The MBA degree comes with an opportunity cost and a high price tag, but how does it provide value to the graduates? The current research attempts to explore the value proposition of MBA degree. Going beyond the traditional measures of the value of MBA degree we explore the relationship between special work arrangements that employees negotiate with their employers, called idiosyncratic deals (i-deals), and graduates’ perceived value proposition of the MBA degree. Employing hierarchical linear modeling analyses on time-lagged data separated by six months and gathered from 306 graduating MBAs representing 54 universities across countries in North America, Australia, and Europe we found that receipt of i-deals prior to organizational entry was positively related to perceived worth of the MBA degree. Furthermore, results also revealed that denial of a requested i-deal significantly weakened the association between i-deals obtained and the perceived value of the MBA degree. Results thus demonstrated that the MBA degree provides value to graduates through i-deals. Implications for management education and directions for future research are discussed.