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Income from present job for the period of study

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Mr. Shashika is planning to pursue IT studies. Initial inquiry shows that he will have to pay LKR 20,000 as tuition fee, buy books for LKR 2,000, pay for transport LKR 500. The IT study programme will extend over 18 months. Mr Shashika is working now with a salary of LKR 2,500 per month. Being a full time student, he will have to forego the income from his present job for the period of study.

Work out the (a) Financial cost, and (b) the Economic Cost of doing MBA

Reference no: EM132404666

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