Do you think you need an MBA? I am sure you have heard the phrase “with an MBA under your belt, higher salaries are likely to come your way“. But is that only reason why you go for an MBA? The average annual salary, according to the 2005 Global MBA Graduate Survey was $88,600. If you decide that you really need the MBA, how do you come up with upwards of between $40,000 and $60,000 a year to finance your way through business school?

The moment you make up your mind that you are going to business school, you are faced with the finance challenge. Always remember that you may not have access to your salary through out the period you are in school except your company is sponsoring you. So, what are the finance options available to you? You may need to consider waiting till you have enough money in your savings account otherwise you may consider exploring the options you have from federal loans to private loans, scholarships to corporate sponsorships. (more…)

Post from: PACE with Emmanuel Oluwatosin

How do you pay for your MBA?

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