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Is the MBA at this point of time in life worth it ??????????

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Is the MBA at this point of time in life worth it ??????????

by poorvi » Fri Aug 20, 2010 5:20 pm
Hi all,

I am sure this question might have been asked so many times already , but im compelled to ask the same as i am seeking honest advice for my specific situation.I have been doing research online regd the same and there are mixed opinions and advices there. Hence posting this here..

I am 27 yr female with a bachelors degree in Electronics and communications from India. I have been working in the IT industry for the past 6 years. I have around 4 years experience (in India) and 2 years International Experience ( in the U.S).
I am an IT Consultant and there is good money for me in this ( app 90 k -100k per yr) but i dont see myself working in the same field doing the similar kind of work 5 yrs down the line.

I have been looking at the top 20 B Schools and their programs respectively . They cost around 120k for 2 yrs and i have to mention this : i am not a U.S Citizen , hence i am not qualified for Federal Aid too. that makes it very expensive for me.
I know there are scholarships ...bt there is no guarantee there rite?

I need to mention some personal details here :: i am a 27 yr female ..married ( no kids yet) , but have to have them eventually...so even if i apply next year , i will be 31 by the time i graduate....hence will be risking the kids option a little....

so the million dollor question : Is pursuing an MBA at this stage leaving a good paying job , nt working (hence not earning) for 2 years and ending up in debt (worst case scenario) and also risking option of having kids worth it ????

Please help !!!!!!!!!

Thanks,
Poorvi
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by Tani » Sat Aug 21, 2010 2:15 pm
You have asked the one question no expert can answer for you. You are certainly not too old to be going for an MBA. In fact, you are just about at the average age for a lot of programs.

You say you do not see yourself doing the same thing in five years. An MBA is probably the best bet for a career change; you would broaden your skill set considerably and open many more options.

The money issue is, of course, huge. Lost income as well as investment. From a financial perspective alone, you can look at your target schools and see what their graduates are earning first year out and then do the math. How many years would it take to pay back your lost income and living expenses? Spread over another 30-40 years' of professional life the payback can be enormous, but the timeline may be problematic for you.

I understand the having kids issue. That is often cited as a key reason driving top female applicants to law school straight out of college rather than spending years in the work force before going to B-school. I had my children at 30 and 36, so you certainly aren't out of the picture at 31, but that is something between you and your husband.


In summary, you can find plenty of people to argue on either side of the issue. In the end, you must really WANT an MBA for it to be worth the sacrifices. The two years' schooling will be demanding, but rewarding. You will make many valuable and interesting connections with people from around the world. You have asked all the right questions, but you need to look inside yourself and talk with your husband to answer them.

Good luck!
Tani Wolff
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