Berkeley Haas | Mr. Biz Human Rights
GRE 710, GPA 8/10
Harvard | Mr. Food Tech Start Ups
GMAT 720, GPA 3.5
Harvard | Mr. The Builder
GMAT 740, GPA 4.0
Harvard | Mr. International Oil
GMAT 710, GPA 3.7
Chicago Booth | Mr. Overrepresented Indian Engineer
GMAT 740, GPA 8.78/10
Darden | Mr. Program Manager
GRE 324, GPA 3.74
Harvard | Mr. Consulting To Emerging Markets Banking
GRE 130, GPA 3.6 equivalent
Harvard | Mr. Comeback Kid
GMAT 770, GPA 2.8
Stanford GSB | Mr. Greek Taverna
GMAT 730, GPA 7.03/10
Harvard | Ms. Biotech Ops
GMAT 770, GPA 3.53
NYU Stern | Mr. Development
GMAT 690, GPA 2.5
Chicago Booth | Mr. Energy Operations
GRE 330, GPA 3.85
Harvard | Mr. Big 4 To Healthcare Reformer
GRE 338, GPA 4.0 (1st Class Honours - UK - Deans List)
Wharton | Mr. Steelmaker To Consultant
GMAT 760, GPA 3.04/4.0
Duke Fuqua | Mr. Indian Quant
GMAT 745, GPA 9.6 out of 10
Stanford GSB | Mr. Food & Education Entrepreneur
GMAT 720, GPA 4.0
Harvard | Mr. Standard Military
GMAT 700, GPA 3.74
Harvard | Ms. Gay Engineer
GMAT 730, GPA 3.6
Harvard | Mr. Lieutenant To Consultant
GMAT 760, GPA 3.7
Duke Fuqua | Mr. IB Back Office To Front Office/Consulting
GMAT 640, GPA 2.8
Tuck | Mr. Infantry Officer To MBA
GRE 314, GPA 3.4
Rice Business | Mr. Future Energy Consultant
GRE Received a GRE Waiver, GPA 3.3
Berkeley Haas | Mr. Campaigns To Business
GMAT 750, GPA 3.19
MIT Sloan | Mr. Special Forces
GMAT 720, GPA 3.82
Columbia | Mr. Fingers Crossed
GMAT 730, GPA 3.2
Harvard | Ms. Egyptian Heritage
GRE 320, GPA 3.7
Harvard | Mr. Investor & Operator (2+2)
GMAT 720, GPA 3.85

MBA Impact High After Any Degree

SoFi co-founders Dan Macklin (L) and James Finnigan - Ethan Baron photo

SoFi co-founders Dan Macklin (L) and James Finnigan – Ethan Baron photo

It’s a 21st Century paradox: undergraduate education costs have driven student debt up so high that the prospect of incurring additional debt for a graduate degree – even if it will add to future earning power – can strike terror into the bravest heart. But this is a fear of the unknown – a concern that even with improved career and income prospects from a second degree, the tremendous difficulty of digging out from beneath the burden of money owed will persist long into the future.

Now, education lender SoFi has crunched data on 200,000 of its loan applicants, and produced findings that provide an antidote to fear based on uncertain outcomes, and can facilitate effective decision-making about whether getting a graduate degree makes financial sense.

The stakes are ever higher. The Wall Street Journal reported in May that U.S. college graduates this year were leaving school with the highest student debt in history – $35,000, up 75% from $20,000 a decade ago. Is it prudent to add even more debt, in hopes that a graduate degree will increase earning potential to the point that student debt becomes less consequential?

SoFi's data on earnings increases by college major and graduate degree

SoFi’s data on earnings increases by college major and graduate degree

The answer depends, of course, on the degrees involved. A master of fine arts degree may deliver a 12%  lifetime earnings bump for a humanities undergrad, but add the MFA to an undergraduate business degree, and lifetime earnings fall by 11%.