Quote: (07-02-2012 06:31 PM)Divorco Wrote:
Quote: (07-01-2012 04:50 PM)Newb#3 Wrote:
I'm a big fan of WestCoast's posts.
He is controversial. He suggests currency smuggling, recommends ectomorphs do aerobics nine times per week, writes that an M.B.A. is worthless, and brags about seducing a woman on the fifth date.
Maybe this stuff works for his specific situation, but it isn't always generalizable to others.
I just talked a friend out of getting an MBA.
An MBA at a legit school is going to cost you $100,000+. Here's Haas:
http://mba.haas.berkeley.edu/admissions/...enses.html
That's $160,000 "all in."
Plus 2 years opportunity cost of not working.
Add in interest.
Any legit program is six figures:
http://grad-schools.usnews.rankingsandre...a-rankings
If a guy earning $80,000 got his MBA, he's out $320,000 (not including interest payments).
How much of a raise would a person need to receive to justify that investment?
What's the probability that he'll receive that salary?
Seriously, do the model.
Now if an employer is gong to pay for the MBA and you're going to do it part time, that may be a different analysis.
Anyhow, do the math and show your work.