School might seem like a good place to hang out to stay away from the economic meltdown. But going back to school may take you out of the market completely, and some people do not have the option to do that. We all have bills to pay and going back to school can suck up too much time. Not to mention that school still costs money. And banks are not exactly lending money out right now.
If you are seeking management training or any other type of business training it is advisable to first look into other programs. There are short term programs or even books available that could offer you insight into if you think going back to school is the right move.
The average MBA will cost you varies, but the cost of a MBA at a really good business school can cost more than the average wage in the US or UK.
If you take full-time courses you have to decide if the cost-benefit is worth not being able to work for around two years. Also, think about travel costs. You will have to travel to whatever campus you are getting your MBA from, especially if you decide to still work. Your costs to go to and from class are something to consider.
Also consider the costs of books and the fact that you may have to buy a laptop to make your studying easier.
Take all of these things into consideration and explore your options thoroughly. Talk to people you know that have gone back to school or have received their MBA and ask them if they thought it was worth it. Sometimes just a little extra training can be the answer to a costly degree. Make yourself a spreadsheet or a pro and con list to figure out what are right for you and your family. Plus customer service training might be all you really need.
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