Harvard | Mr. Amazon Manager
GMAT 740, GPA 3.2
Kellogg | Ms. Kellogg Bound Ideator
GMAT 710, GPA 2.4
Yale | Ms. Biotech
GMAT 740, GPA 3.29
Tuck | Mr. Winning Team
GMAT 760, GPA 7.95 out of 10
Kellogg | Ms. Clean Tech
GMAT 690, GPA 3.96
Harvard | Mr. Renewable Energy Investing
GMAT 740, GPA 4.0
Darden | Ms. Teaching-To-Tech
GRE 326, GPA 3.47
Tuck | Mr. Strategic Sourcing
GMAT 720, GPA 3.90
Tuck | Mr. Recreational Pilot
GRE 326, GPA 3.99
Stanford GSB | Mr. Seller
GMAT 740, GPA 3.3
Cornell Johnson | Mr. Government Consultant
GMAT 600, GPA 3
Chicago Booth | Mr. Space Launch
GMAT 710, GPA 3.0
INSEAD | Mr. Media Startup
GMAT 710, GPA 3.65
MIT Sloan | Ms. MD MBA
GRE 307, GPA 3.3
Harvard | Mr. Research 2+2
GMAT 740, GPA 3.96
London Business School | Mr. Investment Finance
GMAT 750, GPA 2.2
NYU Stern | Mr. Long Shot
GRE 303, GPA 2.75
Wharton | Ms. PMP To MBA
GMAT 710, GPA 3.72
Kellogg | Mr. Sales Engineer
GMAT 740, GPA 3.00
Stanford GSB | Mr. LGBTQ
GMAT 740, GPA 3.58
Duke Fuqua | Mr. 2020
GMAT 630, GPA 3.92
MIT Sloan | Mr. Generic Nerd
GMAT 720, GPA 3.72
Cambridge Judge | Mr. Versatility
GMAT 680, GPA 3.6
Harvard | Mr. Hustler
GMAT 760, GPA 4
Chicago Booth | Mr. M7 Aspirant
GMAT 760, GPA 3.79 / 4.00
Harvard | Mr. Low GPA Product Manager
GMAT 780, GPA 3.1
HEC Paris | Mr. Indian Journalist
GMAT 690, GPA 2.8

MBA Interest In Entrepreneurship Hits Low

The expense of an MBA degree adds up quickly and can shock.

3 Aspects To Consider When Paying For Business School

Business school is an expensive investment. For many students, it generally means two years without much income. Therefore, it’s important for prospective students to consider the worth into socking so much time and money into a graduate business degree.

U.S. News & World Report recently reported on three aspects that students should consider when determining whether a grad degree is worth the investment.

When Borrowing Money, Look at How Much You’ll Be Earning

Mark Schneider is the vice president and an institute fellow at American Institutes for Research. He’s also the co-author of the American Enterprise Institute’s January paper “The Master’s as the New Bachelor’s Degree: In Search of the Labor Market Payoff.”

“There’s a standard rule of thumb that you should not be borrowing more than what your expected first-year wages are,” he tells US News.

For business students, there is good news. In his paper, Schneider analyzed postgraduate earnings from three states and found that master’s degrees in business, engineering, and real estate yielded the highest-paying outcomes.

“If you’re going to make $100,000 a year, then borrowing $80,000 is fine,” Schneider tells US News. “But if you borrow $80,000 with expected earnings of $30,000, then that is not fine – you’re going to be in trouble unless you have some other income.”

Take Note of Labor Market Payoff

Experts suggest prospective students to look at job outlook data published by the Bureau of Labor Statistics when considering grad school. Industries, like healthcare and business, tend to yield high payoff and stable job outlook.

For example, according to BLS data, pharmacists tend to earn around on average $120,000. Demand for the profession is expected to grow by 6% from 2016 to 2026.

In the business world, consultancy ranks the highest in average income after graduation. The average salary for 2016 consultancy graduates of full-time programs was $126,919, according to US News.

Is Prestige an Important Factor in Your Field?

In business, prestige carries more weight than other fields. In this case, prospective business students should consider prestige when looking at business schools.

Scott Rostan is the founder of Training the Street, a New York-based company that prepares college and b-school grads for finance jobs. Rostan tells US News that top financial companies only recruit from top business schools. And at top business schools, tuiton tends to cost more than $60,000 a year. At Stanford Graduate School of Business, single on-campus business students can expect to pay $112,797 for one year of education, according to Stanford’s website.

Rostan adds that prestige schools will pay off for business students in providing quality networks and opportunities.

“Many times the schools are prestigious because they’re known quantities,” Rostan tells US News. “You’re not going to get in trouble for hiring someone from a top business school.”

Sources: US News, US News, Stanford Graduate School of Business, Bureau of Labor Statistics