The Future Leaders in Philanthropy (FLIP) blog has been running a series interviewing people in the nonprofit sector about why they made a decision to do a business (MBA) vs. a public administration (MPA) degree. Read all of the posts here:
Its interesting – particularly as someone who has thought about whether or not to go back to business school at some point.
The thing that seems strange to me is no one really talks about the financial calculus. An MBA costs (living expenses included) upwards of $60,000 a year (at least). There are far fewer grants and scholarships available for an MBA, mostly owing to the fact that most people are leaving school with $90,000-$100,000 median starting salaries. Some schools (such as Stanford) DO have debt forgiveness programs if you go into the nonprofit sector for a few years after school. Still, thinking about dropping more than $120,000 is a big deal.
What do others think? Anyone out there going for an MPA or MBA this fall?