<p>Hey, After undergrad I want to work 5 years as an IB Analyst in order to save about $160000 for business school. I am looking to go to Harvard or Northwestern for my MBA. Does anyone have any advice? Comments?</p>
<p>First of all, most analyst positions are only for 2-3 years, where you will make 80-100k per year including bonus. Second of all, you may not need to save much money, as many firms will reimburse your MBA tuition upon returning to that firm.</p>
<p>thanks! big help</p>
<p>do firms usually allow you to leave to go to MBA school full-time, or do you have to work part-time and go to night school for MBA?</p>
<p>Well, a lot of people go to business school because they want to change careers, so they don't need a firm's permission. But if they intend to come back but they want to do a full time MBA, usually they will try to work out some kind of deal with their firm where they'll get the degree reimbursed if they promise to return. </p>
<p>An option for those who don't want to leave work is to do a part time MBA, where you work full time during the day and do the MBA a couple of nights a week and sometimes on weekends. It usually takes 3 years instead of 2, though.</p>
<p>arturius: the 80-100 K per year...is that an average salary for right out of college?</p>
<p>sorry for not knowing this, by why do analyst positions only last 2-3 years? what do people do after that then?</p>
<p>It's really hard to save $32K a year right out of college. Heck, it's not easy to make $32K a year right out of college.</p>
<p>Apply for a lot of jobs, and commit yourself to working hard, learning a lot, and spending little. Living with Mom and Dad is the easiest way to save money. Sobriety helps as well.</p>
<p>In Wall Street bulge bracket analyst jobs, it is fairly common to make 80-100k per year right out of college. </p>
<p>Two caveats, however:</p>
<h1>1 - it is extremely competitive to get those jobs. The vast majority of applicants will not land such jobs</h1>
<h1>2 - These jobs are extremely intense. You are basically giving up your life to be taking these jobs. 80 hour work weeks are typical, and 100+ workweeks are not uncommon.</h1>
<p>80 hour work weeks! 100+ hour workweeks not out of the question! Sounds a lot like my high school lol.</p>