Events & Promotions
|
|
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.
Apr 2909:00 AM PDT
-10:00 AM PDT
What’s in it for you- Live Profile Evaluation Chat Session with Jenifer Turtschanow, CEO, ARINGO. Come with your details prepared and ARINGO will share insights! Pre-MBA Role/Industry, YOE, Exam Score, C/GPA, ECs Post-MBA Role/ Industry & School List.
Apr 2908:00 PM EDT
-09:00 PM EDT
Join us for a live Ask Me Anything (AMA) session with Juno’s Co-Founder, where we’ll break down everything you need to know about financing your MBA in today’s rapidly changing landscape.
Apr 3010:00 AM EDT
-11:00 AM EDT
Applying to business school from a finance background? Personal MBA Coach is here to help with this quick tips video on how to set yourself apart during the MBA application process!
Apr 3010:00 AM EDT
-10:30 AM EDT
Sia Admissions Founder Susan Berishaj will walk through why reach/target/safety produces the wrong list for many specific profiles, how admissions committees at different programs read the same background differently, and more...
Apr 3012:00 PM EDT
-01:00 PM EDT
Starting at $975 and offering up to $545 of savings, our new Amplify Hourly Packages offer structure and support in certain high-value areas (story development, resume, essays, interviewing) to help get your applications across the finish line.
Apr 3009:00 PM IST
-10:00 PM IST
Thinking about PE/VC? Most consultants are. Few actually make it. Learn how to position your profile, build the right skills, and break into Private Equity & Venture Capital.
May 0108:30 AM EDT
-09:30 AM EDT
Get the inside scoop on what makes Emory’s Goizueta Business School great and how you can present a strong MBA application. Explore the difference between our One-Year MBA and Two-Year MBA programs, talk to our admissions team, and meet students.- May 01
08:30 AM EDT
-09:15 AM EDT
Get the inside scoop on what makes Emory’s Goizueta Business School great, learn how you can present a strong MBA application, and connect with an Admissions Director to get your questions answered. 
May 0108:00 PM PDT
-09:00 PM PDT
Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
May 0301:00 PM IST
-02:00 PM IST
Looking to secure a coveted spot at a top business school? Our team of seasoned MBA admissions consultants, including top B schools alumni and industry leaders, is here to help turn your dreams into reality. Let’s kick-start your journey to success!
04 Jul 2013, 16:40
Kudos
Bookmarks
I did my undergrad in math and comp sci and grad school in quantitative finance. I have worked in famous software companies for a couple of years in developer roles, tried to start a large business which eventually didnt work even though we did get a fair bit of funding. Post grad school I got into energy trading and I am in a senior role currently on the trade floor. I make about 120K + bonus, these bonuses range from 20-60K.
Now I am trying to understand the purpose of an MBA in my case. I really am keen on doing an MBA since it expands my career choices and allows me to possibly get into Management Consulting or PE. I am 30 years old and so it's important for me to make a call on the direction in which I should proceed now.
When I look at the salaries post MBA, they look kind of low to me, unless I choose a top 5 MBA program it seems that the MBA may not necessarily help me out salary wise. Then I ask myself, am I qualified to get into a top 5 MBA program? Or can I consider rank 10-20 programs and still assume it will help me to get into my career path of choice (MC or PE) and ignore the salaries posted.
If the median base in Stanford is 125K then I feel am not too far off from that. Or is what distinguishes a Stanford MBA guy from me, is it his future earning potential?
What if I don't have spectacular extra curriculars, and I am forced to goto a top 10 to 20 school?
Now I am trying to understand the purpose of an MBA in my case. I really am keen on doing an MBA since it expands my career choices and allows me to possibly get into Management Consulting or PE. I am 30 years old and so it's important for me to make a call on the direction in which I should proceed now.
When I look at the salaries post MBA, they look kind of low to me, unless I choose a top 5 MBA program it seems that the MBA may not necessarily help me out salary wise. Then I ask myself, am I qualified to get into a top 5 MBA program? Or can I consider rank 10-20 programs and still assume it will help me to get into my career path of choice (MC or PE) and ignore the salaries posted.
If the median base in Stanford is 125K then I feel am not too far off from that. Or is what distinguishes a Stanford MBA guy from me, is it his future earning potential?
What if I don't have spectacular extra curriculars, and I am forced to goto a top 10 to 20 school?
SuperMarioVT
04 Jul 2013, 17:39
Kudos
Bookmarks
It seems that you already have a good well paying job that you somewhat enjoy what to do.. If I were in your position I would only pursue a graduate degree if I were accepted into a top 10 business program or a top 5 law school..
With that being said each person is a different case.. What applies to one doesn't necessary apply to another.. In end make a decision based on what you think is best for your long term career and life..
Have you taken the GMAT? If not give it a try and go from there.. Best of luck
Sent from my Galaxy Nexus
With that being said each person is a different case.. What applies to one doesn't necessary apply to another.. In end make a decision based on what you think is best for your long term career and life..
Have you taken the GMAT? If not give it a try and go from there.. Best of luck
Sent from my Galaxy Nexus
05 Jul 2013, 09:18
Kudos
Bookmarks
Hi there,
I must say you do have a more unique story than most (and a username too, I might add!). @SuperMarioVT is right when he says you need to make the best decision for you where you are currently.
