This Is NOT Worth $150,000!

💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolu...

[@stevenbeach748]

Anybody making $80k then $150k doesn’t need more school. If the company wants it, they can pay for it.

[@jimroscovius]

And they are.

[@livinincalifornia]

She lives in the Bay Area. $80k is like $40k anywhere else

[@CaptainHammerFists]

As a “leader in supply chain” an MBA is not necessary. Stick with the finance/logistics career and be willing to job hop. Networking mixed with being good at your craft will get you anywhere you want to be in this field.

[@tompain2751]

She's already making $150k, without an MBA, and her company will pay for one! This, is a no brainer. Why would anyone consider paying their own?

[@TimeisUp22]

@@tompain2751 She doesnt like the school that her company is willing to pay for. It’s probably a community college or something, idk. But she applied and got accepted into a prestigious school like Harvard or Yale or something and prefer that school instead.

[@tompain2751]

@@TimeisUp22 Yes;But it's a waste of money.She can't do any better.

[@MJ-mt4cg]

@@tompain2751 100%. This would be a waste of money.

[@ethxo6734]

Immediately after graduation, no one cares where you went to school. The prestige only serves your ego.

[@shinkwrloggie7579]

It is probably helpful to find the first job :)

[@Camander]

Investment banks and consulting firms care where you went.

[@RaymondDawson-v2w]

Of course! She's foolish if she spends even thinking about spending $150,000 for supply chain when the company will pay for it. SHE'S just stupid enough to want the status of going to "top tier" school.

[@lkj0822g]

After 40+ years in the corporate world and having sat on numerous hiring committees, I can tell you that no one cares where you got your degree. Dave is 100% correct on this one. Well, there is one exception to that rule and that is academia. Academia places an inordinate emphasis on the letters after your name and where you got your degree.

[@jimroscovius]

Academia is not very smart. I know that because I'm in it.

[@r.durante528]

If supply chain is what she wants then a certification in logistics will get her a six figure income. A small Midwest school gave her a six figure income. No one needs an MBA today.

[@Aristaifly]

That is just insane. I want MBA too and I'd go to any school that my employer pays to rather than spending 150k out of pocket. She's gonna have a nice salary but even with that it will take years to save for 150k MBA

[@dash4800]

For real. You already have the job, they clearly don't care what college you went to. This makes zero sense.

[@jamesjazzy8040]

Yeah but in the end she’s always going to be working for someone else getting up to an alarm clock...so she loses in the end.... start your own company is my advice......

[@dash4800]

@@jamesjazzy8040 FYI people who work for themselves still need to get up to an alarm clock

[@Aristaifly]

@@jamesjazzy8040 i don't think that you are in the position to give advice to anyone to start an own company. not everyone has entrepreneur mindset. well, unless you are the MLM rep and this is your sale pitch but still, don't do it.

[@michaelb.8953]

Dave Ramsey just saved this girl's life!!!!!!!!!

[@OriginalThreeOnes]

AMEN! God is good!!

[@teeduck]

No. Give me a break.

[@mxerb5912]

She’s not changing

[@LBmustwin12]

Right she almost fell for the American trap!

[@Michael-vf2mw]

@@teeduck One can always hope...

[@MichaelJones-rn2pq]

People need to quit looking at college as some sort of destination vacation resort place and more like a (maybe) necessary evil to get through as quickly and cheaply as possible.

[@kni9ght]

Seriously and STEM field or nothing

[@maximustrolleus9860]

i would agree with cheaply but not quickly. these are supposed to be the best yrs of your life and its all downhill after college. college is your opportunity to learn as much as possible and to make as many mistakes as possible. you dont want to be another sheltered ignorant 30 yr old. this is your opportunity to network, make lifelong friends, develop your personality/social skills, meeting ppl the same age as you, being exposed to multiple perspectives and your best chance of finding your "ideal" partner as it gets 10x harder after college especially with the brutal standards of online dating. unless your jobs is something really unique or cool, 90% of jobs are just going to be very dry and repetitive. i wish i could go back to college cuz working life sucks at age 30.

