I Pursue The MBA Degree Analysis

Like many post-secondary students close to graduating in the next few semesters, I now face the decision on how to best utilize the MBA degree that I have worked diligently to attain. Unlike most students, I returned to school to change fields, having spent 20+ years in the social service sector; I now pursue career opportunities existing for those with degrees in business administration. I could have chosen health administration or public administration where I could utilize the knowledge I gained from my former career; however, having dealt with the whims of state and federal legislatures, I find myself a point in my life that I would prefer to work in the private section rather than the public sector. The specialization I opted for being in Management Information Systems. The problem that I now face is-given my knowledge base and aptitude for computer hardware and software, which career area can I best utilize …show more content…
The future The potential future benefit from completing my degree and finding employment in information architecture based on an annual salary of $100,000 per year over the next 10 years, taking into account paying off my student loans, and starting as an entry level e-commerce specialist starting at $77,000 and working my way up to an average of $115,000 per year. (My Footpath, 2013). The theory of expected utility takes into account there being three types of individuals-risk neutral, risk adverse, and risk taker. The Prospect Theory places a higher premium on risk adverse behavior because remaining in the status quo is a less risky proposition in the short term and causes potential less psychological impairment of the individual. Figure 1 show the expected utility based on the expected