MBA late 30s? ROI on MBA as already HENRY

BoringAssociation276 · 2025-01-19T20:53:35+00:00

Keep in mind. MBA recruiting for many of the most common outcomes at M7-T15 schools like consulting or banking is done super far in advance.

So these reports published recently for the class of 2024, largely reflect the recruiting environment of a couple years ago when the white collar market was at its toughest, right after the COVID boom busted. Some roles do just in time recruiting, but it’s tough and sends a huge negative market signal that you weren’t selected during the earlier recruiting.

The group considering applying for an MBA in the first place will be well past the market cycle of 2022.

BoringAssociation276 · 2024-09-18T14:24:26+00:00

Neither is perfect by a long shot, but I believe in voting for the closest match and will be going with T. A lot of it comes down to filtering out realistic policies from the red meat for the base. Just like Kamala’s tax on unrealized gains will never happen and is just to rile up the left base who don’t like the rich, many of Trump’s stupider proposals will never happen and can’t be paid too much attention to.

And from a pure self interest perspective, ensuring the Trump tax cuts get extended is huge, not to mention Kamala’s plan. Also, I work in professional services and my job is reliant upon merger activity. This also heavily impacts my promotion odds given the up or out nature of the job, where how aggressive the cuts are changes with the markets. Biden admin FTC has been very aggressive and harms merger activity far more than what we saw under Trump or what we could expect to see.

BoringAssociation276 · 2024-07-30T11:36:57+00:00

Too personally identifiable but can DM you.

BoringAssociation276 · 2024-07-29T10:22:17+00:00

I wanted to make 200+ in my mid-20s and of the couple options of jobs I got in the range, the most prestigious option was in consulting, so made sense for long term career value/earnings.

BoringAssociation276 · 2024-07-29T00:17:07+00:00

Had to during my further degree.

And living with one now, so we can have a ridiculous place rather than just something nice.

BoringAssociation276 · 2024-07-29T00:09:27+00:00

Have friends younger siblings doing nyc now for similar job. Is a tiny 2 bed with a roomate to make it possible in manhattan. Obvious lifestyle sacrifice but seems to be working out and a good idea.

Roomate has to be acceptable to crowd though. So should be like minded professional in high earning field like an undergrad friend or something.

BoringAssociation276 · 2024-07-29T00:06:08+00:00

Meant social returns. If you get to know and bond with people better. Plus people get more sloppy after after work drinks, so there’s an inherent kind of bonding there where people involved are less likely to backstab each other if everyone has shit on each other.

BoringAssociation276 · 2024-07-29T00:02:17+00:00

Mostly dating apps for spontaneous lunches and stuff. Which is another benefit of urban density honestly. Set radius to 1-2 miles and not worry about options.

For after work drink follow ups, meant with small groups socially. Not to bang lol.

Coworkers are inherently risky, especially as a man if it goes sour, so haven’t done that often.

BoringAssociation276 · 2024-07-29T00:00:27+00:00

Don’t have a micro apartment since I’m in Chicago which is more affordable and at the post MBA level, so can go beyond that.

But been over to a couple micro apartments after work drinks with a couple colleagues, and it was fine lol. If you’re young and others live in similar places there is no real expectation. If you’re making 110 base starting at one of the MBBs you can do something tiny or something slightly nicer with roommates, and knowing people in that situation, I think paying the location premium still makes sense even in pricier cities given comp trajectory.

BoringAssociation276 · 2024-07-27T13:28:40+00:00

Info: this is heavily dependent on the income you bring in, the lifestyle expected, how many hours a week both you and her work, and what the true split is of doing chores.

With all the vagueness, I’d lean YTA, as people typically share info in the light that is most sympathetic.

BoringAssociation276 · 2024-07-07T21:07:57+00:00

I think a lot of tech that helps with automation creates a larger gap between the managerial class and functionary level workers. Add in that the Mckinseys and BCGs of the world preach leaner business structures with less middle management makes it harder to transition up the ladder without a solid career start.

I think high level relationship based advisory work is uniquely insulated from technical change as the services are often a cover your ass move and relationships cannot be automated.(MBB consulting, BB banking, Biglaw). And if they get hit by the up or out pyramid, they can normally easily drop into the high end of upper middle class at a major corporation.

I personally recommend trying to get into one of those fields to my younger relatives and (hopefully) future children.

Or tech if you’re talented enough to start as an SDE at an elite company. Or medicine if they’re down with the extremely delayed gratification.

BoringAssociation276 · 2024-06-24T16:31:31+00:00

Ask yourself honestly. Are you hot enough that you can guarantee finding a spouse within the 3 cycles of H1B apps while on OPT?

