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# Is an MBA Worth It? (CNBC)

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Director
Joined: 04 Oct 2008
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Location: United States (CA)
Concentration: Entrepreneurship, Strategy
Schools: Michigan (Ross) - Class of 2013
GMAT 1: 770 Q50 V44
GPA: 3.3
WE: Project Management (Aerospace and Defense)
Is an MBA Worth It? (CNBC) [#permalink]

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17 Nov 2008, 12:23
http://www.cnbc.com/id/27767506

We're all aware of the trade-offs associated with going to b-school full-time, but the charts in this article are interesting.

Quote:
The average cost for a 2-year MBA (excluding room and board) at a Top 10 b-school has nearly doubled since 1998, jumping from an average of \$52,000 in 1998 to almost \$95,000 in 2008, according to BW data. At the same time, the differential between pre- and post-MBA salaries has narrowed. Ten years ago, the average jump in median salary after earning an MBA from a Top 10 school was about \$51,000. Now that number is just under \$39,000.

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Re: Is an MBA Worth It? (CNBC) [#permalink]

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17 Nov 2008, 13:50
\$95,000? How about \$160,000. That's before factoring in the foregone salary. It's still worth it however.

Avernusaur wrote:
http://www.cnbc.com/id/27767506

We're all aware of the trade-offs associated with going to b-school full-time, but the charts in this article are interesting.

Quote:
The average cost for a 2-year MBA (excluding room and board) at a Top 10 b-school has nearly doubled since 1998, jumping from an average of \$52,000 in 1998 to almost \$95,000 in 2008, according to BW data. At the same time, the differential between pre- and post-MBA salaries has narrowed. Ten years ago, the average jump in median salary after earning an MBA from a Top 10 school was about \$51,000. Now that number is just under \$39,000.

Kudos [?]: 211 [0], given: 22

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Location: Southern California
Schools: Chicago (dinged), Tuck (November), Columbia (RD)
Re: Is an MBA Worth It? (CNBC) [#permalink]

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17 Nov 2008, 14:28
They meant without living expenses factored in.
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Re: Is an MBA Worth It? (CNBC) [#permalink]

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19 Nov 2008, 02:29
Tailored suit: 700\$
Dress shoes: 150\$
Having the opportunity to switch careers completely: priceless...

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Re: Is an MBA Worth It? (CNBC) [#permalink]

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26 Nov 2008, 18:20
ahahahahaha

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Re: Is an MBA Worth It? (CNBC) [#permalink]

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26 Nov 2008, 18:20
and true!

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Status: Um... what do you want to know?
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Location: SF, CA, USA
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Re: Is an MBA Worth It? (CNBC) [#permalink]

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30 Nov 2008, 20:02
lepium wrote:
Tailored suit: 700\$
Dress shoes: 150\$
Having the opportunity to switch careers completely: priceless...

... and actually enjoy what you're doing every day at your job.
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Re: Is an MBA Worth It? (CNBC) [#permalink]

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16 Dec 2008, 08:42
The CNBC Original, “The Money Chase: Inside Harvard Business School” premieres on Wednesday December 17 at 10p ET/PT. For 100 years Harvard has been the gold standard to which all educational institutions are compared. Join CNBC’s Carl Quintanilla as he takes an unprecedented look inside the school that has produced some of the greatest minds in business. What's it really like to go to Harvard Business School? Go inside the ivy covered walls as Harvard commemorates its centennial. Features interviews with JP Morgan's Jamie Dimon, GE's Jeff Immelt, Blackstone Group's Steve Schwarzman, Meg Whitman, and more.

For web extras visit http://insideharvardbiz.cnbc.com

Thanks,

Kevin

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Re: Is an MBA Worth It? (CNBC)   [#permalink] 16 Dec 2008, 08:42
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# Is an MBA Worth It? (CNBC)

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