According to a recent study in Stanford University, “an MBA may be nothing more than an expensive piece of paper”. Although very bluntly stated, this statement throws some very valuable insight into the present mentality of the masses worldwide. Flocking into B-schools seems to be the “in” thing now, with no second thoughts given to the investment made, in terms of bundles of cash and reams of time. How else can one explain the hike in MBA enrollment, from a measly 5,000 in 1960, to more than 100,000 MBAs in the year 2000?
There are a few factors which can be used to consider the Return on Investment on an MBA degree. Firstly, the cash to be doled out in the form of full up-front investment, which includes not only tuition, but also food, lodging, books, travel costs etc.
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