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Determine the financial cost and economic cost of doing mba

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Question - Mr Karim is planning a pursue MBA studies. Initial inquiry shows that he will have to pay RM 24,000 as tuition fee, buy books for RM 1000, and pay for transport RM 1000. The MBA study programme will extend over 18 months. Mr Karim is working now with a salary of RM 3,000 per month. Being a full time student, he will have to forego the income from his present job for the period of study.

Required - Determine the financial cost and economic cost of doing MBA?

Reference no: EM133146967

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