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RStacks90
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RStacks90
­I am turning 34 years old soon and recently won one million dollars through a contest of sorts. I have spent the past five years tutoring the SAT, ACT, and various high school AP exams at a boutique test prep company, but with my newfound wealth, I feel that I need to have a six figure job to remain a millionaire. 

Would going to business school make sense if I want to increase my earning power from $60k to anything in the six figure range? I did well on the LSAT but withdrew from law school eight years ago, and I feel that I could definitely do well on the GMAT as soon as I understand what the test covers. 

I would probably want either a managerial position or something that involves data analysis. Is it worth the grind or should I just stick to what I'm doing and try to save up as much as possible each year? 
­RStacks90

The call for an MBA should come from within. In my opinion, you should continue your current job as long as you can fulfil two of these three aspects: 1) Earning,  2) learning and  3) growth. If you feel that you are doing well in two of these areas, you may not need an MBA to reach a higher level. But if that's not the case, it would not be very wise to just keep going without any prospect of advancement.

Get personalized advice tailored to your unique circumstances in the B School admissions process. Reapplying? Get a free ding analysis

Best wishes
Aanchal Sahni (INSEAD MBA alum, former INSEAD MBA admissions interviewer)
Founder, MBAGuideConsulting 
LinkedIn |WEBSITE: https://mbaguideconsulting.com/| Message(WA): +91 9971200927| email- mbaguideconsulting@gmail.com­
 ­
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Assuming this is true :), congrats on your newly obtained wealth! I think I need to start participating in a few competitions as well :)

I'm guessing you should be able to do well on the GMAT, given what you say about your level of preparation - always in active tutoring mode.

That brings us to your work experience - I'm thinking a top tier school (T15/T20) may not find your tutoring experience to be impactful, unless they are able to also see other aspects: team leadership, entrepreneurship, etc.

A second-tier school wouldn't think twice.  And a second-tier school should serve your purpose of helping you find a six-figure job - assuming you are a US national. You can also look into MS-Analytics/Data Science sorta degrees.

Reach out if you want to chat more: https://bit.ly/GM_AugAcd_Profile_Evaluation

Best wishes,
Karthik
RStacks90
­I am turning 34 years old soon and recently won one million dollars through a contest of sorts. I have spent the past five years tutoring the SAT, ACT, and various high school AP exams at a boutique test prep company, but with my newfound wealth, I feel that I need to have a six figure job to remain a millionaire. 

Would going to business school make sense if I want to increase my earning power from $60k to anything in the six figure range? I did well on the LSAT but withdrew from law school eight years ago, and I feel that I could definitely do well on the GMAT as soon as I understand what the test covers. 

I would probably want either a managerial position or something that involves data analysis. Is it worth the grind or should I just stick to what I'm doing and try to save up as much as possible each year? 
­
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RStacks90
­I am turning 34 years old soon and recently won one million dollars through a contest of sorts. I have spent the past five years tutoring the SAT, ACT, and various high school AP exams at a boutique test prep company, but with my newfound wealth, I feel that I need to have a six figure job to remain a millionaire. 

Would going to business school make sense if I want to increase my earning power from $60k to anything in the six figure range? I did well on the LSAT but withdrew from law school eight years ago, and I feel that I could definitely do well on the GMAT as soon as I understand what the test covers. 

I would probably want either a managerial position or something that involves data analysis. Is it worth the grind or should I just stick to what I'm doing and try to save up as much as possible each year? 
@RStacks90 - To be candid, if matching/ beating your newfound wealth is your ONLY/ PRIMARY goal, I doubt you'd enjoy the overall MBA experience. If you're to also consider other aspects e.g. understanding how businesses work, learning structured problem solving, interacting with diverse classmates, WHILE also landing a great job, then go for it!

Regards,
Arvind
Founder, admitStreet | Schedule a free chat
W: https://admitstreet.com | LinkedIn | E: consultingteam@admitstreet.com­
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AugustAcademy
Assuming this is true :), congrats on your newly obtained wealth! I think I need to start participating in a few competitions as well :)

I'm guessing you should be able to do well on the GMAT, given what you say about your level of preparation - always in active tutoring mode.

