The cost of an MBA program worth

Bloomberg Business week talks about the top 10 MBA programs in the country and how the average cost for an MBA is 111,000 dollars. This might seem really high to some people, but research shows that from 2004-2012 the median debt load of business school grads has remained steady. This indicates that most MBA college students can afford the cost of tuition. Most MBA students have been in the workforce for awhile, which has allowed them time to save money to put towards tuition. Also many companies offer financial assistance for college tuition. There are many factors that attribute to rising cost in MBA tuitions. It’s important to keep in mind that as tuition rises so doesn’t the starting salary at most companies. As the cost of living goes up companies realize that they have to pay for quality workers. Then is important to consider the benefit of an MBA degree and how that can improve your financial situations. According to Quacquarelli’s company survey the average MBA salary starts at 93,000. So the question you have to ask yourself is the cost of an MBA program worth it? I think that the cost is worth the reward. The cost of an MBA program is a lot, but it is something that you plan. If you save your pennies and get financial assistance from your employer the cost is manageable. It is not just a financial decision it is also personal accomplishment. Regardless the cost you have accomplished something that many people dream of. The outcome from an MBA program can be prosperous for your career path. It can allow you to scale quickly and reach your ultimate goal. Not to mention that it can also be very financially rewarding. Reference Clark, Patrick. (2014, March). Debt is Piling Up Faster for Most Graduate Students-but Not MBA’s. Retrieved from http://www.businessweek.com/articles/2014-03-25/student-loan-debt-piles-up-for-graduate-students-but-not-mbas#r=nav-f-story.