MIT Sloan (150-250k) or BU OMBA ($25k)
I have about 6-7 YOE and am a lead developer/analyst at a large financial services company making $150-200k with base and bonus and just over 200k with profit sharing/401k match into my retirement. I also have a master’s in analytics. I’ve always wanted to pivot into the business side (research, PM, etc.) and am not sure which MBA makes sense for me as the money will probably follow even without an MBA with experience. But the networking and leadership potential skyrockets with an MBA.
With that context, MIT announced they are going to offer a PT MBA program going forward but it will cost the same ($$$). I was admitted into BU’s $25 OMBA program so I’m stuck at a crossroads. I would love to chase the prestige/best jobs however I already have a mortgage and it feels silly to take out loans for something when I could get my BU MBA for almost free after employer tuition assistance. What path makes sense for me? I plan on working in the Boston area, likely in financial services, my whole career. Things can change, but the prestige, opportunity, and career outcomes that could come with a Sloan MBA is giving me pause. Looking at the career outcomes it’s not THAT much more money than I’m making now but long term it could be exponential.
Thanks so much for any advice you can provide!