In a guest article, Daniel C Smith, dean of Indiana University’s Kelley School of Business, says that the ever-rising tuition fees at business schools are unsustainable and will harm America's competitiveness. Universities, he says, need to find new ways to bring down the cost of taking an MBA. A quick glance at the cost of attending a top school would appear to back him up. At Wharton, for example, programme fees for a two-year MBA have broken the $100,000 barrier. On the other hand, many schools say that relatively few students will pay the full whack because there is plenty of financial aid available for the right candidate. Furthermore, given that the same Wharton student is likely to earn a basic salary of $112,000 upon graduation—a 47% increase on his pre-MBA salary—it could be argued that the cost of an MBA has some way to rise before it can be considered uneconomic. So, do you think an MBA has become too expensive?
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well i do think the cost of MBA is somehow expensive,for instance i am planning to do an MBA in Finance in one on UK Business School and going by the cost of taking the course it's really expensive expensive especially for a person who comes from Africa-Kenya in Particular,unless i secure a sponsorship or a study loan,i may end up taking long to gather the finances required.
I think there should be a form of body to finance students planning and taking MBA from whichever country so that we can all achieve our dreams.It is painful to be in a position that one can't raise the required amount to study MBA.