Is a Wharton MBA worth it for me?
Hi, I have been accepted to Wharton (awaiting HBS currently) for the full time MBA.
Am 28 years old.
Currently earning USD 150k. Guaranteed earnings for the next 5 years:
Year 1 : 160k
Year 2 : 175k
Year 3: 190k
Year 4 : 220k
Year 5: 235k
Year 6: 400k
Year 7+ : 500k
These earning are pretty much set in stone as it is a natural progressive path for my job every calender year.
I am presently keen on an MBA for 'academic interest' and to try something different. The corporate world has always appealed to me and I would like to try and leverage my experience to ultimately work in consulting and head to a large NGO or an organistion like the United Nations.
I am interested in hearing the thoughts of members on whether the opportunity cost (I'm calculating 500k in fees and lost earnings initially) is worth the risk. I would be taking a large loan (75% of the fees).
Thanking you guys in advance for your replies.
P.s. I'm sure some of you are curious as to what I do. I am a medical Doctor on a guaranteed run through to becoming a specialist.
P.P.s. Above salary does not include private practice (which I would embark upon in 10 years-ish)