MBA Debt

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Debt Is Piling Up Faster for Most Graduate Students--but Not MBAs Keywords: graduate student debt; MBA debt; MBA tuition; New America Education Policy Program; student loans A New America Foundation study says typical graduating MBAs had the same debt in 2004 as in 2012; other graduate students bore heavier loads Financial Aid Career & Work A degree from one of Bloomberg Businessweek's top 10 MBA programs will set you back more than $111,000 on average, at least before financial aid. If that kind of price tag causes you to break out in hives, you're probably not a prospective MBA: New research shows the median debt load of a business school grad remained steady from 2004 to 2012, even as tuition costs increased, indicating that MBAs…show more content…
One likely reason is that many MBAs enroll in business school after having spent several years in the professional workforce, often in such lucrative fields as finance or management consulting. Some MBAs also get assistance with tuition from their employers, though company sponsorship of employee education is said to be waning. The upshot is that many MBAs seem to have saved enough to partially offset the cost of their education. That's probably less true of people studying to be lawyers, doctors, or college professors. From 2007 to 2012, the average cost of MBA tuition increased by more than a third, as my colleague Erin Zlomek reported last week. At the same time, the average starting salary for a newly minted MBA has held steady at about $93,000 since 2008. If MBAs are paying for their degrees with money saved from their early professional careers, that would help explain why rising prices haven't dampened demand for the…show more content…
Debt Is Piling Up Faster for Most Graduate Students--but Not MBAs. Businessweek.Com [serial online]. March 25, 2014;:2. Available from: Business Source Complete, Ipswich, MA. Accessed September 9, 2014. APA (American Psychological Assoc.) References Clark, P. (2014). Debt Is Piling Up Faster for Most Graduate Students--but Not MBAs. Businessweek.Com, 2. Chicago/Turabian: Author-Date Reference List Clark, Patrick. 2014. "Debt Is Piling Up Faster for Most Graduate Students--but Not MBAs." Businessweek.Com 2. Business Source Complete, EBSCOhost (accessed September 9, 2014). Chicago/Turabian: Humanities Bibliography Clark, Patrick. "Debt Is Piling Up Faster for Most Graduate Students--but Not MBAs." Businessweek.Com (March 25, 2014): 2. Business Source Complete, EBSCOhost (accessed September 9, 2014). Harvard References Clark, P 2014, 'Debt Is Piling Up Faster for Most Graduate Students--but Not MBAs', Businessweek.Com, p. 2, Business Source Complete, EBSCOhost, viewed 9 September 2014. MLA (Modern Language
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