According to an infographic created by Washington State University, the cost of obtaining an MBA can be anywhere between $25,000 and $94,000. For a lot of people, this is an expense that they are unable to afford and without help from their employer or student grants, they may never enter a masters in business administration program.
However, the University also released a number of other statistics, which could prove interesting. When taking a traditional MBA, you can expect this to cost you around $40,000. However, factor in the loss of income, due to attending traditional classes, and you could be forking out around $120,000. You might be wondering how much does an online MBA cost and is it really worth it?
That said, if you choose to take an online MBA, you can do this in addition to still working a full time job, leaving you with just the tuition fees to pay for.
[Infographic credit: Measuring the ROI of an online MBA by Washington State University]
