Posted by Bob M on June 26, 2011 at 20:57:39 from (67.240.171.41):
In Reply to: Masters Degree posted by JDB on June 26, 2011 at 19:32:36:
I took advantage of my employer's tuition reimbursement plan to earn an MBA in engineering management, finally receiving my degree at age 34.
Was it worth it? Since it cost me nothing besides my own time I gotta say yes. My degree helped me advance into management quickly over my non-MBA coworkers (mostly BS/MS-degreed engineers). Also there's the intrinsic satisfaction of having earned an advanced degree.
However if I had to pay myself for an MBA today (around $75K for a masters at current tuition rates) the answer is not so clear.
Consider taking that same $75K and invest it in Roth IRA right now. Then factor in your lost earnings while you study, the additional expense of books, computer(s), etc. Your MBA is gonna have to result in a pretty significant increase in pay over the rest of your working years in order for you to simply to break even.
Keep in mind also that once you've landed a higher paying position based on your degree, career advancement beyond that will be based only upon your results (your boss is gonna keep asking: What have you done for me today?). Your MBA will mean nothing.
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These are my thoughts - your results may vary. Best of luck to you however you decide to proceed!
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