Thinking About Getting an MBA? Here's What You Need to Consider
Whether you're looking to break into a new career or grow your current one, you may be toying with the idea of getting your MBA. Like any other advanced degree, an MBA could open the door to a world of new opportunity. Once you have those three letters next to your name, you may find that you're offered higher-level positions at salaries that put your current compensation to shame. But before you take the plunge and start filling out applications, you'll need to think about whether that degree is really worth pursuing.
It's unlikely to come as a shock that MBAs can be expensive, but you may be surprised at just how much you stand to spend. According to U.S. News & World Report, in 2016, the average cost of tuition among the top 10 business schools in the country was over $125,000 for a two-year MBA program. And that's just tuition. If you're forced to relocate to attend a top university, you might spend considerably more on housing and the like. Of course, not every school costs quite as much, but you should still be prepared to spend a bundle on tuition for a two-year degree.
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Source: Fool.com
