Ben's Decision to Get an Mba

Bus650: CH4 Closing Case 1

An Assessment of Bus650: CH4 Closing Case

Anthony Farias

Bus650: Managerial Finance (MA1121A)

Dr. Wendy Achilles

May 23, 2011

Bus650: CH4 Closing Case 2

An Assessment of Bus650: CH4 Closing Case

1. How does Ben’s age affect his decision to get an MBA?

Age is one of the important factor that affects someone decision to continue study. The earlier you get your education the higher salary you can expect throughout your career. Although education is not required it is a fast track to success in the corporate world. In this case, Ben is now 28 years old. He graduated from college six years ago when he’s age is 22 years old. Assuming that Ben had worked for the previous 5 years since graduated from college, it is expected he accumulated this money from salary saving in 5 years to do his MBA at 28 years age. If he starts the MBA program at 28 years old, he will spend two years for study and perhaps finish his MBA at 30 years old through Wilton University and possibly 29 at Mount Perry College. Assuming he still works for 40 years after receiving his MBA he will now delay retirement by 1 to 2 years, however he will have a much higher salary throughout his career with MBA.

2. What other, perhaps non-quantifiable factors, affect Ben’s decision to get an MBA?

There are several non quantifiable factors affect Ben’s decision to get an MBA. First, Ben has to evaluate his current family situation. If he is married with or without children, this can affect Ben’s decision because having to support a spouse or child will put a financial burden on his already expenses. Second, when assuming that Ben has already worked for about 5 years since graduated from college, he already has the job experiences as the MBA program usually puts a requirement to the candidates of at least having two years experiences in their respective field. The third is his willingness to continue the study. If he is eager to continue the study, he will continue...