MBA worth it?

[backinbusiness]

Undergrad in Finance...Looking long term to work towards C-suite position, I believe most of current management has a graduate degree, or at least the field is so competitive it would be helpful I imagine in 10-15 years.

It would cost $57k for a 4-year professional flex MBA at ASU that is highly ranked (zero interest in a garbage school) that allows just a couple days/evenings per week so I can continue my career like normal. Company will fund $21k towards it.

I doubt it'll impact current earnings, however long-term I think it'll open the doors needed. Worth the $38k debt?

[powerliftingg]

I actually think MBA may have negative value in the future based on graduation date.

[Polaris]

Probably not.

[tripod29]

It's not worth going into debt for.

[paulinkansas]

Me: undergrad in Finance. Did 28 hours towards my MBA but quit due to other issues. 6 hours left.

Do I regret not getting my MBA? No. Just use what is between your ears to make money. Before covid I was bringing in way too much money in my rentals each week that I would post on the internet. Could I have done it without a partial MBA? probably.

Inspiration: Ike Mathur, my uncle.

[Yellowbeaver]

Only if it's a T15, and I can assure you that carey is not anywhere close to being a top mba program

[iloveus]

You have an undergrad already. You probably already have some debt + 4 years of your life gone.

I'm assuming your 24.

4 years for this MBA + $38k in more debt

So you'll be 28 with even more debt that you will need to pay off

Even if you start making $100k/year. That's about 8k/month. Then probably like 1 or 2k per month to pay off that debt.

Then you say 10-15 years long time this MBA will pay off for you.

So 28 + 10-15. So that means 38-45 years old.

40 year old man with probably 50k+ in debt

I know my math is off but still...

[BrownLuther007]

Why this mba is costing you 4 years instead of 2 or 1.5 years like other major universities.

[_zman]

Well an MBA won't close any doors. But MBA's are overvalued now. Look into one that is cheaper and takes 2 years. There's just so many career students. I think you'd be better off looking into the CFA, less time commitment/money. Also experience and things you've accomplished in your field out value both of these imo and most managers would agree.

[headturner1]

Article in the wsj about the mba today.

Roi is not looking good.. if it’s full funded by employer, I’d do it.

If not, no.

[Baylorballs]

Agreed with above posts, it's not going to close any doors, but it's not the leap from HS degree to Undergrad degree.

From what i've learned, it's all about what VALUE do you add to the company or your boss. Business is about 80% sales, can you bring additional skills or make yourself more important, in the real world?

[sf813]

MBA is only worth it if you want to switch careers and preferably do a FT program to get into either consulting, high finance, or FAANG type jobs paying $150K+

Otherwise it's a big waste of money

[SouthDakotaBrah]

MBA is only worth it if you want to switch careers and preferably do a FT program to get into either consulting, high finance, or FAANG type jobs paying $150K+

Otherwise it's a big waste of money

Agreed with this, and realistically you probably need to be at one of the top MBA schools too if you want to get into the prestigious consulting/finance firms. So the MBA makes the most sense under two conditions: (1) full-time MBA at a top 7 university with the intent of slaving away in management consulting or investment banking; (2) part-time MBA fully paid for by your company

I'm working on my MBA (100% paid for by my company) and I enjoy it, but I wouldn't pay my own money for it or quit work and pursue my program full-time (I'm not at a top university nor do I want to work at the prestigious consulting/finance firms)

[JungleJenetics]

Article in the wsj about the mba today.

Roi is not looking good.. if it’s full funded by employer, I’d do it.

If not, no.

this. There are too many career students.

[StUck686]

imo more education is never bad but with the cost of an MBA its better if you employer covers some of it and you are in a career track where it will really open a door for you.

My buddy got an MBA and is now a Realtor and is paying his 70k MBA lol

Theres also a wild amount of online flex type mbas now

[Zere0wn]

only go for something like that if there's a specific position you have in mind that requires it. Specific.

[RobParks2M]

only go for something like that if there's a specific position you have in mind that requires it. Specific.

Do you know whats just as good as having an MBA? Having a line in your resume that says you have an MBA

[TTV6]

Lots of replies from people without MBAs, nice - very valuable.

I got mine paid for 100% by the company I worked for at the time. The job I took afterwards paid 60% more and kept climbing from there. Yeah, I'd say an MBA is worth it (at least the time - I didn't pay for mine).

[AccountingMajor]

OP if you plan on staying in Arizona, I would say worth it. It's just too much debt for me to be comfortable.if you live in CA or want to move to CA. No, it's not worth it. Way too much competition because beveryone has an MBA here, you have to have a better advantage than that.

When I was networking, the accountants I was talking to (older in their careers) were all talking **** about it. So at least for accounting, it seems like it isn't worth it.