<p>Seems like almost all the threads in here are about getting a job at an investment bank, or how to get into an MBA program with a job in investment banking. </p>
<p>I'm gonna be graduating in May, have a job already down in NYC, and would like to start an MBA in the next two or three years. I know NYU has a part time program, and just wanted to hear of anyone that had an input or experience on the topic.</p>
<p>Thanks</p>
<p>Part-time programs are obviously less expensive because you can work while getting your MBA. YOu will also be more likely to find an employer who will subsidize your MBA if you do it part-time as opposed to full-time (very few employers these days will sponsor people for full-time MBA's, because that means that the employee will not be able to do much work for the company for 2 years).</p>
<p>However, the major issue with part-time programs is that you lose out on much of the real value of the MBA, specifically the networking and recruiting. Much of that happens during the daytime. It is that that will really help you to get into a top Ibank).</p>
<p>So I would say that if you are really shooting for Ibanking, and particularly Goldman, you should go to a full-time program, because you want to give yourself the maximum chance possible to getting that job. Besides, the fact is, if you are going into Ibanking, you will make sufficient money such that you will quickly be able to make back whatever money you lost by choosing a full-time program as opposed to part-time. </p>
<p>Don't get me wrong. Part-time programs definitely have their use. For example, if you want to stay with your current employer but want to move up, then you don't really need the networking and recruiting that a full-time program provides. If you plan to get into a relatively unlucrative line of work (i.e. working for an NGO), then it may make sense to be conservative with your money. And yes, there are some part-time MBA people who do get into top-line banking. For example, NJ Governor Jon Corzine did his part-time MBA at Chicago and eventually got into Goldman (but only after working for some commercial banks for a few years). Nevertheless, I still think it is safer to choose a full-time program in order to maximize your chances. To get into Goldman or another bulge-bracket, you need all the help you can get.</p>
<p>Maybe I should provide a bit more information. I'm already in at Goldman, I want to do a part time MBA to learn more.</p>
<p>I see.</p>
<p>Well, if you're in an actual finance function in Goldman (not, say, information technology), then I would be surprised if you have any time at all to pursue much of anything out of work. And frankly, even if you did, you probably wouldn't want to anyway. You'd probably learn more by just working more than you would in an MBA program.</p>
<p>Now, if you're in one of those auxiliary functions at Goldman (i.e. IT), and you actually want to transition to a finance function, then the same analysis applies as above.</p>
<p>Business school is very team focused. If you are in a part time program you lose that since your cohorts are all working too, it's a lot harder to get diversity if you all are coming from the same general area. Also, you won't be able to make the same relationships as in a fulltime program and be able to join the clubs that are prominent at top business schools.</p>
<p>Part time programs are great for those who are not career changers but just need the stampmark to get into higher positions within their company.</p>
<p>I got an MBA from NYU many years ago but I remember that most of the classes were in the evening because so many students were working. When I got my MBA 20 years ago about half the students were part-time students with jobs.</p>
<p>I too got an MBA from NYU, but about 25 years ago. (Yipes.) At that time about half of the students were PT. Since then, however, NYU has beefed up its FT and reduced its PT. This has improved its ranking, and it has also meant that getting in PT is no longer a sure thing. They've gotten -- horrors! -- selective.</p>
<p>Many business schools offer an executive MBA. These are company-sponsored programs. I got an MBA from Columbia way too long ago, like the posters above. Mine was a standard MBA. The Columbia program participants meet on Fridays and some weekends (if my memory is correct and they haven't changed). They take 16 credits instead of the standard 20You get the benefit of working with classmates as team mates too (very important for MBA education!) and you get to go for free on company time. See if you can get sponsored into one of these programs by Goldman.</p>