From what I've seen and heard from current students, b-school is really what you make it to be.. If you want to make it a 2 year break, it could well be the same... But if that is the case you would be throwing $150K + whatever is your opportunity cost down the drain...
Can anyone confirm this? I find this difficult to believe unless this estimate includes job searching and networking events.
It's more than that.
Tuition is roughly $100K for top schools these days.
Living costs will be $65 - 90K for the 22 months (in the US or Europe, you're likely looking at around $3-4K per month in expenses when you factor in rent, utilities, transport, food, dining, social, etc). Rent alone will be $1-2K depending on location and roommate situations. I'm sure some of you guys will try and find ways to scrape by on much less, but most of you won't want to live like college students (and there's a lot of pressure to not live that way).
And when you add in travel, job search costs, electronics (new laptop), vacations, etc. factor in another $10-20K.
What I advise clients is to count on spending $200K. Summer internship income won't really put much of a dent because it's only 2-3 months of after-tax income (yes you'll be in a low tax bracket because your annual income will be low, but still you're paying double rent, unless you can sublet your place in the summer plus you've got living expenses to cover anyhow).
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