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ROI on Masters Programs
Posted on 7/24/14 at 9:46 pm
Posted on 7/24/14 at 9:46 pm
Kind of a funny story but I applied to a joint law/mba hybrid program at The George Washington University and got accepted pretty much against all odds as this is a top 20 law school. It's a Procurement/Contracts Law program that's technically a M.S but administered by the Law School. Half Law Classes and half MBA classes.
It'd never thought I'd get in but apparently my resume, recommendations and letter were enough to make up for my General Studies undergrad at LSU. I didn't even take a LSAT, much less GMAT.
Any who, I'm contemplating making the move for the Spring semester. The program is about $60,000 and they only have about 50 students in the program.
I'm hesitant to some extent as the cost seems expensive and weighing the potential earnings benefits. This program is specialized to my field rather than general MBA.
Does anybody know anyone that graduated from GWU? Would this actually increase my long term value rather than just getting a bunch of certs like CPSM or PMP?The ROI I'm not sure would be there to love in LA. I know tons of people with Masters that make 50K and I already well exceed that with income.
It'd never thought I'd get in but apparently my resume, recommendations and letter were enough to make up for my General Studies undergrad at LSU. I didn't even take a LSAT, much less GMAT.
Any who, I'm contemplating making the move for the Spring semester. The program is about $60,000 and they only have about 50 students in the program.
I'm hesitant to some extent as the cost seems expensive and weighing the potential earnings benefits. This program is specialized to my field rather than general MBA.
Does anybody know anyone that graduated from GWU? Would this actually increase my long term value rather than just getting a bunch of certs like CPSM or PMP?The ROI I'm not sure would be there to love in LA. I know tons of people with Masters that make 50K and I already well exceed that with income.
This post was edited on 7/24/14 at 9:48 pm
18
Posted on 7/24/14 at 9:49 pm to TigersSEC2010
You didn't read the thread did you 
thanks.
thanks.
Posted on 7/24/14 at 9:53 pm to Cajun Revolution
quote:
I know tons of people with Masters that make 50K and I already well exceed that with income.
Can't tell you anything about the academics that you're getting into. I am about to enter a Master's program myself and did look into some DC schools. I was accepted into American and decided not to go.
1) Because I thought another program just suited me personally.
2) After tuition + cost of living in DC I was looking at being in a $100k hole coming out.
I do hope you land a job relatively quickly after graduation if you do decide to go to GWU but that kind of number definitely made me wary.
Posted on 7/24/14 at 9:57 pm to Cajun Revolution
quote:
$60,000
Is that just tuition? Quitting your job and going full time?
Posted on 7/24/14 at 9:57 pm to Cajun Revolution
The director of graduate studies in the business school at GW is an LSU alum.
Posted on 7/24/14 at 9:57 pm to theGarnetWay
I'm trying to find a job in DC or Arlington. I'm holding out hope but I don't know what level of career you have to be to get Relocation paid for
The housing in DC for a one bedroom is like $2K a month. A bit insane.
The housing in DC for a one bedroom is like $2K a month. A bit insane.
Posted on 7/24/14 at 9:59 pm to shutterspeed
Tuition for the entire program. I'd like to go part time and work. Finding a job seems like the hardest part.
Posted on 7/24/14 at 9:59 pm to Cajun Revolution
Move in with Bacon or Iona.
Posted on 7/24/14 at 10:00 pm to shutterspeed
quote:
Is that just tuition? Quitting your job and going full time?
very important questions....
Posted on 7/24/14 at 10:02 pm to CT
Hmm. I wonder if the old man Iona would have a spare bedroom to let.
I'm kind of pumped about the school. I'm pretty much fully committed. I've got about 5 months to figure everything out.
I'm kind of pumped about the school. I'm pretty much fully committed. I've got about 5 months to figure everything out.
Posted on 7/24/14 at 10:03 pm to Cajun Revolution
He'll be strolling in the LNST with his Diet Coke and Marlboro soon enough. Look for him there.
Posted on 7/24/14 at 10:03 pm to Cajun Revolution
Isn't GW 60k PER YEAR? How are you calculating that total for the whole program? Or did they load you up with financial aid?
Also, how did you even apply without taking the LSAT/GMAT?
Also, how did you even apply without taking the LSAT/GMAT?
Posted on 7/24/14 at 10:03 pm to Cajun Revolution
How could you get into a jd/mba program without taking the lsat or gmat?
GW is a borderline elite law school, but not an mba power. What are your other options?
GW is a borderline elite law school, but not an mba power. What are your other options?
Posted on 7/24/14 at 10:06 pm to Cajun Revolution
quote:
The housing in DC for a one bedroom is like $2K a month. A bit insane.
damn, that is crazy...
need to put the whole arithmetic problem together to see what this is really gonna cost you...that is, tuition + lost wages (and benefits) + difference in cost of living....
I'm betting that you are looking at a swing of a couple of hundred thousand dollars, which is gonna take a pretty good boost in earnings to make up, particularly if you are not really young...
Posted on 7/24/14 at 10:06 pm to zacata88
I got a waiver based on career arc and accomplishments. They had on their website total cost for all semesters was $54K plus fees.
All programs have a waiver program. Getting one is difficult.
All programs have a waiver program. Getting one is difficult.
Posted on 7/24/14 at 10:07 pm to Cajun Revolution
Do you actually want to practice law when you finish? If so, do you want to practice at a top tier ("Big law") firm? If so, I'd advise against it. Big firms for the most part do NOT interview students in these types of programs. However, if your next best option is a law school way down (or out of) the top 100, I guess why not?
Posted on 7/24/14 at 10:07 pm to Cajun Revolution
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