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re: Shocking news: The value of an MBA is rapidly declining
Posted on 1/17/13 at 2:21 pm to lsu711
Posted on 1/17/13 at 2:21 pm to lsu711
quote:
He says ROI isn't there for any school other than the five mentioned. I don't agree because everyone's opportunity cost is different, employers contribute to tuition costs and schools offer scholarships.
Even if it were true, it wouldn't apply to you, right? Didn't you go to one of those top 5 schools?
Posted on 1/17/13 at 2:42 pm to rickgrimes
I do and I've found the "total cost to attend" figures to be a worst case scenario. Prior to enrolling, my projected payback was around 5 years. Now with real numbers, it will be about 1 year. I had overestimated the costs, underestimated my summer compensation and exit salary and not considered any tuition reimbursement from my future employer. My only guess is Wharton has a higher percentage of students who had high paying jobs prior to b-school, saved little, and racked up debt in order to continue that lifestyle into b-school.
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