{ "media_type": "text", "post_content": "Vast majority of MBA programs seem to have a higher median income to debt ratio, so seems worth it overall. Obviously top ranked programs tends to lead to higher salaries and depends what you were making going into a program, but generally seems like a good investment.", "post_id": "610960fccbd065002a7f97ff", "reply_count": 20, "vote_count": 5, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Vast majority of MBA programs seem to have a higher median income to debt ratio, so seems worth it overall. Obviously top ranked programs tends to lead to higher salaries and depends what you were making going into a program, but generally seems like a good investment.

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This doesn't mean a whole lot. If you were to plot the income to student debt ratio for amazon delivery drivers they would all be infinite. They need to compare the difference in income (pre vs. post) against debt. For example am I earning $100k more after going into $100k debt. That view would probably make law school look a bit more appealing since most are coming straight from undergrad and would be entry level salaries if they were working. MBAs often already have highly paid jobs.

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For contrast, here's the same chart for law programs

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Well you're graduating with potentially 280k in debt, working a 200k job. So yeah debt to income is high, but thats a very different and much more manageable reality than graduating with 100k in debt to 60k job, for example.

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I could be an outlier, but it was an exceptional investment for me. That said, I went to a state school in Florida and paid under 10k total for an AACSB accredited program. I then moved back to NYC metro and took advantage of the significant difference in opportunity and income.

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Is it correlation or causation though? Can you reach those same target income or positions without paying $200k+ and also forgoing 2 years of salary?

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Yeahhh but everyone I know from MBAs at my school had quite a big “college fund” to help them out in grad school

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In general (although I too have been a victim of it), any investment in education doesn’t make sense to me.

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Education absolutely hurts financially if you are both paying and also not making money, and a field of study was selected without a basic ROI calculation. The student debt crisis is an economic disaster dressed up as being enlightened because someone is “educated.”

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University of Miami and several other "well-regarded law schools"... I'm sure the U has a decent program and the students feel proud of their accomplishment in going there, but if you aren't going to a top 20 school then taking out 200k in loans is a terrible idea

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