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.