MBA, Full Time (1 year)
||MBA, Full Time
||The long tradition and global reputation of
Rensselaer in engineering and science create the perfect platform
for the Lally MBA's unique educational experience. The innovative
cirriculum of the Lally School provides you not only with relevant...
|Areas of Study
- Business Analytics / Decision Science
- General Management
- International Business
- Management Information Systems
- Self-designed Study
- Supply Chain Management
- Other: Business Analytics
|Joint Degree Offered
||Average Total: 630
|Tuition & Fees
||Total Program: USD 45,100
|Financial Aid Availability
||Financial aid available, contact school for more information
|Start Dates &
This program accepts rolling admissions.
||Class Size: 24
Program Size: 59
||Average: 29 Months
||61% of graduates are offered employment by 3 months after
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Survey: How did you fund your MBA?
An MBA is an investment in your own career - not only
in terms of time, but also financially. Therefore, many
prospective students ask themselves before choosing a
course of study what costs they have to expect for their
studies. We have received information from over 200 MBA
graduates and can now give a comprehensive overview of
the costs of an MBA degree for the first time.
Question 1: What was the total cost of your MBA?
The tuition fees make up the majority, but not all of
the costs. We therefore asked about the total costs,
which included accommodation at the place of study (e.g.
for weekend courses), learning material or stays abroad.
It can be seen that the distribution of total
expenditure is relatively even. 28% of the participants
spent no more than 15,000 euros for their MBA, for 32%
the study was more expensive than 25,000 euros. Most of
the respondents, 39%, have invested between 15,000 and
25,000 euros in their own further training.
Question 2: How did you finance your MBA?
Of course, you don't shake such high amounts out of
your sleeve. It was therefore important for us to know
how the graduates surveyed financed the
expenses. Multiple answers were possible.
The answers show that the majority of MBA students
had already built up reserves and were able to finance
at least part of their studies. The employer also plays
an important role for 43%. Under "Other" it was
mentioned above all that the costs were paid from the
Question 3: What was the distribution of funding
Since it was often not just a single source that
contributed to the funding, we wanted to know from those
who had ticked several fields which funding option
contributed to the MBA and to what extent. The answers
are very different - an excerpt:
- 50% employer, 50% savings
- 25% scholarship, 25% family, 50% savings
- 50% from lottery win, 50% with personal loan
- 30% savings, 70% credit
- 40% job, 60% savings
- 10% employer, 50% savings, 40% credit
- 40% scholarship, 60% family allowance
- 10% credit, 30% savings, 60% "credit" within the
- 50% scholarship, 45% employer, 5% savings
What is striking is that the employer often
contributes to the costs, but rarely more than
50%. Nevertheless, there is good leverage for financing
here for employees who would like to stay in the company
after completing their MBA. Since the grants are usually
linked to a repayment obligation if you leave the
company prematurely, this type of financing is not
worthwhile for those who would like to reorient
themselves with an MBA in their pockets.
Conclusion: are these high expenses worthwhile?
In addition to the above monetary information, we
also received an experience report from 163 graduates of
an MBA course by answering, among other things, the
question of whether the course was worthwhile or not.
It should be noted that all questions were open and
did not aim for the most positive answer possible.
Four aspects of the respondents for whom the MBA was
worthwhile were mentioned. You can see that above all
the newly acquired professional and professional skills
were highlighted. This is not a surprise, because this
is exactly what an MBA aims at. It is somewhat more
unusual that only 40% had an impact on the
salary. N maybe everyone can therefore bring in the high
costs within a reasonable period by larger salary jumps