Should I get an MBA?
Do I really need an MBA? These days, with the U.S. economy booming and more and more jobs (particularly in tech) seeming to value work experience over an advanced degree, people are starting to question whether business school is the best route to where they want to go professionally—whether it is truly worth the investment. We would argue that an MBA can definitely add a great deal to both your professional and personal growth. Here are some key reasons to consider pursuing the degree:
[ This post was written by Nisha Trivedi, an mbaMission Senior Consultant. ]
Is the MBA worth it? Go Beyond ROI
This is likely not the first article you’ve read regarding the return on investment, or “ROI,” of an MBA degree, so I won’t spend too much time rehashing what you likely already know: your goal is to ensure that the money you get out of the degree in the form of a salary increase exceeds the money you put into the degree in the form of tuition and lost wages. You can get as detailed as you like with the accounting here – interest, textbook fees, etc. – but ultimately, the concept of positive ROI can be expressed using a simple inequality: money in < money out. However, there is one scenario in which your ROI is positive, and yet you should still not choose to go back to business school. That’s the scenario I want to tell you about here.