MIT's MS-Finance Program costs $100k total. Is this worth it AT ALL? Anyone have salary info?
According to MIT's masters in Finance website, most of it has is what they admit "self funded".
And if you look, the entire program costs a little more than $100k.
And I'm assuming the interest on this kind of private loan these days isn't all too in our favor. I also think they require us to go to class full time, eliminating the opportunity to work full time and pay it off as we attend class.
The salary information they released has the median base salary at $70k (roughly the same as an undergrad i-banking analyst). Now I understand there's always a bonus to that, so lets figure around $120k in this economy?
Is that really worth it? Anyone know how these guys with masters in finance degrees from top schools ascend in salary levels as the years go by? Just on average, how much do those salaries increase with age? I don't think they'd be going into investment banking so I have no idea on what the salary structure is, 1 year, 3 years, 5 years out.
I know an MBA costs roughly the same and yields similar base salary ranges, if not MORE, but this is way more quantitative and tougher to graduate in....so then what's the point of this degree? Is it worth it at all?