When you think about a top-ranked MBA program such as Harvard, Chicago Booth, Stanford, UPenn Wharton, Northwestern Kellogg, MIT Sloan, Columbia, Berkeley Haas, Yale SOM, INSEAD, or London Business School, the first question that comes to mind is, is an MBA worth it. After all, it’s a big investment in time and money. Yet, if you ask people who have graduated from these business schools the same question, their answer will almost always be YES.

Let’s start with why people decide to enroll to a top-ranked MBA program. Earning a Master’s in Business Administration (MBA) can help professionals enhance their career opportunities, increase compensation, and lead to job promotions. An MBA can provide the skills and knowledge necessary to start a new business, and many employers require an MBA for certain management or leadership positions. The motivation for doing an MBA:

  • Career Switching
  • Career Acceleration
  • Future Entrepreneurship

Doing an MBA from a top business school is an excellent investment. One can gain the following after completing an MBA from a top-rank institution.

  1. 6-digit starting salary. Yes, MBA is costly. But the return on investment is quite rewarding. The following table will give a fair idea of the cost of attending a top MBA program and the MBA salaries upon completion of it. Top MBA graduates work in the field of- consulting, finance, technology, entrepreneurship, etc. Top companies from every industry hire from these business schools and are some of the highest-paying jobs. The salaries mentioned below do not include stock, options, and bonuses which increase the total compensation.

School Name

Average MBA tuition cost per year

Average MBA basic salaries post-graduation

Average MBA basic salaries 3 years post-graduation

MIT Sloan $77,168 $148,451 $173,214
Stanford $74,706 $159,440 $213,216
Wharton $80,432 $159,815 $191,150
Harvard University $73,440 $158,049 $189,375
Kellogg $74,871 $146,259 $168,818
Chicago Booth $73,440 $151,085 $177,001

To calculate the return on investment, you can use the ARINGO tool: MBA ROI calculator and simulator. However, the return on investment of an MBA is not limited to money (although it is one of the most important factors when making a decision).

  1. Best career-switching opportunity. If one feels saturated with the current job and looking for moving up the ladder or wants to take up more challenging roles- MBA may be the answer. One can not only acquire new skills with an MBA but also acquire knowledge about emerging fields they had not previously considered. An MBA also increases your credibility and professional marketability.
  2. Global Networking. An MBA cohort is quite diverse with peers from all around the world who not only bring their professional experience but also their cultural experience on the table. Beyond learning core skills, an MBA also focuses on soft skills. With an MBA education, one has the opportunity to learn the best practices of running a global business. Schools provide students with stellar networking experiences on campus and beyond. The rich alumni base not only offers a wealth of insider information, but they also often extend a helping hand to fellow alums who are interested in their companies.
  3. Great 2 years of fun, making friends, getting some intellectual stimulation, and broadening horizons– MBA is not just a degree. It is an experience. The rigorous program is clubbed with various extracurricular activities and clubs. Even the classroom training is not traditional and more of a case-based learning, experiential learning, volunteer program, travel opportunities, etc. giving students a chance to further develop professionally and personally.

In a nutshell, it is crucial to look at the long-term value when considering the value of an MBA. With the above points in mind, one can better evaluate whether an MBA is going to be necessary for financial success and personal fulfillment. So, if you are convinced and are looking for an expert to help you get into your dream school, register with us today: https://aringo.com/mba-process-registration/