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To be brutally honest, MBA's are only worth what someone is willing to pay for them, which in turn is directly correlated to how much they can make off of you... Unless you are going to be able to go into investment banking or management consulting via your MBA, then it probably isn't worth it from a financial prospective. That said, unless you are going to a top 20, maybe top 25 MBA program, you won't have the opportunity to be recruited for ibanking or mc, so take that for what it is.
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A Master's degree is about refining and mastering a specific set of skills. A Master's degree is not about teaching you a new trade.
To be brutally honest, MBA's are only worth what someone is willing to pay for them, which in turn is directly correlated to how much they can make off of you... Unless you are going to be able to go into investment banking or management consulting via your MBA, then it probably isn't worth it from a financial prospective. That said, unless you are going to a top 20,
maybe top 25 MBA program, you won't have the opportunity to be recruited for ibanking or mc, so take that for what it is.
This post nails it.
Be really careful with MBA programs! I've known lots of people that got an MBA in a low ranked MBA program and it didn't do a whole hell of a lot of good. I was fortunate enough to get into a top 10 MBA program and it's been a great career move. I was able to double my salary in only a couple years post MBA and I have a ton of career options ahead of me.
MBA programs don't really teach you anything beyond basic business knowledge. The value of the MBA program is not the coursework, but rather the reputation of the school and the alumni network.
That being said, there are business schools out there that aren't in the top 20 that have really good reputations locally. If you know where you want to live post-MBA, those schools can be a worthwhile investment. A great example is UT Austin. It's typically in the top 20 in rankings, but if you're looking to stay in Texas, the school's brand in Texas punches way above it's national ranking.
Check out this website: http://poetsandquants.com/
It gives you some great advice on schools and the application process.
RF