If you are a strong performer to go along with a Top 10ish MBA, it will likely be career altering and you don't need to spend time on ROI spreadsheets. If you have 20-25 years of work ahead of you (let's keep the math simple for this example) the total cost including lost wages during the MBA means you need to average an extra 20-40K per year resulting form your MBA. This is a no brainer- go big, you'll likely way exceed this. For folks wringing their hands over ROI spreadsheets or worried they won't be successful, the journey is probably not for you. Yes there are some fields where an MBA is not as applicable, but for large corporate senior roles, senior roles at big/major consulting firms, investment banking, venture capital, private equity, a name MBA is key and can easily get you into the 7 figures- if you don't believe me look at the senior folks in these fields and most make this type of money. In fact, one bonus payment one single year will pay you back for the MBA tuition you spent. Bottom line- if you get caught up in "it's not worth it" "it's zero skills" "it's worthless", fine, don't get one. But there is plenty of evidence that those who use it as part of their plan and go big reap huge benefits, including myself.
And by the way people focused on "what will my salary be after I graduate" are being very myopic. The value is more on "what new trajectory will my earnings and career be"- play the long game. My salary was already higher than starting MBA salaries when I started my MBA. Getting the MBA put my earnings on a rocket ship to numbers that would not be attainable without one.
Hello Justin, love the content you've shared here. I'm currently looking to apply to USC Marshall and would really appreciate if it I could ask you a few quick questions, mainly to gauge my fit and understand USC Marshall a little better! Please let me know if I could write you a short email. Thank you so much in advance!
Hey Vincent! Thanks for watching. Things are a bit crazy right now, but I do have a couple of resources that might be useful for you: www.justgogrind.com/my-crazy-mba-journey/ www.justgogrind.com/my-mba-experience-at-usc-marshall/ Shoot me an email with your questions: justin at just go grind dot com
I appreciate the opinion, but have a different perspective as I hear many people focused tactically on the cost. Here is what I've seen: If a "name" MBA can help you get to a VP role at a Fortune 500, which is a common scenario- once you get to that point you are receiving multiple bonuses PER YEAR that exceed the $250K figure you quote. Typically VP's or above will receive a cash bonus called "AIP" as well as a grant of stock/shares knows as "LTI long term incentive" each year. In today's world it wouldn't be uncommon that EACH of these would be greater than $250K- EVERY YEAR. So just passing along perspective that if an MBA gets you to this level, and you're a VP for a few years, your tuition costs and lost income frankly become a rounding error. Depends on if you have the ability and confidence to bet on yourself. If you want to go big it can clearly pay for itself in spades. Anyway best of luck to everyone.
The interview process was such a blur! I don't have too many particular tips on applying, but if it helps, this article might provide more insight: www.justingordon.com/my-crazy-mba-journey/
