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MBA school immediately right after BS degree?
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Anonymous
| If this was someone turning down multiple MBB/FAANG/IB offers out of undergrad maybe it would be a marginally OK idea. |
Anonymous
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The last few posters have not read the entire thread.
Many elite MBA/MIM/Specialty Master's Degree programs are designed for those with little to no post undergraduate work experience. If OP's son is admitted, most are likely to be with significant merit scholarship money. |
Anonymous
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Although the average work experience at Stanford GSB (MBA program) is 5 years, the class profile ranges from zero (0) years to fifteen (15) years of post undergraduate work experience.
OP: Let the admissions persons at the elite MBA schools determine whether or not you are ready for their graduate business program. The likelihood is that OP's son with an outstanding GPA and a stellar GMAT will derive more from the MBA program than would a person with 10 years or more of work experience (EMBA programs are designed to handle those with extensive years of work experience). Several elite MBA programs may accept OP's son, but recommend deferred admission for a year or two. In this situation, OP's son could proceed though the next two years with confidence. I do not understand why some posters want to deny OP's son these opportunities and options. Even if accepted with significant merit scholarship awards, OP's son is free to decline, attend, or defer. |
Anonymous
| Who is trying to "deny OP's son"? No one is stopping him from applying straight out of undergrad. Many are simply saying it's not the best idea vs. working for a few years first. |
Anonymous
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Some post that they wished that he or she had waited longer to attend an MBA program; many more wish that he or she had attended earlier, while many wish that they had earned an MBA before life got in the way of their plans.
Stanford GSB's admissions philosophy is clearly stated on its website that one should apply when he or she feels ready regardless of work experience. Each application will be viewed and judged individually on its own merits. |
Anonymous
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Work experience is needed - as is maturity.
We even noticed this in our (non-mba) Phd program program. Most of the students who came straight from from undergrad left after getting a Masters. Some others passed comps but gave up during the dissertation phase. Students who had worked a few years were the ones who really knew they wanted to be there. They had gained maturity in real world and were leaving behind paying jobs vs. just moving onto another level in the ladder of "school". |
Anonymous
Yes, I understand. However, situations vary as do individuals. Neither you or I know much about OP's son other than what can be gleaned from the original post in this thread. Let the admissions officers at Stanford GSB, Yale SOM, NYU-Fuqua, and other elite M-7, Top 10, Top 15, or Top 20 MBA programs decide whether or not OP's son will fit into their program now or in two or three years. Certainly, MIM and Specialty Master's degree programs are highly likely to accept OP's son with merit scholarship money. If OP's son is ready for more education, then that may be the best route for him. |
Anonymous
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It is much more difficult to leave a job paying above $140,000 a year for two years of MBA school. The opportunity cost in terms of lost salary & benefits and promotion likelihood raises the cost of earning an elite MBA up to $600,000. Tough to go to school when earning $150,000 or more per year in salary & benefits not to mention bonuses.
Recently, I read an article which showed the average annual salary being sacrificed by those entering elite MBA programs. |
Anonymous
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The opportunity cost to attend a top 5 MBA program is substantial:
The typical salary--does not include bonuses or fringe benefits--for those attending a top 5 MBA program is noteworthy: Pre-MBA salary for those attending: Stanford--$124,000 per year salary Harvard--$121,000 Penn-Wharton--over $116,000 Chicago-Booth--$113,000 Northwestern--Kellogg--over $110,000 The typical opportunity cost for one to attend Stanford GSB is roughly $300,000 for 2 years of lost salary, bonuses, & benefits. The annual COA at Stanford GSB is over $130,000 per year. Total opportunity cost to attend Stanford GSB, therefore, is typically over $560,000 for the 2 year program. Based on Stanford GSB most recent entering class, OP's son has substantially higher GMAT score and substantially higher undergraduate GPA. Getting admitted to Stanford GSB is tough. OP's son is a strong candidate for either immediate or deferred admission. At those schools which offer merit scholarship money, OP's son should be quite competitive based on his numbers and on his STEM background. (We do not know whether or not OP's son will qualify for need based financial aid at this time.) This information is intended for OP & for OP's son to use in their assessment of whether or not to proceed. If OP's son wants to earn a STEM MBA, then I would add CMU-Tepper to his list of target schools. |
Anonymous
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If OP's son applies to elite MBA programs, the admissions folks will focus primarily on his numbers--which are outstanding. Some may also focus on lack of post undergraduate full-time work experience, but offer deferred admission.
OP's son has been very successful thus far having been admitted to several very prestigious universities, but opting for a full scholarship option to a lower ranked school. What if OP's son decideds to wait a few years before applying to MBA programs even though he feels ready now ? His current strengths--GPA & GMAT--will receive less consideration and he will be assessed on his work experience in areas such as progression and leadership. What if these are weak ? The most selective schools buy promise. Right now OP's son looks like a very promising candidate. That could change. |
Anonymous
| Wait, so your son has been unemployed since May and now wants to apply for an MBA? Not going to happen, sorry. |
Anonymous
I should have explained why not -- MBA programs will know that this is your son's contingency plan because he couldn't find a job. Who would want to accept someone in that situation when there are hundreds of well qualified people who have a reason for wanting an MBA other than "well I couldn't find anything better to do"? |
Anonymous
Clue here that you don't know what you're talking about. NYU's business school is Stern. Fuqua belongs to Duke. |
Anonymous
Exactly this. I get resumes of people who went to a less prestigious business school straight out of college. That person has less work experience than someone who worked 2-3 years before going to business school. They're less likely to get the level of job that I am hiring for. |
Anonymous
We can glean that he has no work experience. How would you propose that be addressed during admissions interviews? And you didn't answer the question...who exactly is trying to "deny OP's son," as previously accused? |