<p>So I've heard that people in finance who graduated from a top undergrad business school don't really need their MBA because they can still move up fairly well, while people in consulting typically do need their MBA. Is there any truth to this? Do most people in finance not get their MBA if they came from a top business undergrad? What other fields are like this where you typically don't need an MBA to move up?</p>
<p>Accounting (Big 4).</p>
<p>^ btw, whether or not you would need/want an MBA would have more to do with the career you choose than your undergraduate major (obviously, your selection of choices is influenced by your undergrad background). If I had to guess the top two undergraduate majors of MBAs, I would say economics and finance.</p>
<p>Sales & Trading. An MBA is basically useless for this field.</p>
<p>I talked to a senior financial analyst at Intel and he claims that though the MBA is a strong degree from certain schools, he would prefer to hire MFE, MA Econ graduates just because they have excellent quant skills compared to a broader depth MBA. This is just one person, but that's his take on things.</p>
<p>People who are amazing at what they do and aren't searching for something better generally don't need an MBA. An MBA is generally worthwhile when:</p>
<p>a) your job is mediocre; or
b) you are mediocre at your job</p>