re: MBA

I've done a decent bit of research in this area and most academic articles I have read say that the returns to an MBA drastically decrease once outside the top 10. The returns are similar for schools in the 10-25 range and are still a positive net. Past the top 30, there are very few places that actually give positive economic returns.

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I think your ROI depends largely on what you're doing career wise before you start the MBA program and not so much where you go to school. The top programs pick the best prospects they know will make their school look good after they graduate. There's a reason they ask for your resume, current salary, job title, etc when you apply for admission.

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These articles adjust for ability bias such as what you list.

I don't buy that at all. For instance, pick any one of the people I know that are going to UNO for their MBA. They would have to be unemployed for several years to not end up with a positive ROI.

Let me see if I can find the articles. There is veryyyy little research done in this area, which is why I had to change my topic for my research paper.

Here is one abstract:

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Because MBA programs require work experience before admittance, prior wages can be exploited to disentangle the return to the degree from unobserved productivity. We find that controlling for individual fixed effects generally reduces the estimated returns to an MBA, particularly for those in top programs. However, for full-time MBA students attending schools outside of the top-25 the estimated returns are higher when we control for individual fixed effects. We show that there is some evidence that those who take the GMAT but do not obtain an MBA are stronger in dimensions such as workplace skills that are not easily measured.

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I have a few more, but not sure where they are. I could have been mistaken and misrepresented the data, but I am almost sure I remember reading an article stating what I said in my prior post.