MBA Applications Way Up - But Will Employers Pay for It and Will There Be a Glut?

 During the time period 2023 - 2024, applications to MBA programs soared 11%. That followed 2 years of decline. 80% were to full-time programs.

The drivers range from the White Collar Recession in which it is hard to land a Knowledge Work job or even contract assignment to the assumption that adding skills will add marketability.

But the recent questions about the ROI of the MBA remain. They include:

Will those hiring prefer to bring aboard those who expect less in compensation. Historically the MBA meant a premium wage. More cost-efficient to hire the BA/BS.

Eventually will there be a glut on those on the market with that degree? That has happened frequently when going to law school was hot. It could happen again as those booking to take the LSAT for applications to law school has ramped up. 

Will the debt be worth it? For Wharton the nut for tuition and fees is $172,200. Many can't afford that out-of-pocket. 

What about the opportunity cost, that is what you could have earned had you not been doing school full-time? Along with that is the disadvantage of not picking up more hands-on experience as you book it.

The current antipathy against theory. That is dominating management consulting. Employers/clients don't want to know the macro picture. They want the most effective and efficient solution to their problems.

Over and over those who come to me for coaching regret what they have invested in higher education per se. They are currently investigating certification. 

Life is hard. Business is even more difficult these days. Get answers – and relief. Jane Genova is a results-driven intuitive coach, tarot reader and content-creator related to careers. Complimentary consultation (please text/phone 203-468-8579 or email janegenova374@gmail.com)