<p>I am just wondering.. a lot of those who get accepted to top B Schools hold a steady decent job at nice firms (eg big IBanks, good engineering companies??).. why would they bother get an MBA instead of continue working? Is an MBA that necessary for someone to progress? Is it a pre requisite these days to move up the ladder?</p>
<p>And, aside from the usual GMAT, work experience.. do B-schools (top top ones) care about diversity (eg no. of countries represented)..</p>
<p>and.. how do internationals usually get loans to pay for their MBAs? I'm just wondering..</p>
<p>Engineers have good starting salaries for undergrad but their salary tends to top out pretty quickly. Engineers rarely have the upside potential that an MBA will have.</p>
<p>As for Ibanking, I wouldn't describe it as a "steady decent job"..it's a job that requires tons of hours and people tend to get burnt out from it quickly. The former I-bankers that I know returned to business school for a career change. Although, I'm sure there are other reasons also.</p>
<p>B-schools do care about diversity.</p>
<p>i second vectorWega's comments. Also, I think in a rough economy, with some layoffs, even senior people in financial services can be out of jobs quickly, business school gives them some more career flexibility and incredible recruiting opportunities.</p>
<p>Thanks for the comments.. Hmm.. How long do graduates of top 10 MBA graduates pay off the loans of the 2 years getting the MBA? (assuming that they borrowed the full cost of the program and living expenses of the 2 years)</p>
<p>Would a MBA definitely secure such a high paying job? What I mean is.. would it worth the risk to take a loan of 150000?</p>
<p>MBA from a top school is >> Masters in Engineering from a top school?</p>