An interesting question was posed to me today. Thought I'd post it here and see what folks here would think of it:

If you are approaching age 40, is it too late to join an MBA program?

I am not talking about one of those Blue Chip MBA programs like Wharton or Stern.

The type of programs in consideration is more of mid-tier... like that of UCLA's Anderson or Rice's Jones... or even lower tier like Monmouth or Strayer.

I would like to get an MBA, but am not sure whether to do it now or later. Decisions, decisions, decisions....

sgy,
thank you for doing the calculation (O:
hmm.. how about this bachelors in 22. first masters in 28. second masters in 29. Phd in 32. and mba in 40.
start evaluating opportunity costs and $$$ spent in education. this person is a sure nuts (O:
he has no value for money. (O: and obviously has no money. he is in a virtual desire to accumulate degrees... hoina ta.
see if you want to calculate return (ROI) (in terms of education) then its a lost cause. I will give you an example.

Average cost/yr for Bachelors $25k/yr = $100k
now let's assume that someone went to a technical school and did plumbing and/or electrician
he will have to start as a apprentice. they get paid like $15/hr. assume that he worked just regular hours for first four years. $15*2080*4=$124,800 (i.e. $31,200/yr)

while the person with bachelors is in hole for $100k
this person with plumbing/electrician work already made $124,800

Now, after graduating from bachelors assume that he starts with 50k with benefits. thats like 65k in real terms. This apprentice takes L1/L2 license. then he makes now $75/hr. @ minimum makes $50/hrs hmm. regular work ($50*2080)=$104,000/yr
i know that in time the person with bachelors will rise up to $104k lets say in 5 years. and this apprentice gets no hike in his pay.
so in 9 years this person with high school education and some technical training he took in high school is ahead by (124,800 + 39k*5 + 100k) = 419,000
hmm. so figure out your self how long its going to take for the poor guy to catch up (O:

so interms of finance is it(education) ever a good INVESTMENT?

I am all ears.. if you can explain to me (O:

ThapaP bro This calculation ..i had already shown in sajah..Copy cat ..hehehe..MEOW...MEOW..

IS EDUCATION GOOD INVESTMENT??
-EVEN THOUGH THERE ARE NOT TOO MUCH FINANCIAL ADVANTAGE DUE TO STRUCTURE OF MIDDLE CLASS IN US .IN OTHER COUNTRIES..THERE IS GREAT TO LOSE OR GAIN.

ImI,
sorry.. hai did not mean to be a copy "cat" meowwwwwwwww

ani ImI hajur pani biralo (O:

Disclaimer : for above calculation SOURCE is ImI's post somewhere else. i have no clue (O:

hahaha...

Haina ..not exactly the same calculation but i somewhere mentioned same concept bhaneko..

MBA from Norhwestern would be so cool..what u think???

mba from kellog (O:
sounds like cereal but of course u will be malamaal with cat food meowwwwwwwwwwwww (O:

u cant even decide whether u should join MBA or not.If u cant decide even for urself then its no use to do MBA.U better quit it