Winnie is 23-years old and just graduated from a local university with a first-class honours. She is considering to accept an offer from a local university for a Master of Business Administration (MBA) program. Her only reason to study further is the opportunity of earning a higher life-long income from work. Searching from the average salary survey of Hong Kong, Winnie found that an MBA graduate earns $122,000 more than a bachelors degree holder annually. No matter she studies the Master program or not, Winnie expects to retire after 10 years as she plans to have an early retirement after marriage.

It takes her two years to complete the MBA program in full time mode and the total tuition fee of the program is $560,000. The estimated cost of books and other study aids is $25,500 per year. At the same time, Winnie receives two full-time job offers with comparable job experience and prospects of which the monthly income is $15,000 and $16,000 respectively