|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
24 Oct 2019, 22:13
Kudos
Bookmarks
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?
Posted from my mobile device
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
Archived Booth (Chicago) Discussion
Hi there,
You've stumbled upon an old discussion from our Booth (Chicago) Forum
that's now outdated and has been archived. No more replies are possible here.
Interested in current discussions? Feel free to dive into our dedicated Booth (Chicago) Forum
for all fresh things related to the Booth (Chicago) MBA program.
Thank you for understanding, and happy exploring!
25 Oct 2019, 08:42
Kudos
Bookmarks
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
Kudos
Bookmarks
Archived Booth (Chicago) Discussion
Hi there,
You've stumbled upon an old discussion from our Booth (Chicago) Forum
that's now outdated and has been archived. No more replies are possible here.
Interested in current discussions? Feel free to dive into our dedicated Booth (Chicago) Forum
for all fresh things related to the Booth (Chicago) MBA program.
Thank you for understanding, and happy exploring!
