I Finished My MBA with No Debt at Age 23

On Friday, I took my last MBA exam. I’m finished with my MBA at age 23. Here’s a quick recap of my educational achievements:

  • May 2008 – Graduated Valedictorian from my High School as an International Baccalaureate and Advanced Placement Distinguished Scholar.
  • May 2011 – Graduated with my B.S. Global Business from my college with Magna Cum Laude Honors.
  • May 2012 – Graduated with my M.S. Supply Chain Degree with Distinction Honors
  • May 2013 – Graduated with my M.B.A with Distinction Honors

I did this without acquiring debt. I’m so glad I finished my M.B.A. Now I feel like I completed my mandatory education and I can move on and concentrate on something else.

I learned a lot from my M.B.A. education and believe it is extremely valuable to your career. I think an M.B.A. provides you with the prestige because honestly, you learn everything on the job.

Most people finish their post-college education way later in life. I decided to get it over and done early. A lot of people don’t think it’s valuable, or that companies won’t take you seriously. But honestly, companies don’t care at what age you received your MBA, only that you have it. So when I’m 30, and can say I have 10 years of experience and an MBA; they won’t ask, when did you graduate with your MBA?

An MBA costs a lot of money. At my school, tuition and expenses for an MBA totaled to $48,000, if you did it in 1.5 years. $48,000 is a lot of money. I know one family can survive on this alone for one year. One class this semester was $2,500. As soon as I get my grades, I will apply for tuition reimbursement at my company. I think by mid June, I should have the $2,500 back in my savings account.

Can’t believe the end finally came. Now that I finished my class, I plan to dedicate more time to this blog. I want to grow it. I, also, want to get more staff writing positions. If you know someone that is hiring, please let me know! I, also, want to start a professional blog. I’m going to plan it this summer, and hopefully take it live in the fall. My professional blog will concentrate more on business strategy and operations topics.

What’s next for my education? My company reimburses up to $8,000  every calendar year. I think this is an added benefit on top of my salary that the company is giving me. So, I’m actually looking into enrolling a new master’s program. This master’s program concentrates more on negotiation and dispute resolution; a skill I could utilize my entire life. Maybe I can finish it by the time I’m 25? Or 26, might be a more realistic goal. I have already done the math. I could take up to 3 classes a calendar year. Each class is $2,500. My plan is to start the application this month.

Are you working on a graduate degree or recently finished one?

I received $100,000 in scholarships. If you are interested in finding out you can graduate debt free, read 9 Tips For Paying For College, Stafford Loans, Choosing the College Path, Value Proposition of Your Degree.

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22 comments

  • Congratulations! That’s an incredible achievement. Why do you say the MBA was “mandatory” education?

    • Thanks Funancials! I say it’s mandatory because it was on my educational requirement list. My list is of course personal. Now I can study fun things like basket weaving LOL…not that I would want to study that.

  • Congrats! You are awesome :)

      • Hi,

        Thanks for posting this, it really inspired me. I just graduated from college in May 2014 at the age of 21 and am now in my second semester of an MBA program at Arizona State University and will finish next May, at the age of 23. I work for Yelp currently and will have just under 2 years of experience when I graduate. I am nervous about competing for jobs with people with a lot more work experience and whether or not I can expect a high salary upon graduation, etc. As someone who finished it young, can you please give me some feedback about job prospecting and salary expectations?

        Thanks

        • Believe in yourself, apply to lots of different companies, negotiate your salary. Network your balls off! Excuse the words. I landed all my job offers through networking. I didn’t even apply through online portals.

  • Jessica Rodriguez

    Congrats! So nice to see your progress! keep it up :)

  • Would getting a Real Estate license interest you considering you will be purchasing a home in the future? Then again the fees you have to pay your broker might negate any benefits of buying your home and representing yourself for the commission…

  • That’s awesome your company was able to reimburse you so much, and congratulations on being done…well for now anyway until you possible pick up some more classes. I think I would have have a hard time leaving college and then later going back for an MBA because I think I would have lost my motivation to study and dedicate time to it later in life. :) My type of job would not help me really with an advanced degree…more like technical classes perhaps, or if I went into another line of work entirely. Good luck with the new blog venture as well!

  • Wow you’ve accomplished alot in your 23 years! Pretty awesome. Tuition reimbursement is great, I was really trying to get a job that offered that benefit when I was going to grad school. I did work full time while attending school part time, so I cut down on debt, but unfornately still have a good amount. So you went to school part time while working full time also? And you’re running a blog? Impressive =)

    • Thanks Andrew! Tuition reimbursement is pretty awesome! I love it! I did. I did full-time for a bit, then landed a full-time job, and switched school to part-time. How much debt did you acquire?

  • Amazing! Congrats on this and your recent raise!

  • Well done and congrats! That’s quite a young age to obtain one.

    Do you feel like with all the education you’ve got to now maximize it with X amount of years of work? After I got my MBA, I told myself I had to work for at least 10 more years to make it worth while. I was around 4 years short :)

    Sam

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  • I am also completing my MBA degree at 23!

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