How much is an MBA worth over the course of your career?
The myStrategy box at the end of Chapter 2 asked how much you would be willing to pay for the job you want—for a job that reflects your values. Here, we look at a different issue relating to worth: How much is an MBA worth over the course of your career? Alongside the traditional two-year full-time MBA program, many business schools also offer evening MBAs, online MBAs, and executive MBAs. Let’s assume you know you want to pursue an advanced degree, and you need to decide which program format is better for you (or you want to evaluate the choice you already made). You’ve narrowed your options to either (1) a two-year full-time MBA program, or (2) an executive MBA program at the same institution that is 18 months long with classes every other weekend. Let’s also assume the price for tuition, books, and fees is $50,000 for the full-time program and $120,000 for the executive MBA program. Which MBA program should you choose? Consider in your analysis the value, price, and cost concepts discussed in this chapter. Pay special attention to opportunity costs attached to different MBA program options.
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The textbook should be a source listed in your reference section and cited within the body of the text. Post should be at least 650+ words and in APA format (including Times New Roman with font size 12 and double spaced). I request you to focus on answering the questions.
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