Keller Graduate School of Management
5
The problem with the intense AACSB accredited schools is that you are pretty much forced to leave the workforce for a year, possibly more. At a cost of $40,000-$50,000 (or more) for the Master's program and the loss of at least a year's salary, ~$110,000, the payback period on obtaining a Master's degree from an AACSB accredited school is just too long to be financially worthwhile. Now if I can continue to earn my $110,000 per year while paying $40,000 for my Master's, the situation becomes much more financially feasible. Additionally, because I am still working, my employer will pay for ~75% of the degree; therefore, I am only paying $10,000 out of pocket. After earning my Master's, I can expect to earn ~$125K-$130 per year; not a huge pay increase but nice considering it only cost me $10,000 of my own money. Of course, money is only a slight motivating factor for me; self-improvement and self-satisfaction is the primary motivating factor for me. I agree with one of the previous posters that I feel that I accomplish much more and waste less time when my courses are primarily self-study such as an online format. I have found that even high-level courses from reputable schools often contain too many stupid people wasting my time. Perhaps it is different outside the U.S., but the dumbing down of America even occurs at the post-graduate level. I can appreciate a program like Keller's online program that hands me the tools and let's me proceed at my own pace in my own way rather than being force-fed stupidity in live American classrooms.