Data scientist —> MBA? Grass greener on the other side ?
I'm a 28-year-old guy currently employed as a data scientist at a Fortune 500 company, earning a respectable annual salary of 24 lakhs. Lately, I've been contemplating pursuing an MBA, but I haven't initiated my GMAT preparation yet. I'm wondering if it's a wise move to transition my career in this direction. I've heard that individuals with a tech background who graduate from IIM/ISB might need to begin their careers anew, typically with a salary in the range of 27 to 28 lakhs. Can you confirm if this is accurate?
Work experience is > MBA for sure.
So you are agreeing to the fact that I’ll have to start as a fresher post MBA ?
Most likely. This is my opinion
Why do you want to pursue an MBA? Do you have a specific reason or doing it just because it's the obvious next step in life
Was always fascinated by consulting. But I could never act upon it until now. Also is it too late for me to go down that road?
P.S: I know consulting isn’t rosy and has it’s own share of problems.
I'd also like to know the same. I am a bit older though.
If you are considering doing an Indian MBA and if you are purely focused on salary driven ROI, I think you might be disappointed. ROI is important, but isn't the only factor. The important question to ask yourself is what do you want to do in your career in the long term. The way I'd recommend you do this is by visualizing the path of a data scientist and that of a consultant (speak to more people if you dont already know enough here), the daily tasks, what problems you'd be solving, and try to guess what excites you more. If money is driving your choice, I can assure you that you'll make just as much, if not more money in your path. If you want to experience something new, then what is that, and is an MBA the best way to get there.
Once this visualization exercise is done, then you'd figure what you want out of your MBA. At 28, it might be in your best interests to perhaps consider applying to a global mba for the slew of benefits it will bring. However, it's not a completely rosy picture (disclaimer: I am an mba admissions consultant and coach people towards a global mmba admit if it makes sense for them). You might also want to factor in your personal circumstances such as being open to leave india, family, friends etc.
Hope that helps.
What exactly is a Global MBA in the indian context? Or is it something that exists mostly only abroad? Where can I avail your services?
Thanks for sharing. Is there a way to connect with you?
Try to make more money by finding your leverage in this industry. Try going deeper than going wide.
Essentially, choose an industry and a sub-field of Data Science and then sell that experience hard.
This will; ensure that your abilities and value offering is valued equitably and fairly on the basis of specific value creation.
MBA sounds like a good plan but the opportunity cost at your age is too much. I know 3 people at your age who started their own company and scored a great seed round from a Tier-1 VC firm, they had an undergrad degree only.
Do you think 1 year MBA is good and worth it, in terms of network/career growth/placements?
@NiceWork It could possibly be a good bet if you don't have other credibility stamps yet.
Stick to the job and go for executive mba