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Reinvention

The Value of My $150,000 MBA Is Now in Question

We thought we were on top of the world. Now my MBA class and I are reassessing our futures.

Here I am in February interviewing UPS's then-CEO David Abney.

Here I am in February interviewing UPS's then-CEO David Abney.

Photographer: Reilley Dabbs/Bloomberg

When I decided a few years ago to spend $150,000 on an MBA while a reporter at Bloomberg, I had an ambitious goal: be the best financial reporter the world has ever seen. This degree, I thought, would help me better understand the workings of Wall Street. It would also give me a leg up in an industry still dominated by white men and plagued by job losses.

Meanwhile, many of my classmates at NYU’s Stern School of Business had fairly straightforward plans. They wanted to be promoted to a director at UBS, get into Bain’s first-year program or move on from a nonprofit. Almost everyone in the graduating class expected to spend May 2020 locking in career opportunities and being catapulted into new, better lives.