Consider this post on Management Issues that states:
Having an MBA boosts your average salary by 18 per cent upon graduation and more than 50 per cent thereafter. But the premium placed on the qualification has fallen sharply.
So here's my question: If you are young, working, and making a good salary, what exactly does a MBA do for you? I've figured out the following:
- It gets the 3 letters on my resume that may be the difference between my resume going in a trash can or getting into the second round.
- If I go to a local university, it gets me more contacts than I have now.
- If I try to get into a top ten, it gives me the ability to apply to jobs that require a top ten degree and gets me a significantly more diverse group of contacts.
Then the question is whether or not I can afford to not work for 1-2 years to go to school full-time, or if I enroll in an executive MBA, I can continue to work and earn a salary, but have little to no free time and restrictions on how much I travel.
Anyone want to weigh in?