Just had a short discussion with T.J. in the library and we thought this is a very interesting topic to share with everyone here.
We are thinking about the investment in a MBA program in terms of money and time, comparing to investing in something else. For example, the real estate market. Given the opportunity cost of not going to school, what was the major factor in your decision to go for your MBA?
For example, with $80,000 investment in the Real estate market now, we may have a even more than 50% of return in future years. Or with some professional certificates, we may have even higher leverage for our future career path.
SO what do you think about your Opportunity Cost for this MBA program?
4 comments:
Interesting question. For me personally the MBA program provides an excellent avenue for change. I'm here to change careers and provide myself with an education platform that will serve me for the rest of my life.
Of course I'm interested in earning a high salary, but my decision to go back to school was not based on fiscal return on my investment. In fact I would not be surprised if my first job out offers a very similar pay scale as that of my previous job. The difference my friends, is I will look forward to this new career and I will look forward to going to work everyday. These concepts are more important then money.
However corny that sounds, its the truth.
Candace
I think banking my dollars on an MBA is a lot more stable than real estate. But if you wanted to further analyze then you can take the past years rate of return on real estate and compare to an MBA career break even analysis.
I would have to agree with CandACE on this one. The fiscal return takes a back seat to the other benefits that come with an MBA. Benefits such as not having to worry about being unemployed, the luxury of horizontal mobility between companies and the ability to foster the innovators mindset throughout life.
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