- This topic has 4 replies, 2 voices, and was last updated Aug-1810:44 pm by
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Up3
Although an MBA will help your networking and definitely most banks would recruit from top-tier biz schools, you’ll have to spend a ton of money and get into a top-tier biz school. I’d stick with the CFA and push hard on networking. I-bankers do tend to be biased against retail bankers though so this might be a longer struggle. An MBA would definitely help your CV, but personally I’m really not sure if it’s worth the money.
Good luck!
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Up2
I’m in equity research, covering insurance. Just a few years experience so pretty green.
MBA-wise, INSEAD has made some headlines recently and they are pretty value-for-money (by being short!) so might be an option.
My honest opinion is that an MBA would help in your situation. Whether it’s worth the money is something you’ll have to evaluate – it’s different for everyone.
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Up2
Hi itsalwayssurplus,
Thanks again for your reply. I have heard of INSEAD over at WSO, I’ll give it a look. Thanks!
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Up1
itsalwayslupus,
Thanks so kindly for your response, you seem to be knowledgeable about iBanks and the culture there. Are you in the industry?
With respect to an MBA, yes I realize the cost is enormous but I wonder if the benefits don’t outweigh the costs over the longer-term? Presumably if I get into a top 20 MBA and get a job in IB/PE/AM/HF/etc, the salary should more than offset the high costs of getting the MBA? I haven’t run numbers myself because I’m so new to the process but that is at least my initial (non-empirical) thoughts.
If a CFA and hard-nosed networking can be successful than I am all for foregoing 150K in student loans but I’m just not sure given my pedigree (or lack thereof) and age that that is a viable option. I’m extremely interest in others opinion on this matter (preferably from individuals in the industry).
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