Career decisions, as well as all other types of decisions always have an opportunity cost. The cost of pursuing one option involves not only the straightforward costs, but also the costs that might be lost by forgoing other available options. Individuals who desire to excel in business often pursue a Masters of Business Administration Degree (MBA). In the United States there are hundreds of universities offering MBA programs. Adult students often face the dilemma of deciding to put their career on hold and pursue an MBA full-time, or to attempt to juggle career responsibilities and graduate studies simultaneously. All MBA degrees are not the same; there are differences in the quality and the reputation of the many universities. Some programs allow for more networking and provide excellent contacts for career advancement. Other programs market themselves for student convenience. This paper compares and contrasts the opportunity costs involved in taking a leave of absence from work and pursing an MBA full-time or maintaining a full-time position while attending graduate school in a local MBA program.

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