Lots of prospective students have a general idea that an MBA will increase their salary over the long run. In fact, a recent Wall Street Journal article reported that MBAs can expect to see a whopping 73% salary increase over businesspeople who do not hold the degree.
But exactly how much your MBA degree will bring you in value depends on how much cost you incur to get it, whether you work in a highly compensated specialty or not, and how long to intend to remain in the workforce after you graduate. Here's a super-simple approach to calculating an MBA return on investment
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