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Project Overview

Project Overview. Personal Investment Options Benefit Analysis of Obtaining a PhD EGR 403 Team 5 Jon Estanislao, Fady Mina Muhammad Rahman,Oscar Villa. Team Members & Roles. Scenario. Full time Engineer with Masters Degree Current Age: 30 Current Salary: $75,000. WORK FULL TIME

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Project Overview

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  1. Project Overview Personal Investment Options Benefit Analysis of Obtaining a PhD EGR 403 Team 5 Jon Estanislao, Fady Mina Muhammad Rahman,Oscar Villa

  2. Team Members & Roles

  3. Scenario • Full time Engineer with Masters Degree • Current Age: 30 • Current Salary: $75,000

  4. WORK FULL TIME Retire at age 65 -Assume 5% salary inc/year Qualifies for 401(k) OBTAIN PhD PhD: 4 years to obtain - Stipend of 35,000 during that time - Not eligible for 5% inc After PhD salary increases -8% salary inc/year Leave company at 50 and work for a University until retirement at 70. -Assume starting Salary of $85,000 with 3% inc/year Decision: Work full time until Retirement or Obtain PhD and retire as a Professor?

  5. Project Goal • To determine which career path is most economically beneficial to the individual in question. • To obtain a better understanding of the financial analysis techniques learned in class by applying them to real life situations.

  6. Resources • Internet Resources - www.howstuffworks.com - www.swz.salary.com • Literary Resources -Essentials of Engineering Economy Analysis • Additional Resources -Dr. Rosenkrantz

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