r6_philly wrote: hellojd wrote: r6_philly wrote:
Aaaaand that is the first time in history someone has called a Wharton MBA a waste of money lol.
I sort of agree if you paid sticker and no one picked up the tab. Not that Wharton is not worth it, you should have a job that would pay for it.
Even sticker at Wharton is only $120k or so, and it's considered a top 3 business school - assuming you work/network while you're there, and the economy isn't 2008-style, you'll be fine paying that off.
Agree to disagree I guess, but I have a business background - if you're a Wharton grad, you're typically very set.
What I mean is, if you are not working, you have to count the lost income. If you are working, you are losing out if you don't get reimbursement. So while the degree is worth it, you really is "wasting" your money because you shouldn't be paying for it.
Still doesn't hold. I was a consulting analyst, so I'll speak from that perspective, but I'm sure similar is true for IB analysts, etc.
Third year analysts at my firm (a Vault 5) would make around $80k before going to b-school. After bschool, pay was about $120-125k with a $20k signing bonus (and I was not M/B/B, you get paid more in those three as an associate). You lose around $160k in raw income, true, but 1) You jump to a much higher income level and 2) In a lot of the top firms, you can't proceed up too high in most cases without an MBA anyways.
You are right though, that someone on a "non-traditional" route, perhaps doing corp finance, or supply chain work, etc. may have more to lose and less to gain however.