Return on investment from college education
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Part 1:
Pursuing higher education enhances the employability of an individual. Higher education paves way for more opportunities which cannot be obtained with ordinary graduation. Completing MBA (Master in Business Administration) from a good institute adds more value to the individual profile and these institutes provides for good placement assistance too. MBA will enable the individual to climb up the ladder in the management hierarchy.
Higher education provides for an opportunity to learn more of different subjects and to get in-depth knowledge about the subject in which the candidate wants to specialize. Good institution
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Part 2:
After successful completion of the course, the desired occupation will be to become an investment banker. Investment banker draws higher salary and they have broad career spectrum. There are more opportunities in this industry with an MBA degree both in domestic and in international market. The annual remuneration ranges from $80,000 to $150,000 this for the entry-level with MBA degree in the market. The industrial average regarding the signing bonus which can be earned is $46,000 and guaranteed average bonus is $38,000.
In this case, with the above statistical data it is clear that minimum average salary an MBA degree holder can earn after two years will be $110,000 with the signing bonus of $46,000 and a guaranteed bonus amounting $38,000. The amount to be received at the time of joining the job is $46,000 and the year-end annual compensation will be $148,000. The annual salary is expected to grow a minimum of 6% to 8% every year based on the performance. Minimum growth rate for the first four years is assumed to be 7% and more than 8% that is about 10% for the remaining years. Educational loan will be obtained for 2 years with condition to repay them after the placement confirmation. The loan interest is about 6.5% with 5 year time period; this will result in an annual payment of $47,453.13
The past has shown time and again that one who has been well educated succeeds in life. If a person attends college limitless doors will open for him or her because one has multiple possibilities in the career field. Since one has the qualifications, particular career options will continue to provide themselves. One will most likely be paid more money because one has a large wealth of knowledge, and have been professionally trained in certain areas of expertise. Financial success, excessive knowledge, and endless career possibilities are a few basic effects of a college education. If one has been trained correctly, life will provide a great deal of optimism, and one will most likely live an additionally comfortable monetarily savvy life.
From the financial aspect, the opportunity cost of taking MBA program will keep increasing as his
I intend to pursue an MBA in Finance. The said concentration will equip me with the relevant skills I require to succeed as a finance director in a reputable organization my long-term career goal. I am certain that with an MBA in finance from a reputable institution like Terry College of Business, I will not encounter any difficulties securing employment in a top firm. This is more so the case given that as the college points out in its website, "our programs not only get you to the table-they keep you there" (Terry College of Business, 2013). For this reason, I am certain that having an MBA in finance from a top business school will jumpstart my career and shepherd it in the right direction.
First of all, there are some pleasures and advantages in education that bring positive changes in human life. It enhances the knowledge, and
The only way higher education can surely be worthwhile is if the right measures were taken to lead each student to the right path that suits them, in doing what they love and enjoy at the same time of building their road to success. Everything should matter to the higher institutions in order to bring the best possible outcomes for the students by achieving their well being which according to Busteed is the sum of several factors which include mental, physical, social, and financial state all together to achieve the real meaning of success and make college worth
Higher education is good for many things in today's world. College experiences help people to truly find themselves through personal growth. Higher education will expose you to people, ideas, and topics that you would never encounter in high school. Each year of college assists in
To being with, A college education can open many doors in a person's search for a career. People that have attained a college degree is hired in at a higher pay and is considered to be much more employable. This means that a college graduate would offered
To achieve my goal of being the Business/Divisional Manager, I need to have an MBA degree which is one thing that I have already started and will surely be completing successfully within three years’ time i.e. end 2015. And I am already having the management experience of 6 years now. With 4 years of experience as a Head of the department, and that too with reputable aviation firm in South Africa.
To enter into the world of business it is best to earn a two-year associate’s degree in business management. Earning this can offer you opportunities. You would start from ground level and progress in the company buy furthering your education and obtaining a bachelor’s degree. Most companies who are hiring are looking for people who have at least a four year bachelor’s degree, which makes this the best choice. For top-level spots, you will most definitely want to seek a Master’s degree. Employers looking for people for senior level positions are looking for those with better degrees. Typically, this extra education requires an extra year or two of college beyond the bachelor’s degree. Obtaining a master’s degree may become an option offered to you by your employer to get to that top spot in your existing company you work for.
Secondly, getting an MBA degree will cost Ben a lot of money. Currently at the age of 28, he already has a job experience of around 6 years. This job allowed Ben to have a savings account with enough money to cover the
Firstly, society should view higher education as much more than the path to obtaining a degree. The real merit of higher education lies not in the practical use of a degree to obtain a job, but simply in the acquisition of more knowledge. On a basic level, attending a university gives young minds a space in which to study their chosen field. The Chinese philosopher Hsun Tzu argued that
An increasing number of business professionals choose to earn their MBAs through the internet. Pursuing an MBA is a great accomplishment. Many undergraduate students graduate and move on to pursue their Masters Degree in their desired field. This marketing plan illustrates the market segments and the strategies of employing to get customers and create a solid revenue stream. Our unique focus is creating opportunities for the fulltime working student that is not able to go to a campus for classes. A twist that gives us an advantage over our competitors is by giving students more options of what is available in picking from a larger selection of majors. From
The MBA program was introduced for the first time in the United States in the early 20 th Century and was modeled on the basis of the prevalent 2-year graduate programs. It gained significant traction after its inception, however was later criticized for its lack of practical relevance. It was often said that “MBA was too academic, too theoretical and divorced from real-life business practice.”1 Business school subsequently responded by improving quality of teaching and content. The first year was dedicated to
Higher education in the United States arose as an answer to the need to train clergy for the seminary. Throughout the centuries, higher education has evolved to become one of the principal means in educating individuals in specific areas of study. Individuals seek higher education to become more proficient in a particular occupation, area of study, or as a requisite for employment or advancement in specific fields such as engineering, management, or the sciences. The benefits that individuals who attend institutions of higher learning realize are more than education; the benefits are numerous and consist of socioeconomic benefits as well as personal benefits for the scholar, including income benefits, employment advantages as well as
Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program.