Ramit Sethi breaks down whether an MBA makes financial sense. Count the real costs: lost wages, tuition, and six-figure debt against your expected salary bump. Top-tier programs show better ROI, but graduates from second-tier schools often don't earn enough more to justify what they owe.
Just realize that if you get an mba, you have to understand why it is you're getting it. Do you know for a fact how much your MBA is going to return for you? Because remember, not only are you losing out on your lost wages, you're paying a lot of money for that MBA in general. And maybe I'm a little snobby, but I personally would look at going to a top tier MBA school or, or maybe not at all. Again, that's from an ROI perspective. There are other perspectives, like what kind of, you know, do you want to make new friends? Business networking, that kind of stuff. Then an MBA is a six figure debt that you're going to go into. So you got to think it through carefully. And a lot of people I know go to sort of like second tier MBA schools and they come out and they're like, wow, I'm making the same I made before or maybe $5,000 more. I can't believe how much I'm in debt. Well, I can, because you can look up exactly how much MBA grads make from different school.
