An interesting little calculator from Forbes re: value of MBA

http://www.forbes.com/2007/08/15/business-school-calculator-cz_07mba_calc.html

Granted, it only shows their top 20-ranked schools, but it's pretty interesting. I would be nice to see something similar for the likes of Amberton.

 

Well actually it lists about 75 schools.

But it is based entirely on the user's own entry of his/her salary now, his/her expected salary after the MBA, and his/her prediction of the rate of salary growth . . . so the only thing the algorithm provides is the tuition at the chosen school. It would be easy enough to do the calculations for Amberton or World Information Distributed University or any other.

My salary now: $12,000
Tuition: $50,000
Anticipated salary: $250,000
Rate of salary growth: 20% a year
So I take 2 years for the MBA, losing $24,000 in salary and spending $50,000 in tuition. Years 3, 4, and 5: I earn $910,000 and subtract $72,000, so I'm $838,000 ahead, compared to working the McDonalds drive through.

 

Well actually it lists about 75 schools.

But it is based entirely on the user's own entry of his/her salary now, his/her expected salary after the MBA, and his/her prediction of the rate of salary growth . . . so the only thing the algorithm provides is the tuition at the chosen school. It would be easy enough to do the calculations for Amberton or World Information Distributed University or any other.

My salary now: $12,000
Tuition: $50,000
Anticipated salary: $250,000
Rate of salary growth: 20% a year
So I take 2 years for the MBA, losing $24,000 in salary and spending $50,000 in tuition. Years 3, 4, and 5: I earn $910,000 and subtract $72,000, so I'm $838,000 ahead, compared to working the McDonalds drive through.