Assumptions:
Pre-MBA salary: $48,000US
Work experience: 3 years
Pre-MBA employer size: fewer than 5,000
Undergraduate major: non-business
GMAT: 700
Career plan: Consulting
MBA School name: Western Ontario (Ivey)
ROI Results:
Investment (in $1,000s): 115.0
Salary Increase: 92.0%
Salary Increase (in $1,000s): 59.3
Breakeven (in years): 4.0
Annual ROI (10-year basis): 40.2%
Explanation of results:
Investment: An estimate of your total MBA costs, including tuition and lost income.
Salary Increase: The percentage or dollar change between your pre-MBA income and predicted post-MBA income.
Break-even: The estimated number of years, beginning from your entry into business school, that it would take at the new income level to make back the amount of money invested.
Annual ROI: The annual rate of return (over a 10-year period beginning the year you enter school) on your investment in the MBA, based on the projected salary increase of a typical student with your characteristics.
Note: US Dollars are used throughout the calculation
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