Quote:
Originally Posted by Unregistered
Acquiring a mba does not automatically increase your pay if your job-scope does not expand, or your job responsibilities do not increase. I got a masters in financial engineering in local uni, the hard skills acquired in the course gave me a opportunity to go quantitative role, and now in a regional head role in risk in foreign bank.
4k - Pre-Masters
6k - Upon graduation
20k - 6 years post-Masters
Initial investments of $15k (tuition fees at that time) + 2 years of diligent study = future higher cashflows in career is certainly worth it
|
Good for you but yours is very likely a far outlier case. Usually if u don't start out right post masters, it's very very difficult to right the career ship (which is why there is so much pressure to land the right role post masters).
Looking at the numbers, u were prob an avp post graduation, prob recently promoted to avp as its the low end of spectrum. At $20k, thats a well paid VP at a foreign bank (if $20k is base) or a low bonus VP (if it's all in comp). So effectively u had to get promoted at least 1x and move to a foreign bank, at the most difficult time in the financial markets in decades.
Possible but not an optimal example for prospective MBA students. Optimal decisions are not made on outlier data points.