Making $200K in CPG. Is an MBA still worth it?
Trying to get outside perspective on this
Background:
- 10 years in CPG, including effectively functioning as the GM of a nationwide brand. Focus primarily on sales / finance / strategy
- Currently work on a fractional capacity, mostly for brands, but have worked with family offices, PEs, and VCs for due diligence. I work for myself so the $200K feels a lot less than $200K
- 3.3 undergrad GPA from a top 10 school, 4.0 senior year
- Haven't taking the GMAT yet, but practice tests range 750-770. Regardless, I think I'll clear 700
Goals post-MBA:
PE investing in consumer
Portfolio ops at a fund holding consumer brands
Consulting
Corp dev or strategy at a large CPG company
Where I'm stuck:
I'm pretty comfortable where I am now, but also tired. I work for myself and have pretty good WLB (although this really depends on how many engagements I'm working on). I also have decent traction with my clients, sometimes turning down projects due to workload. The cost of MBA tuition is high and I'm worried that I'd lose momentum if I leave to go to B school.
At the same time, I like the idea of having an MBA, especially if it's from a top school. Then again, I don't think educational pedigree is that important in CPG; about a third of the people I interact with regularly went to a CC or didn't go to college.
I think the only guaranteed outcome where I would make more money is if I go into PE, but the chance of that is pretty low. While I could jack up my consulting rates if I get an MBA, it would hurt me as well since I mostly work with small brands.
Based on my goals, what schools should I apply to? What kinds of programs should I go for (part time, evening, full 2-year, etc.)? More importantly, should I even bother?
Would love to hear from people who did an MBA after already making decent money and from anyone in consumer growth equity or portfolio ops in particular.
Thanks!