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Should I get an mba if I have a Maac already?
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Break even for $2. Well worth the pour!
McKinsey & Company Bain & Company Hiiii! I’ve been at my job for a year and a couple of months now & I’ve gotten rather bored because the work is repetitive, not challenging, and hasn’t really allowed me to learn or grow as much as I would’ve liked to. Given how I’m still paying a ton of money for my postgrad in Business Comms (that I haven’t really gotten the chance to use), I’ve been thinking of entering the world of consulting. Any word of advice? PwC McKinsey & Company Bain & Company Boston Consulting Group KPMG
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Always pay off debt first.
That’s not true. If your interest rate is 5%, paying off debt essentially returns 5% over the life of the loan. That’s not too shabby and probably makes sense here but I’d at least maximize your 401k match (it’s free money) and put a little into savings (a few months rent in case things go south). Outside investments can wait until your loans are paid down.
Source: I am a former financial planner
Pay off your loans before saving for retirement
Eh if you get a solid match, you should save up until that but no more.
Have an emergency fund of a couple grand. then once you have that, dump money into student loan debt.
You need to plan a budget and pay that off.
If the tier 2 city has high taxes, consider moving to another state if it makes sense.
I job hopped yearly from 22-27. If you can hop to another company to get more money, you should consider that.
But yeah, this affects your credit score if you ever plan on buying a house. You can get away from letting this linger for years, but no telling what could happen.
If your technical or work in tech, I don’t see a need to get an MBA.
Yeah OP, if you’re all in, you may as well just be patient. I moved to 3 different states. Was fun, but I had 30k loans and help my elderly parent financially. Sounds like you’re in a different place so sounds like you could afford to wait.
In a few years and am hesitant about having even more debt (will try for scholarships but that isn’t guaranteed). OTOH, comp will likely increase over the next few years as I am a high performer and plan on sticking around
Even if a company covers MBA there will be other related costs. I am just suggesting this because I don't think it would be wise at your current financial state to take on more debt.
I’m not at MBB or even T2 tho, so comp may not increase as much as you probably think
401k up to March (6% hypothetical match + a conservative 5% ROI in the market) -> rainy day finds -> budget daily life -> all else to loans