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TEACHERS, this SHOULD NOT define you!!

Is anyone joining kgs in dec or jan?
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How hard is Haas to get into?
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Very few circumstances would warrant such a large loan in my opinion. That’s a mortgage for a decent sized family home. The interest and monthly loans should by themselves cause serious pause.
Back of the envelope: (low end)
$250K loan, ten year pay back at 7.9% interest rate (benchmarked to grad plus loan) is about $3000/month.
$3000/month + $2500/month for a decent apartment in a HCOL area + $200/month for utilities + other non-food related costs (transport etc) = $6000/month taken out for your account.
MBB post MBA monthly salary less taxes: ~$10500 (ignore bonus)
That’s $4500 left over. $250-400 for entertainment in a HCOL, and let’s say $500 to food per month (two nice dinners a month and groceries). Take out some money for your 401K and that’s like $2K a month left. Remember, decent majority of MBB’s leave after 2-3 years. What about job volatility? What if you decide you don’t like and the market sucks?
Just go to a less expensive program. Once you leave the MBA no one cares where you went.
This is generous. I don’t have any student loans and I live in HCOL and my bills are $5k so he’ll be at $8k if he lives the lifestyle he so deserves
I went to community College, state school, t2 consulting post mba level, corp strat 300k total debt free.
Mba is not worth it.
Youre welcome.
I had a mentor who went to Stanford undergrad, MIT for mba and said dont do it. You can spend that time working and end up at the same place as the mba grad.
Ive actually been an interviewer for mba grads and was shocked how poorly prepared they were.
It truly is just a tattoo you put on your arm that says youre premium.
Id also be worried about sitting on the sidelines right now. If the labor needed for some of these professional services gigs actually does shrink in five years and youre on the sidelines for half of that time, youre at a huge disadvantage.
Meanwhile the rest of us are continuing to embed ourselves.
Id be worried about getting out of mba with that much debt and by then the landscape shifted to the point that youre not needed.
TIME VALUE OF MONEY BB
RUN A MODEL
MBB is not guaranteed. I would not pay sticker for Kellogg or any school.
Wouldn’t take that much for kellogs tbh. Even HBS I’ll think hard about it
You can get MBB experienced hiring without slogging through an MBA.
If you want to travel and chill, do MBA. Otherwise your goal is achievable without one.
Well. Financial analysis + personal choices. There is no easy way to calculate roi in this case besides being cartesian and analysing financially
Do the math and live with the outcome outside of ROI
Maybe for a higher tier (HBS, Booth, Wharton, Columbia), but probably not Kellogg