[@MichaelJones-rn2pq]

@@maximustrolleus9860 "All downhill after college." Perhaps you had unrealistic expectations of adulthood...more specifically, who would or should provide your entertainment and social life after leaving campus.

[@DutchManticore]

Has a finance degree, ROI doesn't even come into her mind before spending 150k on an MBA. Didactic institutions are teaching people WHAT to think, instead of teaching them HOW to think

[@robloxvids2233]

The only reason to get an MBA is if your company is grooming you for a promotion. And in that case they should pay for it or help you.

[@PInk77W1]

I’m a high school drop out My 18yr old daughter asked me if I could help Her pay for college. I said on one condition No student loans Now she has a Masters degree A real good job And no student loans

[@gina9684]

Awesome😀

[@CallHerCassie]

Sounds like everyone I know who wanted to redo their college experience…. You’re not 21 anymore

[@Primitive_Code]

Her choosing that prestigeous university is an emotional decision not methodical. It's not a wise choice to Dave and the rest of us because it's easy for us to judge, we're not emotionally attached as she is. But everyone makes these decisions and they're usually not very good decisions.

[@blackworldtraveler3711]

Abundance of young people allowing emotion and feelings to handicap their lives.

[@Sizukun1]

She *thinks* its a methodical or logical decision because theres a nasty rumor out there that where you attend school affects your future earning potential.

[@aolvaar8792]

@@Sizukun1 I went to the Highest median starting salary from a public institution in the USA. It is not a "rumor", statistical fact. Highest 20 year ROI from a public institution in the USA. Do think a JD from Iowa State is the same as a Harvard degree. If it were NO Cost, you would choose ?

[@maryboyle6562]

One of my friends has an MBA from Harvard and she started at $300K/year. If you are smart enough to get into one of the top 5-10 business schools in America, there’s a case to be made that the ROI is there.

[@Sizukun1]

@@aolvaar8792 Sounds like you're making things up. Salary is often dictated by skillset and the individual. Like Dave points out: nobody asks where their doctor when to school then agrees to pay a higher price because HARVARD.

[@vicepresidentmikepence889]

Dave "I don't care that you went to Vanderbilt" Ramsey

[@joeb5183]

I’m a Sales Rep in the packaging industry. These supply chain directors/purchasing directors are so burnt right now. It’s a revolving door at most companies I sell products to. An MBA does not make the product arrive faster. It’s also very difficult to negotiate pricing right now.

[@kaylaa2466]

Can confirm. I was a SCD & I just left. To be a SAHM for a few years. It is mentally & physically draining & it’s just not worth it. Everyone’s declining in that field

[@BiesingerFIREJourney]

I decided to go online MBA in Washington State University so I can work full time during school. It’s not an easy journey but I am so grateful I can graduate 100% student debt free!

[@roburb73]

Most people who discourage are those who don't have one, to include DR. I agree with the debate of her current salary, she's doing well and doesn't need it.

[@sstikel]

"You're right, Dave." That single sentence is one of the worst responses anyone can ever give you, per the book "Never Split the Difference". It's a fake "yes" meant to end the current discussion leaving the person free to do whatever they were thinking to do anyways. I fully agree with what Dave is saying here, she just doesn't agree with it and has not actually been convinced.

[@jeraldine8450]

Thank you Dave for answering my million dollar question. I don’t need to go to an expensive Program to be who I want to be 🙏🏻

[@cameroncook1164]

My first day of college they gave me a pamphlet that they want students to be “well rounded”. One of my first business classes my professor told me “the more you specialize the more money you make”. Tiger woods doesn’t make bank because he’s well rounded.

[@Comeoffitman]

Did anyone else notice that when she said 150 Dave raise his hissing fit?

[@TheFlyingZulu]

Love how Dave goes to saying how a small school made her a 150k job. lol

[@melacine34]

My brother was similar to this caller- enjoyed school. You want to figure out- are you a "learner" type? My brother was and now after going through Law school and not even pursuing taking the bar, that he just really enjoys learning. Now he's 6 figures of debt for his student loans that he's hoping will be forgiven (like most people who have way too much debt for what they make from it). As for this call, Dave was spot on- MBA is not worth 150k. Find a cheaper place for that as it's not worth it even for the "prestige" factor.

