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

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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

Leave a Reply

Your email address will not be published. Required fields are marked *