" The MBA decision"

The MBA Decision Student’s Name Institution Course Number and Name Instructor’s Name Date The MBA Decision 1) How does Ben’s age affect his decision to get an MBA? Ben’s age is an important consideration in his decision to pursue an MBA because it determines the total amount of salary he would receive before retiring. At the age of 28, he expects to work for 40 more years. In this case, if he decides to pursue an MBA now, it would mean earning a higher salary as an MBA graduate. If he decides to join Wilton University, after two years, he would earn $110,000 with a 4% annual increase for 38 years. If Ben were, say, aged 50 years, the number of years remaining before retirement would have been way less. This means that at 50 years of age, he may not consider getting an MBA because continuing to work at East Coast Yachts (ECY) would be a financially sound decision. In this case, pursuing an MBA now at the age of 28 may make a sound financial decision given the expected salary earnings. With each year that passes without an MBA, his potential to earn higher salaries decreases. 2) What other, perhaps nonquantifiable, factors affect Ben's decision to get an MBA? * An important nonquantifiable factor mentioned in the case is Ben’s goal of becoming an investment banker (Ross et al., 2023). In this case, such a goal can be intrinsic in the sense that, regardless of the costs involved, becoming an investment banker would give him huge satisfaction. Even if continuing to work at ECY may make financial sense, if getting that MBA and becoming an investment banker is a goal he cherishes deeply, he may pursue it regardless of the financial implications. * Another nonquatifiable factor is the presence of dependents. If Ben has a family or parents who depend on him financially, pursuing an MBA at the moment may be out of the question. This is because the programs do not allow students to work while enrolled. As such, for one year (Mount Perry College) or two years (Wilton University), Ben will not be earning any salaries to support his dependents. * Another factor to consider is the fact that he has been out of studying for six years. Six years is a lot of time to be away from books, and therefore, it may prevent him from pursuing an MBA. It is important to mention that he is satisfied with his job. Given that he would need to be away from the job and without salary, the complexity of an MBA program may make him decide it is more comfortable to continue working at ECY. In essence, before deciding to pu...