Changing business environment demands for higher qualification especially in finance and in business. Every business entity is having separate finance department which handles all the financial transactions and requirements of the company. This clearly discloses about the great opportunity available in the finance industry and motivates for higher studies in finance and in business administration. Finance is my field of interest and I wanted to pursue my career in this sector. In order to achieve my goal I will pursue MBA specializing in Finance, which is most popular among other degrees in this segment. Thus, MBA will be the chosen profession degree. Cost analysis of MBA degree: Cost of MBA degree differs from one institute to other and also with specialization that is the subject chosen by the candidate. Students are also eligible to get scholarship, which reduces the cost of degree. In this analysis one has to consider the foregone income because of regular college and not going for job. Important costs to be considered are the tuition fees, admission fees, and the scholarship benefits along with the opportunity costs which are annual salary and bonus. Below table provides for information about the cost of MBA and the income foregone: Costs of MBA Amount in $ Incomes sacrificed Amount in $ Semester Tuition Fee 20,000 Monthly Salary 4000 Total Tuition Fee 80000 (20000*4) Total Salary 96000(4000*12*2) Admission Fee 30000 Annual Bonus 15000 Total Tuition and Admission Fee 110000 Total Bonus 30000 Less Scholarship 30000 Total Opportunity Cost 126000 Net Cost Paid 80000 Total Cost of an MBA Degree 206000 There are chances were the cost of MBA degree can be lesser than the estimated costs. Additional scholarship, grants will red... ... middle of paper ... ...82b_the-roi-of-an-mba.html Http://www.freeby50.com/ (2010, October 29). Cost Benefit Analysis of M.B.A. Degrees | Free By 50. Retrieved February 2, 2014, from http://www.freeby50.com/2010/10/cost-benefit-analysis-of-mba-degrees.html Http://www.payscale.com/ (2014, February 1). Master of Business Administration - MBA Degree Salaries | PayScale. Retrieved February 2, 2014, from http://www.payscale.com/research/US/Degree=Master_of_Business_Administration_%28MBA%29/Salary MBAGirlJourney (2013, August 26). The Real Cost Of An MBA: $345K So Is It Really Worth It? | Poets and Quants. Retrieved February 2, 2014, from http://poetsandquants.com/2013/08/26/the-real-cost-of-an-mba-345k-so-is-it-really-worth-it/ Yeaple, R. (2012, May 30). Is the MBA Obsolete? - Forbes. Retrieved February 2, 2014, from http://www.forbes.com/sites/ronaldyeaple/2012/05/30/is-the-mba-obsolete/1/
Guide to Online Schools. "A Breakdown of College Education Costs." Guide to Online Schools. N.p., n.d. Web. 7 Dec. 2013. .
There are ways to try to minimize the cost, but only to a certain extent. A student can receive both merit and local scholars that
the training, the programs and all kinds of other expenses of the university. If you
Burke, Darla. "Alcoholism." : Causes, Risk Factors & Symptoms. George Krucik, MD, n.d. Web. 9 Apr. 2014.
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The international students are expected to pay the full tuition fee, whereas the domestic students are eligible for heavy government subsidies and that is one of the reasons why there is a huge difference between the fee amounts. Many students take up part time jobs to make ends meet, but it is imperative to note that job opportunities are very limited and even those jobs that are available do not give a substantial income. Therefore, they must rely on their own money and be prepared for the expenses.
Texas Guaranteed Student Loan Corporation (2014). Learn About the Cost of College. Retrieved February 18, 2014, from http://www.aie.org/paying-for-college/cost-of-attendance/learn-about-the-cost-of-college.cfm
4. Tuition costs of colleges and universities. (2012). National center for education statistics. Retrieved from:
Playdon, Jane. "Benefits of Higher Education: Graduate Salaries and More." Top Universities.N.p.,n.d. Web. 07 Jan. 2014.
Online MBA. Online Guide to Women in the Workforce: Past and Present. n.d. 15 November 2013 .
Msc Finance of the Imperial College Business School is a good course to skyrocket my career in the finance industry. It would provide me the best path in achieving my career goal. Unlike any other Msc Fi...
Rothschild, M. & White, L. (1995). “The Analytics of the Pricing in Higher Education and
After almost three years at Bernstein, I am once again seeking career advancement. My education and work experience have provided me with an excellent introduction to business, and they have sparked my interest in finance. Taking into consideration my foundation and my interests, graduate business school is the next logical step. At this point in my life, I consider a Wharton MBA to be necessary since I need to gain a broader understanding of finance and to sharpen my analytical skills in order to be successful in corporate finance. Wharton's MBA program will allow me to concentrate in finance, strengthen my global business perspective, and provide me with the opportunity to study with and learn from people with varied backgrounds. The school's location in the financial capital of the world and in one of the most diverse cities in the world also suits me perfectly.
This career peaks my interest since in this role I will have the opportunity to construct my future and I will never stop learning. The constant innovation in finance is commonplace and it creates a work-day that is fast paced and so with this career, I see a promising future. This career interests me also because I will have the chance to practice what I have learned in school and the career places a premium on consistent results, rigorous analytical ideas or thoughts,
Among all the programs available, I firmly believe that the Master in Finance program at Princeton University will be the ideal preparation for my career because of its strong emphasis on quantitative techniques with practical business problem solving. The core courses offered by the program will help me build concrete foundation in financial theories and computational methods; the elective courses, such as Forecasting and Time Series Analysis, will further enhance my modeling techniques for financial forecasting in a broader application. Besides excellent teaching fellows at Princeton University, the close personal attention from academic and career advisors will be invaluable to my professional growth. Furthermore, the small cla...