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Why do а part-time МВА
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Taking Control of the Costs
According to the Executive МВА Council, the cost of the average EMBA rose from $58,000 in 2007 to $63,000 in 2008. At the same time, the percentage of companies offering full sponsorship to EMBA students fell to 32 percent in 2008. Not surprisingly, the number of EMBA students receiving partial reimbursement increased to 36 percent. A third of all EMBA students entirely pay their own way.
Despite these apparently high costs, prospective МВА candidates know that the return on investment has never been better. Without any sponsorship from his management consulting company, Todd Oken, who graduated from Wharton”s East Coast EMBA program in 2007, was convinced of the benefits of а Wharton МВА degree.
He took on bank loans to pay for the programme, as he already had а mortgage and а growing family to support. He firmly believed the EMBA was а worthwhile investment for his long-term career plans. In fact, Todd proved to himself, his family and his new employer that he was correct in doing the EMBA.
Not only has he found а much better job as а vice president of finance for а well-known company, he will also pay back the full amount of the loans within the next five years.
A simple rule of thumb is that а full-time МВА will cost more than а part-time EMBA. If you calculate the lost earnings, the relocation expenses, and room and board, all of these add up to а much higher commitment than the straightforward EMBA tuition. But it is an investment in your career.
Said Todd, “Even if I were considering an EMBA programme in the current economic environment, I would still make the same decision without question because the Wharton МВА degree was worth every penny. I knew it would advance my future professional responsibilities and compensation.”
Про MBA