MBA

Online calculator. Tuition cost. What's the point of an MBA?

1. MBA as a promotion tool. Executive level requires this, especially with private equity. Consulting/finance requires. Industry switch. MBA has an advantage which means that recruiters will recruit there. More acceptable for you to switch careers after MBA program
2. Money. On average, there's a salary increase. Especially that top MBA programs give you a stronger network.

Full-time vs part-time MBA.

MBA alternative: opportunity cost of an MBA. Problem is Daisy is very lazy. A couple options

1. Change jobs to a higher-paying one.
2. Start a side business. Zero-to-launch.

MBA preparation time: application how much time?

Paying for College and Grad School: How to Avoid Spending $100,000 (or more) on a Credential You Don't Really Need 41 Should I Get an MBA or Start a Business? 41 Experts Weigh In So an MBA is two things: an education and a credential.

So an MBA is three parts: education, credentials, and the network.

Daisy and I agree that the education part is easy to obtain without an MBA and Daisy already knows everything.

On the credentials side, it's useful for international. In california, not as useful. Credentials are very overpriced.

Daisy thinks the network aspect is the most valuable. MBA has a timing issue: After 28, the MBA admission rate is very low. MBA is for career growth. Alice thinks that MBA was a break for her because she just had a kid. She also thinks that her alumni netowrk was very useful. MBA gave her the flexibility to switch. Michael was very tired from his MBA. Berkeley part-time program. Minimal opportunity cost because it uses his part-time time rather than making him quit his job. Helps him get promoted. Charlie: Wants to specialize in real estate, so an MBA is not very suitable.