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Are The Benefits of Business School And An MBA Worth It?
Manage episode 457817331 series 2794666
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The thought of going back to business school appeals to those who want to boost their income and advance in their career. However, business school can cost anywhere from $20,000 to $150,000 per year, so it is critical that the benefits of business school will outweigh the costs. Even the average cost of $60,000 is too expensive to "find yourself".
If you're thinking about going to business school to get your MBA, you should do so with specific purpose and be working to realize specific benefits. You need to have a specific ROI on the investment in your education.
Is going to business school and getting an MBA worth it? Maybe.
I received my MBA and I can honestly tell you that it was only worth it because it was partially-paid for by my employer. The true out-of-pocket cost of $80,000 would probably not have been worth it.
With that being said, these are the questions that you should answer before pursuing an MBA.
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