What’s My ROI? Calculating the full return on a business education

Four years ago, I hatched a plan to do my own “MBA” composed of free university courses (what I called a No-Pay MBA). At that time, MOOCs were just becoming more widely known, and many famous business schools were introducing new courses. I had an intuitive sense that a fully featured, prestigious MBA with all the bells and whistles (and all the debt) wouldn’t serve me as well as a more stripped down business education, designed and administered by me. That hunch turned out to be right, but it is only with the benefit of hindsight that I can fully account for the ways in which my decision not to pay for a regular MBA was a good one.

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