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Opportunity Cost Discussion

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Discuss the opportunity cost of getting your MBA. What steps and economic factors must a student make when choosing between getting a degree and taking another route in life? Feel free to include aspects from your own decision to pursue your MBA.

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You're on the right track with your answer to this question. Salary is one of the main motivators in studying further, to achieve an advanced degree. The pay is typically higher when the applicant has an advanced degree, and the positions that can be achieved (including the benefits of those positions) are also typically greater. Of course, this is also based on other factors, like the economy and the specific industry where work is being sought, once a student completes his/her MBA ...

Solution Summary

This solution discusses the opportunity cost related to obtaining an MBA degree, economic factors, and aspects from various decision-making processes.