Cost benefit analysis of getting your masters degree

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Reference no: EM131290335

What is the cost benefit analysis of getting your masters degree? Include the opportunity cost of pursuing the degree as well as the accounting costs like books, tuition, transportation etc. Also need to discount the future value of expected raises, promotions etc. Using data below;

 

 

Pay

 

Do Nothing

 

 

(benefit)

(cost)

(benefit)

(cost)

Current Salary

 

$50,000

 

$40,000

 

 

 

 

 

 

 

Potential Salary

 

$25,000

 

$10,000

 

 

 

 

 

 

 

Tuition

 

 

$19,800

 

N/A

 

 

 

 

 

 

Books/Admin

 

 

$2,200

 

N/A

 

 

 

 

 

 

Gas/Tolls

 

 

$2,000

 

N/A

 

 

 

 

 

 

Fast Food

 

 

$1,000

 

N/A

 

 

 

 

 

 

Total Benefit

 

$40,000

 

$50,000


 

Reference no: EM131290335

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