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Closing Case Chapter 4 Bus 650

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Closing case: Chapter 4
Tiffany McFatter
BUS 650
Instructor Stanley Atkinson
January 7, 2013

1. How does Ben’s age affect his decision to get an MBA?
There are several factors that go into deciding to get an MBA. One of these factors for Ben is his age. Since he is currently 28 years old, and estimates that he only has about 40 years left to work, he has to decide if giving up two years of paid work will be worth it in the long run to go back to graduate school to obtain his MBA. If he goes back to school at this age he will be giving up on a 3 percent increase over a two year period. He will also lose money that could go into his retirement fund. Ben has also been out of school for 6 years. Will he be able to return to the school environment and adapt as easily as he did for his undergraduate degree? 2. What other, perhaps nonquantifiable factors, affect Ben’s decision to get an MBA?
There are several nonquantifiable factors that can affect Ben’s decision on furthering his education. First his family status would qualify as one of these factors. Having a family to provide for can hinder a decision to advance in education. If Ben is the bread-winner or sole contributor to his family’s finances then he may not be able to obtain his goal because of the monetary contributions that he would be giving up. Another factor that may have influence is the prestige that Ben would fill if he completed his MBA and held the career position that he has always dreamed about. Prestige of a job and taking pride in something of this nature can have a tremendous effect on a person’s mind and body. His physical location would affect his decision as well. If he is in a place that he wants to stay permanently, Ben would need to assess whether or not his MBA will help him excel in this area. If it will not, he then needs to evaluate relocation prospects. 3. Assuming all

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