A reflection on MBA programs – was it worth it?

It is now almost two years since I completed my MBA (Duke Goethe Executive MBA).  The program itself lasted 22 months and covered the usual standard courses (finance, marketing, strategy, operations, etc.) and certain optional ‘electives’ (in my case including electives addressing risk, entrepreneurship, private equity, and negotiations).

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I am often asked the question “Was it worth the investment?”  Usually this question refers to the direct cost of doing the MBA (the price paid to the University for the tuition).  There are however other investments made (eg, opportunity cost of time invested, and ancillary costs of accommodation, travel, etc.) that need also to be considered, but are usually covered by the same answers to the question.

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