A question regarding the need of an MBA in analytics

Hi all,

This question is for people who have been in this field (any form of analytics) for a few years.

My background (You can skip to the next section and jump back for reference here): Role: Data Scientist/Analyst Tech stack: Python (ML), SQL, Tableau YOE: 2 years Work: Started here as a fresher. Being in a service based company, we offer analytics solutions. I have worked to create a clients data pipeline(No code tool), to maintaining it, creating dashboards (Primary task) and ML models (Based on any major change in metrics). Salary: On the lower spectrum (Definitely!)

Reason for this post: I would call myself good with tools but lacks industry knowledge and the maturity to actually be in analytics. I do decent, but I have to depend on my manager sometimes to understand the business and provide correct solutions. But I guess that is how it is in case of any fresher starting out?

Question: Is pursuing a 2 year MBA (Targetting only Tier 1 colleges) a good idea for someone who is already working in analytics for 3 years (by the time I join an MBA program)? Please share your thoughts.

Context to the question: I've discussed with someone who did their MBA and works in analytics for a bank now. And according to them, the best way to progress in analytics is to choose a domain and stick to it. And to reset my career, I should do an MBA. This will help me get an understanding of all the domains, improve my soft skills (and time management, etc.) and also give me a good place to start fresh. And they say it will help me in the future as well, as it gives me a very good alumni network.

I'm considering this because of my ability to network has not been that great and also to get the domain knowledge they said I'll be getting. But is it really worth it considering I lose 2 years salary, and salary growth and also have to spend a big amount.

Thanks in advance to anyone who replies!