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For consultants, think about the mechanics of getting accepted to HBS. You need a partner to give you an LOR. That speaks well for your ability to get promoted. These analysts rise without an MBA or leave for other ops.

I think you're referring to a subset of FinServ (i.e. banking) with homogeneous roles aimed at MBAs. Again, if you get into HBS, you're qualified/networked without needing the MBA. The banking cohort isn't as pedigree focused as other niches within FinServ.




Maybe they would rise. In that case, why do they feel the need to do it?




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