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Post-MBA Job Start Date

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Joined: 12 Mar 2012
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Concentration: Healthcare
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Post-MBA Job Start Date [#permalink] New post 28 Jan 2014, 18:52
I've noticed that post-MBA job start dates can vary quite a bit. I'm planning on how much I should take out in loans versus pay up front and realized this might be a consideration in that decision making process.

Start date examples after graduating MBA in May:
-Begin job in F500 in June
-Begin job in Consulting in October
-Begin job in Consulting in February

These examples were all in the past year or two and the later starts (October/February) were not due to economic reasons and seemed like normal start times for companies that hire a lot of MBAs. Granted this is just a handful of examples, but is there a rough guideline on when post-MBA jobs typically start? If so, maybe it's an industry thing? If there's up to almost 1 year post-MBA that I'll be without a job then I'll likely take more in loans to keep some of my savings to make it through. Don't want to rely on a signing bonus entirely to bridge the gap.

Appreciate any insight you all may have!
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Re: Post-MBA Job Start Date [#permalink] New post 29 Jan 2014, 10:36
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I am not sure it is easy/possible to answer your question, so I will provide a slightly different perspective:

If you are a part of the top 20 school graduates, 90% will have a job within 3 months of graduation (August).... which is great. However, most of the reasons 90% will have jobs is because of the financial pressure and a need to have something. Then within the next 12 months, over half of these 90% will change jobs because the jobs they jumped into were not the right/best jobs for them. However, most people choose to have ANY job right away and then keep on looking for the ideal thing (or so they think).

I would say do not prepay your loan and keep as much cash as you can. There will be many unexpected expenses (trips to Dubai or Brazil with professors, car trouble, etc). You want to be insulated as much as possible. Also, most loans will require 2 applications (or rather a revision after the first year), so you can always apply for a higher/lower amount in year two, depending on your cash situation/stock market/interest rates/etc.

Congratulations on getting in and good luck!
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Intern
Intern
User avatar
Joined: 12 Mar 2012
Posts: 24
Concentration: Healthcare
GMAT 1: 710 Q47 V41
Followers: 0

Kudos [?]: 21 [0], given: 5

Re: Post-MBA Job Start Date [#permalink] New post 29 Jan 2014, 18:01
Thanks for the response and putting together such a great site! That's exactly what I was looking to hear and how I was leaning.
Re: Post-MBA Job Start Date   [#permalink] 29 Jan 2014, 18:01
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