As I sit at my computer at 11:10 PM, after having completed our ECON 6200 "Pre-Built " online assignment for chapter nine, I wonder if the benefits of an MBA exceed the costs of an MBA. The benefits, as I see them, are a higher salary, sense of accomplishment, and a gateway degree to a doctorate degree in business. The costs, as I see them, are actual tuition costs and time forgone that I could spend with family or pursuing other interests. Add to the mix: SUU is not a top-tier business school that will not command top salaries (see this link for some crazy graduating MBA salaries: Show Me the Money) upon graduation, but still a solid AACSB accredited state university.
So, is all of the time, effort, and money really going to translate into a higher salary? The good news is, after doing a little research, the MBA program appears to be worth the cost, time, and effort. An article in Forbes provides insight into that answer: MBA Pay. There is only one problem with the article: the data Forbes based their article on came from only the top fifty business schools. Data on non-top fifty business schools is scant, but I did find one good article: Looking Up. Do you feel the insights provided by the articles mentioned can generally be transferred to our MBA experience here at SUU? How about for MBA graduates who have come directly from an undergraduate degree into the MBA program without any job experience in between undergraduate and graduate studies?