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Want to get an MBA but don't want any loans
Just got the offer to join Deloitte at 185K base in MCOL, in their pharma strategy team. Currently at PwC with 3 YOE post MBA.
I couldn’t make manager at PwC in 3 years, hence the switch.
Questions:
Is the offer $$ reasonable?
If I negotiate how much upside do I have or what do I ask for?
What raises am I to expect as I progress to M2/M3
Is it fair to assume 90%+ likelihood as an average performer I can get to SM in 3 years from M at D. Or does it take longer?
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The servicing and lending is actually by an FDIC-regulated bank - what you're buying is effectively a piece of the note they wrote. So you have credit risk, but lending to someone with a 700+ FICO carries about a three percent annual risk of substantial default.
@PwC 3: Default risk is when a company can potentially not meet its financial obligations but in VRX's case I believe it has to do with the fact that they didn't file updated financial statements which breaches their lending contract.
If you're going to go full time for the MBA, I'd keep 2 years of living expenses (for me that's the full 40K) in my savings account so I can spend from that instead of taking out additional loans for living.
Boring index ETFs. I'm a big fan of ticker VTI.
Alcohol.
CD ? lol what are you 90 pwc4. What are the yields these days? .05% - I say follow ACN1s advice about living expense or just keep it in mutual funds
ETFs. Mothafuckin index funds.
Betterment
How do you save 40K? Serious question. Where do you live?
Plastics.
@consultant 2, live frugally in NYC, save 1-1.2K a month
Can't go wrong with Enron, World com, or pets.com. BUY BUY BUY
Stick to high yield investments that will pay fo the interest on your student loans. Especially while the market is so high risk.
Look up the ticker BOPAX
College 529 plans could work if you want the tax savings, and if you don't spend it all it can be passed onto a child.
As others have said I would go with ETFs, since your investment horizon is so long you might want to consider riskier ones, such as leveraged ETFs (SSO for example, but there are many out there)
@D2 having good luck with Lending Club - getting about 8.5% interest
Their prospectus gets into a lot of nitty gritty on the performance of the various tranches. I would be very skeptical about their grades D and below.
Same boat. I don't know much about stocks so just letting it stay for now.
VRX, catch that falling knife
A CD with a maturity that ends when your school starts
Dividends.