Does anyone regret their MBA and the student debt that came along with it?

likeuplifting
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Thought it was absolutely worthless and stupid expensive. However, it was and enabler in starting a level higher in consulting. Also, not all MBAs are equal. Different tiers open more doors, and provide better networks. They still require you put in the work to get the return of course. In hindsight I think law school would have been a better fit for me, however, not to be a lawyer, but to be a consultant. Law school is all about structured thinking and communication. Whereas business school is a summary overview of the main functional parts of a business.

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Lol at law school. Longer, more expensive, fewer high paying jobs

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It was 1995. I was the developer who wrote a large financial services compensation system. I was 50% of the way through my MBA taking it an night. Since I wrote the comp system, just for kicks I looked up the salaries for all the MBAs in the company. I was making more than 60% of them in my mid 20s. Next day I dropped out and kept the remainder of my $$$. College is a scam !!!

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D1, law school makes more sense for some areas. I am in AML and an MBA would be worthless compared to a JD

likefunny

The debt sucked but it was a much needed break for me and I came out with a huge increase in salary. I would say it’s worth it but not for everyone. Dunno how he married folks do it

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There are only 2 kinds of people who feel their MBA is worth it: 1) international students who want a foothold in the us job market 2) Former frat dudes who want to feel like they are 18 again

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Is an MBA worth it if you have the cash to pay outright? Or would the money better go towards house, stay in investments, etc I went to a non-target state school and want to go to an M7 to have that better alumni base as I currently have zero in any positions I would like to move to

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JD here in consulting and I really like it. While law school is longer, it’s not necessarily more expensive. Law schools give scholarships (I had 27k of 44k tuition). I do regret not doing a JD/MBA while in school, but only for extra letters after my name and maybe some networking. I don’t think an MBA would provide me with significantly different or more valuable knowledge. There’s a LOT of business in law, depending on what you study!

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^alumni can help you but to me it’s 2nd to the real professional relationships you build over time. If you go to bschool expecting alumni to help you after, you’re sadly mistaken. However some of the classmates that you meet will be your friends for a long time and most of them will be very successful in their career. That’s the true value in the network. At the end of the day, it’s still what you make of it. Does it justify the debt? Not entirely but it justifies the experience. That’s also why you don’t see a lot of older full time MBA students because they most likely already have a pretty good network and the opportunity cost only increases as you get older

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Naturalized, non-white immigrant who grew up poor. But hey, proud to be an American so you got that part. Life doesn’t work for everyone, and if you got “exactly what [you] wanted from MBA - a great job” I hope it was worth it for you whether you got the added social perks or not. Happy Sunday to you - hope we can be grateful for the privileges we all have

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SC2 I didn’t learn squat in business school. If you’re going in thinking you’ll learn something you can’t learn on your own, you’re dead wrong. It’s 5% learning, 25% networking and 70% just having a good time. Maybe this is why my debt skyrocketed 🤔🤣

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Omg youre in AML???? Definitely get out asap

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Way over-generalized, Mck1. Loved MBA. Paid full fare. Many of my close friends enjoyed it as well, and we think fondly of those times / wish we could go back. OP, like with all things, it depends heavily on an individual’s goals and anticipated ROI. I went to become a consultant, travel, and make even more friends in business (my ugrad friends were lots of meds/lawyers) and am extremely satisfied with how things turned out. I do know other people who had more difficult goals (e.g., top hedge funds/PE/VC, non-traditional to MBB/top banks, non-engineer to technical PM, etc.), failed to reach them and regretted the choice.

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Mck2 - based on your “fond” memories of all the ski trips and other “academic getaways” around the world you likely had during your mba, I am going to over-generalize again and guess that you are likely white, American, and come from a background of privilege (apologies if I am wrong on this :P). As an international student, my mba experience I feel got me exactly what I wanted - a great job. Period. But the two years I spent in the program yielded zero value socially. Apart from the occasional awkward house party where I would get asked by drunk men/women “do all Indians smell of curry, brah? Don’t worry brah you’re cool, just wonderin’ about the rest". I maintain far better relationships with Americans I have met at work. Therefore, please don’t be so quick to brush off criticism of the mba experience. Just like everything else in life, it doesn’t work the same way for everyone.

uplifting

Worth it for me. Had a 50% scholarship to top 10 school tho so not as much debt and great door opener for consulting.

It's a check box for many interesting jobs. If I could do it all over (back to HS) I would have done CS or CE

EY 1- why would I get out of AML? Guessing that's a joke?

No regrets at all, though as others have suggested, it depends a lot on program (M7 vs. top 100), FT vs. PT, and what you want out of it. If you need it to break into something that requires it, then it can be worth it, but FT at a top 100 to “check a box” seems like a waste of money.

There is so much more than that... recruiting opportunities, networking, friendships...

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