In my last Yahoo! column, I listed MBAs as the grad degree with the biggest avg payoff-to-debt ratio. In the last week, both the WSJ and the NYT ran contradictory stories on the popularity of the MBA--"never been more valuable" vs. "not as necessary for the big bucks in private equity and hedge funds". As media critic Jack Schafer points out in this amusing piece, the Journal has better evidence.
"the MBA is more popular than ever, with twice as many of the degrees earned in 2005 than in 1991...The growing demand for MBA graduates combined with plentiful career opportunities have created an environment in which "students can afford to turn down even six-figure offers from investment banks.""
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