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Analyzing the Value of an MBA

  January 14, 2014  |    #Eliminate Debt

Odysseas Papadimitriou, the founder and CEO of CardHub and WalletHub, assesses the value of his MBA from Fuqua School of Business at Duke University.  He comes to the conclusion that his MBA was redundant to his undergraduate education, a dual degree from Brown University of Economics and Civil Engineering.

While the questions he poses are directed to valuing an MBA, they’re good questions to ask when considering any post-secondary education.  These questions of his include:

  • What type of career do you envision having ten years from now?
  • To what extend has your educational and professional background prepared you for that career path?
  • What complimentary skills must you accrue to succeed?
  • How will you manage rising tuition costs?
  • What is the projected return on investment (ROI) of your education?
  • Where do the schools you’re considering rank against their peers?
  • How long will it take you to “recoup education costs through post-graduate earnings”?

Depending on your answers to the above questions, traditional college may be right for you.  It , also, may not be.  Trade school, community college, online education, junior college and on-the-job training may be better.  Be honest and do what’s right for you and your situation, as you will likely be the one that has to pay back student loans for the next 30 years.

Finally, heed Papadimitriou’s sage advice and “don’t let parental or societal expectations divert you from your pursuit of personal and professional happiness”.

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