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Old 07-11-2012, 09:15 AM
270 posts, read 480,507 times
Reputation: 150


Originally Posted by Mishap View Post
^I also took it as an unreimbursed business expense for the remainder not paid by my employer. Was an awesome $18k/yr deduction while it lasted.
MBA: The Mother of All Tax Deductions? - BusinessWeek

Once again an MBA's value is determined by how you leverage it. Putting it behind your name in your email signature, business card, and everywhere else doesn't add value and only makes you look pretentious since an MBA is not a professional designation. Using the Business school's career center, leveraging contacts, and building a network there does add value. If you can turn a U of Memphis MBA into a CEO of a F500, the MBA isn't what got you there. For the rest of us, the recruiters that come to campus, the alumni network, and your peers in the program are what help you. In my time doing an MBA, I was able to help one former coworker get a job at GE and another a job w/ my current firm.

If the school doesn't provide a well defined and supported post-graduation path, then there's little value to it. I tell classmates in the program behind me that they need to have a well thought out post-MBA plan. Very few companies hand you a fat raise/promotion just b/c you got an MBA these days (unless they paid for the MBA and then they probably have a clawback).

Why You Should Leave 'M.B.A.' Off Your Card - WSJ.com
Great post! I wish I took my grades serious enough to get into an online MBA school that would have a great network of people in Louisiana.
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Old 07-13-2012, 12:47 PM
909 posts, read 3,383,801 times
Reputation: 435
With grad school being so expensive these days, you really need to do a great analysis of whether it's worth it to go into this debt. Do you need an MBA to advance in your career? Does your industry value it? You also need to be realistic about what kinds of jobs you will get.

I was a career changer into corporate finance (from IT) and had to get my MBA in Finance to get my current job. I landed a full scholarship at Georgia State so decided to go there. Looking at how big student loans are these days, I'm glad I didn't attend a school at full tuition.
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