McCombs School of Business | Ms. Registered Nurse Entrepreneur
GMAT 630, GPA 3.59
Chicago Booth | Mr. Desi Boy
GMAT 740, GPA 3.0
Rice Jones | Mr. Simple Manufacturer
GRE 320, GPA 3.95
Chicago Booth | Mr. Corporate Development
GMAT 740, GPA 3.2
Tepper | Ms. Coding Tech Leader
GMAT 680, GPA 2.9
Stanford GSB | Mr. Impactful Consultant
GMAT 730, GPA 3.7
Kellogg | Mr. Hopeful Engineer
GMAT 720, GPA 7.95/10 (College follows relative grading; Avg. estimate around 7-7.3)
Wharton | Mr. Rates Trader
GMAT 750, GPA 7.6/10
Stanford GSB | Mr. Former SEC Athlete
GMAT 620, GPA 3.8
Tuck | Mr. Army To MBB
GMAT 740, GPA 2.97
Columbia | Mr. Forbes 30 Under 30
GMAT 730, GPA 3.4
Stanford GSB | Mr. MBB Advanced Analytics
GMAT 750, GPA 3.1
Chicago Booth | Mr. Banker To CPG Leader
GMAT 760, GPA 7.36/10
Ross | Mr. Leading-Edge Family Business
GMAT 740, GPA 2.89
Darden | Mr. Logistics Guy
GRE Not taken Yet, GPA 3.1
Kellogg | Mr. Stylist & Actor
GMAT 760 , GPA 9.5
Columbia | Mr. Ambitious Chemical Salesman
GMAT 720, GPA 3.3
Harvard | Mr. Irish Biotech Entrepreneur
GMAT 730, GPA 3.2
Stanford GSB | Mr. Cricketer Turned Engineer
GMAT 770, GPA 7.15/10
Wharton | Mr. Planes And Laws
GRE 328, GPA 3.8
McCombs School of Business | Mr. Refrad
GMAT 700, GPA 3.94
Harvard | Mr. Supply Chain Photographer
GMAT 700, GPA 3.3
Chicago Booth | Mr. Space Launch
GMAT 710, GPA 3.0
Kellogg | Ms. Product Strategist
GMAT 700, GPA 7.3/10
Columbia | Mr. MBB Consultant
GRE 339, GPA 8.28
Berkeley Haas | Mr. Avocado Farmer
GMAT 750, GPA 3.08
Georgetown McDonough | Mr. International Development Consultant

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

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