In this discussion forum, you will determine the rate of return of your MBA degree.
Initial Response:
For this discussion forum,
- The first step is to calculate the cost of your MBA. If your employer sponsors the cost of your education, you can either use what you would have paid or use opportunity costs as a basis.
- After you determine your initial investment, determine the net present value (NPV) of that investment. As an example, let us say “Joe” will be changing jobs when he achieves his MBA and will make 10% more annually as a result. Joe plans to work for 20 more years. His MBA cost was $50,000. Do you forecast that pursuing an MBA is worth the financial investment? Be sure to show all your calculations.
Your initial response should be a minimum of 200 words. Support your response with at least one scholarly and/or credible resource in addition to the text.