Bus650 Chapter 4 Closing Case

Chapter 4 Closing Case

1.) Ben's age affects his decision to get an MBA because he has a plan for retirement. Ben expects and plans to retire at the age of 68, 40 years from his decision to get an MBA. This decision is directly affected by his plans for retirement because the age at which he may be able to retire could be affected by the amount of time it takes to pay of student loans, particularly loans from a tuition that it twice as costly as an alternative school.

2.) Ben may or may not have any nonquantifiable factors affecting his decision to get an MBA. However some examples of nonquantifiable decision for Ben could be the experience gained/lost by leaving his current job in pursuit of his education, or the impact his school may or may not have on his time for personal relationships, or maybe the education he will receive will be worth more than he ever hoped for and worth every dime and minute spent on it – both for its rewards financially and for its own self worth.

Ben may gain the accreditation of an MBA but he may also lose some very valuable hands-on experience at work during ECY's growth period. This could prove to be a poor choice should ECY grow substantially and Ben miss out on the opportunity to have been there and been a part of it since the beginning.

The example does not mention family or relationships as a consideration for Ben but for many it is a topic of concern. It is very hard to maintain a relationship during the pursuit of an MBA if you are not already grounded firmly within it. Also, it delays your opportunity in some cases to begin relationships; this could also affect his plans although it is not mentioned in the case.

The benefits of the MBA are obviously something that we are all in search of. Hopefully we can achieve an education that will provide future opportunities that we would not have been afforded prior to achieving it.

3.) I believe from a strict financial standpoint that Ben is best served by...