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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
-09:15 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 01
08:30 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 0108:00 PM PDT
-09:00 PM PDT
Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
15 Oct 2023, 14:05
Kudos
Bookmarks
I want to pivot into asset management for a large fund (Blackrock/ Pimco/ JPM) however considering how competitive the space is I’m concerned my undergrad institution is holding me back and I have no network to lean on. I didn't start applying myself until late college so there's a part of me that wants to keep learning, prove it to myself that I can do it, and have tangible evidence of my hard work. Thinking about going back to school even gets me excited but the price tag is the only thing that gives me pause. So motivations are (1) career enhancement and mitigate undergrad (2) network (3) learning and self-improvement.
I'm on L3 of the CFA now and though I think it helps I'm not delusional enough to think it’s a golden ticket by any means.
Circumstances:
- 28yrs old
- Live in NYC
- Graduated from undergrad ranked somewhere between #180-#210 US News
- Transitioned from a brokerage role at VG/Fidelity/Fisher to corporate finance, eventually landing a fortunate opportunity in private credit at age 26. Started as a leveraged finance analyst and achieved promotion to associate in September 2023.
- CFA L3 candidate
- Salary is $200K
I've brought up the situation to a handful of people but everyone tells me I'm overthinking it and that it's not worth the money. My logic is that is maybe if I went to a T50 school it wouldn’t make sense but the gap between my undergrad and my target schools (even if PT or online) is so large that it would be a difference maker. Especially when you consider how competitive the finance industry is in NYC.
I'm on a good path and could keep progressing through Private Credit making good money but I'm not so sure I want to be in the private markets forever and hate the idea of being constrained. FT MBA is a brutal idea bc of the $400K+ in forgone salary plus $200K in tuition would set me back a cool ~$600K. Well aware this makes little to no sense but I want to think through every scenario.
The way I see it I have 4 options:
A) MBA full time
B) MBA PT (only option is really NYU for $170K)
C) Online MBA (Ross, UNC, USC so ~$130K)
D) No MBA and ride it out
Open to any kind of advice either in the comments or offline
I'm on L3 of the CFA now and though I think it helps I'm not delusional enough to think it’s a golden ticket by any means.
Circumstances:
- 28yrs old
- Live in NYC
- Graduated from undergrad ranked somewhere between #180-#210 US News
- Transitioned from a brokerage role at VG/Fidelity/Fisher to corporate finance, eventually landing a fortunate opportunity in private credit at age 26. Started as a leveraged finance analyst and achieved promotion to associate in September 2023.
- CFA L3 candidate
- Salary is $200K
I've brought up the situation to a handful of people but everyone tells me I'm overthinking it and that it's not worth the money. My logic is that is maybe if I went to a T50 school it wouldn’t make sense but the gap between my undergrad and my target schools (even if PT or online) is so large that it would be a difference maker. Especially when you consider how competitive the finance industry is in NYC.
I'm on a good path and could keep progressing through Private Credit making good money but I'm not so sure I want to be in the private markets forever and hate the idea of being constrained. FT MBA is a brutal idea bc of the $400K+ in forgone salary plus $200K in tuition would set me back a cool ~$600K. Well aware this makes little to no sense but I want to think through every scenario.
The way I see it I have 4 options:
A) MBA full time
B) MBA PT (only option is really NYU for $170K)
C) Online MBA (Ross, UNC, USC so ~$130K)
D) No MBA and ride it out
Open to any kind of advice either in the comments or offline
15 Oct 2023, 15:30
Kudos
Bookmarks
Hi. Welcome to GMAT Club.
This is a pretty common question and sometimes a common challenge. With MBA Grads making $170-190K at McKinsey at graduation (not including any bonuses), leaving a 200K+ job to spend 2 years without income, and then to search for a job can seem like a really backwards move.
Before jumping into a monologue, I would say that MBA is not always the best answer and the best choice but often people find that it is the most efficient tool in transforming their career. E.g. you want to move to another area, MBA Is a great vehicle for that. You want to break through a glass ceiling type of thing, MBA is great for that too. However, MBA is not the easiest and most enjoyable journeys. It can be stressful, depressing, challenging, and utterly frustrating. You really have to be motivated to finish it. One way to get motivated is to quit your job for a full time program and that's a huge motivator for most.
My suggestion would be a few fold:
1. Try to find a mentor or someone in the industry who you can talk openly. Perhaps don't tell them your darkest secrets but someone who can give some advice, preferably someone in their late 30's or 40's. Many companies have mentorship programs and that alone can be valuable connecting with Execs. It is best if this is not your boss. They can share some of the things they wish they have done differently and it is always clear in hindsight.
2. If you are planning to change industries/careers after you graduate, get a FT program. There are many benefits besides financial ones.
3. If you are planning to stay in Finance, same industry basically, then Stern or Columbia. PT programs are quite a bit easier to get into as well and that's a plus but you won't get as much out of as you would from a FT program. I have a bit more about differences in experience in this topic: https://gmatclub.com/forum/full-time-vs ... 00621.html
4. I think a PT MBA for 170K is a better deal than Online MBA for $130.
About opportunity cost and financials, there are a few ways to look at it. The cost is really cost of tuition/living plus NPV of foregone savings. You may make $200K but if you burn through 190K in a year living in NYC, then you are saving just $10K (hopefully this is far from reality). Bottom line is you are not missing all 200K esp if you go to school at Darden for example where cost of living is a lot less.
This is a pretty common question and sometimes a common challenge. With MBA Grads making $170-190K at McKinsey at graduation (not including any bonuses), leaving a 200K+ job to spend 2 years without income, and then to search for a job can seem like a really backwards move.
Before jumping into a monologue, I would say that MBA is not always the best answer and the best choice but often people find that it is the most efficient tool in transforming their career. E.g. you want to move to another area, MBA Is a great vehicle for that. You want to break through a glass ceiling type of thing, MBA is great for that too. However, MBA is not the easiest and most enjoyable journeys. It can be stressful, depressing, challenging, and utterly frustrating. You really have to be motivated to finish it. One way to get motivated is to quit your job for a full time program and that's a huge motivator for most.
My suggestion would be a few fold:
1. Try to find a mentor or someone in the industry who you can talk openly. Perhaps don't tell them your darkest secrets but someone who can give some advice, preferably someone in their late 30's or 40's. Many companies have mentorship programs and that alone can be valuable connecting with Execs. It is best if this is not your boss. They can share some of the things they wish they have done differently and it is always clear in hindsight.
2. If you are planning to change industries/careers after you graduate, get a FT program. There are many benefits besides financial ones.
3. If you are planning to stay in Finance, same industry basically, then Stern or Columbia. PT programs are quite a bit easier to get into as well and that's a plus but you won't get as much out of as you would from a FT program. I have a bit more about differences in experience in this topic: https://gmatclub.com/forum/full-time-vs ... 00621.html
4. I think a PT MBA for 170K is a better deal than Online MBA for $130.
About opportunity cost and financials, there are a few ways to look at it. The cost is really cost of tuition/living plus NPV of foregone savings. You may make $200K but if you burn through 190K in a year living in NYC, then you are saving just $10K (hopefully this is far from reality). Bottom line is you are not missing all 200K esp if you go to school at Darden for example where cost of living is a lot less.
15 Oct 2023, 17:22
Kudos
Bookmarks
ColloquialF
C sounds like an option but I don't know what value are you trying to get with the MBA brand.
I think you have thought things through but see it more from a progression standpoint. If you invest $130k into something that will not even pay off, what's the point?
Some MBA programs are weekend part time, try that if you got weekends opened up
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