Go to a top-tier business school, and that MBA degree may be worth your while. Typically, however, getting an MBA makes little monetary sense anymore.
MBAs no longer special
According to the Wall Street Journal, the early 1990s saw the rise of many part-time and executive MBA programs at lower-ranked schools, as well as online diplomas. The result is that the amount of MBA degree holders in society has gone up, but the number of jobs has not kept pace.
Georgetown University McDonough School of Business professor Dr. Brooks Holtom noted that "An M.B.A. is a club that is now not exceptional. You should not believe that this less exclusive club is going to confer the same benefits."
Considering typical MBA salaries
Between 2008 and 2012, there was a 4.6 percent decrease in the typical minimal pay for graduates with MBAs to $53,900. The average total pay dropped 62 percent during that time at 186 PayScale schools. This just goes to show that people getting MBAs is really just hurting others who have the degree.
It seems that now top-tier companies only recruit from very exceptional schools to keep the exclusivity of the degree. A sluggish economy does not help since there are fewer jobs and more MBAs just sitting out there. On top of that, business schools are giving false hope to students who believe they can get much better jobs with their MBAs.
Quick cash at a university
Universities are making a ton of cash currently on business and law. There are a ridiculous amount of law students and business student's right, which is also really bad news for those students. It is a better idea to evaluate the career industry before you choose to get debt to get another degree, and the average salary is not worth it the majority of the time. Unless you get into a top tier university, it is not worth it.
MBAs no longer special
According to the Wall Street Journal, the early 1990s saw the rise of many part-time and executive MBA programs at lower-ranked schools, as well as online diplomas. The result is that the amount of MBA degree holders in society has gone up, but the number of jobs has not kept pace.
Georgetown University McDonough School of Business professor Dr. Brooks Holtom noted that "An M.B.A. is a club that is now not exceptional. You should not believe that this less exclusive club is going to confer the same benefits."
Considering typical MBA salaries
Between 2008 and 2012, there was a 4.6 percent decrease in the typical minimal pay for graduates with MBAs to $53,900. The average total pay dropped 62 percent during that time at 186 PayScale schools. This just goes to show that people getting MBAs is really just hurting others who have the degree.
It seems that now top-tier companies only recruit from very exceptional schools to keep the exclusivity of the degree. A sluggish economy does not help since there are fewer jobs and more MBAs just sitting out there. On top of that, business schools are giving false hope to students who believe they can get much better jobs with their MBAs.
Quick cash at a university
Universities are making a ton of cash currently on business and law. There are a ridiculous amount of law students and business student's right, which is also really bad news for those students. It is a better idea to evaluate the career industry before you choose to get debt to get another degree, and the average salary is not worth it the majority of the time. Unless you get into a top tier university, it is not worth it.
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