westsider wrote:
YOu should be able to hack something together in excel with the data on expected graduate salary, your current salary, expected cost of schools. You could add in a weighting based on % of students with jobs lined up at graduation if you want to get fancy.
If you can't create a rough spreadsheet for this in .. say.. an hour, you should maybe re-evaluate your quantitative skills and try to improve them before applying to b-school.
My quant skills are fine. I just have not had finance yet to do such a calculation, and I am not an excel wiz. I was trying to find something a little more concrete that would take cost of student loans, etc, into consideration. I figured out my loan payments would be close to 780 dollars a month for the 10 year payment plan and about 500 for the 25 year plan.
I think someone had some type of spreadsheet posted on here somewhere last year, but I can't locate it.