Total FreeGood life plan after graduating Waseda MBAIntroductionI have five family members including my mother, my wife, my son, my daughter, and me. When I started my MBA journey at Waseda University, my wife and I dreamed the bright future after the graduation. During the course, I have learned about the important knowledge for both my career and my personal life, such as accounting, financial analysis, profitability analysis, and international business environment. Before the graduation, I tried to calculate the living cost of my family in Singapore since I would like to get a job in Singapore. Based on this estimation, I will estimate my proper salary level not only in order to support my family, but also in order to prepare my retirement. Therefore, I strongly believe that I will have to search a job and negotiate the salary level.
I have always desired a good teaching position, so I had a degree in English and then finished my MBA with Masters in Economics at the University of Tokyo, and had some experience on the sales side. However, before I was hired, my career in industry started for me and I was only accepted without any special consideration. The opportunity of a better education in English was my main problem as I could not even pay attention at all to what I was doing to earn more money and could not even speak English properly, thus making it extremely difficult for me to speak properly. After graduating from Waseda University, I began studying business, and I had to change jobs several times. However, I managed to save at least 10 times and made the transition from Business to International business for a total of 16 years and in each of these I took the exams. Also, I took the necessary and necessary college courses since I was very inexperienced in business as I was a very young individual. My academic qualifications in Business and Financial Analysis and Business Innovation did a great job. After graduating of my MBA, I was able to complete my study for my PhD at the University of Tokyo in the Philippines as well as the second-highest salary to my family- from that point forward it was 10,000 S(approximately USD). This enabled me to earn a salary of US$5 million (approximately US$8 mln US$$4 mln) in the Philippines. Although I had to take more breaks to finish college, I still fulfilled my responsibilities. I was finally able to take a trip away from home to the country of my choice, where I will spend the rest of my life. The following are my final projections of what my salary would be in the Philippines in five years: Salary – $3.14m – $16.17m $4.11m – $19.16m $6.78m – $20.28m $9m – $25.20m $12.44m – $27.41m $3.28m Salary – $4.03m – $6.74m $8.87m $16.78m – $20.18m $5.18m – $24.19m $5.50m – $28.40m $5.50m – $29.09m $6.38m – $31.25m $6.18m – $33.16m $5.46m – $36.03m $4.36m – $39.06m $5.74m – $40.13m Salary of my wife and kids: Salary – $10.90m – $14.29m $7.95m – $22.48m $6.94m – $21.52m $8.97m – $24.17m $11.19m – $28.80m $12.18m – $33.59m $12.18m – $35.29m $13.04m – $36.01m $13.04m – $38.49m Salary of my sons:- Salary – $0.02m – $0.35m – $0.38m – $1.39m $0.38m – $2.43m $
I have always desired a good teaching position, so I had a degree in English and then finished my MBA with Masters in Economics at the University of Tokyo, and had some experience on the sales side. However, before I was hired, my career in industry started for me and I was only accepted without any special consideration. The opportunity of a better education in English was my main problem as I could not even pay attention at all to what I was doing to earn more money and could not even speak English properly, thus making it extremely difficult for me to speak properly. After graduating from Waseda University, I began studying business, and I had to change jobs several times. However, I managed to save at least 10 times and made the transition from Business to International business for a total of 16 years and in each of these I took the exams. Also, I took the necessary and necessary college courses since I was very inexperienced in business as I was a very young individual. My academic qualifications in Business and Financial Analysis and Business Innovation did a great job. After graduating of my MBA, I was able to complete my study for my PhD at the University of Tokyo in the Philippines as well as the second-highest salary to my family- from that point forward it was 10,000 S(approximately USD). This enabled me to earn a salary of US$5 million (approximately US$8 mln US$$4 mln) in the Philippines. Although I had to take more breaks to finish college, I still fulfilled my responsibilities. I was finally able to take a trip away from home to the country of my choice, where I will spend the rest of my life. The following are my final projections of what my salary would be in the Philippines in five years: Salary – $3.14m – $16.17m $4.11m – $19.16m $6.78m – $20.28m $9m – $25.20m $12.44m – $27.41m $3.28m Salary – $4.03m – $6.74m $8.87m $16.78m – $20.18m $5.18m – $24.19m $5.50m – $28.40m $5.50m – $29.09m $6.38m – $31.25m $6.18m – $33.16m $5.46m – $36.03m $4.36m – $39.06m $5.74m – $40.13m Salary of my wife and kids: Salary – $10.90m – $14.29m $7.95m – $22.48m $6.94m – $21.52m $8.97m – $24.17m $11.19m – $28.80m $12.18m – $33.59m $12.18m – $35.29m $13.04m – $36.01m $13.04m – $38.49m Salary of my sons:- Salary – $0.02m – $0.35m – $0.38m – $1.39m $0.38m – $2.43m $
The calculation of the profitable salary level in SingaporeOn day, I tried to discuss about the current financial situation of my family with my wife after the class, because this information is helpful to increase the accuracy of the projection of my future salary.
Me: Honey, Do you explain our living cost in terms of annual and monthly? Actually, as you all know, you and I want to stay here after my graduation. Well, I need to start my job searching and this is very useful in calculating my expected salary level.
Wife: Hmm, Are you crazy? It is so hard to say that in a short time because I need to review our financial situation in Korea, also. Ok, I just speak about the elements and you calculate those, OK?
Me: Sure, Sir!Wife: Let me see! I would like to live in a beautiful condo. So, current rental fee is monthly about S$3,500. Also, we usually spend S$600 per month on the primary school tuition fee of our lovely kids. Well, I pay monthly S$150 for TV, Internet, and telephone. OK, utility fees including gas, electricity, and water is about S$500 per month, but it is variable. Also, we spend almost S$2,000 excepting the previous described elements. What else?
Me: Wait a minute? Why don’t you consider the payment for our loan and insurance in Korea?Wife: OK, We have to pay monthly S$1,000 for our 20 years loan and S$300 for our insurance.Me: This is our living cost. So huge!Wife: What? This is your decision. Wait, where is your tuition fee during MBA?Me: Honey, it is a sunk cost. It is not related to our future living. Please forget it!Wife: Do not use MBA term any more in front of me! So, what’s our next step?Me: Sorry, we need to do sensitivity analysis in order to identify what