Tuesday, February 7, 2012

Current Economics Issues: The Return on Education and the Cost of your Commute

The Value of Today's MBA

In January, 2003, when Mark J. Robertson started his MBA at MSU he had a substantial amount of savings, rental income, investments and retirement plans, all of which had a successful return. However, three years later at the end of his MBA in 2006, Mark J. was had already depleted all his savings, lost his rental income, and had in fact the path to gradual investment liquidation, all of which was finished by the 2008 global economy crisis.

While some MBA programs are extensive or more comprehensive than others, the outcome is about the same. Either they took long to accomplish and become a burden to career development, or they are just average covering essential topics in depth.

The cost of attaining an MBA degree today ranges from $55,000 to $180,000 depending on the school. The greatest concern is also that an MBA could drive a different perception on professional skills, such as, removing the technical skills from an expert, and driving them into some sort of entry-level management in spite of their technical managerial experience, or possibly an underrated or less qualified financial analyst and so on.


The Cost of Commuting into the Cities
Today, commuting from New Jersey into Manhattan and other boroughs in New York City is roughly about $35 for the average per diem suburb commute, and about $30 when the commuter has a pass. However, if you drive into the city, you should be spending roughtly $50, not including city parking, from the average New Jersey point.

The fact is that many students and workers of all nature are already affected by the inflated costs of commuting into New York, which is also somewhat reflected in other states. The current toll rate into New York City from New Jersey is contronting a great legal battle.

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