Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Interview Partners to connect and practice with!
Back to overview

Stay on as Associate or pursue an MBA - McKinsey

Hi guys,

 

Should I go for an MBA (sponsored) or stay and probably climb up to to EM during the same timeframe? 

 

What would be the deciding factors in your experience?

 

Additional info: I’m 29, promoted to Associate in a few months hopefully, planning on staying in consulting for a couple of years still.

 

Also I have heard of firms who offer to hire you away when you come back from MBA and pay McKinsey what you owed them for tuition. How often does that happen in your experience?

 

Thanks for your help guys!

6
3.1k
38
Be the first to answer!
Nobody has responded to this question yet.
Top answer
Rami
Coach
on Jul 31, 2022
Ex-BCG | 100+ coachings & interviews @ BCG | I will teach you the core skills needed to ace your fit & case interviews

Hi there,

Great question - my partner experienced a similar situation recently. The key question here is: what is your priority at this stage of your life? More specifically:

  • Are you looking to stay in consulting?
  • How important is the pace of career progression / promotion for you?
  • How much do you need a break from consulting right now?
  • Are you looking to pivot externally?
  • Do you know what you're looking for or do you need time to explore?
  • Can you get the opportunities you want directly post-consulting without an MBA?
  • Do you need new skills / certifications to legitimize your move?

I would first reflect on the above to have more clarity before making a formal decision on the MBA. Bear in mind that consulting typically offers quicker career progression than industry, so a few more years in consulting can help you land a more senior role elsewhere. Others also argue that the more senior you get in consulting, the more difficult it is to pivot elsewhere given you always work in an “advisor” capacity rather than a “decision-maker” capacity, with limited implementation-related experience needed by industry.

Many industry firms (especially tech) indeed offer attractive post-MBA sign-on bonus / packages that pay a big chunk of your tuition. It's a good factor to keep in mind if you consider taking the sponsorship from your firm at the start, and then paying it back afterward if you decide to pivot during / after your MBA.

Hope this helps!

Rami

on Jul 31, 2022
#1 rated McKinsey Coach

Hi there, 

Interesting situation. Honestly, my take on this is that it's only worth doing an MBA to get fast-tracked to Associate, not once you're an Associate already. 

If you're planning on leaving consulting at some point, firms are likely to pay a lot more for your EM skills rather than the skills you gained during your MBA. 

Best,

Cristian

Deleted user
on Aug 01, 2022

Hello,

I also agree with Christian that an MBA is most useful in order to get promoted to Associate, if your goal is to stay in consulting for a while.

However, ultimately, this is a very personal decision. What are your goals and priorities? Are you looking to stay at your current firm for a while, or change firms/industries at some point?

7
Ian
Coach
on Aug 01, 2022
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

Hi there,

I agree with Christian that it's more worth it before you're an Associate.

That said, there are benefits in that it's fully paid for. The MBA can add credentials to you, serve as a nice break from consulting, and build out your network. Just remember that you're locked in to work with them for multiple years after, and it will have actually set back your career progression (within McKinsey)!

Ashwin
Coach
on Aug 07, 2022
Bain Senior Manager , Deloitte Director| 200+ MBB Offers | INSEAD

Hey there , 

This would be a very personal decision  but I would recommend you evaluate MBA as a long term investment which opens up career opportunities in other industries. 

Thanks 

Ashwin 

Clara
Coach
on Jul 31, 2022
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

I did an MBA after McKinsey in MIT Sloan, non-sponsored, that is a 3rd way to the problem you are proposing (so you don´t owe anything and aren´t obliged to come back). 

PM if you want to chat about it!

Hope it helps!

Cheers, 

Clara

Similar Questions
Consulting
Just did the Mckinsey Solve Game (January 2025) - got some questions/insights
on Apr 24, 2025
Global
5
4.3k
Top answer by
Hagen
Coach
#1 recommended coach | >95% success rate | 8+ years consulting, 8+ years coaching and 7+ years interviewing experience
43
5 Answers
4.3k Views
+2
Consulting
McKinsey background check
on May 31, 2024
Global
10
3.1k
Top answer by
Ex-McKinsey |5y consulting experience | Specialization in Psychology | Proven holistic mentor
64
10 Answers
3.1k Views
+7
Consulting
McKinsey PEI - Same incident/story for Courageous Change and Inclusive Leadership
on May 28, 2024
Global
7
2.9k
Top answer by
Hagen
Coach
#1 recommended coach | >95% success rate | 8+ years consulting, 8+ years coaching and 7+ years interviewing experience
84
7 Answers
2.9k Views
+4
How likely are you to recommend us to a friend or fellow student?
0 = Not likely
10 = Very likely
Thanks for your feedback! Your opinion helps us make PrepLounge even better.