That brings us to your work experience - I'm thinking a top tier school (T15/T20) may not find your tutoring experience to be impactful, unless they are able to also see other aspects: team leadership, entrepreneurship, etc.

A second-tier school wouldn't think twice.  And a second-tier school should serve your purpose of helping you find a six-figure job - assuming you are a US national. 

Best wishes,
Karthik
RStacks90
­I am turning 34 years old soon and recently won one million dollars through a contest of sorts. I have spent the past five years tutoring the SAT, ACT, and various high school AP exams at a boutique test prep company, but with my newfound wealth, I feel that I need to have a six figure job to remain a millionaire. 

Would going to business school make sense if I want to increase my earning power from $60k to anything in the six figure range? I did well on the LSAT but withdrew from law school eight years ago, and I feel that I could definitely do well on the GMAT as soon as I understand what the test covers. 

I would probably want either a managerial position or something that involves data analysis. Is it worth the grind or should I just stick to what I'm doing and try to save up as much as possible each year? 
­
­
I'm going to give it a shot. I just ordered the Manhattan Prep books and will order the new editions of the Wiley books when they become available. I'll spend my time outside of work and leisurely reading perusing those books. I probably feel most confident about the verbal side of the test having scored a 169 on the GRE's verbal section a few years ago. 

I should clarify that my job title is actually educational consultant, so I tutor students and advise families throughout the standardized testing and college admissions processes. Are you sure that the T15-20 would frown upon my not having worked some white collar job? Seems rather pretentious

Also, my undergrad GPA was a 3.5, so I feel I need a high GMAT score. I would like to attend an elite business school or else a very good one for cheap. 
 ­
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RStacks90:

Yes, it could help. Assess your interests, experience, and what an MBA program would provide. Generally speaking, many people feel that an MBA is a powerful experience to achieve many things including but not limited to:

a) expanding your network
b) professional branding
c) break-in points to certain competitive industries
d) academic business knowledge

Attend a few information sessions (online), talk to current students and/or alumni, and get a sense for what the experience would offer and whether it would fit your ambitions.

Good luck and congrats on the early success,
Admissionado
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Bro, give me a loan and I will pay you back with interest. Now that's real wealth multiplication. There's a waiting time till I complete my MBA though!
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RStacks90
­I am turning 34 years old soon and recently won one million dollars through a contest of sorts. I have spent the past five years tutoring the SAT, ACT, and various high school AP exams at a boutique test prep company, but with my newfound wealth, I feel that I need to have a six figure job to remain a millionaire.

Would going to business school make sense if I want to increase my earning power from $60k to anything in the six figure range? I did well on the LSAT but withdrew from law school eight years ago, and I feel that I could definitely do well on the GMAT as soon as I understand what the test covers.

I would probably want either a managerial position or something that involves data analysis. Is it worth the grind or should I just stick to what I'm doing and try to save up as much as possible each year?
Hi RStacks90,

Congratulations on your recent windfall! While your current role as a tutor is fulfilling, it's understandable that you're considering a career change to increase your earning potential.

Potential Benefits of an MBA:
Career Advancement: An MBA can open doors to higher-paying executive roles, particularly in fields like consulting, finance, or tech.
Networking Opportunities: Business school provides a unique platform to connect with influential individuals who can help you advance your career.
Enhanced Leadership Skills: MBA programs often focus on developing leadership, strategic thinking, and decision-making skills.
Personal Growth: An MBA can be a transformative experience, helping you to develop a broader perspective and a deeper understanding of business.
However, given your cu
rrent financial situation, it's important to weigh the costs and benefits carefully. An MBA can be a significant investment in terms of time and money.

Ultimately, the decision of whether to pursue an MBA is a personal one. Consider your long-term goals, financial situation, and risk tolerance. If you decide to pursue an MBA, be sure to choose a program that aligns with your career aspirations and offers a strong return on investment.

By carefully considering these factors, you can make an informed decision that will help you achieve your long-term goals. Would you like to discuss your career goals and specific interests within finance in more detail? This can help us refine your target schools and application strategy. Our MBA consultants would be happy to connect with you over a free profile evaluation discussion. You can schedule a free consultation with our experts or connect directly with our experts via call at +91 7780769732.