Paying for the MBA

Wednesday, May 11, 2016

Getting your MBA is not cheap. In addition to costing you your time and effort, obtaining your MBA also represents a significant financial expense. But you get what you pay for, right? Earning your degree from Carlson is an investment in yourself as well as your career.

I spread my course load out over six plus years, while working full-time. This method worked out really well for me. By taking only one or two classes per semester, I was able to give each course my full attention and I feel like I got the most out of my studies as a result. My employer offers a tuition reimbursement program, which really helped me out as well. By participating in this program, I was eligible for $5,250 per calendar year for tuition. Spreading this cost out over several calendar years, maximized the funding I was receiving from my employer while at the same time spreading out my own out-of-pocket costs.

The Carlson School also offers scholarships and fellowships on a regular basis. I would encourage students to take advantage of these opportunities whenever possible. I applied for and was awarded the Marcia Page Fellowship a couple of years ago. Ms. Page’s generous contribution to the University benefited me personally by helping to ease some of the financial burden associated with achieving my degree.

Sure, a master of business administration is expensive but as Benjamin Franklin once said, “an investment in knowledge always pays the best interest.”

Alexander with His Family