Hult's DBA (Online) - 2021

Discussion in 'Business and MBA degrees' started by chrisjm18, Oct 13, 2020.

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  1. chrisjm18

    chrisjm18 Well-Known Member

    Doctorate of Business Administration (DBA)
    Study part-time to earn a U.S. accredited (NECHE) doctoral degree and accelerate your career with minimal disruption to your work and home life. New program due to launch in 2021, subject to approval.

    You’ll take part in online sessions approximately once every two weeks and convene with your peers three times a year on a Hult campus (London, San Francisco, or Dubai). After 2.5 years (or 30 months), you’ll graduate with a US accredited doctorate degree and the skills to improve business practice around the world.

    Hult is recognized by business education’s three most prestigious international accrediting bodies: The Association to Advance Collegiate Schools of Business (AACSB International), Association of MBAs (AMBA), and EQUIS (The European Quality Improvement System). We are the first and only business school in the U.S. to achieve this triple accreditation, which is held by just one percent of business schools worldwide.

    Global Fee (USD) - $95,000

    https://www.hult.edu/en/programs/dba/
     
    SteveFoerster likes this.
  2. Marcus Aurelius

    Marcus Aurelius Active Member

    Overpriced.
     
    Maniac Craniac likes this.
  3. Rich Douglas

    Rich Douglas Well-Known Member

    Why?
     
  4. TEKMAN

    TEKMAN Semper Fi!

    Hult International Business School is well known with triple crown programmatic accreditation. However, the tuition price tag is expensive, unless you make at least $300,000.00 per year; and there is an executive position waiting for you. Otherwise, it is not a good return on investment.

    Alternative: Grenoble Ecole de Management's DBA's $75,000.00, ESCP Business School's Executive Global Ph.D in Business for $75,000.00
     
  5. Rich Douglas

    Rich Douglas Well-Known Member

    I'm curious how you came to that figure and conclusion?
     
  6. Johann

    Johann Well-Known Member

    So am I. The only rule of thumb I've heard was "try not to pay more for the degree than you expect to earn in your first year of work after graduation." That would mean $95K in this case. Maybe TEKMAN just has higher earnings expectations...

    And people may be right in saying it's overpriced - but it seems for "Triple Crown" business schools, this isn't out of the ordinary. IMD - a well-known Swiss (Cantonal) school has the same programmatic accreditation (and zero institutional accreditation, the same as all Cantonally-licensed schools). It charges about the same amount, $95K, for its MBA! They fill the seats - but then Lausanne is a pleasant place to spend a year!
     
    Last edited: Oct 14, 2020
  7. Johann

    Johann Well-Known Member

    If only I could afford it....
     
  8. TEKMAN

    TEKMAN Semper Fi!

    My conclusion is based on my own situation, I can't afford that price tag with $210K. :D
     
    nomaduser likes this.
  9. chrisjm18

    chrisjm18 Well-Known Member

    Based on this "rule of thumb," I guess my $26k Ph.D. from Liberty is not a bad investment after all...
     
    newsongs and Johann like this.
  10. nomaduser

    nomaduser Active Member

    Exactly... unless you're making more than $200,000 a year, their price doesn't make any sense.
     
  11. Johann

    Johann Well-Known Member

    Hugely good investment, Chris! In today's market, simply amazing.
     
    chrisjm18 likes this.
  12. JoshD

    JoshD Active Member

    Seems reasonably priced. However, this coming from a guy paying $66,000 for a MS from Duke Fuqua.
     
  13. Johann

    Johann Well-Known Member

    I think it might be the opposite. The more you're making before earning the degree, the less (at least percentage-wise) the degree will add to it.

    E.G - if you want the degree to add $100K to your earnings, isn't it more likely if you earn, say $75K now, than it is if you earn $200K pre-degree? Aren't the chances better that you'll go from ~$70K to $150K with the degree than they are of going straight from $200K to $300K? Doesn't the market get rapidly thinner the higher you go? Not that I'd know, myself. Been retired for 27 years now and never made the big leagues. Just asking. :)
     
  14. Johann

    Johann Well-Known Member

    Don't worry, Josh. I smell a big payday for that guy, right after graduation! :) And you'll deserve every penny.
     
    Last edited: Oct 14, 2020
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  15. Rich Douglas

    Rich Douglas Well-Known Member

    I paid about $70K for my Union degree. The result was a major career upgrade. The ROI after 5 years was 628% (Annualized return of 49%, which has continued since.)

    I paid less than $20K for my Leicester degree. The ROI on that is...let me run the numbers...ah, here it is: 0%.

    Which was the better bargain? Depends on what your point of view. That's why I call it an "investment," because you can't just look at cost.

    (And no, I certainly didn't have that kind of money lying around for my Union degree. I financed it with student loans, which loomed large then and look considerably less so anymore.)
     
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  16. Johann

    Johann Well-Known Member

    Thanks, Rich. Kinda proves my point. I have no doubt both degrees were good investments, but of course the ROI differs markedly. One major reason as I see it: It's pretty unlikely to get a major income bump (or possibly one of any significance at all) from ANY degree if you're advanced in your career and have merited quite a few good salary bumps along the way.

    Of course, I'm sure you didn't earn the second degree for strictly monetary reasons and yes - if it improved your knowledge and skills, in the manner and degree that you intended - it was a great investment, regardless of ROI. Your first doctorate took care of the ROI part handily.

    As I said before, the better you are doing financially before you (anybody) earn a degree, the harder it is to get a king-size ROI from it. As Rich says, the degree may do other things for you that make it a good investment in other terms.

    I just don't get the proposition that one has to be earning megabucks to get the best financial return from a degree, as TEKMAN and nomaduser assert. I think it's the opposite, in most cases.
     
    Last edited: Oct 14, 2020
  17. Maniac Craniac

    Maniac Craniac Moderator Staff Member

    I submit:
     
  18. Johann

    Johann Well-Known Member

    @Maniac Craniac Oh wow! I don't think there's ANY MBA that will enable results that spectacular - at least more than once in a blue moon. Try starting a hedge fund and hope you get lucky! You MIGHT want to earn a B.A. in Economics from Wharton School (U. Penn.) This guy did and made BILLIONS - he says. No wonder he's smiling. Doesn't seem to do so much of that, these days. I guess what they say is right - money doesn't always bring happiness - but it buys some DARN good substitutes.

    https://upload.wikimedia.org/wikipedia/commons/5/56/Donald_Trump_official_portrait.jpg
     
    Last edited: Oct 14, 2020
  19. Johann

    Johann Well-Known Member

    @TEKMAN Do you think there's a realistic chance that graduation from your chosen MBA program (Imperial College) will result in that 7-figure salary you mentioned? :confused:
     
  20. TEKMAN

    TEKMAN Semper Fi!

    You have the money! :D I am afraid of student loan. Maybe I am too frugal, I have a price cap on a Master degree from a top school for no more than $50,000.00. And a Ph.D should not exceed $75,000.00, or under $50,000.00 from a decent school.
     
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