Forum Home > GMAT > Quantitative > Problem Solving (PS)
Events & Promotions
Last visit was: 31 Aug 2024, 17:09 |
It is currently 31 Aug 2024, 17:09 |
Customized
for You
Track
Your Progress
Practice
Pays
04:30 PM MDT
-09:00 AM MDT
11:00 AM SGT
-03:00 PM SGT
12:00 PM EDT
-01:00 PM EDT
09:00 PM IST
-10:00 PM IST
Update Jan 25, 2019: Expenditure details of Desautels (McGill) added. |
Actual Cost of Kellogg MBA | |||
Category | Year 1 | Year 2 | Notes (If Any) |
School Expenses | |||
Tuition | US$ 68955 | US$ 70334 | |
School fees | US$ 3124 | US$ 3186 | |
Student orgs, club subscriptions, etc. | US$ 330 | US$ 337 | |
Study Materials (course packs) | US$ 1200 | US$ 1224 | Some courses have all HBR cases that you must buy |
Books/Misc. (printing) | US$ 600 | US$ 612 | 50$ as no one buys books with school library providing subscription to online versions; printing is free at Kellogg (unlimited B/W + Color) |
Health Insurance | US$ 3856 | US$ 3933 | |
Attending networking events/conferences: Travel Expenses, Parking, Wine and Dine Expenses, Event Tickets, etc. | US$ 8108 | US$ 8270 | Includes EVERYTHING |
Personal Laptop | US$ 1500 | US$ 0 | |
Any other school related expenses. | - | - | |
First Year Fee | US$ 1500 | ||
Travel | |||
Commuting to School: Metro Expenses | US$ 1200 | US$ 1224 | Not needed as you live in Evanston! |
Uber/Lyft/Car Pooling | US$ 5000 | US$ 5100 | |
Study Tours | US$ 1000 | US$ 1000 | GIM Trips: Only those who are enrolled in these courses need to pay for this |
Leisure travel | US$ 3500 | US$ 3500 | Again, depending on the destination could be higher; discretionary |
Room & Board | |||
Housing Rent | US$ 19912 | US$ 20310 | Assuming baseline for 1 bedroom apt in mcmanus as studios are small ; add another 5-10% if you look at accommodation outside |
Household items | US$ 1200 | US$ 1224 | You get fully furnished apartment in McManus; so not many appliances need to be bought |
Utilities/TV | US$ 1200 | US$ 1224 | |
Groceries | US$ 7500 | US$ 7650 | |
Eating Out | US$ 2500 | US$ 2550 | Assuming 3X/week average for 4 quarters |
Entertainment/Bars | US$ 2000 | US$ 2040 | |
Miscellaneous(dry cleaning/barber/etc) | US$ 1500 | US$ 1530 | |
Gym | US$ 780 | US$ 796 | This is for one of the most expensive gyms in Evanston |
Insurance | US$ 300 | US$ 306 | Not many take out insurance; but assuming it here as a worst case |
Healthcare | |||
Personal Expenditure | US$ 1500 | US$ 1500 | |
Total Expenses | US$ 138265 | US$ 137849 | |
Actual MBA Cost | US$ 276114 | ||
MBA Budget Displayed on School’s Website | US$ 200434 | ||
Assumptions Assuming a 2% YoY 'g' for all items Students stay for all 4 quarters in Evanston |
Actual Cost of Kenan-Flagler MBA | |||
Category | Year 1 | Year 2 | Notes |
School Expenses | |||
Tuition | US$ 60000 | US$ 60000 | Tuition is paid per semester |
School fees | Included in the tuition | ||
Student orgs, club subscriptions, etc. | US$ 450 | US$ 450 | Subscription for MBA clubs and activities |
Books/Study Materials | US$ 200 | US$ 200 | Can be shared between friends to reduce the cost |
Health Insurance | US$ 692 | US$ 692 | Indian insurance from ICICI |
Attending networking events/conferences: Travel Expenses, Parking, Wine and Dine Expenses, Event Tickets, etc. | US$ 500 | US$ 500 | Depends on the track you chose. It is substantially high for IB and consulting |
Personal Laptop | US$ 900 | Again depends on the machine you chose | |
Any other school related expenses. | NA | NA | |
Travel | |||
Commuting to School: Cab/Metro Charges. | US$ 0 | US$ 0 | I live on campus |
Study Tours | |||
Leisure travel | US$ 600 | US$ 600 | This cannot be quantified. It depends on person. |
