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Need an MBA to climb the ladder?

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It's all in the title .. Do people in PE need an MBA to get promoted to Principal, Partner after the associate stint?

It's a bit unclear what happens after the associate level, you do 2 years in IB as an analyst, 2 in PE as an associate, and then what? do you need to get an MBA to be able to come back and get promoted?

Keen on hearing what you think.


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