Does it make economic sense to quit your job to do an mba

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You are 30 today and considering studying for an MBA. You're current salary is $50,000 per year and you expect it to grow 3% per year. With an MBA, you believe your starting salary will be $60,000 and will grow by 4% per year. The MBA program is a full-time two year program with tuition and fees of $20,000 per yera. Your personal discount rate is 8%. Does it make economic sense to quit your job to do an MBA?

Reference no: EM13294503

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