[@marquisstrongchild7535]

Lol clearly didn't learn much in finance school🤣

[@alittlepieceofearth]

I agree with Dave, but big ups to Rachel for going at it a little more diplomatically.

[@josephwilliams6586]

I'm living proof that where you go to school doesn't matter. I am a leader in supply chain and have two degrees from the cheapest programs in the state.

[@davidsalgado2185]

About to graduate from law school without debt :) thank God.

[@darrenruben4108]

Great how so. Awesome

[@davidsalgado2185]

@@darrenruben4108 thanks!

[@gina9684]

So awesome. Congratulations 😀

[@davidsalgado2185]

Thank you!

[@darrenruben4108]

@@davidsalgado2185 how did u do w no loans

[@hollyb6885]

Dave screamed “NOOOOO” just seconds before I did. This caller is delusional.

[@SparkeyCox]

Was delusional .... she agreed in the end

[@tannerlayton365]

I find it interesting that most of the people with an MBA end up working for the person who dropped out.

[@dans3718]

The person who dropped out probably has 2-4 more years of experience.

[@blackworldtraveler3711]

Seen that happen a few times. Seem to compliment one another in some cases.

[@kayekarens706]

@Tanner Layton Mann I Love Your Comment ❤️! There is always so much more to say but why these situations are self explanatory not to mention more is less and less is more in almost every case.

[@peterrose5373]

yeah, but most of the people who dropped out end up working for the MBAs.

[@user-jy7yw5kw3w]

There’s a long list of drop outs who created some of the most successful businesses. Andrew Carnegie was an elementary school drop out and became top 10 richest all time. Creating and running a business has not much to do with what we’re taught in school.

[@switchbladeromance1466]

🤣🤣🤣🤣🤣🇬🇧...let's get a degree in left handed puppetry 🤣..my school was Springfield Elementary 🤪

[@jugendamthamburg-ggkonform381]

My MBA cost me with scholarships 0 and I still had to think about it due to time opportunity cost.

[@jstyleent]

San Jose! Nice to hear a caller from the Bay Area! Thanks for saving her Dave

[@mirabella2154]

150k per year salary...😩 Girl, you don't need an MBA.

[@freebird7284]

it's not always what you "need"

[@mirabella2154]

@@freebird7284 She doesn't need an MBA. Period.

[@bricehatcher8391]

You have literally no clue about this person or her situation or her career. No possible way you know what she does and doesn't need.

[@mirabella2154]

@@bricehatcher8391 She doesn't need an MBA.

[@bricehatcher8391]

@@mirabella2154 o thank you for that clarification

[@Michael-vf2mw]

I would think that someone high up in supply management would be a tad more rational than this..

[@joeb1522]

150k salary in San Jose isn't very much, considering cost of living and taxes. California has the highest taxes in the country.

[@khale5357]

True story 😂

[@Sizukun1]

I hate that 'Borrowed Future' isn't free to watch somewhere.

[@johnnyhoang4444]

That decision making process is really foolish.

[@BrandonMinguez]

$150k for a MBA is ridiculous!

[@flea4061]

Ivy league matters. It attract employers. Connections. If your not going to Ivy league then it doesn't matter. Personally, I think MBA's are a waste of time unless your employer pays for it.

[@sassysilver4451]

I just finished my MBA - I paid 30k for it. I could of went to the 100k MBA school. I thought as Dave said, there is no way 100k is worth that MBA, and I had employers tell me they don't care where you went, just that you have it. And guess what? I learned a lot, and I have been promoted. Enough said.

[@WeBeatMedicare6969]

*could have

[@ONLY1KUDWE]

I said it once, and I'll say it again, I can never understand how someone can justify going with eithe or of 2 different extremes.

[@born2win259]

Get an APICS CSCP for $3,500. These are also valuable and companies like that to keep the certification it require maintenance every few years.

[@sssrcr85]

I like how Rachel winces whenever Dave is turns into a raging maniac.

[@thehuntschool196]

Haha, because you know she was the recipient of that mania when she was a teenager

[@thebestthingthatneverhappe6729]

I paid 16k total for my AACSB MBA and got it online lol, cash flowed it while working full time, it was useful as I transitioned into a management position while obtaining my degree. AACSB is same accredidation as all of the prestigious schools.

