According to Business Week, The average cost for a 2-year MBA (excluding room and board) at a Top 10 b-school has nearly doubled since 1998, jumping from an average of $52,000 in 1998 to almost $95,000 in 2008. Meanwhile, the differential between pre- and post-MBA salaries has narrowed. Ten years ago, the average jump in median salary after earning an MBA from a Top 10 school was about $51,000. Now that number is just under $39,000. Based on these numbers, it would now take almost 2.5 years at the increased salary to cover b-school costs vs. 1 year ten years ago. Taking into account opportunity cost (i.e., lost salary during business school), the total cost today grows to ~$242 thousand vs. $149 thousand a decade ago. Again, based on the incremental salary gains, a current MBA would need 6.3 years to pay back the total cost of a Top 10 MBA vs. a 2.9 year payback a decade ago.
So does this mean that an MBA is not worth it?
Many people mistakenly think that an MBA is the golden ticket to whatever they want afterwards — especially those who are going to a top school.  They think, “If I can get X University on my resume, I’m set for life!�  As with everything we pursue, from careers to relationships, there is no such thing as “set.�  Your success and fulfillment in the business world are dependent on what you do with the degree.  To the person who complains that after the MBA he/she is still in a dead-end job, I would say that is not your business school’s fault.  It’s your job to take your credentials, your network, and the knowledge you gained during your MBA program and go out and make the most of it.  I cannot believe that knowledge, networks and alumni resources hurt someone’s situation.
In fact, in these difficult times, a lot of schools are going the extra mile to help their alums.  If you’re looking for a new job, or a better job, this is absolutely the time to leverage your MBA network.  Contact classmates and alumni networks, set up informational interviews, and get moving.  The degree does not open up doors – the person does.  But an MBA can increase your muscle.
To sum up,  I think an MBA is useful for future success, but I don’t think it’s a requirement. I guess you’d have to look at your own case and figure out where you want to go with your career and whether the time and money spent would add value to that process. That said, though, there are plenty of good executive MBA programs around that address exactly this issue and do a good job of allowing folks to continue to focus on career and work, while simultaneously building new skills.
in Pakistan now there is no value of MBA. in my opinion every thing have there value if it not become to famous that every one want to get it. it is should be than it lost its value
Having an MBA on your resume will of course catch an eye over one that doesn’t have one. But I think whats more important is what you did with that knowledge and how you plan to use use it to your potential future employers advantage.