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17 Sep 2021, 10:08
Kudos
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Background
Age: 27
Position: Information Technology Manager at top 4 biotech (pharma) company
Salary (with bonus) 151k
Work offers 35k in tuition reimbursement
Years of experience including part time IT work: 8.25
Location: Chicago
With my current salary I do not believe I can justify a top 10 MBA cost. That just seems silly to study and take for a GMAT for nearly 3 months ( I've received waivers at schools below) to put myself in debt of over 3 figures. The ROI just doesn't seem to be there.
Current ONLINE MBA's I've looked at:
1.) Kelley at Indiana - 70k out of pocket
2.) Fisher at Ohio State - Fully Covered
3.) Smeal at Penn State - 15k our of pocket
4.) iMBA - Fully covered
Purpose for MBA: Transition from Manager to Director. Begin to invest into leadership and innovation in a company. Post MBA begin to push for technical certs.
What school would you choose? If you have any other ideas for schools let me know! I am open to any online programs or local programs to Chicago!
Age: 27
Position: Information Technology Manager at top 4 biotech (pharma) company
Salary (with bonus) 151k
Work offers 35k in tuition reimbursement
Years of experience including part time IT work: 8.25
Location: Chicago
With my current salary I do not believe I can justify a top 10 MBA cost. That just seems silly to study and take for a GMAT for nearly 3 months ( I've received waivers at schools below) to put myself in debt of over 3 figures. The ROI just doesn't seem to be there.
Current ONLINE MBA's I've looked at:
1.) Kelley at Indiana - 70k out of pocket
2.) Fisher at Ohio State - Fully Covered
3.) Smeal at Penn State - 15k our of pocket
4.) iMBA - Fully covered
Purpose for MBA: Transition from Manager to Director. Begin to invest into leadership and innovation in a company. Post MBA begin to push for technical certs.
What school would you choose? If you have any other ideas for schools let me know! I am open to any online programs or local programs to Chicago!
19 Sep 2021, 21:38
Kudos
Bookmarks
Hi and welcome to GMAT Club.
This is more about which school to choose once you get in but it is super slow in this forum (and will be for another 3 months) so it is a good distraction
1. I think with your salary level an Evening or Online MBA makes sense. I was wondering why online only and not PT? E.g. Booth or Kellogg PT? Just cost?
2. In terms of salary, IT tends to pay well. Variety of PM roles at FAANG could fetch $250K in a few years after graduation (though that's still 5 years away)
3. If you are OK staying at the current job/industry and not making much switching (though in current job market, you may be able to), I can see not doing a FT MBA. The main value of a FT program is ability to switch/jump industries, countries, roles, etc
4. In terms of Online MBA, I think it makes sense esp during the covid years... I could also suggest looking at the new Haas Online MBA (PT equivalent just online) or UNC (oldest and most mature probably).
5. Getting an MBA with least coast is pretty good. You can't beat the ROI. At the same time, you will be sinking in time, so may as well get more out of your experience. Getting into a higher ranked program that is more selective will provide you with more interesting and motivated classmates who will challenge you more and better professors, and better alums. MBA is not just to have a title on the resume (even if you think that is, it is much more than that) so would be helpful to consider your choices and their selectivity.
BB
This is more about which school to choose once you get in but it is super slow in this forum (and will be for another 3 months) so it is a good distraction
1. I think with your salary level an Evening or Online MBA makes sense. I was wondering why online only and not PT? E.g. Booth or Kellogg PT? Just cost?
2. In terms of salary, IT tends to pay well. Variety of PM roles at FAANG could fetch $250K in a few years after graduation (though that's still 5 years away)
3. If you are OK staying at the current job/industry and not making much switching (though in current job market, you may be able to), I can see not doing a FT MBA. The main value of a FT program is ability to switch/jump industries, countries, roles, etc
4. In terms of Online MBA, I think it makes sense esp during the covid years... I could also suggest looking at the new Haas Online MBA (PT equivalent just online) or UNC (oldest and most mature probably).
5. Getting an MBA with least coast is pretty good. You can't beat the ROI. At the same time, you will be sinking in time, so may as well get more out of your experience. Getting into a higher ranked program that is more selective will provide you with more interesting and motivated classmates who will challenge you more and better professors, and better alums. MBA is not just to have a title on the resume (even if you think that is, it is much more than that) so would be helpful to consider your choices and their selectivity.
BB
zhugelianges
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Last visit: 11 Nov 2024
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20 Sep 2021, 02:54
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I agree with BB.
My two cents is if you choose online MBA, why don't you choose UMich Online MBA? That could be the most reputable online MBA amongst your list.
On the other hand, you live in Chicago, so Booth Evening MBA or Kellogg PT MBA probably suits you more?
Just my humble opinion.
My two cents is if you choose online MBA, why don't you choose UMich Online MBA? That could be the most reputable online MBA amongst your list.
On the other hand, you live in Chicago, so Booth Evening MBA or Kellogg PT MBA probably suits you more?
Just my humble opinion.
