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Master business skills without paying for an MBA

MBA grads say the investment in their degree was worth it, according to a 2022 survey by the Graduate Management Admission Council, an association of graduate business schools

By TREA BRANCH of NerdWallet
Published - May 31, 2023, 07:03 AM ET
Last Updated - Jun 21, 2023, 02:44 PM EDT

Lindsay Mack earned her bachelor’s degree from Georgetown University in 2005. Nearly 15 years later, when she considered the best way to grow her business acumen, an MBA was not it.

Mack, who is from Philadelphia, grew her career without an MBA. When ready to advance her skills in platform strategy, she opted for a faster, lower-cost cohort program instead.

For students like Mack, the cost of a top MBA — averaging $225,605 in the U.S., according to a 2022 report by BusinessBecause, an online publisher of graduate business content — is daunting, and the value is questionable.

“I didn’t see how making such a significant investment (in an MBA) would really leapfrog me to the next level,” says Mack, now Comcast ’s executive director of product management.

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