Cost-benefit analysis of MBA versus MA in economics in the University of the Philippines
Date
1995-03
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Abstract
The cost-benefit analysis of obtaining a degree in Masters in Business Administration versus Master of Arts in Economics is one method of assessing the quantitative and qualitative returns of investing in higher education. This can be accomplished through the application of the net present value, internal rate of return and comparative analysis of the psychic benefits. In so doing, the substantial differences between the two programs will be ascertained and at the same time, there will be an evaluation as to what masters degree is more favorable. Further analysis will also be conducted regarding the advantages of being a graduate degree holder relative to undergraduate students in terms of job opportunities and career advancement. This study recommends that a Master of Arts in Business Administration program is more financially regarding relative to the Master of Arts in Economics.
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Keywords
MA, Economics, MBA