Why are people still spending $100k+ on MBAs when lower-cost career paths can outperform financially?
Serious question: why are people spending $100k+ on MBAs / leadership master’s when lower-cost licensing paths can outperform financially?
For example in Canada:
LLQP:
- a few months
- low upfront cost
- path into insurance sales / brokering
- realistically six figures if you’re competent, potentially much more if you build a book or brokerage
vs
MBA / engineering leadership / management master’s:
- 1–2 years
- massive tuition + opportunity cost
- no guaranteed outcome
- many grads still landing fairly normal corporate jobs
And before people say “long-term upside”... why wouldn’t the LLQP route also compound over 10+ years into management, ownership, or a brokerage business?
Especially with AI making some white-collar business/analyst/marketing work feel less stable than relationship-driven sales.
Genuine question: what’s the actual economic argument for the expensive master’s route?
Not asking about passion, learning, or prestige. Purely career ROI.