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PersonalMBACoach
Personal MBA Coach Founder
Joined: 11 Sep 2010
Last visit: 13 Dec 2024
Posts: 3,677
Own Kudos:
Given Kudos: 11
Status:Boutique MBA Admissions Consulting from a Wharton graduate - Helping applicants get into top global business schools since 2008
Affiliations: Wharton, MIT
Location: United States (NY)
Overall Client Admit Rate: 96%
Expert reply
11 Mar 2022, 08:53
Kudos
Bookmarks
Given the large investment in both time and out of pocket cost (though Personal MBA Coach’s clients earned $6.5M in scholarships last year!) questioning the value of an MBA is natural. While there are countless articles addressing MBA worth, you can easily do a calculation for yourself based on your current and future salary.
Here is a quick example for calculating your own ROI. The most recent Graduate Management Admissions Council (GMAC) survey on corporate recruiting reported the median salary for MBA graduates was $50,000 than for those with a bachelor’s degree. This $50,000/year difference is sure to grow over time.
At the current rate, two years at Wharton will run you about $166,000 (not counting room and board since you do need to eat and sleep whether you are in business school or not). Some simple math shows that the investment not only pays off but does so soon after MBA graduation.
However, most Personal MBA Coach clients assess the value of an MBA much more broadly. This is why the answer to the question: Is getting an MBA worth it? is almost always yes, even for those who already have a strong pre-MBA salary.
Here are five reasons that getting an MBA is worth more than you might think.
About Personal MBA Coach:
Founded by a Wharton MBA and MIT Sloan graduate who sits on the Association of International Graduate Admissions Consultants Board of Directors, Personal MBA Coach has been guiding clients for 15 years and is consistently ranked #1 or #2 by leading sources including Poets&Quants.
We help clients with all aspects of the MBA application process including early planning, GMAT/GRE/EA tutoring, application strategy, school selection, essay editing, and mock interviews. Our team includes former M7 admissions directors and former M7 admissions interviewers.
Last cycle, our clients earned more than $6.5M in scholarships!
Here is a quick example for calculating your own ROI. The most recent Graduate Management Admissions Council (GMAC) survey on corporate recruiting reported the median salary for MBA graduates was $50,000 than for those with a bachelor’s degree. This $50,000/year difference is sure to grow over time.
At the current rate, two years at Wharton will run you about $166,000 (not counting room and board since you do need to eat and sleep whether you are in business school or not). Some simple math shows that the investment not only pays off but does so soon after MBA graduation.
However, most Personal MBA Coach clients assess the value of an MBA much more broadly. This is why the answer to the question: Is getting an MBA worth it? is almost always yes, even for those who already have a strong pre-MBA salary.
Here are five reasons that getting an MBA is worth more than you might think.
About Personal MBA Coach:
Founded by a Wharton MBA and MIT Sloan graduate who sits on the Association of International Graduate Admissions Consultants Board of Directors, Personal MBA Coach has been guiding clients for 15 years and is consistently ranked #1 or #2 by leading sources including Poets&Quants.
We help clients with all aspects of the MBA application process including early planning, GMAT/GRE/EA tutoring, application strategy, school selection, essay editing, and mock interviews. Our team includes former M7 admissions directors and former M7 admissions interviewers.
Last cycle, our clients earned more than $6.5M in scholarships!
03 May 2022, 21:08
Kudos
Bookmarks
Is an MBA really worth it? Well its is considered only a good investment for most people that are looking for a career in business. If you are planning to work in fields related to business, management or become a founder of a company then its worth the shot. If you are lucky enough to study at the best and top schools - Harvard, Stanford, Berkeley, Virginia your estimated pay will surpass $8 million over a 35-year period. So clearly at the end of the day it all depends on you. Ask yourself questions like what your career goals are? What your interests and skills are?
