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28 May 2009, 14:55
Kudos
Bookmarks
Hey Gmatters,
I’m sure most of you are looking for a good return on your investment once you are finished your MBA.
I’m planning on doing my MBA in Europe and estimate that it will cost me the guts of €80/90K.
I’m unlikely to buy property in the short term. I don’t have any other major expenses such as weddings etc to fund either which makes it a bit easier to justify the cost.
I’m interested to hear how people are going to recoup the cost and in what time frame.
I’m conscious that if I don’t get a job as a Management Consultant or Banker my MBA qualification is unlikely to yield a higher income straight away.
Please prove me wrong on this!
Thanks,
Aztec
I’m sure most of you are looking for a good return on your investment once you are finished your MBA.
I’m planning on doing my MBA in Europe and estimate that it will cost me the guts of €80/90K.
I’m unlikely to buy property in the short term. I don’t have any other major expenses such as weddings etc to fund either which makes it a bit easier to justify the cost.
I’m interested to hear how people are going to recoup the cost and in what time frame.
I’m conscious that if I don’t get a job as a Management Consultant or Banker my MBA qualification is unlikely to yield a higher income straight away.
Please prove me wrong on this!
Thanks,
Aztec
28 May 2009, 15:33
Kudos
Bookmarks
Aztec
Here's a link to a handy ROI tool put together by ryguy:
the-true-value-of-your-mba-v-74335.html#p554842
Generally, depending on what you're currently earning, there's a chance you won't make a higher income right after graduation. I know I likely won't and I'm sure there are others in the same boat as me. But just looking at salaries doesn't account for the intangible benefits of an MBA, such as being able to switch into a career that is more fulfilling to you. Also, while your immediate post-MBA salary may not be significantly higher than it would be without an MBA, there is an argument to be made that the MBA positions you in the long term for roles you wouldn't otherwise have access to (either because of the qualification itself or the network that comes with it) and so in the long term will yield financial rewards.
Those were the 2 main ways I justified the cost for my own MBA.
28 May 2009, 17:52
Kudos
Bookmarks
I hope to do three things:
- keep costs in check while in school without sacrificing any major opportunities
- hopefully line up an internship with a company and get a full-time offer with a promise to pay my 2nd years tuition
- post-MBA: live like I did when I graduated college the first time (small apartment, etc) and get the loans paid off ASAP
RF
- keep costs in check while in school without sacrificing any major opportunities
- hopefully line up an internship with a company and get a full-time offer with a promise to pay my 2nd years tuition
- post-MBA: live like I did when I graduated college the first time (small apartment, etc) and get the loans paid off ASAP
RF
