riverripper wrote:
pelihu wrote:
With the crappy economy, everyone is starting at the 1st year associate level. When banking is booming and recruiting is hot and heavy, I have heard of people with relevant related experience (for example in PE or as a lawyer) being credited for prior experience and brought in at more senior levels; that's definitely not going to happen for people graduating this year.
What about people that were former IB who were already associates or VPs before going to school?
The total cost (including forgone salary) of a full-time MBA program if you've made it to the VP level is generally between $1.0-1.5M.
The only way that I could see this happening is if someone was at a regional/lower-tier firm (which is a very difficult mold to break out of) and was looking to get into a bulge bracket. In this case, I would assume that the BB would not credit their experience.
I think these guys tend to pursue Part-Time programs or Executive MBAs once they have been direct promoted to associate (if they bother with an MBA at all). That is, unless they're looking to get out of banking altogether, which would make the question a moot point.
Peli should be able to shed some light on this as well.
I'm also curious river - do you have any ex-BB associates or VPs in your class at Kellogg?