37 years of pay
The year you decide, then school, then work through retirement.
DecideSchoolWork
Qué devuelve un MBA es un laboratorio de Gagan Malik. Un presupuesto de capital de carrera: sueldo antes, durante y después del programa, impuesto y la posibilidad de un año sin sueldo, luego matrícula y viaje. Informa la recuperación, la recuperación descontada, el valor de hoy y el retorno anual.
Negocios
Qué devuelve un MBA
Por Gagan Malik
2 min de lectura
An MBA is a trade
You give up a year or two of pay and write a cheque for the fees now. In return, you hope to earn more for the rest of your career.
The catch is timing. A dollar today is worth more than a dollar tomorrow, because today's dollar can already be earning something. So every extra dollar the degree pays you later counts for a little less, and the further away it lands, the less it counts. Kathleen Fitzgerald taught me this with the same model at Chicago Booth. kathleen-fitzgerald chicagobooth
The test
The question is not whether you will earn more. It is whether the extra pay, after tax and shrunk back to today's money, adds up to more than you spent to get it.
The rate that does the shrinking is your hurdle rate: what the same money would have earned if you had invested it instead. If the degree beats that rate, it pays. If it does not, the brochure salary was flattering the deal.
What the answer leaves out
An MBA is not only cash. It buys a network, a second career you would not have tried, and the nerve to walk into rooms you used to avoid. All of that is real, and none of it fits in a cell.
So read the answer as a floor. If the cash clears your hurdle rate on its own, everything else is a bonus. If it does not, you are paying for the rest, and you should know the price before you sign.
El modelo
Responde cada pregunta en la frase. El gráfico muestra qué hace esa respuesta.
Retorno del MBA en Escritorio
I am. I plan to retire at. The program lasts years, and I will from the job. Amounts are in.
Payback 5 years. Discounted payback 6 years. Value today $1,862,971. Return 34.5%.
¿Trabajamos juntos?
Consulta los planes o haz una pregunta.
More in Lab
View in archive
Mantente al día
Añade este enlace a tu lector RSS para recibir nuevos ensayos y actualizaciones automáticamente.