NEW HERE? LEARN MORE
closeclose
Last visit was: 26 Apr 2024, 00:02 It is currently 26 Apr 2024, 00:02
Decision Tracker
My Rewards
New posts
New comers' posts

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

How Much Money To NOT Go To School?

SORT BY:
Date
Kudos
 1   2   

How Much To NOT Go To School?

You may select 1 option
View results
User avatar
johnnyx9
Director
Director
Joined: 28 Jun 2006
Posts: 958
Own Kudos [?]: 98 [0]
Given Kudos: 0
Send PM
How Much Money To NOT Go To School? [#permalink] New post   19 Apr 2007, 14:29
I've asked this before, but I want to ask it again now that most people have been accepted somewhere.

How much money would someone need to offer you as a lump-sum (no taxes) to NOT go to business school. In other words, they would hand you the money, and you would never be able to go to business school ever.
User avatar
riverripper
GMAT Club Legend
GMAT Club Legend
Joined: 10 Apr 2007
Posts: 4307
Own Kudos [?]: 806 [0]
Given Kudos: 5
Location: Back in Chicago, IL
Concentration: General/Operations Management
Schools:Kellogg Alum: Class of 2010
 Q49  V42
Send PM
[#permalink] New post   19 Apr 2007, 15:40
That would make calculating out the ROI a little more difficult...especially if you want to calculate the 5 year payback.
User avatar
johnnyx9
Director
Director
Joined: 28 Jun 2006
Posts: 958
Own Kudos [?]: 98 [0]
Given Kudos: 0
Send PM
[#permalink] New post   19 Apr 2007, 19:01
Amazing. So far two people have said more than 2 million dollars. That means if they won two million dollars in the lottery tomorrow, they would then be willing to pay tuition of a little over 2 million dollars to go to b-school. People had similar answers last time I had this poll, but I was wondering if the whole process of applying had discounted the value of an MBA for people.
User avatar
jaynayak
Director
Director
Joined: 30 Mar 2006
Posts: 896
Own Kudos [?]: 593 [0]
Given Kudos: 0
Send PM
[#permalink] New post   19 Apr 2007, 21:49
My answer would still be the same.

No matter what, I am going to B-School. I did not sacrifice so much just for x amount of money.
User avatar
johnnyx9
Director
Director
Joined: 28 Jun 2006
Posts: 958
Own Kudos [?]: 98 [0]
Given Kudos: 0
Send PM
[#permalink] New post   20 Apr 2007, 05:44
I'm also really looking forward to school. Making a lot of money isn't the only reason I'm going to school, I am looking forward to the experience, and to actually learning, but my main goal is to graduate with greater earning power, so give me $500,000 and I'd easily walk away.

I suppose for those planning to go into i-banking (and planning to beat the odds of most i-bankers, i.e. not burning out after a couple years and leaving the industry, actually sticking around to make huge huge salaries) that greater riches lie ahead.
User avatar
squali83
Current Student
Joined: 04 Dec 2006
Posts: 440
Own Kudos [?]: 24 [0]
Given Kudos: 0
Send PM
[#permalink] New post   20 Apr 2007, 05:58
jaynayak wrote:
My answer would still be the same.

No matter what, I am going to B-School. I did not sacrifice so much just for x amount of money.


Wow, that is dedication and drive. I can say for 800K I would walk. Jay you are telling me if someone walked up to you and opened a brief case with 2 mil. in it you would not take it and walk away. I find that hard to believe. This is almost like a game we play with the drunks at the bar where I tend. It is would do X for $Y? i.e. " Would you sleep with 300lbs, ugly, smelly girl for 10K? and then keep going up. It is funny how everyone has a different approach to the game. Some answer realistically and other are just plain lying. I would love to meet someone who would not wax it with a girl for 10 mil. If you are here please tell me! :lol:
User avatar
fluffydot
Manager
Manager
Joined: 25 Sep 2006
Posts: 248
Own Kudos [?]: 2 [0]
Given Kudos: 0
Send PM
[#permalink] New post   20 Apr 2007, 07:58
I'd do almost anything for $10mil I think :lol:

It's interesting to point out tho, even tho I would "give up" bschool for a large sum of money, I would want to go even more if I win the lottery.

That's because it would be so useful in learning about investments and how to run your own company etc. with $20mil + mba I think one can achieve a whole lot!
User avatar
rhyme
GMAT Club Legend
GMAT Club Legend
Joined: 05 Apr 2006
Affiliations: HHonors Diamond, BGS Honor Society
Posts: 5916
Own Kudos [?]: 3083 [0]
Given Kudos: 7
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE:Business Development (Consumer Products)
Send PM
[#permalink] New post   20 Apr 2007, 08:26
I voted $2MM.
User avatar
B
GMATT73
CEO
CEO
Joined: 29 Jan 2005
Posts: 2887
Own Kudos [?]: 1117 [0]
Given Kudos: 0
Send PM
[#permalink] New post   20 Apr 2007, 19:02
rhyme wrote:
I voted $2MM.


