The Real Cost Of An MBA

July 4, 2:26 AMBusiness and Finance ExaminerMarv Dumon

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Given economic uncertainties, professionals who have been laid off or consider themselves to be underemployed are contemplating whether or not to pursue a Master of Business Administration (MBA) program. While such a route offers potential career flexibility, enhancement and advancement opportunities, it can also come with a steep price tag. Higher education costs in the United States have outgrown the rate of inflation, and getting an MBA has associated tuition expenses along with rent and book costs. MBAs, especially those who go to private business schools, can accumulate and incur between $100-200 thousand in debt and expenses in just over a two-year period. For those that are highly motivated to secure a MBA, are there alternative options one can explore in order to both receive the degree as well as minimize the costs? (With job opportunities rising daily, find out if you need an MBA to stay competitive, read Should You Head Back To Business School?)

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