The High Cost Of An M.B.A. Without Full Scholarships For Six Years

http://mobile.reuters.com/article/topNews/idUSKBN0N52FI20150414?irpc=932

I feel it's best to also consider the cost of acquiring an M.B.A. It could cost them $100,000/six years, U.S.D. or more. The realities of being a corporate executive, for some of them, includes a full-time nanny, and housekeeper, for their children, as single, working mothers.

If they make $300,000 their first year, half of that goes towards living expenses, including their one mortgage, live-in, full-time, professional, household assistance. The other half may go towards aggresively paying off all of their debts, student loans, and allocating 1/4 of their salaries towards their retirement savings accounts, and a health savings account. Truthfully, many of them are working 80 hours per week, at their offices, or at their second location, a home office.

They're responsible for securing their home office with both physical and electronic security systems, at their own costs. They may receive a bonus of $50,000/year, their first year. That would probably go towards paying down their mortgage, all their state, federal taxes and student loans.

They are not as wealthy as the corner pimps in NYC. The former category makes an honest living. The latter one, the pimps/assassins/hitmen/hitwomen of NYC, get released after being radicalized/"promoted" in state, federal prison systems.

Live-in, full-time nanny, and a full-time housekeeper:

-Subtract $50,000/year for both of their salaries, clothing, household, food and transportation costs

-Subtract $100,000 for student loans, living expenses, transportation debts towards their M.B.A.

-Subtract $350,000 towards paying off their one mortgage, with two extra bedrooms for their live-in, full-time nanny and full-time housekeeper

-Subtract the cost of two minivans/SUVs/station wagons for the household: $40,000

-Subtract the cost of private school tuitions, fees, uniforms for two possible children: $40,000/year