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MBAs Cost More and Are Less Profitable as ROI Falls
Getting an MBA in the US has gotten a little more expensive and a little less profitable, according to a Bloomberg analysis of salary and tuition data. From the report: This year's update of Bloomberg's Business School ROI Calculator, based on surveys of more than 9,500 students and alumni, projects...
In other words, the MBA pay edge -- the compensation boost graduates get for the degree -- shrank. In the broader US workforce, the average high-skilled worker's earnings rose 4.7% in the year ended July 31, Federal Reserve data show. Other factors didn't help: The increase in pre-MBA salaries meant students were forgoing more income during their studies.
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