Is Getting A MBA (Master of Business Administration) Worth the Cost?

January 18, 2022 by Bautis Financial

Sticker price shock is real, especially if you are researching Business Schools! Did you attend Business School? Would you attend again with tuition prices as high as they are now?

There are over 500 business schools in the United States alone, and business is good for business schools. But with sticker price shock, many potential applicants wonder if it’s worth the cost…

The average lifetime earnings is $3 million more for those who attain an MBA, compared with those who don’t. However, this number doesn’t take into account the industry.

Some industries — such as finance and consulting — show favor to those with MBAs, while other industries are indifferent towards the degree. So should you pursue an MBA? It depends. Talk to other people in your industry and organization and choose an MBA program only if not having one is preventing you from reaching your career goals.

Do you have an MBA?