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Don’t Go into Debt for an MBA

Written by Gary North on January 8, 2013

If your employer foolishly offers to fund a night school MBA, you might consider it. But if you must spend $30,000 to $100,000, skip it.

The top schools get $150,000. There are half a dozen that may pay off: Harvard, Chicago, Wharton, Stanford, and maybe a few otherwise. These are the diamonds. The rest of the schools are rough.

You are buying lifetime contacts in the biggies. You are buying self-esteem in the others.

If you spent the same amount of time mastering direct-response marketing for under $500 in books (used, Amazon), you would be far better off.

If you can get a consulting job part-time, take it.

If you think an MBA from some school will help you, find out before you write a check. It may not help.

Doubt me? Read this Wall Street Journal article.

Continue Reading on online.wsj.com

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2 thoughts on “Don’t Go into Debt for an MBA

  1. "The rich ruleth over the poor, and the borrower is servant to the lender." (Proverbs 22:7)

  2. PrincessPhilly says:

    An MBA is worthless. I spent $30,000 and got lower pay and a shithole job.