I recently had a discussion with a college senior set to graduate with her bachelor’s degree this spring. She’s considering going straight into an MBA program, mainly because of concerns about the current job market and her ability to manage student loan payments. She can defer her loan payments while enrolled in a program.

This isn’t the first time I’ve had this conversation. For the past 10 years, my advice has remained the same: Wait.

Here’s why:

1. Get an MBA When It Adds Real Value to Your Career.
   Gaining work experience first helps clarify your career direction. For me, I knew I was ready when I was promoted into a management role. While I excelled in the technical aspects of my job, I lacked experience in coaching and leadership. Because I waited, I was able to tailor my MBA coursework to focus on the skills I needed most, making each class immediately impactful.

• Experience Leads to a Higher ROI.
  Many employers are willing to train new graduates for entry-level positions. However, those with advanced degrees often expect higher-level roles and salaries, which can be difficult to secure without experience. As a hiring manager, I looked for proven experience when filling advanced positions—an MBA alone wasn’t enough. By gaining work experience first, you’ll be in a stronger position to leverage your MBA for career advancement and higher pay.                                                    

• Employer Sponsorship Can Save You Thousands.
  Many companies invest in their employees’ professional growth by offering tuition assistance for advanced degrees. These programs are underutilized! I took advantage of this and earned my MBA over time without adding to my existing student loan debt. If your undergraduate loan payments feel overwhelming now, imagine how much higher they’ll be if you take on additional debt right away. You’ll also have accrued more interest.

Ultimately, an MBA is a powerful tool—but only when used at the right time. Waiting until it aligns with your career goals, experience, and financial situation can make all the difference.