Obiovusly, an MBA from say an M7 school like U of Chicago's business school will be far more considered than say, U of Alabama's MBA.
However, how much does an MBA help your career? After all the market is somewhat saturated, with 100,000 MBAs or more graduating annually.
Is it worth taking out $100k+ in loans for a possible salary raise?
When the saloon is really packed and all your tables are mad because the food isn't coming out in a timely manner you can start telling them about your MBA.
No.
If you have to take loans out to get your MBA, it probably means it won't help you. A large number of employers will pay for your MBA outright or pay back your tuition. And unless you're a complete moron or going to a full-time program at a top school, you're probably not going to be learning that much. It's all buzzwords and perspective.
I would not take out loans for it. I learned very little from my MBA program, but it has helped me continue a solid career path simply from companies wanted candidates to have an MBA. I went to a local state school and paid very little out of pocket.
100k in loans for mba? wtf?
currently getting my MBA at the local university. my employer is paying.
it is utterly worthless. i am 2/3s the way through and i havent done more the 5 hours of serious work in any given class. undergrad in accounting was infinitely more difficult.
with that being said it will be nice to have it on my resume.
it mayyyy be beneficial if you come from a non-business background.
It can get you dealt into exclusive industries that prize such trinkets - investment banking and consulting. Even then, if you are earnest and focused, you could get a job at a lower rung without the debt.
For anything else, dont waste your money or time. Just meet people and try to get a job.
Doing an MBA at an average school is like doing core exercises.
It is better than doing nothing but working to get better at your actual job or your bosses job will help more.
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