Room & Board | |||
Housing Rent | US$ 12600 | US$ 12600 | On campus housing is cheaper |
Household items | US$ 1200 | You can get a lot of stuff for free | |
Utilities/TV | Included in the rent | ||
Groceries | US$ 4800 | US$ 4800 | |
Eating Out | US$ 1200 | US$ 1800 | This again is personal preference |
Entertainment/Bars | NA | ||
Miscellaneous(dry cleaning/barber/etc) | US$ 300 | US$ 300 | |
Gym | Included in the tuition | ||
Insurance | Health insurance already covered | ||
Healthcare | Depends on how many visits you make and your insurance plan | ||
Personal Expenditure | US$ 1200 | US$ 1200 | |
Total Expenses | US$ 84642 | US$ 83142 | |
Actual MBA Cost | US$ 167785 | ||
MBA Budget Displayed on School’s Website | US$ 178440 |
Actual Cost of Olin MBA | |||
Category | Year 1 | Year 2 | Notes |
School Expenses | |||
Tuition | US$ 53000 | US$ 53000 | Inclusive of fees |
School fees | |||
Student orgs, club subscriptions, etc. | US$ 0 | US$ 0 | No additional costs |
Books/Study Materials | US$ 1000 | US$ 1000 | Approximate.. Could be higher or lower depending on the courses we opt for |
Health Insurance | US$ 1200 | US$ 1200 | |
Attending networking events/conferences: Travel Expenses, Parking, Wine and Dine Expenses, Event Tickets, etc. | US$ 700 | US$ 700 | Approximate. Depends on which conferences we plan to attend |
Personal Laptop | US$ 400 | US$ 400 | |
Any other school related expenses. | - | - | |
Travel | |||
Commuting to School: Cab/Metro Charges. | US$ 0 | US$ 0 | Student travel pass for bus and train provided for free |
Study Tours | - | - | |
Leisure travel | US$ 1200 | US$ 1200 | Assuming one short trip a year |
Room & Board | |||
Housing Rent | US$ 6000 | US$ 6000 | Considering living in a 2 bedroom shared with a roomate. Studio or 1 bedroom could cost around 30-40% more. This is in St. Louis - One of the cheapest cities in the US |
Household items | US$ 300 | - | A cheap mattress would be around $100. Other furniture items could be shared with roomate. |
Utilities/TV | US$ 1200 | US$ 1200 | |
Groceries | US$ 2400 | US$ 2400 | |
Eating Out | US$ 1000 | US$ 1000 | Considering eating out once a week |
Entertainment/Bars | US$ 1000 | US$ 1000 | Estimated figure |
Miscellaneous(dry cleaning/barber/etc) | US$ 200 | US$ 200 | Student discounts can be availed at many places |
Gym | US$ 0 | US$ 0 | The university usually has a good gym and is available for free to the students |
Insurance | |||
Healthcare | Fortunately, I did not incur any healthcare expenditures. But this can be expensive if incurred. | ||
Personal Expenditure | US$ 1600 | US$ 1600 | Travelling to home country twice during the course of the two years |
Total Expenses | US$ 71200 | US$ 70900 | |
Actual MBA Cost | US$ 142100 | ||
MBA Budget Displayed on School’s Website | US$ 122470 |
Actual Cost of Rotman MBA | |||
Category | Year 1 | Year 2 | Notes |
School Expenses | |||
Tuition | CA$ 55000 | CA$ 55000 | 2 payments (Sep and Dec) |
School fees | Included in the tuition | ||
Student orgs, club subscriptions, etc. | CA$ 400 | - | 1 payment (Sep) |
Books/Study Materials | CA$ 400 | CA$ 400 | It depends with the class that you will have. I just spent 400 |
Health Insurance | Included in the tuition | ||
Attending networking events/conferences: Travel Expenses, Parking, Wine and Dine Expenses, Event Tickets, etc. | CA$ 960 | CA$ 960 | |
Personal Laptop | CA$ 1500 | - | Before Class (Sep) |
Any other school related expenses. | CA$ 0 | - | |
Travel | |||
Commuting to School: Cab/Metro Charges. | CA$ 840 | CA$ 840 | |
Study Tours | - | - | |
Leisure travel | - | - | |
Room & Board | |||
Housing Rent | CA$ 18000 | CA$ 18000 | |
