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To build on this for others wondering, back when I was considering an MBA program, Wharton had the most reliable numbers [1]. Median base comp for grads is now
by mdorazio 7y ago
To build on this for others wondering, back when I was considering an MBA program, Wharton had the most reliable numbers [1]. Median base comp for grads is now 130k, at graduation age around 28-30. Really not that great these days. The other problem is when they talk about a salary bump from when students enrolled, they tend to ignore that students likely would have gotten a significant raise + promotion in the same amount of time as the program took to complete, so the perceived value increase is likely overstated. As the GP comment states, for specific career tracks where an MBA is expected and highly rewarded, it's worth it. But for most career paths, the financial ROI is no longer there, especially in tech.
I will say that I think a lot of people can benefit greatly from learning basic accounting, finance, statistics, and microeconomics especially people who want to be entrepreneurs. But you sure as hell don't need to attend an MBA program to learn these things. Also, a lot of the other MBA coursework around things like marketing, global trade, operations, and management is either not even close to practical in a small business environment, assumes you'll be managing people who actually know what they're doing, or is useless without actually having significant real-world experience to match the theory.
[1] https://mba.wharton.upenn.edu/value-wharton-mba/ https://mba.wharton.upenn.edu/value-wharton-mba/