Friday, August 5, 2011

Is my MBA worth it?

Many times throughout my 4 semesters of the MBA program I've wondered if it's truly worth it. With the increased work load from homework and decreased funds from tuition, I sometimes wonder if being able to go out more or travel more or do whatever I want more would have been the better choice for me right now. It's times like these when I'm so thankful I decided to go to PLNU for my MBA. Look at the email I just got from the Director of the MBA program:

All of you at one time or another wonder whether the time, money, and opportunity cost of obtaining an MBA are worth it.  I just read an article in Forbes that shows, on average, it takes the typical MBA at the top 100 MBA programs in the country anywhere from 3.1 - 4.9 years to payback the total investment in the MBA (including tuition, books, travel, expenses, lost alternative opportunities, time), from increased average annual earnings after receiving the MBA.  After that, it is all gravy.

Most schools were in a tight 3.5 – 4.2 range.  What is interesting to me is that while the MBAs from the top schools earned much more than those in the lower 50, their tuition costs were so much more that the payback period was not much different between the top 50 and the lower 50.

Just thought you might like to know this.

Have a good weekend.

Let me also take this time to wish you well on your final exams.

Jose Munoz
Thank you Jose. Thank you so much. I now have been refueled, can make it through the next few weeks of crazy papers and exams and then I will start all over again with my 5th semester.

I.Can.Do.It.

Until next time...

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