The Mba Decision Case Study

In: Business and Management

Submitted By labgemini
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The MBA Decision - 1. How does Ben’s age affect his decision to get an MBA? A.) Age is a very important factor when deciding to go back to school. It certainly was when I decided to go back for my MBA at Gannon. I was 34 years only when I started this program and will be 36 when I hopefully finish. Ben is 28 years old currently and he has about 38 years more years to work as the problem states. Even if we take in to account the cost of the education and the time he still bound to make more money from the degree. If he continues to wait he will forfeit those years where he can get a higher salary. Therefore the total lifetime salary amount is lowered.
Another fact that comes with age is the older one is the harder it is to learn and keep things in your head. I can personally attest to the fact that my memory and capacity to learn was much better in my teens and twenty’s than it is currently. The longer Ben waits then it can be harder for him to get back into the groove of school as well.
Age also affects one’s ability to get a job. Even the age discrimination is illegal, it cannot be easily proven. Most companies will prefer younger and more dynamic individuals for hire in hopes that they can groom them for long term positions within the company.

2. What other, perhaps non-quantifiable, factors affect Ben’s decision to get an MBA? A.) This is such an important question as with everything life nothing is strictly black and white. Just like my situation, I would say Ben needs to evaluate not only current financial situation but his family and work situation as well. The case study points out he has enough savings to cover the cost of his entire MBA program, but is that just the schools costs or does that include his living expenses as well? This is important since he would not be able to work while enrolled in the program.…...

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