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¶ … decision to enter an MBA program should take into account a number of factors. The financial part of the evaluation essentially takes into the expected improvements in earnings, and weighs these against the cost of the program. This is basically an NPV calculation. Therefore, Ben's age is a factor, because the younger he is, the more years of earning he will have. By accelerating his career path at a younger age, Ben will also have a higher ceiling.
There are a number of nonquantifiable factors that Ben would take into account. His family situation is one consideration. The MBA program will require a significant investment in his time and energy, not to mention money. The degree to which his family (if he has one) can bear losing his time, attention and earnings will have an impact on his ability and desire to pursue an MBA.
In order...
Assuming a discount rate of 6.5% and 40 years of working, Ben would have an NPV of after-tax earnings of $779,403.
The first MBA to take into consideration is the Wilton MBA. This has a net present value of $1,170,548. The second MBA to take into consideration is the Mount Perry MBA, which has a net present value of $1,089,084. If the decision is strictly financial, then Ben should sign up for the Wilton MBA, because it has the highest net present value.
4. Ben is incorrect that calculating the future value is the best option. He might be thinking that the present value is just the discounted future value, but that not the best way to look at the situation. The NPV calculation takes those future cash flows…
Fashion MBA Application Why is an MBA a critical next step toward your short- and long-term career goals? Why is LIM College the best MBA program for you? LIM College seeks candidates of various backgrounds who can bring new perspectives to our community. How will your unique personal history, values, and/or life experience contribute to the culture at LIM College? For the past two years, I have worked in retail -- at
While the "quality and the craftsmanship [of Tiffany & Co.'s products] must stand the test of time," the conscience of a socially responsible attitude towards its products becomes an even more important element in order to make the customers appreciate the true value of its offer. The added value of an "industry leader" approach concerning the social responsibility issues involved by the industry is also a desired course of action,
Nearly all failing schools fit this description (Six Secrets of School Success 2000)." If a country is to overcome educational problems, they must take into account the mentality that poverty creates and how that mentality deteriorates the wherewithal to do well in school. Although poverty is the issue that affects most underachieving schools, the idea of the super head was conceived as the answer to poorly performing schools. According to
His ideas are not important for their uniqueness (though they are singular), but because of the essential similarities between his conservative business utopia and other versions of collectivism" (Gilbert, p. 12). This biographer reports that King Camp Gillette was born in January 1855, the fifth of seven children, to George Wolcott Gillette and Fanny Camp Gillette, in Fond du Lac, Wisconsin; when King was four years old, the family
Air traffic has continued to increase and it now constitutes a considerable proportion of the travelling public. The amount of long-hour flights has increased significantly. Based on the International Civil Aviation authority, air traffic can be anticipated to double amid till 2020. Airline travel, especially over longer distances, makes air travelers vulnerable to numerous facets that will impact their health and well-being. Particularly, the speed with which influenza spreads and
The main advantage is that the stories are well documented and written in an objective manner. 2008, GSK Outlines Plans to Become More 'Biotech-like', Fierce Biotech, http://www.fiercebiotech.com/story/gsk-outlines-plans-become-more-biotech/2008-06-10 last accessed on June 3, 2009 2009, GlaxoSmithKline Plc., Hoovers, last accessed on June 3, 2009 -- Hoovers is a centralized database that reveals information on multiple organizations. The benefit is that the data offered is extensive and comprises features such as industry forecasts,