I’ve always loved this time of year. I love that the weather starts to get cool and crisp. I love that the leaves change to beautiful oranges and reds. And I love going back to school. Or, at least I always did when I was in school. There is something so exciting about the start of a new school year, the promise of new subjects to master and of course the new supplies and clothing to buy.
This year, for the first time in many years, I won’t be going back to school. Last December, after three long years of working full time and attending school at night and on weekends, I graduated with my Master of Business Administration (MBA) degree. And boy, was I glad to be done. As much as I love learning, I’m really hopping that this was my last foray into higher education.
My path to pursuing an MBA was by no means linear. People choose to get an MBA for a myriad of reasons, from personal or professional development, to career changes, to starting a business, and on and on. For me, I felt that an MBA would complement my undergraduate education and allow me to progress more quickly in my field. I also just like book learning and being in school.
If you’ve decided that an MBA is the right path for you, for whatever reason, you may be considering your options when it comes to selecting a school and a program. I elected to pursue my MBA part-time, allowing me to work throughout school. You can attend an MBA program full time, on an accelerated basis, online, through blended learning classes, and so on. There are so many choices, and the decision about what program to pursue should be based on many factors, both personal and financial.
Today, I’ll share some thoughts on the financial side of selecting an MBA program. Much of this may apply to other areas of study, although there are some fields in which there is no flexibility in the educational path (becoming a doctor springs to mind). Continue reading