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Reply to "is a masters degree self-indulgent? what is the average cost of one?"
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[quote=Anonymous]My masters was not self indulgent, it was a career shifter. I got an MBA from a top school after getting a degree in political science from a SLAC. The ROI on my degree has been huge relative to where I would have been without it. I also didn't have high opportunity costs, which made a difference. I had been working for a couple of years but at a pretty low salary. My summer internship salary for 3 months was higher than my annual salary pre-MBA. The 2 year program today is about $210k including an estimate for room and board. Opportunity cost is lost income during that period. I got scholarships for at least 1/2 my tuition, a pretty lucrative work study program, and low cost school sponsored loans. I was able to pay the loans off very quickly.[/quote]
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