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Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
24 Oct 2019, 22:13
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I'm a corporate development manager in the Chicago area for a mid-market wealth management firm. I'm a CPA who started my career in public accounting as an auditor, briefly moved to corporate accounting with an F200, and then transitioned to transaction advisory with another public accounting firm before moving to my current role.
My masters and bachelors are both in accounting. I'm about 6 years into my career and make $130k in total (base + bonus). I'm 34. My company won't reimburse for tuition and I'm debating whether I should apply to Booth's weekend MBA program and pay OOP. I wouldn't need an MBA to progress with my current company. Progression here is somewhat limited. I just think it might make me more competitive when applying to senior level corporate development/strategy roles with other firms, especially when I'm competing with former iBankers who already have an MBA.
What are your thoughts on the ROI?
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⚠ This discussion has been closed due to inactivity. Please start a new topic in the Business School Applications Forum if you have a similar question or a comment.
Thank you,
GMAT Club Moderator Team.
My masters and bachelors are both in accounting. I'm about 6 years into my career and make $130k in total (base + bonus). I'm 34. My company won't reimburse for tuition and I'm debating whether I should apply to Booth's weekend MBA program and pay OOP. I wouldn't need an MBA to progress with my current company. Progression here is somewhat limited. I just think it might make me more competitive when applying to senior level corporate development/strategy roles with other firms, especially when I'm competing with former iBankers who already have an MBA.
What are your thoughts on the ROI?
Posted from my mobile device
⚠ This discussion has been closed due to inactivity. Please start a new topic in the Business School Applications Forum if you have a similar question or a comment.
Thank you,
GMAT Club Moderator Team.
25 Oct 2019, 08:42
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I'm in a similar situation. 25 years old, $120K TC, and would be paying mostly out of pocket, although my employer would be covering some.
The employment statistics for FT and PT are almost identical according to Booth data - median salary of $125K PT and $130K FT. I don't know what mid-career looks like comparing the two programs, but given it's so similar in terms of comp and companies immediately upon graduation, I feel like you have to assume it's similar mid-career until there's data that shows otherwise.
If we assume the median sign-on is $25K and median bonus is 15%, I'd be looking at somewhere between a 5-7 year payback period depending on career progression.
Is that reasonable? I think so. Is it worth the loss of evenings or weekends for the next 2.5 years? That's a personal question.
The employment statistics for FT and PT are almost identical according to Booth data - median salary of $125K PT and $130K FT. I don't know what mid-career looks like comparing the two programs, but given it's so similar in terms of comp and companies immediately upon graduation, I feel like you have to assume it's similar mid-career until there's data that shows otherwise.
If we assume the median sign-on is $25K and median bonus is 15%, I'd be looking at somewhere between a 5-7 year payback period depending on career progression.
Is that reasonable? I think so. Is it worth the loss of evenings or weekends for the next 2.5 years? That's a personal question.
10 Jul 2023, 09:36
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⚠ This discussion has been closed due to inactivity. Please start a new topic in the Business School Applications Forum if you have a similar question or a comment.
Thank you,
GMAT Club Moderator Team.
