A MBA wouldn't increase my earning potential when good jobs at established firms are increasing in scarcity. People born in the 1990s are lucky to find any relatively decent below-median income job. $50,000 invested into a new business that provides income and the possibility to be self-employed while abroad would be an investment. How many Ph.D.'s like scientists and physicists (two of the most complex jobs in the world) that were employed before the Soviet Union actually have jobs or regained decent jobs? Most of them weren't lucky enough to keep their jobs, get relocated to Russia, or hired by foreign nations for their expertise. I watched documentaries and news stories about how some of them live in crumbling cities with vast poverty, that at the time of the Soviet Union were prosperous and they weren't beggars or struggling to find any type of work. The West is just like that. Look at Greece where many people can be educated but they can't find work. Many of those college-educated girls become street whores or starring in porn films.Jackal wrote:Not even if it leads to having the time of your life overseas, making serious business and social connections in a foreign country which interests you, increases your confidence, skills, and earning potential, and overall positively changes your life forever?! You should reevaluate the pros and cons involved, I think.Tsar wrote:Student loans and debt-financed education are not options.Jackal wrote:Why don't you apply to an MBA program in a foreign country where you want to meet the local women?
This could be ideal for you if you are willing to meet university girls and aren't still insisting on dating only 16-year-old virgins.
Sometimes debt is an INVESTMENT in yourself. The world usually won't just hand you the opportunity of your dreams out of nowhere for free! lol
Many countries do have socialist education. There are living expenses and maybe they have to pay for lodging and books, but not tuition.
A loan for a university education, especially a graduate degree or doctorate isn't worth it for most people. Unless a person graduates from one of the top universities in the world where getting a high-paying job is almost guaranteed, then it isn't worth it anymore. It's a race to the bottom.
There are other ways to build confidence, have the time of your life, and make social connections than going for a graduate degree funded with debt and becoming an indentured servant and decreasing your earnings potential (especially when not being able to get a decent-paying or above-average paying job means defaulting on the student loan).
An investment is something that increases your potential and betters your future. Many people who took out student loans and couldn't get a good job aren't better off and it wasn't an investment, it became a liability.