| Topic Name: |
3 yrs of I-banking enough for Associate in McK Corp. Fin. dept |
| Message Name: |
Do-able |
| Date Posted: |
02/28/2006 |
| In Reply To: |
You really need an advanced degree to become an Associate. As other posters have said on other threads, that doesn't need to be an MBA. Given the brief description of your background, I'd say you should think about getting an MBA from a top school (and not Wharton, since you're already a banker).
Sure, an MBA costs $100K, but it is a great life. Key reason to do it is that it will significantly increase your option value (which means McKinsey, as well as other opportunites). |
| Message: |
Looking at the McK stats - about 8% of consultants have an undergrad degree as the "highest level of education". Therefore I guess its difficult but not impossible. About 46% have an MBA.
In particular for some of the practices, your experience is enough - in London I know people who have joined the corporate finance practice as junior associates with 3 years experience in banks (from undergrad). The US doesn't have a JA position so it might be trickier there
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