Is an MBA Worth the Money?

October 25, 2010

Whether an MBA is worth the money can be answered in two words – it depends.  The type of graduate degree, your industry, the graduate school, your goals, the cost, and many other factors determine whether it would be worth it to you.

I spent several years going to school in the evenings to get a Masters degree; it’s a big commitment and can be very expensive.  When people ask me whether it was worth the money, I say it was for me but that doesn’t mean it would be for you.

This week we’re going to go into some detail about choosing an MBA program, paying for a degree, online degree programs, and how an MBA can impact your career.  I’ll share my experience with going back to school and we’ll hear from a few other people as well.

Kimberly Palmer of US News & World Report recently released a related book called “Generation Earn”, and she’ll offer some tips for MBA seekers.  You’ll also read some Masters Degree Q&A with other personal finance bloggers who have earned an MBA or are currently pursuing one and have a few nuggets to share.

Here are some articles to check out when trying to decide whether an MBA is worth i.


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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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