[@TheRYChannel]

If y’all give me a code for borrowed future I’ll watch it tonight

[@MariaInIowa]

Rachel C., the word is "pedestal," not "pedastool".

[@roolyfe]

How do I get into supply chain? I have zero experience. Help!!!!!

[@uwone7778]

Just don't go to the University of Fauxnix

[@tomdrummy4984]

I think many people want a MBA for the title…….so they can say I have an MBA. It defines them, in a way.

[@AaBbCcDdEeF]

MBAs are way too common.

[@dagobert1234321]

Is 150k degree from a top tier worth it? To stay in supply-chain, nope. To pivot to Consulting, PE, buy-side, it could, that’s why you run a return on investment. A prestigious MBA is not about the learning curriculum, you could learn the same at an online MBA, however a prestige school (Wharton ect) does have access to good network. That is worth much more than 150k

[@midkort]

Thank you. This is the kind of answer she needs.

[@losianoloveall]

supply chain??? shes cooked.

[@JustAName-it5qp]

Prestige don't matter, there's people from Harvard who don't know what a woman is.

[@marcenelj]

FOH you right wing nuts

[@RJRussoVids]

She wants to live "the college life" again. 🙄

[@teeduck]

So. It’s her life.

[@MrOfficer235]

Finance degree and didn’t learn math. Unreal

[@Camander]

It really depends on what you want to do. Try getting a job as a consultant at Bain from some bum school in middle of nowhere Nebraska. Gotta go to an Ivy League tier school for that.

[@kylemccarthy02]

The problem is people care about prestige

[@ptulip]

I wish people were more rational when it comes to student loans and high-priced colleges.

[@barbieblue3336]

Invest $150k, get a condo. Go on vacation. Dave was so happy lol yet shocked

[@everss02]

I tell my sister this over and over, she won't listen. If i interview ppl for IT jobs I simplify look up what classes they took, and look for high lvl math and programming, don't care where they went.

[@summerdowlig]

Ppl give Dave some flack but he does care about his listeners and gives great advice.

[@Buttlather]

I'm a doctor, everyone asks where I went to school. No one seems to care when they hear the answer and it's not Harvard, though. Of course, not many primary care doctors went to Harvard...

[@scorpion2320]

There are online MBA programmes that costs around $13k. MBA is good to have but overrated.

[@evelynherrera-gonzalez1474]

It does not matter where you go to school it is what you make of your education!!

[@Camander]

Sometimes it does matter where you go. If you want to break into Wall Street, good luck doing that from random state school in the mid west.

[@ashleesimons981]

She’s the secret sauce!!!! I love that!!!

[@jdek88]

Definitely not worth it.

[@Dflonn]

People look at Westpoint grads differently.

[@machutson5493]

Bet she spends the $150k+, been drinking the irresponsible Kool-Aid.

[@batman9512]

It almost sounds like she's trying to make up for receiving her Finance degree from Podunk U. by supplementing it with an MBA from Snooty U. I wonder if she'd be pursuing an MBA if she'd gotten her Finance degree from Snooty U.

[@Daily_Walk_]

School isn’t the way to become a leader in a field.. getting out and DOING it is how you become a leader.. costs way less too lol

[@BagsNBaguettes_327]

I paid 50k for my executive MBA from a pretty good school. Anything over that is insanity, it does ROI in supply chain but not 150k

[@jmkjmk5468]

50 K? That sounds too much still

[@BagsNBaguettes_327]

@@jmkjmk5468 not really, that included all books and awesome food during our weekend sessions so we didn’t have to think about finding stuff to eat, it was entirely gourmet and it was worth every penny

[@BubbleMania5678]

MBA = Master's in Business Administration. You can get an MBA by learning how to administer people without learning how to run a business. The latter part being the more useful skill.

[@MrCoxmic]

if somebody else is not willing to pay for your schooling then either you are not worth the investment or the investment is not worth it to them

[@LeviHeatonIII]

If this girl wants to work in DC y’all just gave her horrible advice and you never even asked if she wants to work in DC. Those people absolutely care about what school you went to.

