07-25-2006, 07:14 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by derivativetrader</i>
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You need to be a professional before you go in for an MBA, say you work in a Bank in operations or Credit etc. then go in for an MBA
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Pracs, you got the essence of the issue but just a small thing I would like to add here. As you would agree that competition for some handful amount of places on these MBA programmes is fierce, it takes a lot more than accademic background. I think to give someone the best chances you have got to be in the most competitive dept of the bank, for example. Operations dept. is perhaps the least competitive of the depts and so is perhaps Credit. Whereas, if you meant credit trading that's something different.
I think usually people do MBAs for career change (especially applicable in Europe where MBAs are not that famous as compared with North America). Also, people usually get into ivy-league colleges if they have experience of M&A or other similar advisory areas. As then they could make a transition into Private Equity shops to make a handsome future.
DT
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No arguing with that DT,, well after all you are an LSE graduate yourself so you are the most qualified person here to comment on this.
You are right about being 'the bread earner' of the industry you work in, that is the only reason people stay in Accounting firms because they feel they are the 'bread earners' and really matter (and perhaps get the skim of the top) ofcourse you get the 'cream' only when you are a Partner !!
<br /><blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote">
You need to be a professional before you go in for an MBA, say you work in a Bank in operations or Credit etc. then go in for an MBA
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Pracs, you got the essence of the issue but just a small thing I would like to add here. As you would agree that competition for some handful amount of places on these MBA programmes is fierce, it takes a lot more than accademic background. I think to give someone the best chances you have got to be in the most competitive dept of the bank, for example. Operations dept. is perhaps the least competitive of the depts and so is perhaps Credit. Whereas, if you meant credit trading that's something different.
I think usually people do MBAs for career change (especially applicable in Europe where MBAs are not that famous as compared with North America). Also, people usually get into ivy-league colleges if they have experience of M&A or other similar advisory areas. As then they could make a transition into Private Equity shops to make a handsome future.
DT
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
No arguing with that DT,, well after all you are an LSE graduate yourself so you are the most qualified person here to comment on this.
You are right about being 'the bread earner' of the industry you work in, that is the only reason people stay in Accounting firms because they feel they are the 'bread earners' and really matter (and perhaps get the skim of the top) ofcourse you get the 'cream' only when you are a Partner !!
