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What is a MBA Really Worth - Essay Example

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With the soaring costs of acquiring a college degree and the enormous time that is required, people wonder if a college degree is a good investment. With the outrageous costs of a college education, many have to depend on loans to pay the costs of attending. …
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What is a MBA Really Worth
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Some degrees are more profitable according to Weston (2006) who states that although her assumptions, based on 1996 Census Bureau figures, are an understatement as there are too many factors. She determined the "present value" of the increase in future income that could be expected with various educations by the fact that a dollar paid in the future is worth less than a dollar today.

Ditto, usually, a bachelor's degree. Any bachelor's degree you get at a public university is likely to pay off handsomely, as well. If you're attending a private college, though, you might want to steer clear of education degrees.

Some degrees are a step back. Thinking of a master's degree in a liberal arts or social sciences field Let's hope you're in it for the love of learning, because on average there doesn't seem to be any financial payoff.

High school graduates earned about $25,000 per year while college graduates with a Bachelor's degree earned about $48,000 per year. This is a difference of $700,000 over a time period of thirty years. This was based on statistics from the U.S. Census Bureau, Census 2000, National Student Loan Survey, Nellie Mae 2002. (Thinking about College: Is it Worth it, n.d.)

In conclusion, a college education is worth the time and costs especially in certain careers, or fields, in the long run. There are also intrinsic values that are priceless. Student Say College is Worth It (2005) quotes Krueger (2005), "But in addition to just learning job skills, college has become about honing life skills and learning to balance academics with rigorous work and extracurricular schedules. Gorsuch (2005) is also quoted, "college experience is based on internships, study abroad, networking opportunities, making lifelong friends, and pretty much everything done outside the confines of the classroom that makes ...Download file to see next pagesRead More
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