For the moment, let's focus on the value of an MBA for you that doesn't have to do with salary (we'll get into that later). At your age and background, if you're looking to make the shift into PE or MC, you're forced to rely on your personal network without an MBA. Which isn't impossible, just difficult. The value of an MBA is about brand and networks and that's the value for you. If you want to move into management consulting, you could really value from the degree and the structured career services. If you're looking to PE, you could find benefit in the clubs and organizations on campus to get involved in that have inroads into the local/national PE/VC scenes. In other words, if you're focused on changing careers, then yes, an MBA will help you.
Both MC and PE should, with bonuses, get you in the range of your existing salary (MC a little less, PE more). Keep in mind, schools ask you to disclose salary and certain rankings take into consideration the differential in pre-MBA/post-MBA salaries so if they do accept you, their rankings could take a slight hit in this regard. In other words, your story for "why an MBA' needs to be airtight and your value to the class articulate. Especially because you already have one grad degree.
Now - on to the rankings. Top 5 programs are going to be stretches for you. It really comes down to your age unfortunately. Some programs outright ding older applicants while others don't view them all that favorably. Without knowing your GMAT, it's difficult to say what is a stretch and what is aligned, etc. So let's bifurcate the importance of rankings:
Management Consulting: All top 20 programs feed into MC. The top 10 have greater placements into Tier 1 (MBB) firms while all have considerable placements into Tier 2 (e.g. Deloitte) firms. So if your profile makes the 10 - 20 range more a fit for you (and it might be - I don't have the necessary information to say this yet) then your doors into MC are still wide open.
Private Equity / VC: This is difficult no matter how highly ranked a program you get into. However, these programs look heavily to the top 10 and select programs in the 10 - 20 range. PE is just flat out difficult to get into without previous experience or relevant experience so let's just call a spade a spade there.
Therefore, school selection for you will be a balancing act between having the MC/PE/VC opportunities available and the fit of your profile. I think if you're looking to switch careers, we can put forward a logical and compelling story. So I'm not concerned about that. Even though your age is on the higher side and your extracurriculars are decent, I think you have a lot to offer an MBA program and I feel we can show them that. I'm not too concerned with that so, if you want to go the MBA route, it's within reach!
However - that doesn't always mean that's the right choice for you. That's up to you. I believe if you want to make the career hop into something as selective as MC or PE, you need the MBA program's network and brand.
I'm happy to talk about this in more detail with you. If you'd like - feel free to set up time to chat with me. I handle all our free consultations so it's a good way to continue this conversation offline. If you want to go through the forum, that's perfectly fine too. I want you to make the best decision for you and I'm happy to talk it through with you.
Cheers,
Bhavik
I must say you do have a more unique story than most (and a username too, I might add!). @SuperMarioVT is right when he says you need to make the best decision for you where you are currently.
For the moment, let's focus on the value of an MBA for you that doesn't have to do with salary (we'll get into that later). At your age and background, if you're looking to make the shift into PE or MC, you're forced to rely on your personal network without an MBA. Which isn't impossible, just difficult. The value of an MBA is about brand and networks and that's the value for you. If you want to move into management consulting, you could really value from the degree and the structured career services. If you're looking to PE, you could find benefit in the clubs and organizations on campus to get involved in that have inroads into the local/national PE/VC scenes. In other words, if you're focused on changing careers, then yes, an MBA will help you.
Both MC and PE should, with bonuses, get you in the range of your existing salary (MC a little less, PE more). Keep in mind, schools ask you to disclose salary and certain rankings take into consideration the differential in pre-MBA/post-MBA salaries so if they do accept you, their rankings could take a slight hit in this regard. In other words, your story for "why an MBA' needs to be airtight and your value to the class articulate. Especially because you already have one grad degree.
Now - on to the rankings. Top 5 programs are going to be stretches for you. It really comes down to your age unfortunately. Some programs outright ding older applicants while others don't view them all that favorably. Without knowing your GMAT, it's difficult to say what is a stretch and what is aligned, etc. So let's bifurcate the importance of rankings:
Management Consulting: All top 20 programs feed into MC. The top 10 have greater placements into Tier 1 (MBB) firms while all have considerable placements into Tier 2 (e.g. Deloitte) firms. So if your profile makes the 10 - 20 range more a fit for you (and it might be - I don't have the necessary information to say this yet) then your doors into MC are still wide open.
Private Equity / VC: This is difficult no matter how highly ranked a program you get into. However, these programs look heavily to the top 10 and select programs in the 10 - 20 range. PE is just flat out difficult to get into without previous experience or relevant experience so let's just call a spade a spade there.
Therefore, school selection for you will be a balancing act between having the MC/PE/VC opportunities available and the fit of your profile. I think if you're looking to switch careers, we can put forward a logical and compelling story. So I'm not concerned about that. Even though your age is on the higher side and your extracurriculars are decent, I think you have a lot to offer an MBA program and I feel we can show them that. I'm not too concerned with that so, if you want to go the MBA route, it's within reach!
However - that doesn't always mean that's the right choice for you. That's up to you. I believe if you want to make the career hop into something as selective as MC or PE, you need the MBA program's network and brand.
I'm happy to talk about this in more detail with you. If you'd like - feel free to set up time to chat with me. I handle all our free consultations so it's a good way to continue this conversation offline. If you want to go through the forum, that's perfectly fine too. I want you to make the best decision for you and I'm happy to talk it through with you.
Cheers,
Bhavik
