I do not understand why anyone will pay $100k+ , plus loss wages to do a MBA. It is like spending $60k on a phd just to be an adjunct. The post mba salaries are not that great. Designations like CPA, PMP offer better value. https://ca.finance.yahoo.com/photos/top-20-mba-schools-that-offer-the-best-value-for-money-slideshow/top-20-mba-schools-that-offer-the-best-value-for-money-photo-1402304335602.html;_ylt=AtYbTTkUCFhJt4GQOz9uWftWVptG;_ylu=X3oDMTNrbzVvNDVvBHBrZwM0OTU3ODBmMC1lZmI0LTExZTMtYjQ3Zi1jODQwNzgyMzkzYTUEc2VjA01lZGlhQ2Fyb3VzZWxQaG90b0dhbGxlcnlDQVhIUgR2ZXIDNDk4NmNlNTEtZWZiNC0xMWUzLWJlZjYtNDUyNzJjMzk0NGNl;_ylg=X3oDMTBhdnVpNmo3BGxhbmcDZW4tQ0E-;_ylv=3
There is also hidden value in a lot of these programs that are not reflected in the salary. For example, a lot of Canadians take MBAs in the US or Europe mainly so they can immigrate as having access to career services makes the job easier. The same can be said of a lot of low profile MBA schools in Canada, Vancouver is full of very low profile MBAs (E.g. Canada West University) that are doing fine mainly because international students that have the goal to immigrate to Canada. There is a market for low profile PhDs, mainly people that do it for egos and others because are professional adjuncts an just need it to remain in business or others because they want to make money on the side as adjuncts. 60K is actually at the low end for a PhD, a prestigious PhD costs about 60K or more a year. We have argued that a UNISA PhD makes more sense for someone aiming for an adjunct career but also programs from South African schools are rigorous and demand a lot of work, people prefer to pay 60K if the work is minimum (e.g. 3 years part time while working in a full time demanding job) and just enough to justify a PhD or DSomething (e.g. DBA. DCS, EdD)
Your point may be valid, but you need to consider that there may be professionals out there who have other unrelated business interests fueling their pursuit for an MBA. Those same individuals might also equate the life of a CPA as their version of hell. I do agree with you related to the cost of an MBA, but to each there own. Personally, my MBA is not only free, but I also get paid for going to school; but my experience is not atypical. Just my .02 cents
There are certain Hi income jobs where an MBA from an elite business school is one of the key factors in whether or not you get the job. By elite, I am not just talking top tier, but rather the top 20 (in some cases, the top 7) business schools in the world. Some of these jobs include working for top tier private equity firms (think Bain Capital), or top tier management consulting firms (think McKinsey & Company), or top tier investment banks (think Goldman Sachs). Can you get jobs at these places (particularly in the Leadership positions that MBAs play) without an MBA from a top school? Absolutely. However, it will be significantly harder than if you had that elite credential and access to your school's network. What many people don't get is that a lot of those jobs that pay the ridiculous salaries are jobs that most students at non-elite never even had a chance at getting an interview for. On campus recruitment is a big deal. If your school does not have on campus interviews with the the top tier finance firms, it will be exponentially harder for you to get an interview (and subsequent job offer) on your own. This is not to say that everyone should aspire for an elite MBA, or that all who get an elite MBA will get a good return on their investment. I know guys who went to Booth (University of Chicago's B-School) and Kellogg (Northwestern's B School) who are barely making $50K. Some have been chronically unemployed. Both schools are in the top 7. An MBA from those schools is not an instant millionaire ticket. You still have to work hard and thoroughly plan your career path. However, if you know where you want to be, and you know that most of the people who got there have MBAs from elite schools, it is probably in your best interest to follow the proven path.
I did not do it for my ego...I already knew I was great because my mom told me so! :wavey: If $60K is a low end PhD, mine must be dirt because it was $25K when I got it but only cost me $3K out of pocket (thank you tuition assistance)! Besides you, who else argued this? I would not have consider UNISA because the site was difficult to navigate and if I could not get around the site and get a response from them, how difficult (or impossible) would it be to work through the dissertation process?
