1. How does Ben 's age affect his decision to get an MBA? Age will be an important factor affecting his decision of getting an MBA course in multiple ways. After graduated six years ago, time has been taken off from education and invested into his career. Keeping on risingwith age and six years break from education, it will not only be more difficultto concentrate and remain good attitude towards studies, but also keep family and work responsibilities. Moreover, he would have only approximately 38 to 39 more years for work if he decides to take the program.Thisdoes not accord with his initial plan to work for 40 more years. From the financial aspect, the opportunity cost of taking MBA program will keep increasing as his …show more content…
PV = $1,462,896.46/ (1+6.5%) PV = $1,373,611.70 Timeline: Therefore, the net present value of Study at Wilton University: NPV = -$89,500 + $12,000 + $1,373,611.70 NPV = $1,296,111.70 Therefore, the best option for Ben is getting the MBA at Wilton University because it has highest net present value which is $1,461,953.54. 4. Ben believes that the appropriate analysis is to calculate the future value of each option. How would you evaluate this statement? Summary of the present value: Wilton University Mount Perry College Expenses Expenses 2 Years full costs $141,544.60 1 Year full costs $89,500 Income Income Future Income $1,591,331.25 Future Income $1,373,611.70 Signing Bonus $12,166.90 Signing Bonus $12,000 Net present value(NPV) $1,461,953.54 Net present value(NPV) $1,296,111.70 i. Keeping his current work for 40 years Future Value (FV) of Annuity: FV = PV (1+r)t FV = $935,283.49 (1+6.5%) 40 FV = $11,612,549.52 ii. Study at Wilton University Future Value (FV) of Annuity: FV = PV (1+r)t FV = $1,461,953.54 (1+6.5%) 40 FV = $18,151,724.12 iii. Study at Mount Perry College Future Value (FV) of Annuity: FV = PV (1+r)t FV = $1,296,111.70 (1+6.5%) 40
6. Although you are basically satisfied with the analysis thus far, you are concerned about the
I am very excited to enter an MBA program that will allow me to focus on my interest in healthcare management as well as provide me with career possibilities and exposure to resources. My academic object is to receive a MBA with a concentration of healthcare Management. I believe that my education and work experience have provided me with a great introduction to healthcare. With my experience I gained an interest in management. I consider a Carlow University MBA to be needed to gain a broader understanding of management and to sharpen
4. Based on your analysis in (1) – (3) above, what is your overall conclusion regarding the
I intend to pursue an MBA in Finance. The said concentration will equip me with the relevant skills I require to succeed as a finance director in a reputable organization my long-term career goal. I am certain that with an MBA in finance from a reputable institution like Terry College of Business, I will not encounter any difficulties securing employment in a top firm. This is more so the case given that as the college points out in its website, "our programs not only get you to the table-they keep you there" (Terry College of Business, 2013). For this reason, I am certain that having an MBA in finance from a top business school will jumpstart my career and shepherd it in the right direction.
Ms Yu seeks an MBA to progress his career towards public accounting and use her knowledge to improve what she sees as the next level of auditing. I fully support her wish to advance abilities needed to enact her aims and achieve her considerable potential.
To achieve my goal of being the Business/Divisional Manager, I need to have an MBA degree which is one thing that I have already started and will surely be completing successfully within three years’ time i.e. end 2015. And I am already having the management experience of 6 years now. With 4 years of experience as a Head of the department, and that too with reputable aviation firm in South Africa.
Ken graduated from BCC and went directly into the work force. However, he is currently enrolled at Western Governors University for his bachelor’s degree. But Ken doesn’t plan on stopping there. Ken has a plan for his future, “I do plan on enrolling into a MBA program as soon as I get my bachelor’s degree.”
An MBA in project management from Saint Leo University will assist me in pursuing a career where I enjoy the challenge of working in a project management position. I have already taken steps to enhance my project management skills through self-study. I regularly read books on the subject, and also like to read about the constant developments of projects in the
➢ Be prepared to defend your specific assumptions about the various inputs adopted into equations. For example, the team is expected to suggest the proposed market risk premium.
Secondly, getting an MBA degree will cost Ben a lot of money. Currently at the age of 28, he already has a job experience of around 6 years. This job allowed Ben to have a savings account with enough money to cover the
Ben's age will affect his decision to get an MBA in the sense that the earlier he gets an MBA the better off he will be. Being currently 28 years old, and he has been working for six years already MBA normally
I understand that doing MBA is not an easy job; it requires lot of hard work. It is not simply learning theory and writing it in exam paper. In fact, it is a field that prepares you for the practical world of business. Therefore, I will have to do a lot more than simple learning; which will be going to different organizations for interviews, preparing thesis, designing marketing campaigns, doing internships and a lot more.
An increasing number of business professionals choose to earn their MBAs through the internet. Pursuing an MBA is a great accomplishment. Many undergraduate students graduate and move on to pursue their Masters Degree in their desired field. This marketing plan illustrates the market segments and the strategies of employing to get customers and create a solid revenue stream. Our unique focus is creating opportunities for the fulltime working student that is not able to go to a campus for classes. A twist that gives us an advantage over our competitors is by giving students more options of what is available in picking from a larger selection of majors. From
As discussed above, given costs cannot explain the variance in price, another explanation to this dilemma could be found on the consumer or demand side. More specifically, the willingness to pay for an MBA degree, whether 1 or 2 years maybe a certain level that the potential ‘market’ may not be willing to comprise on.
Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program.