Return on investment in graduate management education in the South Pacific
by Jeffery A. Born, James McMaster, Anna Baukje De Jong
International Journal of Management in Education (IJMIE), Vol. 2, No. 3, 2008

Abstract: This paper examines the private and public return on investment in education achieved by alumni of the Masters of Business Administration (MBA) programme of the University of the South Pacific (USP). The salary levels and employment opportunities in the South Pacific lag behind those in developed economies. The cost of an MBA at USP is low in comparison to the average cost of MBAs at other universities but high relative to local income levels in the South Pacific. Nonetheless, we find that the MBA payback is quick for individuals and it would return the cost of a scholarship to the government in three to five years in the form of higher income taxes.

Online publication date: Fri, 18-Jul-2008

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