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Current Student
Joined: 29 Jan 2005
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rhyme wrote: GMATT73 wrote: fluffydot wrote:
New suite: $199
I'm in the market for one of those right now, but looking to spend upwards of $199,000. Add that to the total cost (GMAT+MBA) and I become the official GMATClub CHA-CHING debt KING.  New condo: $225,000 Forgone wages: $175,000 Tuition: $50,000 This month's visit to XYZ: $3000 Kaplan: $1200 Books, CDROMs, other online materials: ~$1000 GMAT (x4): $1000 Initial school visits in 2004 and 2005: $5000 (x2) Lost wages during vists: $15,000 Insurance: $10,000 Wife's green card paperwork and embassy visits: $2000 Family visit to Asia: $5000 Anticipated birth of first child between B1 and B2: $6000 Living Expenses for 21 months: $31,000 ---------------------------------------------------------------- Sub Total: $535,000 (and that's riding a bicycle to school everyday!) I don't know where XYZ is, but this: Living Expenses for 21 months: $31,000 Seems way way low to me. Thats less than $1500 a month, and unless XYZ is in a really small town where things are cheap, thats low. That figure does not include mortgage costs.
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Current Student
Joined: 28 Dec 2004
Posts: 3439
Location: New York City
Schools: Wharton'11 HBS'12
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you should fit well in the i-banking world
...at least dress wise 
rhyme wrote: Xeo78 wrote: rhyme wrote: Don't feel bad about your costs. Here's my rough total.
Gmat prep, $1800
Gmat exams, $750
gmat score reports and transcript ordering, ~$150
Trip to Cornell: ~$950
Trip to Harvard: ~$1400
Unpaid time off work for trips, gmat exams, interviews, class visits, etc: ~$12,000
New Suit for interviews: $1200
Application Fees: ~$700
Dry Cleaning: At least $50
~ $19,000 true opportunity cost (which is the best measure)
or, if you prefer:
~ $7,000 actual out of pocket $1200 for a suit? Geez, what did you get, Armani?  Embarassing as it is... It was actually $1400, not $1200, I was mistaken... and its one of my cheaper suits actually.... I tend to buy Loro Piana mostly. Armani tends not to fit well on my frame. I also have a tendency to buy some pretty ridiculously priced shirts. Shoes too, but at least there I can blame my insanely big but insanely narrow feet. There's only two manufacturers that fit me well. Reebok, and Ferragamo. Doesn't leave much in terms of options. Ties are probably my most ridiculous splurge - but I stopped buying them years ago. Hermes mostly. |
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Director
Joined: 07 Jun 2006
Posts: 516
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ok - reading about all these costs made me take a potshot at Gmatt and Rhyme. Me included of course.  [/img]
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GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5881
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
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I dont wear Armani! Loro Piana! Boss! Hermes! Ferragamo!
But, still, I love it... "weighed down by fees", LOL.
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Director
Joined: 07 Jun 2006
Posts: 516
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Armani, Giovanni, Piscatelli, walletempti, hermes, boss - yada yada, whatever, it's just details. I haven't worn any of these so I couldn't care less ;)
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My 7 GMAT Quant Strategies/Trap
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VP
Joined: 29 Apr 2003
Posts: 1414
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Hilarious!
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Manager
Joined: 16 Dec 2007
Posts: 198
Location: San Diego,CA
Schools: Kellogg (R2), UCLA (R2)
Followers: 1
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Re: Cha-Ching! Add it up! [#permalink]
 16 Jan 2008, 12:07
Found while searching the cost of application process. Bumping it for folks planning to apply for 09.
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GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5463
Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming
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Re: Cha-Ching! Add it up! [#permalink]
16 Jan 2008, 15:38
that's a good one!
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CEO
Joined: 17 May 2007
Posts: 2998
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Re: Cha-Ching! Add it up! [#permalink]
16 Jan 2008, 16:41
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This is a great one !!!!
My costs (converting everything in USD):
GMAT $250
Books $500
Applications (6 schools) $1300
Lost wages during months I took off work $40,000
Lost laptop (which got stolen while studying for gmat in the library) - $2900
holy crap - $44,950 ... Thats a LOT of money without a single admit to show for it.
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GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5463
Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming
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Re: Cha-Ching! Add it up! [#permalink]
16 Jan 2008, 17:52
yikes, that is expensive! You will get in, bsd, you will!
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Current Student
Joined: 12 Nov 2007
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Re: Cha-Ching! Add it up! [#permalink]
16 Jan 2008, 19:18
GMAT class: $1000
GMAT test: $250
Visit to Michigan Ross: $450
Visits to Chicago GSB: $100 in cabs to go back and forth a few times
Kellogg App: $225
Chicago GSB App: $200
Dry cleaning the interview suit/shirt (twice): $30
New high heels for the interviews (that I subsequently RUINED the minute I stepped out of my apartment on my way to the Kellogg interview...GRRR...): $100
Blood, sweat, and tears: A LOT
Grand total: $2,355. Not that bad I guess!
