If you don't have the bank of mom and dad backing you, how do you plan to live a normal life while doing a 2-year full-time MBA? With rent, car payments, networking, and trips, the costs are going to pile up quickly. If you think you'll be relying on loans to get by, how much do you think you'll end up borrowing?

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Car isn’t necessary for all MBAs. I’m a second year with no parent support. I went into IB. Here is how I financed it:

Cash savings coming in: $175k
Student loans: $40k
+
Pre-tax income:
FT Offer signing bonus: $70k
IB internship: $35k
Internship Signing Bonus: $15k

$175k in cash savings? I feel so behind 🫠

Most people who don’t have family money or didn’t have significant savings pre MBA are doing loans. A very tiny percentage are working part time on top of MBA.

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