Mba Decision Essay

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THE MBA DECISION 1. How does Ben’s age affect his decision to get an MBA? Ben’s age certainly affects his decision to get an MBA. Younger people have more time to make up for the opportunity cost of lost income during the duration of their MBA, as well as the costs of the degree. The case states Ben’s age as 28 and indicates that he graduated from college six years ago. Therefore we can assume that Ben might have been working in his current position at Dewey and Louis for about six years, and has been able to save enough money to cover his MBA tuition and other expenses alongside this. In comparison to recent graduate with a bachelor degree, Ben will not need any loans - a big advantage for a student. Additionally, his real-life experience at a money management firm will be beneficial when pursuing his degree. However in uncertain economic times it is a great advantage to have a job, and therefore a risk to give it up to go back to school. 2. What, other, perhaps non-quantifiable factors affect Ben’s decision to get an MBA? There are several non-quantifiable factors that affect Ben’s decision to get an MBA. As mentioned in the previous answer, Ben has the advantage of multiple years of working experience which fulfills the requirement of many universities for admission and gives him a competitive advantage compared to other students. Further his current family situation is an important aspect. A relocation to a university with wife and kids can be very difficult, as well as the missing income from a reliable employer. Ben’s current level of happiness and satisfaction with his job can be an additional factor, as well as his motivation with regards to his career. Many upper-management positions require a master’s degree and can limit him eventually within a company’s hierarchy. 3. Assuming all salaries are paid at the end of each year, what is the

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