I knew it all along. :-D

Honestly, I would walk away with a cool $1 mil and use the cash to finance a PHD of LLM instead, maybe both. 800K just wouldn't quite be enough.
User avatar
B
GMATT73
CEO
CEO
Joined: 29 Jan 2005
Posts: 2887
Own Kudos [?]: 1117 [0]
Given Kudos: 0
Send PM
[#permalink] New post   20 Apr 2007, 19:04
fluffydot wrote:
I'd do almost anything for $10mil I think :lol:



Would you sell your soul to the man down under? :o
User avatar
died4me
Senior Manager
Senior Manager
Joined: 03 Aug 2006
Posts: 415
Own Kudos [?]: 9 [0]
Given Kudos: 0
Send PM
[#permalink] New post   20 Apr 2007, 19:29
$500,000 for me

I think I can turn this into millions within a couple of years.
User avatar
lepium
VP
VP
Joined: 24 Sep 2006
Posts: 1359
Own Kudos [?]: 208 [0]
Given Kudos: 0
Send PM
[#permalink] New post   20 Apr 2007, 20:51
2 million x 5% year = 100 grand = realizing my vision of being an "unemployed person with quite good living standards". Maybe become an ad honorem teacher or professor.

Cheers. L.
User avatar
londonluddite
Manager
Manager
Joined: 30 Aug 2006
Posts: 223
Own Kudos [?]: 236 [0]
Given Kudos: 0
Send PM
[#permalink] New post   21 Apr 2007, 03:27
2 mill.

1 mill for one of these:

https://www.oysterbrokerage.com/yacht_de ... achtid=159 (or one of these https://www.elmarine.com/moody-64.htm)

and the rest on living expenses as I sail round the world :-D
User avatar
fluffydot
Manager
Manager
Joined: 25 Sep 2006
Posts: 248
Own Kudos [?]: 2 [0]
Given Kudos: 0
Send PM
[#permalink] New post   21 Apr 2007, 09:09
GMATT73 wrote:
fluffydot wrote:
I'd do almost anything for $10mil I think :lol:



Would you sell your soul to the man down under? :o


Isn't that essentially what I'm doing when I sign up for an IB career? 8-)
So I guess the answer is 'yes'
User avatar
Mishari
Senior Manager
Senior Manager
Joined: 30 Nov 2006
Posts: 352
Own Kudos [?]: 891 [0]
Given Kudos: 0
Location: Kuwait
Concentration: Strategy - Finance
 Q49  V36
Send PM
[#permalink] New post   21 Apr 2007, 09:50
sometimes I get confused and think "is it really worth it to just spend 2 years of my life doing an MBA at harvard or wharton even though I get full scholarship ?"
User avatar
rhyme
GMAT Club Legend
GMAT Club Legend
Joined: 05 Apr 2006
Affiliations: HHonors Diamond, BGS Honor Society
Posts: 5916
Own Kudos [?]: 3083 [0]
Given Kudos: 7
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE:Business Development (Consumer Products)
Send PM
[#permalink] New post   21 Apr 2007, 16:46
Mishari wrote:
sometimes I get confused and think "is it really worth it to just spend 2 years of my life doing an MBA at harvard or wharton even though I get full scholarship ?"


Is this some kind of weak attempt at bragging?
User avatar
riverripper
GMAT Club Legend
GMAT Club Legend
Joined: 10 Apr 2007
Posts: 4307
Own Kudos [?]: 806 [0]
Given Kudos: 5
Location: Back in Chicago, IL
Concentration: General/Operations Management
Schools:Kellogg Alum: Class of 2010
 Q49  V42
Send PM
[#permalink] New post   21 Apr 2007, 18:32
Tonight is the powerball...40+ million would be enough that if I won I wouldn't even think about school.
User avatar
B
pelihu
SVP
SVP
Joined: 31 Jul 2006
Posts: 2209
Own Kudos [?]: 520 [0]
Given Kudos: 0
Schools:Darden
 Q50  V51
Send PM
[#permalink] New post   21 Apr 2007, 18:42
rhyme wrote:
Mishari wrote:
sometimes I get confused and think "is it really worth it to just spend 2 years of my life doing an MBA at harvard or wharton even though I get full scholarship ?"


Is this some kind of weak attempt at bragging?


I checked out some of his other posts and I don't think he's bragging - I think he's grammar challenged. I don't believe he's applied yet.

I think what he's trying to say is I don't know if I'd go "even if I get a full scholarship" rather than what he wrote "even though I get full scholarship".
User avatar
Mishari
Senior Manager
Senior Manager
Joined: 30 Nov 2006
Posts: 352
Own Kudos [?]: 891 [0]
Given Kudos: 0
Location: Kuwait
Concentration: Strategy - Finance
 Q49  V36
Send PM
[#permalink] New post   21 Apr 2007, 21:16
Bragging ?!!! :o I barely have a 600 GMAT with no WE and nothing whatsoever .. I'll be glad if ANY MBA program accepts me :roll:

Full scholarship at harvard ? in my dreams ..

It's just a hypothetical question .. nothing more .. nothing less
I was assuming: what if something magical happened and wharton offered me a full scholarship at their MBA program .. is such an opportunity cost of spending two more years studying rather than getting a work experience worth it ?

I guess that's just because I'm not sure about the value of an MBA ..
User avatar
piper41955
Manager
Manager
Joined: 02 Apr 2007
Posts: 53
Own Kudos [?]: 1 [0]
Given Kudos: 0
Send PM
[#permalink] New post   21 Apr 2007, 22:09
Just out of curiosity, and please don't take this the wrong way...just how old are you?
GMAT Club Bot
gmatclubot
[#permalink]
21 Apr 2007, 22:09
 1   2   

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions