The Rumor: It’s Not Worth Getting an MBA if It’s From a Mid-Level Program
There are numerous articles and op-ed pieces lamenting that it’s pointless to get an MBA if it’s not from one of the top programs. This is silly and short-sighted. You shouldn’t skip college if you can’t attend an Ivy League school and you shouldn’t forgo B-School if you can’t go to a top program! Furthering your education is always a good idea, so here are five reasons why attending a mid-level program may be better than attending a top program.
1) You’ll Save Money
Top-tier programs are no joke. Are you prepared to shell out $55K/year for a highly ranked program? Mid-level programs are much more affordable at around $20K/year. You’ll learn the same material without paying premium bucks for the brand. Either way, you’ll be reading Harvard Business Review cases, but you don’t need to be at Harvard to understand them.
2) Your Program Will be Recognized by Colleagues
If the program you attend is within 50 miles of where you work and is offered by an accredited university, it will hold merit with the general populace. It may not have the same weight if you move across the country, but if you plan on staying in the area, which 37% of people do over their lifetime then you’re golden.
3) Your Employer May Pay for Your Program
Presuming you don’t live in the immediate vicinity of a top tier program, your employer will likely not foot the bill to send you across the country. However, there are quality mid-level programs in every state. Often, employers will contribute some percentage towards your program if you work full-time while attending. This allows you to save money and apply the things you learn to your position on the fly.
4) Your Career Goal is to Reach Middle/Upper Management
Some people aren’t cut-out to be CEOS and, hell, some people don’t even want to be! MBAs are great for those who just want to manage on any scale. The program will give you the education to get your foot in the door and start gaining real world experience.
5) Any Program Will Give You a Better Understanding of the Business World
Any program* will give you a better understanding of the business world. Many MBA programs are accelerated, meaning that you can obtain a degree within 9-12 months depending on your undergraduate degree. A lot of information will be crammed into that year!
So, if you’re interested in going to B-School, consider a mid-level program. It may be better for your career path and your wallet!