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As you said, an MBA is an investment. But as this is one of the biggest investments that you will ever make in your career, let's take a closer look at the tuition fees:
Oxford MBA = £37,750 Cambridge MBA = £ 36,000 LBS MBA = £57,500
I quickly went to each school's website to obtain the tuition information, so please correct me if there are any errors. But looking at these numbers, I really don't see what the problem is. In the grand scheme of things, is the difference between £36,000 and £57,500 going to make any difference?
As mentioned already, this is about the rest of your career - the rest of your working life. And that's something worth more than worrying about a couple of thousand dollars. If the figures above are correct, then this shouldn't be one of your major concerns.
If this is what's holding you back from choosing LBS, then for God's sake choose LBS! It's worth the price. _________________
I'm going to approach this a little differently because I don't think listing the tuition fees captures the bigger picture:
- Tuition Fees - LBS MBA = £57,500 Oxford MBA = £37,750 Cambridge MBA = £ 36,000
- Average Living Expenses - LBS (two years)= £39,360 (£1,640 a month ave) Oxford (one year)= £12,500 Cambridge (one year)= £8,500
Without counting the difference in travel/material/opportunity costs between the one year and two year programs, you're left with the following totals:
LBS= £96,860 Oxford MBA = £50,250 Cambridge MBA = £44,500
Looking at these numbers, I would say there is a significant difference in price between LBS and Oxbridge...However, I can't answer whether or not LBS wouldn't be worth the price. I think you need to have a realistic conversation with yourself and also potentially a member of the career services team (or alumni if you can find any in your target field).
What are you trying to get out of the MBA? Will LBS fast track you there? Will LBS give you easier access to the people you know you need to network with? If so, it may be worth the price. However, you also need to be honest about how big a financial burden you are comfortable taking on...
Folks - I was at this decision point about 2 years ago. Decided to go to cambridge & got into a very exciting mobile tech startup in Product Manager role (corporate development is not a stretch if that is what interests you). Moreover, my cambridge classmates have moved into likes of Google, IDEO, FB, Expedia etc & similarly currently a bunch of workmates are from top schools (HBS, LBS etc).
Cambridge provides a variety of options to get into the tech/telecom scene (obviously depends on how much you use the opportunities) - Silicon Valley comes to UK, Silicon Valley road trips, Internships etc..Like with all schools, if you want to go beyond banking/consulting/mba rotation programs - one needs to hunt & network like crazy <well worth it>.
Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
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Re: LBS or Oxford or Cambridge?
15 Oct 2015, 04:19