Only do the MBA if your school is top tier
Closely held values about the worth of specific university degrees have been challenged by some compelling figures. Research indicates that the average salary of ABA law school graduates a year after graduation is $45,000, with an average debt of $150,000. So from a debt-value standpoint, law university could be out. Now reports suggest that the worth of a business college degree - a Masters of Business Administration (MBA) - may also be very doubtful.
MBAs no longer special
Lower ranked schools and online schools started offering increasingly more part-time and executive MBA programs in the early 1990s, according to the Wall Street Journal. There have not been enough jobs to keep up with the number of those who have MBAs now.
According to professor Dr. Brooks Holtom at Georgetown University McDonough School of Business, "An M.B.A. is a club that is now not exceptional. You should not assume that this less exclusive club is going to confer the same benefits."
Considering typical MBA salaries
Between 2008 and 2012, there was a 4.6 percent decrease in the average minimal pay for graduates with MBAs to $53,900. The average total pay dropped 62 percent during that time at 186 PayScale schools. This just goes to show that people getting MBAs is really just hurting others who have the degree.
The problem is that students have false hopes when going in to get their MBA. There are too many students with the degree and not enough exclusivity. With the sluggish economy making fewer jobs, it is even worse. It seems people want experience over diplomas.
Quick cash at a university
Universities are making a ton of money right now on business and law. There are a ridiculous amount of law students and business student's right, which is also really bad news for those students. It is a better idea to evaluate the career market before you decide to get debt to get another degree, and the median salary is not worth it much of the time. Unless you get into a top tier university, it is not worth it.
MBAs no longer special
Lower ranked schools and online schools started offering increasingly more part-time and executive MBA programs in the early 1990s, according to the Wall Street Journal. There have not been enough jobs to keep up with the number of those who have MBAs now.
According to professor Dr. Brooks Holtom at Georgetown University McDonough School of Business, "An M.B.A. is a club that is now not exceptional. You should not assume that this less exclusive club is going to confer the same benefits."
Considering typical MBA salaries
Between 2008 and 2012, there was a 4.6 percent decrease in the average minimal pay for graduates with MBAs to $53,900. The average total pay dropped 62 percent during that time at 186 PayScale schools. This just goes to show that people getting MBAs is really just hurting others who have the degree.
The problem is that students have false hopes when going in to get their MBA. There are too many students with the degree and not enough exclusivity. With the sluggish economy making fewer jobs, it is even worse. It seems people want experience over diplomas.
Quick cash at a university
Universities are making a ton of money right now on business and law. There are a ridiculous amount of law students and business student's right, which is also really bad news for those students. It is a better idea to evaluate the career market before you decide to get debt to get another degree, and the median salary is not worth it much of the time. Unless you get into a top tier university, it is not worth it.
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