Examining the Value Added by Graduate Management Education


The value of getting an MBA degree has been the subject of ongoing debate. Some authors calculate a relatively quick payback period (Lavelle, 2006) while others assert that return on investment is paltry (Pfeffer & Fong, 2002). The purpose of the research reported herein is to directly address this controversy by using large datasets collected by the Graduate Management Admission Council® (GMAC®) (i.e., Global MBA Graduate Survey, MBA Alumni Perspectives Survey) to assess the return on investment for an MBA degree.