Unfortunately, there's no right answer to this. I could direct you to a dozen articles that say an MBA is worth every penny. I could direct you to a dozen that say it's a waste of money.
This is a personal decision and you have to be honest with yourself about the risks. Is it possible you'll end up in the same industry? Yup. Is it possible you'll end up in something completely different that you absolutely love? Yup. There's no way of saying. Every person is different and who knows what you'll be able to accomplish during your MBA?
What I will say is for most people who pursue a top ranked MBA, they find the investment to have a significant return. They develop the networks, get the education, and find the opportunities they were looking for. The reason people a few years older are telling you to do it is because they wish they had done it. Or they did do it and it worked out well for them. The reason some who are in school right now are saying it might not be worth it probably aren't getting out of it what they wanted. But in each case, you have to consider your sample set may or may not represent the majority opinion.
It's expensive. There is a massive opportunity cost. But if you don't want to work your entire life in IT, then you need to make a move. An MBA is just one possible way to do that. There are others. But very few options give you the clean slate you need to truly get out of a particular profession.
I know this isn't an answer but I hope it helps you better assess what others are telling you.
Managing Partner, Founder
Critical Square | MBA Admissions Services
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