It’s incredible to see families in developing countries work so hard to send their kids to international schools, even with mounting MBA cost they prefer to spend extra money and get a correct English modern management degree. American youth are finding it increasingly difficult to gather the necessary funds required to cover an MBA degree cost, especially with an unemployment rate in the neighborhood of 25 % caused by the financial crash in 2008.
How can these families in developing countries afford such high tuition fee and other MBA cost and yet many American families are struggling to send their kids to colleges, while some developing world economies are very good after converting the cost to foreign money, it would relate to the purchase of a new house.
In proportion the developing world families are not necessarily richer than Americans, but they do work much harder to afford the cost of good education. Most of them own a chop and work 12 to 14 hours a day seven days a week, or have more than one job and work even longer, this hard work in hope that the next generation will have a better life with a good education in their portfolio.
This is far from what we would call the American dream, with parents in America looking to cut their hours to spend more time with the kids. It could be argued that a work-family schedule could be better for the children in relation to having a family work full time to send their children to a good school.
Far from a psychologist would I be, but my gut feeling tells me that spending quality time with my kids could lead to a more stable life for them in the future. I would say that having both of two worlds would be the ideal scenario to look for a family. While this may seem has a story only possible in the free world, cutting back on small luxuries in chorus with the reduction of work hours is very feasible in this day and age for many countries around the world.
What are the fundamentals of MBA cost?
While MBA cost can range from tuition fees to insurance and lodging, we saw that there is also a cost associated to the family relationship. This may not be the case for many families in America, especially the ones in the top 1%, but it is the case for the poorer Americans and many other families’ around the world.
It is my opinion that working inconceivable hours to better the education of our kids is a missed opportunity for the family as a whole. Stability and love of a child is something that cannot be taught in school and can lead to a profound gap in personal qualities like leadership and self-confidence if not acquired at an early age.
We can see that the price tag to great education like MBA cost is not only restricted to a monetary view, but could also imply a far greater cost to the family dynamics.