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Is MBA worth it?

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Posted · Report post

I'm thinking about going back to school for MBA in finance. Will cost me around $100k. Is it worth it? Or has MBA become worthless?

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Posted · Report post

Depends on what you do. Some careers demand an MBA. But the common thought today is an MBA from a top school is valuable but for 2nd tier schools you are losing money in the long run.

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Posted · Report post

I'm currently a senior accountant but prefer to get into more financial strategy position at some multinational company.

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Posted · Report post

100K?

 

Why?

 

I wouldn't but to each his own.

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Posted · Report post

Wake Forest MBA is 40k a year. UNCC is 10k a year. Duke 50k a year.

It seems like 4 year degree is becoming a joke.

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Posted · Report post

MBA's don't have the same value anymore. tell me what job you will for sure get in the next 5 years that will allow you to repay that back?

 

also, what % pay wise are you looking at now with what you have vs what you get with the MBA? if its over 50% then maybe it can be considered.

 

lots of folks right now are looking for jobs with MBA's. the student loan they took out is still wanting payment so think about that. if your company will foot the entire bill then go for it but be aware of possible strings attached to stick around X # of years.

 

give me quality of life over chasing the rabbits all day long.

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Posted · Report post

Well, my ultimate goal is to get phd so I might have no choice but to go for MBA. Plus many old farts baby boomers projected to retire in next 10-15 years and with Obama legalizing close to 20million illegals with no education will cause a fight for lower wage jobs.

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Posted · Report post

If you are truly wanting to go into international business, don't look anywhere but the Moore School of Business. 

 

 

 

Then you'll be a Cocklover like me. 

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Posted · Report post

I'd apply but 70k a year is lil too pricey

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Posted · Report post

I asked my wife this question when she went back to get her MBA in 2008. She was already a COO making close to 6 figures, and we're in the middle of a move now for a position she earned with an 18% increase in compensation.

 

Her MBA certainly didn't cost $100k, more along the lines of about $40k thru the UNC system where she got her undergrad back in the late 80's. She went to school from 2006-2008 to get the MBA and went to class twice weekly and average work load was about 30 hours per week on top of her 50-60 hours a week on the job. 

 

I didn't see her for about 2 years, and I'm still not sure it's worth the money or the time commitment, but it was something she wanted to do. And it was either that or flying lessons so she could get her private pilots license..... the MBA was cheaper. 

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Posted · Report post

Well, my ultimate goal is to get phd so I might have no choice but to go for MBA. Plus many old farts baby boomers projected to retire in next 10-15 years and with Obama legalizing close to 20million illegals with no education will cause a fight for lower wage jobs.

It is 11-12 million and those people already have lower wage jobs. Their impact is already felt by the people at the bottom. Making them legal isn't really going to change that.

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