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GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5463
Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming
Followers: 49
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309
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Re: Cha-Ching! Add it up! [#permalink]
16 Jan 2008, 19:51
GMAT Fee: $250 GMAT Books: $100 (estimate) MBA Prep Books: $125 (estimate) Application Fees (Stanford, Haas, UCLA, Kellogg): $825 Tickets to LA x 2 + Hotel: $500 Tickets to Chicago + hotel: $600 (estimate) Gas to Haas and Stanford, numerous times: $100 New suit for interview: $150 (yeah, it was on sale at Banana) Lost time and opportunity from July - December (minus November): Immesurable Total Cost: $2650 Getting admitted to UCLA right before Xmas: PRICELESS 
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GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5463
Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming
Followers: 49
Kudos [?]:
309
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rhyme wrote: Embarassing as it is... It was actually $1400, not $1200, I was mistaken... and its one of my cheaper suits actually.... I tend to buy Loro Piana mostly. Armani tends not to fit well on my frame. I also have a tendency to buy some pretty ridiculously priced shirts. Shoes too, but at least there I can blame my insanely big but insanely narrow feet. There's only two manufacturers that fit me well. Reebok, and Ferragamo. Doesn't leave much in terms of options. Ties are probably my most ridiculous splurge - but I stopped buying them years ago. Hermes mostly. I *had* to quote this one... *$1400* for a suit?! You have very expensive tastes, rhyme!
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Manager
Joined: 19 Aug 2006
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Re: Cha-Ching! Add it up! [#permalink]
16 Jan 2008, 20:28
GMAT Fee: $250 GMAT Book: $35 Application Fees (Chicago, Wharton, Kellogg): $650 Tickets to Chicago x 2: $400 (estimate) Gas+Tolls to Wharton: $40 New suit for interview: $200 Total Cost: $1575...looks like I need to spend nearly this much to fit in with Rhyme at GSB 
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Senior Manager
Joined: 25 Jul 2007
Posts: 378
Location: Times Square
Schools: Baruch / Zicklin
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rhyme wrote: ... I don't know where XYZ is... It's on the 3-dimensional coordinate plane. You can plot it if you'd like. I believe Travel ranked it as the Xth Exotic place to visit for 2007. 
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GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5463
Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming
Followers: 49
Kudos [?]:
309
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Re: Cha-Ching! Add it up! [#permalink]
16 Jan 2008, 22:11
burger2001 wrote: GMAT Fee: $250 GMAT Book: $35 Application Fees (Chicago, Wharton, Kellogg): $650 Tickets to Chicago x 2: $400 (estimate) Gas+Tolls to Wharton: $40 New suit for interview: $200 Total Cost: $1575...looks like I need to spend nearly this much to fit in with Rhyme at GSB Rhyme spent almost as much as you with his suit alone
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Director
Joined: 18 Dec 2007
Posts: 983
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
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Re: Cha-Ching! Add it up! [#permalink]
17 Jan 2008, 00:06
GMAT: $250
GMAT website study: $40
Application fees: $875
4 Cashmere Wool Suits and 7 silk shirts all tailored and 4 silk ties - for interviews: $300
= $1465 - yay!!! I am a cheapskate
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CEO
Joined: 17 May 2007
Posts: 2998
Followers: 48
Kudos [?]:
390
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Re: Cha-Ching! Add it up! [#permalink]
17 Jan 2008, 00:27
toga, I need to find your tailor togafoot wrote: GMAT: $250
GMAT website study: $40
Application fees: $875
4 Cashmere Wool Suits and 7 silk shirts all tailored and 4 silk ties - for interviews: $300
= $1465 - yay!!! I am a cheapskate
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Senior Manager
Joined: 08 Feb 2007
Posts: 407
Followers: 3
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Re: Cha-Ching! Add it up! [#permalink]
17 Jan 2008, 01:30
GMAT = 500
GMAT Books = 200
MBA Books = 100
Trip to presentations = 300
Applications = 1250
Lost relationship = .....
Loss of friends = .....
Total = 2350 + my life
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Director
Joined: 18 Dec 2007
Posts: 983
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Followers: 10
Kudos [?]:
129
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Re: Cha-Ching! Add it up! [#permalink]
17 Jan 2008, 03:24
bsd_lover wrote: toga, I need to find your tailor togafoot wrote: GMAT: $250
GMAT website study: $40
Application fees: $875
4 Cashmere Wool Suits and 7 silk shirts all tailored and 4 silk ties - for interviews: $300
= $1465 - yay!!! I am a cheapskate I`ve posted it somewhere, but i`ll repeat it here :- Vietnam, Hoi an, is full of tailors. Good prices for good quality clothing, Stay for a few days so that you can do the fitting and make any adjustments to the clothes to ensure they fit properly. TO get there... Fly to da nang and get a taxi. Hoi an is a coastal area so there is a nice beach as well, plus they have their own style of cuisine. It`s quiet, and relaxing place. Great for a holiday. Cost of trip to vietnam is not in my list because it was booked before i even realised i was going to do an MBA. Thailand is your alternative but more expensive than Vietnam.
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Re: Cha-Ching! Add it up!
[#permalink]
17 Jan 2008, 03:24
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