Assume that you are about to graduate from your university

Reference no: EM13605464

Assume that you are about to graduate from your university and are deciding whether to apply for graduate school or enter the job market. To help make the decision, you have gathered the following data:

cost incurred for the bachelor's degree 163,000
out of pocket cost for the master's degree 92,000
estimated starting salary with a BA 48,400
estimated starting salary with a MA 66,800
estimated time to complete master's 2 years
estimated time from present to retirement 40 years

What is the opportunity cost associated with earning the master's degree?

Reference no: EM13605464

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