He completed an Executive MBA programme at one of the world’s most prestigious business schools – University of Chicago GSB.
Though he did it part-time and in the Singapore campus (I gather), it should not be too much to ask for at least a reasonable return on his S$124k investment.
Yes, he spent S$124k (US$90k) on this EMBA programme.
He wanted a mid-career switch from a high-tech MNC firm to the seemingly more lucrative management consulting industry.
What did he get in return?
Well, he got his mid-career switch. But he had to take a 25% pay cut. And he got into a junior position.
The 38-year-old Mr Loh has to start from the bottom, after trading his high-tech career and spending a fortune.
So, take all the nice reports and rankings of MBA programmes with a pinch of salt. The figures for “return on investment” and “payback in N years” are perhaps just too forward looking.
Or maybe you should not take EMBA if you want to switch careers.
Mr Loh’s story is reported in the Straits Times yesterday (link).