Is MBA worth it?

[Ja Rhule]

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?

[Happy Panther]

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.

[Ja Rhule]

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

[thefuzz]

100K?

 

Why?

 

I wouldn't but to each his own.

[Ja Rhule]

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.

[bLACKpANTHER]

hell no it's not worth it..

 

http://thelead.blogs.cnn.com/2013/05/31/expert-college-is-not-worth-it/

 

I have my bachelors, just FYI

[pstall]

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.

[Ja Rhule]

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.

[Scrumtrilescent]

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. 

[Ja Rhule]

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

[Anybodyhome]

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. 

[Niner National]

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.

[Ja Rhule]

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.

The 11-12 number is supposedly highly understated. And no, the impact not felt yet. Many current illegals work on farms, construction, cleaning house and construction sites, factories, and some other jobs that normal americans wouldnt do.They make minimum wages and some get for production basis which is less than minimum. When these illegals become legal, they'll be able to compete with low wage employees like air ports crews, mechanics, fast food, servers, mall clerks and etc. They will accept minimum wages. Then another waves of illegals will come to do work of illegals that became legal. Supply and demand...

[Niner National]

The 11-12 number is supposedly highly understated. And no, they impact not felt yet. Many current illegals work on farms, construction, cleaning house and construction sites. They make minimum wages and some even get for production basis which is less than minimum. When these illegals become legal, they'll be able to compete with low wage employees like air ports, mechanics, fast food, servers, mall clerks and etc. They will accept minimum wages. Then another waves of illegals will come to do work of illegals that move up. Supply and demand...

With the exception of farm labor, most illegal immigrants do not make minimum wage or less.

 

During the housing boom my friend's dad had to pay the illegal immigrants $10+ per hour to keep them from leaving for other contractors that were paying that much or more.

 

Keep in mind that wages and economic conditions in other countries are getting better. in 2000, Mexico's GDP per capita was $9,100. in 2011 it was $14,800. If you are making $10-15,000 a year in Mexico, what is the incentive to come to the U.S. and work for minimum wage or sub-minimum wage.

 

Unemployment in Mexico is high, but unemployment among people without high school educations in the U.S. is exceptionally high too. Throw in the language barrier and that is another strike for a job seeker.

 

There isn't really much incentive to come work in the U.S. unless there is a huge building boom. Construction in the U.S. has been steady lately, but it is nothing like it was in the past, removing much of the incentive to move here. People aren't flocking here like they used to.