Compares the opportunity cost of studying full-time for an MBA versus studying part-time while continuing with employment.
Written in 2001; 1,153 words; 1 sources; APA; $ 39.95
Paper Summary:
This paper compares and contrasts the opportunity cost of taking a leave of absence from work, moving out of town and pursuing an MBA full time with that of maintaining your job while being enrolled in a local or online part-time MBA program. This essay focuses on how acquiring an MBA part-time, while remaining employed, lessens the financial cost, and thus the amount of time necessary to recoup one's educational investment. This paper also talks about the non-economic commitments that must be made in obtaining an MBA degree as well. Finally, this concludes with a summary paragraph that makes a recommendation regarding which option is preferable for obtaining an MBA.
From the Paper:
"Return on Investment (ROI) is an important consideration in performing a costs benefits analysis of obtaining an MBA. The full time MBA student who forgoes two years of salary will have a longer ROI than a part time student because of the forfeited income. If the full time student is able to finish faster they may be able to recoup some of this loss because obtaining the MBA ostensibly will increase their salary, so being able to increase their salary faster will help offset some of the detriment of forgoing income while in school. However, even if a full time MBA student were able to get their degree in half the amount of time necessary for a part time MBA student they would have to double their salary to match the foregone income from not working."
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