Thursday, April 23, 2009

Value of MBAs falling no more getting rich quick

2 years ago when I started my MBA I had planned that I would be using my signing bonus at this time to put a down payment on a ferrari with a vanity plate reading "Gupinater".   Fast forward and I am now spending my time writing pro bono on a blog with the long shot hope google ad words makes me a mint.  This is very unlikely in fact I would be amazed if I can make enough money via my blog to purchase a six pack at the end of the year nothing fancy just PBR.  anyways enough bs I have posted an article below from the JOurnal confirming that Marvin Lee Gupta AKA the gupinater is not alone.   Apparently many MBAs are losing home and considering the 100k they just spent a sunk cost and are moving on.    With that said I question if they cost of an MBA will ever effect the decrease in value provided?  Although this is probably temperary it is huge had the market prospects been the same 2 years ago I would have been hesitant to plop down 100K to be in the position I am in today. with that said will the cost be the same and expected return decrease or will the "Friedman" market forces kick it and bring the cost down to 50K?  let me know what you think.  the article is below.

adios amigos

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