Mini Mini Case, page 145:
1. How does Ben´s age affect his decision to get an MBA ?
Ben’s age has a big impact on his decision to get an MBA. He already worked about 5 years at Dewey and Leweys and he earns the complete salary as an employee. Now it is up to him whether to invest in a higher degree in order to earn more money in the future or to keep his current job and invest his money in other things.
It can be a hard decision for a person who already worked 5 years because in these one or two years of education he does not earn any money but he has to pay for his education.
3. Assuming all salaries are paid at the end of each year, what is the best option for Ben from a strictly financial standpoint?
From a strictly
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16 | 163.177,20 € | | 65.270,88 € | | 97.906,32 € | 17 | 169.704,29 € | | 67.881,72 € | | 101.822,58 € | 18 | 176.492,46 € | | 70.596,99 € | | 105.895,48 € | 19 | 183.552,16 € | | 73.420,86 € | | 110.131,30 € | 20 | 190.894,25 € | | 76.357,70 € | | 114.536,55 € | 21 | 198.530,02 € | | 79.412,01 € | | 119.118,01 € | 22 | 206.471,22 € | | 82.588,49 € | | 123.882,73 € | 23 | 214.730,07 € | | 85.892,03 € | | 128.838,04 € | 24 | 223.319,27 € | | 89.327,71 € | | 133.991,56 € | 25 | 232.252,04 € | | 92.900,82 € | | 139.351,22 € | 26 | 241.542,12 € | | 96.616,85 € | | 144.925,27 € | 27 | 251.203,81 € | | 100.481,52 € | | 150.722,28 € | 28 | 261.251,96 € | | 104.500,78 € | | 156.751,18 € | 29 | 271.702,04 € | | 108.680,82 € | | 163.021,22 € | 30 | 282.570,12 € | | 113.028,05 € | | 169.542,07 € | 31 | 293.872,93 € | | 117.549,17 € | | 176.323,76 € | 32 | 305.627,84 € | | 122.251,14 € | | 183.376,71 € | 33 | 317.852,96 € | | 127.141,18 € | | 190.711,77 € | 34 | 330.567,07 € | | 132.226,83 € | | 198.340,24 € | 35 | 343.789,76 € | | 137.515,90 € | | 206.273,85 € | 36 | 357.541,35 € |
There’s obviously no time for them to get a job like a normal student would be able to. And not to mention it’s harder for these
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Age will be an important factor affecting his decision of getting an MBA course in multiple ways. After graduated six years ago, time has been taken off from education and invested into his career. Keeping on risingwith age and six years break from education, it will not only be more difficultto concentrate and remain good attitude towards studies, but also keep family and work responsibilities. Moreover, he would have only approximately 38 to 39 more years for work if he decides to take the program.Thisdoes not accord with his initial plan to work for 40 more years.
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Ben's age will affect his decision to get an MBA in the sense that the earlier he gets an MBA the better off he will be. Being currently 28 years old, and he has been working for six years already MBA normally
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