<p>Is it worth to give up a career that pays 70K+ for a Business Degree from Haas?</p>
<p>Do you think it’s worth the investment for a more secured & better paying job in the future?</p>
<p>Just curious how individuals weigh $ & education? :)</p>
<p>well considering that you’re able of acquiring a job of that caliber, you really have nothing to lose by going to haas because if haas doesnt work out you can always go back to that certain career or something similar to it. going to school would just benefit you and cant really hurt you.</p>
<p>in short, i would go for the business degree from haas.</p>
<p>Well, one would assume you earn 70k+ because you’ve developed the skills to do so. If your passions lie elsewhere, pursuing them doesn’t seems foolish. In the case that pursuing your passion doesn’t work out, you could fall back on those skills. </p>
<p>If money is really important, you might want to consider that Haas undergrads start at a lower salary than you are currently receiving. You don’t have to assume you’re average, because you have more real life experience than the typical undergrad, but starting fresh (presumably) in a new field can come with a pay cut.</p>
<p>^ words of wisdom ;)</p>
<p>I did just that for a chance to get on with more prestigious firms and higher pay.</p>
<p>Left well paying job, went to a CC, transferred into Haas. I’ll hopefully land an Investment Banking gig that I would have no chance of ever getting regardless of my qualifications.</p>
<p>do it! you probably have the money to attend and when you get out, youll eventually get a salary much higher than 70k</p>
<p>no. if ur making 70k a year right now, the opportunity cost of going to haas for 2 yrs is 140k of income lost. then add the tuition u have to pay (i remember u said u won’t get Financial aid) and thats like 50k for 2 yrs or more. so that’s just under 200k ur investing to go to haas…for undergrad. as good as haas is, it’s not Harvard.</p>
<p>^ Even if she makes just 10k more a year than previously, and for the entire span of her career, she’ll make that 200k back (assuming she’s 40 or younger).</p>
<p>^if she only ends up making 10k more a year, so like 80k a year, it will take her 20 years to make up for the 200k in tuition/opportunity cost…</p>
<p>^ Right. I’m assuming a retirement age of 60… dot dot … :p</p>
<p>But I’m also forgetting about the time value of money, which is big think to forget. Still, it’s probably safe to say she’ll make more than 80k doing something she loves vs. sticking it out somewhere she’s gone out of her way to avoid.</p>
<p>I think it all comes down to where your passion is. If going to haas and doing whatever after sounds like something youd love to do…then by all means do it! If you love your life now, then maybe not. Your salary of 70k will most likely increase, keep in mind.</p>
<p>helllllllllllllllllll no</p>
<p>good luck getting a job with a business degree after you finish haas…going to college to major in business is an outright waste of time in my opinion. If you were going to go for a degree in something useful like math or science then i would definitely say to go for it.</p>
<p>^ Prepare for a poopstorm.</p>
<p>@Empathy- did u get into ucla for electrical engineering?</p>
<p>^I meant her salary at her current job will increase. If she going to haas, then it will be a tough road, but if she makes it then she will definitely be better off than now (money wise).</p>
<p>A business degree from Haas will undoubtedly open up many doors that are not available to you now. Also, you will probably need a degree in order to be able to continue to advance in the future. </p>
<p>One thing that the calculations of others have not taken into account are the raises and promotions you are likely to receive in the future. Even if you start at only 70K or even less after you graduate Haas, I think you’ll be more likely to advance faster with an undergrad degree than without it. </p>
<p>That having been said, is there not a good undergrad school nearby that you can go to part-time or in the evenings while keeping your job? It seems like you already have a lot of connections and experience, so getting the Haas degree may be of less value to you than it would be to someone that doesn’t have any connections or experience yet.</p>
<p>@mnp I didn’t apply. Cal or die! Actually I kind of regret not applying because I’m convinced I’ll be auto-rejected by Cal over a core prereq confusion. I’m hoping that’s not their interpretation though. I’m hoping they just defer me to Spring…</p>
<p>I’ll be going to Davis if I don’t get into Cal. When I applied, I was only interesting in attending schools in Northern California. </p>
<p>Did you get in? I think I remember you saying you did.</p>
<p>@iHateCeltics…Your opportunity cost argument is silly. If you stay at the 70k a year job, depending on the corporate environment of the firm the OP is working at, the upward potential without a college degree is limited. I know people who graduated from Haas with just a BS, obtained jobs at BB Investment Banking firms, and now work in Private Equity making enough to recoup the OP’s lost income many times over by now. </p>
<p>Accounting (Big Four), Banking (BB Firms), and Consulting (Deloitte, Bain, etc.). The ABC’s are the main career paths graduates take and they all have vast exit potential into all aspects of the business world. In order to land a job with one of these companies you have to be at a target school, like Haas, and all these firms do on-campus recruiting, which makes things convenient. </p>
<p>@mnp2005…I wouldn’t recommend a business degree from a non-target school, but Haas is eyed by many employers for its selectivity and gives them a pool of potential candidates that made it through the rigor of actually making it in.</p>
<p>Thanks for all the input everyone! (will need to read them all again later for further analysis) ;)</p>
<p>I’ve been debating for a while; however, I’ve been putting school for a long time now (for various reasons: personal, financial & family responsibilities). If I only had the money & time a long time ago, then I would’ve gone to school full-time. On the other hand, I don’t have any regrets since I have valuable work experiences. Although I think that not having a degree is like a glass ceiling for further career advancement. I was promoted to management before but went back to non-management when I had my baby (priorities changed). I’ve been on special mgmt projects since then though (2001). I’ve calculated the opportunity cost myself & it’s a lot but if I go back to the same company, then it would be easier to bargain for the same pay. I planned to apply for AT&T Leadership Development Program (LDP) when I graduate. Check out the at&t site if any of you are interested. For those curious ones, I’m 34 & I have an 8 yr old boy.</p>
<p>And yes, no FA for me so I’ll need to apply for a student loan. Hopefully, I wouldn’t need to withdraw money from my 401k but who knows… 
Lastly, my boyfriend (same job) just got laid off - grrr :(</p>
<p>I guess I’ll worry about all the details when I hear back on Friday 
I might not even have to deal with it (cross-fingers)</p>
<p>For me, career chose is mostly about finding a passion that I would love to wake up and do everyday. If a university allows me to develop that passion as a future career through the opportunities available during my time there, or simply from the respectable school name on the degree, I can’t put a price on it. I have the rest of my life to make money, and pay back loans. How many opportunities in life do you get to experience one of the best educations that will set you up the best careers? All degrees aren’t created equally.</p>