The Mba Decision
1. How does Ben’s age affect his decision to get an MBA?
This document is the property of Management Development Institute, Gurgaon.
Ben passed out from college six years ago with a finance undergraduate degree. He is 28 years of age and his goal I to become an investment banker. Ben’s age can affect his decision to get an MBA due to the following reasons: o His age determines the time period wherein he can be productively employed. The time window available to Ben keeps on reducing with age. o Ben is away from formal mode of study for past six years. Being away from study for many years could cause significant difficulty in adapting to the daunting requirements of a typical MBA program. o The higher earning potential after the MBA program could be exploited more productively and for a longer span of time if Ben completes the MBA program at an early age. o The willingness to confront the academic rigors and challenges, in general, reduces with age. o Given the six years of experience and sufficient financial strength to undergo the program, the time may just be appropriate for Ben to undergo an MBA program for fulfillment of his goal of becoming an investment banker.
2. What other, perhaps nonquantifiable factors affect Ben’s decision to get an MBA? • The quest for learning: The decision of Ben apart from other quantifiable factors would also be subject to the intensity with which he desires to undergo an MBA program. • Familial obligations: The decision would also be affected by the fact that whether Ben is married and has any children; such a situation would be a strong deterrent towards his decision to undergo a full time program. • • • The economic and job environment (i.e. recession, layoff etc) in the country. The geographical location of the college and connectivity from his hometown. Ability to undergo and enjoy the challenges and academic rigor of a typical MBA program.
772272772222772
DOCUMENT NUMBER Minicase/NMP26-07/CFEV/01 DATE 16th July
This document is the property of Management Development Institute, Gurgaon.
Ben passed out from college six years ago with a finance undergraduate degree. He is 28 years of age and his goal I to become an investment banker. Ben’s age can affect his decision to get an MBA due to the following reasons: o His age determines the time period wherein he can be productively employed. The time window available to Ben keeps on reducing with age. o Ben is away from formal mode of study for past six years. Being away from study for many years could cause significant difficulty in adapting to the daunting requirements of a typical MBA program. o The higher earning potential after the MBA program could be exploited more productively and for a longer span of time if Ben completes the MBA program at an early age. o The willingness to confront the academic rigors and challenges, in general, reduces with age. o Given the six years of experience and sufficient financial strength to undergo the program, the time may just be appropriate for Ben to undergo an MBA program for fulfillment of his goal of becoming an investment banker.
2. What other, perhaps nonquantifiable factors affect Ben’s decision to get an MBA? • The quest for learning: The decision of Ben apart from other quantifiable factors would also be subject to the intensity with which he desires to undergo an MBA program. • Familial obligations: The decision would also be affected by the fact that whether Ben is married and has any children; such a situation would be a strong deterrent towards his decision to undergo a full time program. • • • The economic and job environment (i.e. recession, layoff etc) in the country. The geographical location of the college and connectivity from his hometown. Ability to undergo and enjoy the challenges and academic rigor of a typical MBA program.
772272772222772
DOCUMENT NUMBER Minicase/NMP26-07/CFEV/01 DATE 16th July