Opportunity Cost Comparison

When making decisions in personal and professional lives, one must identify and compare opportunity costs. When comparing options, it is important to analyze every cost and other opportunities that one must give up. Choosing between taking an absence from work, moving out of town and pursuing a MBA degree full time or maintaining one's current job while enrolled in a local MBA program has many opportunity costs for each. Focusing first on taking an absence …

…constraints are similar, the second option of maintaining the full-time job and attending a local university seems like a more logical choice for myself. Either way, one has to pay for the gas to attend school, application fees, take the time to study and meet with groups, and pay for some of the education costs. Depending on the person and the lifestyle they lead and values they desire, these options both have a positive outcome.