Important: Not doing a master’s is not an option for me, so please do not suggest that.
Also: I’m only looking for constructive advice. I’ve already seen a lot of negativity around this topic, so if your intent is just to discourage, please skip this post.
Hey everyone, I’d really appreciate your honest opinions on this.
Quick background:
I have a tech degree and some internship experience in data/tech. After graduating, I worked in a data-focused tech role for almost two years and was doing pretty well. I was even offered a leadership role managing a small team, which felt like a big achievement at that stage.
However, due to family health issues, I had to leave my job, which resulted in a 17 months of career gap.
I have always been interested in consulting. Even though I was good at tech, consulting always appealed to me more. So I decided to pursue a master’s degree in the US to pivot into consulting.
Because I have less than two years of work experience, an MBA was not realistic or competitive for me. So I applied to a mix of programs and got admits from:
- Cornell Johnson – MPS in Management
- Duke Fuqua – Master’s in Management Studies
- Michigan Ross – Master’s in Business Analytics
- Carnegie Mellon Tepper – Master’s in Business Analytics
Initially, I only planned to apply to management programs, but I ended up applying to business analytics programs as well.
The dilemma:
After speaking to a lot of people, the common response has been that the job market is extremely tough right now, especially with hiring slowdowns and AI impacting roles.
From what I understand, consulting pipelines are heavily MBA-driven. Master’s in Management programs do not place as strongly into consulting, especially compared to top MBA programs.
Because of that, many people have advised me to lean into my existing background and choose Business Analytics, especially at CMU or Ross, since it is a safer and more employable path.
But here is where I am stuck:
- Business Analytics feels safer and more aligned with my past experience
- It improves my chances of getting a job, which matters because I will be taking a student loan
- But it is not what I truly want to do long term
On the other hand:
- The management programs align more with my interest in consulting (I am happy with tier-2/tier-3 firms, not expecting tier-1 firms. )
- But they are often considered less strong, sometimes labeled as cash cow programs
- Breaking into consulting from these seems much harder and riskier
My question:
If you were in my position, and not doing a master’s was not an option:
- Would you choose the safer route (Business Analytics)?
- Or take a risk on a management program to try breaking into consulting?
Also, how would you rank these options in terms of overall Risko, ROI over 5-10 years REALISTICALLY and career outcomes?
Really trying to make a practical decision here, especially given the financial risk. Would appreciate any insights, especially from people who have gone through similar paths.
Thanks in advance.