Patrick Thomas
speaker
995 appearances
15 recordings
1 series
first heard Jul 2018
last heard May 2024
Patrick Thomas’s voice in public audio — every appearance, attributed to the second.
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Appearances
run your own firm.
That's a very popular way to get into it.
Or launch themselves onto an executive path.
Maybe you were a consultant and want to go work in the C-suite at a Fortune 500 company.
This is a way over time to kind of just build your resume to get that credential that you would be able to do that.
And yeah, it's expensive and that can turn some students off in recent years.
That's definitely been an issue for schools, but a lot of students keep coming for the promise of that bigger payday
In the data we analyzed from the education department of nearly 600 programs, so not just the top ones you hear about it, but all of them, on a one-to-one debt-to-income ratio, 98% of those business schools typically made more money two years out of school than they had borrowed, which is kind of the metric to show when, if it's kind of paying for itself right after graduation and
compared to other graduate programs, the MBA fared much better, where we know where law degrees, only 6% of programs had graduates with higher median earnings than debt.
MBAs, it was 98%.
So it's a much bigger difference in terms of how this degree, just the volume of schools that can pay off compared to other graduate programs and even top schools, but compared to law, which is another
kind of popular degree if you're a career switcher for students.
A lot of students decide between the MBA or law school.
This just kind of shows that the MBA wins out a little bit there.
Compared with other graduate programs, I mean, it's fairly similar, but it's definitely the median is less.
It's in the 60s, so it's not as high as some places.
Again, not to harp too much on law school, but it is lower.
In terms of the programs at places where the salaries are lower, I mean, typically some of these debt loads are lower in terms of
state school.
But some of the debts were really, really low at the top schools.
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