Reply to What are you doing with your MBA?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I went to a top 5 (Ivy League) business school.  Hugely worth it for me coming out of a liberal arts undergrad with 2 years of work experience.  Have been in consulting my whole career, now on my own.  Have been earning in the mid 6 figures the last decade.  Currently work less than full time, have tons of flexbility, and still in that earnings range.  Some/many of my classmates have done way better of course - but most ended up in NY post graduation and that wasn't a path I wanted to take.  I don't regret the MBA for even a minute, and I paid for the degree myself.
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Mid 6 as in 500,000? That's solid...[/quote]

Yes - it's been between $400-600 the last few years, dropped to $300 in 2009 at the depth of the recession because we got no bonuses. [/quote]

Got no bonuses working for yourself? Or are you now on your own due to he recession (which was actually pretty hard on consultants)[/quote]

In 2009 I was still with a company. We did get bonuses again in 2010. In our business bonuses were about 40% of total comp. I do have a few partners now so am not solo.

We left for a lot of reasons, some of which were the direction the business was taking post recession. We have much more pricing flexibility now which allows us to work with the clients we want to work with. We don't need to support a legion of hungry associates or feed money to the corporate entity. Our overhead is low, although we try not to be too cheap. But it's amazing how little infrastructure you need these days for a consulting business. Lots of admin services are available a la carte. [/quote]

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