Value of MBA Worth Cost? Infographic

Worth of an MBA
Created by: MBAOnline.com

More People Are Seeking MBAs Now
Most Popular Master’s Degree, Women:

  • Business Administration 11.4%
  • Education 5.1%
  • Social Work 4.2%
  • Elementary Education 3.8%
  • Curriculum and Instruction 3.6%

Most Popular Master’s Degrees, Men:

  • Business Administration 22.3%
  • Electrical Engineering 2.8%
  • Educational Administration 2.7%
  • Business/Commerce 2.5%
  • Education 2.2%

156,200 MBA degrees are awarded annually – More than 3x the amount of undergraduate engineering degrees awarded

300,000 STUDENTS ARE ENROLLED IN AN MBA PROGRAM EVERY YEAR

MBA Programs Are Expensive, the average tuition cost for a 2-year MBA program is 82,147

Tuition from some of the top 100 business schools:

  • Harvard – $112,000
  • Stanford – $110,000
  • Columbia – $115,000
  • Yale – $105,000
  • NYU – 97,000
  • Notre Dame – $84,000
  • Miami – $78,000
  • UC Davis – $69,000

The costs after books, housing, and other expenses puts the total cost at: $120,000. And steep tuition is continuing to climb further while salaries stay stagnant. Meaning it will be harder to pay off loans: For a 10 year repayment plan, graduates will shell out $1,300 a month after interest and fees

  • One in five MBA graduates default on their loans
  • 40% of graduates rely on their parents for loan assistance
  • MBA Students Gain Little Over A Lifetime That’s if they can even land a new job
  • 50 Percent of Graduates get Job Offers (All MBAs)

Lifetime Earnings:

  • High school Diploma $1.6 Million
  • Bachelors Degree $2.3 Million
  • MBA $2.4 Million

12% OF MBAS END UP AT THE JOB THEY LEFT

Less people are hiring MBAs
MBA Unemployment Rate:
2008 7% I-
2009 10% /—
2010 12%
2011 14% 1—
And only 13% will get that consulting job they want.

Industries Among the Class of 2011, by All MBA Programs:

  • 26% – Products/Services
  • 24% – Finance
  • 16% – Consulting
  • 12%- Technology, Government/Non-Profit
  • 8% – health Care, Manufacturing
  • 4% – Energy

Only about 1 out of every 4,000 alumni of top 10 MBA Programs are among the highest-paid executives.
A high school basketball player has a NW better chance of getting into the NBA


An MBA Isn’t A Requirement For Success – 64% of CEOs of the top 100 Fortune 500 companies do not have an MBA

Successful People Without an MBA:

  • Jeff Bezos – Amazon $18.1 Billion
  • Richard Branson – Virgin $4.2 billion
  • Larry Ellison – Oracle $36 billion
  • Bill Gates – Microsoft $61 billion
  • Warren Buffett – Berkshire Hathaway $44 billion

Of all US Presidents, only 1 has an MBA: George Bush

The Cost Starting A Business Is Only A Fraction Of Tuition For An MBA
Revenue after the first 2 years

  • Ebay- $47.4 Million
  • Facebook – $48 Million
  • Google – $86.4 Million
  • Amazon – $147.8 Million
  • Groupon – $713.4 Million

Instead of spending 2 years in class, entrepreneurs are busy starting wildly successful businesses. Starting a business and creating an iphone app costs about $5000 – 5% of what it would cost to get an MBA at Harvard.

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