[@kelvingladwin4929]

MBA not worth it except from few schools

[@johnwillis2649]

Dave’s not entirely correct. There are some fields and some positions where it matters a lot where you went to school. For example, in investment banking don’t even apply for a job unless you have an Ivy League level degree.

[@wbae1340]

Man crazy. There are a lot of careers (health) that require a masters or doctoral, so many like these you can be so successful without one.

[@wzk6444]

Look into the iMBA at UIUC. Very affordable and they have a supply chain focus.

[@wzk6444]

The whole program costs about $20 to $30k

[@evanmunden2414]

caller: this is gonna be a good idea! dave: LOL, no its not!!! here's what you're gonna do: also, have a free documentary.

[@ttss1234]

"prestigious" is the big selling point here. Not it's a "great" school and I'll be making more money with it. And many professors aren't really in the real world selling a product or service.

[@Dan16673]

Schools does matter but only a few select schools and in certain industries

[@mikewright2858]

Great advice - and not only do very few employers really care where your degree is from, if you find one that really puts weight on that, look elsewhere - as their priorities are jacked.

[@forgotmylogininfo]

Where can we get that discount code? lol

[@wellsbibo6175]

This chick nearly doubled her income with her work ethic, intellect, and hustler mentality and she's trying to justify $200K in debt for a piece of paper. She's shopping for school with her ego.

[@drn13355]

Spend 150K on a degree that "isn't really required in my field"?

[@mikes2974]

I hope that caller plays the clip to her child someday so they know how much The Ramsey team changed their family tree.

[@user-vi5vd3ty9d]

And be more well rounded. Good god lmao

[@montymython754]

It bothers me when someone inflects the end of every sentence

[@RandomWalkDown]

a Harvard, Stanford, or Wharton MBA average career earnings is north or $4M. Compare that to a average university graduate of $1.2M. A top MBA is worth it IMO.

[@motoryzen]

Yes.,IF you're lucky enough to get hired ...AS THAT...at THOSE schools. And that's often a long waiting list...as in years. It's not like mba's at these schools are understaffed.

[@robertlulek1634]

Some people just want to be professional students their whole life

[@larryhawes8295]

Great advice but...she's not buying it.

[@tubenachos]

She needs validation to spend $150k on a degree 🤣 lunatic

[@MrSteelermaniac]

AMEN TO DAVE!!! 🙏

[@taco14king]

What’s she really paying for is if she went to x school it’s for the experience or university again and that’s stupid imo going to prestigious school to a non prestigious school u get the same degree and different price with different experience and it’s not worth the extra cash for the experience and trial of going x- prestigious school

[@johncameron4194]

That’s an insane price

[@jamesjazzy8040]

Yeah but in the end she's always going to be working for someone else... getting up to an alarm clock...slugging off to work every am.. start your own company is my advice..create your own supply chain- its called a business...

[@bdan6954]

If people are homeless, they should just buy a home....duh

[@steveguti6452]

Jesus Christ died for our sins according to the scriptures and that he was buried and that he rose again the third day praying for everyone everyday God bless you all .

[@mationinfo]

🤔 if that is what you believe in that is ok. In my personal opinion, you have done no wrong for anyone to die for you. All the very best to you. There is so much love out here for you. No fear.

[@kirapoodle]

What sins? None of us weren't even born yet.

[@paulafoss9292]

God bless us all in Jesus name!!!

[@kuryanthomas1438]

shes not gonna listen to dave lol. But i think she will end up doing well anway with that ucla/stanford mba!!!

[@teeduck]

I’d take the Stanford MBA. Big connections. Worth the $150k

[@jordy_beats2980]

I like hype Dave lol 3:24

[@dac8939]

Is worth it. I did Masters in financial mathematics. Pre Masters I was making $110k. Post Masters I was making $220k. Friend had similar bump Masters in real estate investment and finance. Pre Masters was $80k. Post masters was $160k. It pays of easily with correct masters, experience and school. Although MBA and masters only good from top school in certain areas.

[@powwow1194]

Where you go to school def matters in some professions lol Dave is wrong here. Try getting a job in New York big law without going to a top twenty law school.