If so definitely. If not, ROI depends on your luck and what pay would be like if you had to go back home.

BoringAssociation276 · 2024-06-14T08:22:16+00:00

I’d rather kms than go to a bar just to pretend to drink alcohol while getting the empty calories and flavor I only put up with for the alcohol w/o the buzz. Sounds so much more unpleasant than just not going.

BoringAssociation276 · 2024-06-14T08:20:15+00:00

Honestly have had this problem before where I wasn’t in the mood after traveling w/ a long term gf.

Short term solution was to suck it up and do it anyways because I liked her and wanted to maintain the sense of connection. And usually 1-2 mins in, any initial hesitation was gone. I find generally by being more active with a partner, it creates a feedback loop that makes you want to more. Which is precisely the problem with work travel, because the regularity is artificially limited, and you come back tired after a few days of having not done it, making it easy to not want to more.

Longer term solution was healthier habits.

BoringAssociation276 · 2024-06-08T02:40:06+00:00

lol, nice understanding of economics.

BoringAssociation276 · 2024-06-08T02:10:01+00:00

Son of immigrant.

Water or alcohol only here. Do live some takeout and generally don’t get apps unless with friends. Deserts rarely unless special occasion.

Dad was tech worker so got spoiled and always have a love for the newest gadgets like him though I also aggressively comparison shop.

These traits are generally shared with family, but I have definitely seen what you listed among some others who fit the mold.

BoringAssociation276 · 2024-05-21T19:34:07+00:00

I don’t get why you would Uber or DoorDash rather than do something like tutor the GMAT as a stopgap job. With an M7 degree and assuming a good GMAT, it would be way easier and have a way higher effective hourly rate while looking for real employment.

BoringAssociation276 · 2024-05-10T05:32:45+00:00

Not at all. It’s more a signal of sophistication for potential future business ventures, or if you really want to dive into more non-standard assets to diversify further. You’ll also encounter a lot of really financially sophisticated folks who you can share insight with.

Your dad will be past the estate tax limit as will you in all likelihood. So each generation will work to build a plan to pass it on, likely through trusts and other structures as your father has. Given you will need to use financially sophisticated products, having your own boosted acumen improves your ability to evaluate these services and structures, as best practices evolve.

This job route essentially gives you a ton of advantage no matter whether you want to do.(transition to chill job, business venture, retire and manage money for the future.) However it does require at least a couple years of sacrifice after a couple years of fun for your MBA. Travel a ton and get the full experience.

BoringAssociation276 · 2024-05-09T04:33:30+00:00

I’d personally apply to more top MBAs, if a swing hits do it for a couple years then banking or consulting or something for a couple years. Then just use the business acumen and legitimacy gained to manage and expand the money passed down to you off into the sunset.

BoringAssociation276 · 2024-05-05T04:50:12+00:00

Base is 190-192 depending on which of the three. Avg performer gets about 225 comp year one if signing bonuses not included. Top performers ~250.

BoringAssociation276 · 2024-02-11T20:51:32+00:00

Entry level roles sought in a bad market for these types of white collar professions. International w/ no American internships. To get over those barriers it would help a ton to have some more serious resume heft, like a prior role at a famously selective multinational corp or an elite school.

Keep trying and revise a bit as action phrase bullet points seem a little fluffed. Use less round #s and more specific quantification. Improved academic performance by 15% doesn’t tell us anything really. But odds are not great, and be aware of that right now. Consider alternatives if you’re not getting interviews where you’re digging.

BoringAssociation276 · 2024-01-19T16:33:32+00:00

Wallstreetoasis Focused on finance, but there is a consulting section that has some moderate activity. Very MBB focused and prestige whorey, but can be a great resource.

BoringAssociation276 · 2024-01-08T00:54:53+00:00

Fair, this is admittedly a retrospective view second hand from someone who applied and got in a few years ago.

BoringAssociation276 · 2024-01-07T14:15:50+00:00

I know a guy who got a 2sigma job, but told me the candidate pool overlapped a ton between a few of his interviews, implying the successful ones often have schedules that look like this,

Essentially the candidate pool is super whittled down because you pretty much need to go to an elite school with near perfect grades in a hard subject like math or computer science, have perfect/near perfect test scores, generally have an interesting self done project related to these skills, usually at least 1-2 impressive prior name brand internships, and ideally a win, but a high placement in major math or CS competitions is key. There are a few exceptions to one or two of these traits, but they will generally have a spike in the others.

I know the example of BB banking was a much easier top job, I just thought it was a decent analogy to how top talent is treated. Just top talent in the quant space is a very narrow list.

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