07-18-2006, 07:28 AM
I think you should definately give it a go but you may fine it relevant if you have got some solid work experience, over 700 GMAT, and spotless references from credible and qualified sources.
What you may find fascinating is recruiters in London usually prefer someone with an extra 2 years of experience than a MBA from any of the ivy-league school. Lets be honest that while you are at the business school you don't really learn much. As I have said before on some occassions, the whole point of going to top institutions is to develop a healthy and solid networking circle. These circles would land you jobs in the long run. An MBA or any degree for that matter from any of the world's leading institution would perhaps just get you to the first round interview stage. Also, your grades don't really matter too. (and all of this is based on personal experiences)
Agreed with Pracs that salaries would depend on your background rather than degree itself. Also, not all business schools are famous / 'target' for all professions. For example, someone in the Finance sector should avoid Harvard. Whereas, someone in the strategic consulting arena must avoid Wharton or LBS etc.
I think if you come from an MBA background, basic salaries in tier 1 investment banks in the London would be somewhere around £45k to £55k, with £15k-£25k sign-on bonus and some discretionary year end bonus of upto 0% to perhaps 75% of your basic salary. These may look a very good package but to earn this much isn't easy. You may have to work up to 100 hours a week with majority of week ends in the office.
DT
What you may find fascinating is recruiters in London usually prefer someone with an extra 2 years of experience than a MBA from any of the ivy-league school. Lets be honest that while you are at the business school you don't really learn much. As I have said before on some occassions, the whole point of going to top institutions is to develop a healthy and solid networking circle. These circles would land you jobs in the long run. An MBA or any degree for that matter from any of the world's leading institution would perhaps just get you to the first round interview stage. Also, your grades don't really matter too. (and all of this is based on personal experiences)
Agreed with Pracs that salaries would depend on your background rather than degree itself. Also, not all business schools are famous / 'target' for all professions. For example, someone in the Finance sector should avoid Harvard. Whereas, someone in the strategic consulting arena must avoid Wharton or LBS etc.
I think if you come from an MBA background, basic salaries in tier 1 investment banks in the London would be somewhere around £45k to £55k, with £15k-£25k sign-on bonus and some discretionary year end bonus of upto 0% to perhaps 75% of your basic salary. These may look a very good package but to earn this much isn't easy. You may have to work up to 100 hours a week with majority of week ends in the office.
DT
