The Craziest Interview Questions

Blast from the Past:

The Real Cost of an MBA is $345K. Is it Really Worth It?

Imagine this: You give up a job and two years of salary. You move away from your home and social circle. You take out a $200,000 loan and live off your MasterCard. Oh, and you spend two years reading about a world you’ve exited, while working projects that you’ll never monetize. And you sacrifice all this for a payoff that’s likely a decade down the road.

Sounds pretty risky, huh?

That’s business school in a nutshell, folks. And making that leap isn’t for the faint of heart. Just ask J. Matthew Mueller of MBA Girl Journey. When applying to Columbia University, she produced an annual budget, covering everything from health insurance and loan fees to opportunity costs, calculating her total compensation over 11 years for both holding an MBA and foregoing an MBA. So how much did she make? And how can you calculate how soon an MBA will pay dividends for you? Check out her fascinating column for the answers. Even more, browse our reader responses for additional ways to calculate an MBA’s true value.

Source: Poets&Quants

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