Problem Recognition, Definition, and Evaluation
Which MBA program should I apply for?
Development of the feasible alternatives
Before I can list the alternatives, I need to list the requirements. The college must be AACSB certified, must be online, and must waive the GMAT requirement.
1. Apply to Syracuse University
2. Apply to Colorado State University
3. Apply at Ashford University
4. Do Nothing
Development of the outcomes and cash flows for each alternative
Syracuse University will cost approximately $64000 not inclusive of the 9 trips I need to make to the school in the duration of the program which will cost at least another $25000 between food, accommodation, and transportation.
Colorado State University costs about $25000.
Ashford University costs about $16000.
Doing nothing cost nothing.
Selection of the criterion
|Alternatives||Drivers – Positive Effect|
|Cost||Credit Hours||Accredited||AACSB||Hours Spent||Public Perception||Potential to generate income||Total|
|1. Syracuse University||87000||54||Yes||Yes||2184||High||High||25|
|2. Colorado State University||25000||36||Yes||Yes||1456||Med||Med||25|
|3. Ashford University||18000||33||Yes||No||1335||Low||Low||17|
|4. Do Nothing||0||0||No||No||0||Low||Low||6|
|Lowest Personal Value||1|
|Medium Personal Value||3|
|High Personal Value||5|
Analysis and comparison of the alternatives
Syracuse University is the most costly and the longest degree to get. In the end it is the highest ranked of the available universities combined with the fact they have the best networking capability and career center. The biggest downside is the time and cost involved with the degree.
Colorado State University offers the best bang for the buck and can be completed faster than Syracuse. The AACSB gives it the higher recognition, but because the university is entirely online it can hamper the ability to increase my professional network.
Ashford University is the school I graduated from. I can get back in easily and it is cheap. However, the quality of the education is disappointing and they offer no career center or assistance with finding a job upon completion of the degree. The networking is non-existent and I found my previous educational experience there to be disappointing.
Doing nothing has a price. Sure it costs me nothing now. Imagine how much more I can be making if I had an MBA compared to an undergraduate degree? Imagine how many opportunities that the doors would be open to if I had the MBA. I can’t afford to not have a MBA.
Selection of the preferred alternative
The alternative is, I apply to Syracuse University and Colorado State. If I get accepted to both, I will go to Syracuse because of the long term potential with Syracuse outweighs the long term potential for Colorado State.
Ashford is my choice if my application gets rejected by both Syracuse and Colorado State.
Performance monitoring and post evaluation results
The point is I can’t afford to not have an MBA. The financial gain and opportunities available are greater with the MBA compared to not having one. As not all programs are created equal, accreditation and networking are major factors in getting an MBA. The point is to get one from an accredited university, but AACSB is the highest accreditation an MBA program can have. If the AACSB accredited programs don’t accept my application, I can always go back to Ashford University and get my MBA there.
Sullivan, W. (2009). Engineering Economy. Upper Saddle River, New Jersey: Pearson.
(2011, April 12). Syracuse University: Distance MBA Profile – Business Week. Retrieved from
(2011, April 12). Colorado State University: Distance MBA Profile – Business Week. Retrieved