A master's in business administration, aka MBA degree, is increasingly becoming the most wanted and popular degree worldwide. Every year, as many as 250,000 students enrol in top MBA universities worldwide to get their MBA and 24% of them specialise in management programs. But which one should you choose to get the highest MBA ROI?
Well, an MBA degree is significantly expensive. This being said, the total cost of an MBA can exceed about 300,000 USD for a two years program. More if you’re a highly paid professional. So, it is exceedingly important to know how fast you’ll be able to repay your student loans or recoup your expenses over the degree.
There are multiple factors that decide the rate and amount of ROI you get on your MBA degree. You must first be sure if an MBA is worth it for you. Remember, some professionals make more money without an MBA, compared to those with an MBA, in different job fields and positions. So, if money is the only thing you’re looking at, you should evaluate cases individually.
Multiple factors decide the ROI in MBA a student enjoys. These include the salary after doing an MBA from abroad, the cost of your MBA degree, and your lifestyle before you got into business school. Let us have a look at them all individually.