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 2310:00 AM EDT
-10:30 AM EDT
Admissions committees evaluate the GMAT/GRE in context — your background, your representation in the applicant pool, the strength of everything else in your file. The same score works for one candidate and falls short for another with identical numbers.
Apr 2312:00 PM PDT
-01:00 PM PDT
Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
Apr 2408:30 PM IST
-09:30 PM IST
Join us for a Live Coffee chat with Jenifer Turtschanow where we talk about enhancing your MBA profile and fixing gaps in just 4 months.
Apr 2511:00 AM EDT
-01:00 PM EDT
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!
22 Feb 2014, 06:34
Kudos
Bookmarks
We're trying to figure out whether an MBA makes sense for him. Here's where he's at right now:
Job - Manager of sales ops analysis at a late-stage startup (making $88k/year with 10% end of year bonus); previously sales analyst at an established sales org; previously director of ops at an early-stage startup
Education - BA with high honors from excellent big ten school; MA in polisci with concentration on stats from top 10 polisci dept
Career Goals - start his own company/consulting firm and/or become at least a VP (ideally a C-level exec) at a sales org (ideally tech-related, but he's flexible)
Salary goal -- make at least $120K by the time he's 30 (he's 28 right now)
He's got some promotion potential at his current company and generally likes his job. He's gotten one consulting gig so far and liked it in some ways, but wasn't thrilled with it (more to do with the client than anything else).
Thoughts? We're in the mid-Atlantic, by the way.
Job - Manager of sales ops analysis at a late-stage startup (making $88k/year with 10% end of year bonus); previously sales analyst at an established sales org; previously director of ops at an early-stage startup
Education - BA with high honors from excellent big ten school; MA in polisci with concentration on stats from top 10 polisci dept
Career Goals - start his own company/consulting firm and/or become at least a VP (ideally a C-level exec) at a sales org (ideally tech-related, but he's flexible)
Salary goal -- make at least $120K by the time he's 30 (he's 28 right now)
He's got some promotion potential at his current company and generally likes his job. He's gotten one consulting gig so far and liked it in some ways, but wasn't thrilled with it (more to do with the client than anything else).
Thoughts? We're in the mid-Atlantic, by the way.
22 Feb 2014, 07:13
Kudos
Bookmarks
Sounds like a great MBA candidate. But, it's great that you guys are doing the diligence.
My approach would be to start with all the things that MBA may provide. (Salary, network, career progression, academic knowledge etc.)
1.) Salary goal - average salary at most top 10 schools is around $120k base, $25k signing bonus, and $30-50k year end bonus. So, that is quite a bit more than his stated goals. But, again, he would need to weigh it against the loans he would be taking to reach that position.
2.) Career goals - this is somewhat tricky.
a.) Consulting - I think it's a fairly established fact that you would hit a ceiling without an MBA in this industry. Even if he manages to switch (might be quite difficult), most of his peers will have an MBA.
b.) Start his own company - Few questions to probe here - does he have the required motivation and/or experience (to build a start-up/raise money etc.) , a vague idea of what industry/area he wants to target, the network, the knowledge. Is he looking for co-founders, people with similar goals etc. All these are values that entrepreneurs look to derive from an MBA program.
c.) VP/C-level exec - Although there are guys in those positions who dont have an advanced degree, having an MBA would certainly be a quicker route to reach there.
Also, it becomes progressively difficult to get a full time MBA after early-mid 30s. So, that's a point he should be considering as well.
Finally, just be aware that this forum has tons of people who find value in an MBA. Discount the bias
My approach would be to start with all the things that MBA may provide. (Salary, network, career progression, academic knowledge etc.)
1.) Salary goal - average salary at most top 10 schools is around $120k base, $25k signing bonus, and $30-50k year end bonus. So, that is quite a bit more than his stated goals. But, again, he would need to weigh it against the loans he would be taking to reach that position.
2.) Career goals - this is somewhat tricky.
a.) Consulting - I think it's a fairly established fact that you would hit a ceiling without an MBA in this industry. Even if he manages to switch (might be quite difficult), most of his peers will have an MBA.
b.) Start his own company - Few questions to probe here - does he have the required motivation and/or experience (to build a start-up/raise money etc.) , a vague idea of what industry/area he wants to target, the network, the knowledge. Is he looking for co-founders, people with similar goals etc. All these are values that entrepreneurs look to derive from an MBA program.
c.) VP/C-level exec - Although there are guys in those positions who dont have an advanced degree, having an MBA would certainly be a quicker route to reach there.
Also, it becomes progressively difficult to get a full time MBA after early-mid 30s. So, that's a point he should be considering as well.
Finally, just be aware that this forum has tons of people who find value in an MBA. Discount the bias
22 Feb 2014, 07:19
Kudos
Bookmarks
Thanks for the reply! As for the questions about starting his own company, he definitely has the motivation and knowledge to do it. He has an excellent idea right now and a few people at his current company who are totally bought into it. He also has connections to the startup industry out in CA. He's actually questioning whether an MBA would work for him and we're trying to figure out reasons why it actually makes sense.
