the way in July if you can (provided that you're ready for it of course!).
02 Jul 2013, 00:19
Kudos
Bookmarks
santas
Hey there dude,
it's a good question you ask, and there is no clear answer exactly. Will an MBA help you for sure move into PE?? I dunno.. really hard to say. There aren't that many PE jobs out there, and as you might guess, lots of them go to people with experience. But an MBA will for sure open up a world of new possibilities, in finance and otherwise, (and perhaps PE too) and it's hard to say at this point exactly what. But let's say that without an MBA your chances of moving are pretty darn low, and with an MBA you are opening a whole wide world of opportunity. If you decide to go for one, then the key would be landing that right internship and then being soooooooo amazing that they offer you a job after you graduate. That's probably the easiest path for you.
What do you think?
). It turns out that i need to put a lot of time in improving both the sections to cross the magic 700. 
) 