Household items | CA$ 1200 | CA$ 1200 | |
Utilities/TV | CA$ 2400 | CA$ 2400 | |
Groceries | CA$ 6000 | CA$ 6000 | |
Eating Out | CA$ 3000 | CA$ 3000 | |
Entertainment/Bars | CA$ 1800 | CA$ 1800 | |
Miscellaneous(dry cleaning/barber/etc) | CA$ 600 | CA$ 600 | |
Gym | CA$ 1080 | CA$ 1080 | |
Insurance | CA$ 960 | CA$ 960 | |
Healthcare | CA$ 0 | CA$ 0 | |
Personal Expenditure | CA$ 1200 | CA$ 1200 | |
Total Expenses | CA$ 95340 | CA$ 93440 | |
Actual MBA Cost | CA$ 188780 | ||
MBA Budget Displayed on School’s Website | CA$ 141826 |
Actual Cost of IMD MBA | ||
Category | Year 1 | Notes |
School Expenses | ||
Tuition | CHF 85000 | |
School fees | - | |
Student orgs, club subscriptions, etc. | - | |
Books/Study Materials | - | |
Health Insurance | CHF 5000 | |
Attending networking events/conferences: Travel Expenses, Parking, Wine and Dine Expenses, Event Tickets, etc. | CHF 1000 | |
Personal Laptop | CHF 1000 | |
Relocation | CHF 4000 | To and from Switzerland |
Travel | ||
Commuting to School: Cab/Metro Charges. | CHF 1000 | Year railway cards for family and cost of travel over the year |
Study Tours | CHF 500 | |
Leisure travel | CHF 4000 | |
Room & Board | ||
Housing Rent | CHF 20000 | |
Household items | CHF 3000 | |
Utilities/TV | - | |
Groceries | CHF 20000 | |
Eating Out | CHF 3000 | |
Entertainment/Bars | - | |
Miscellaneous(dry cleaning/barber/etc) | CHF 2000 | |
Gym | - | |
Insurance | CHF 500 | Housing insurance and other |
Healthcare | - | |
Family expenditures | CHF 10000 | Expenditures for clothes/ kids activities etc |
Visa and other docs | CHF 2000 | |
Actual MBA Cost | CHF 162000 | |
MBA Budget Displayed on School’s Website | CHF 121000 |
Actual Cost of ESMT MBA | ||
Category | Year 1 | Notes |
School Expenses | ||
Tuition | € 45,000 | |
School fees | - | |
Student orgs, club subscriptions, etc. | € 50 | |
Books/Study Materials | € 0 | |
Health Insurance | € 1,080 | |
Attending networking events/conferences: Travel Expenses, Parking, Wine and Dine Expenses, Event Tickets, etc. | - | |
Personal Laptop | € 700 | |
Any other school related expenses. | € 56 | Residence Permit |
Travel | ||
Commuting to School: Cab/Metro Charges. | € 528 | |
Study Tours | € 1,200 | |
Leisure travel | € 1,000 | |
Room & Board | ||
Housing Rent | € 7,200 | |
Household items | € 2,400 | |
Utilities/TV | € 240 | |
Groceries | € 1,200 | |
Eating Out | € 720 | |
Entertainment/Bars | € 1,080 | |
Miscellaneous(dry cleaning/barber/etc) | € 119 | |
Gym | € 240 | |
Insurance | - | |
Healthcare | - | |
Personal Expenditure | € 1,800 | |
Actual MBA Cost | € 64,613 | |
MBA Budget Displayed on School’s Website | € 61500 |
Actual Cost of an Columbia MBA
Category | Year 1 | Per Month | Year 2 | Per Month |
Tuition | $ 60,720.00 | N/A | $63,148.00 | N/A |
School Fees | $ 3,124.00 | N/A | $2,642.00 | N/A |
Health Insurance | $ 3,149.00 | N/A | $2,508.00 | N/A |
Agent Fee | $ 3,562.50 | N/A | $ 0 | N/A |
Application Fees | $ 759.00 | N/A | $ 0 | N/A |
Household items | $2,425.33 | $202.11 | $1,451.16 | $145.12 |
Student Orgs | $714.61 | $59.55 | $772.77 | $77.28 |
Rent | $ 28,500.00 | $ 2,375.00 | $ 23,750.00 | $ 2,375.00 |
Metro Expenses | $1,635.50 | $136.29 | $1,112.60 | $111.26 |
Groceries | $8,447.26 | $703.94 | $7,541.74 | $754.17 |
Eating Out | $1,830.22 | $152.52 | $2,399.72 | $239.97 |
Entertainment/Bars | $2,959.06 | $246.59 | $2,756.69 | $275.67 |
Utilities/TV | $2,605.93 | $217.16 | $3,031.55 | $303.16 |
Insurance | $1,866.77 | $155.56 | $2,104.28 | $210.43 |
Healthcare | $1,401.81 | $116.82 | $1,234.98 | $123.50 |
Miscellaneous(dry cleaning/barber/etc) | $1,451.82 | $120.99 | $2,697.10 | $269.71 |
Gym | $1,719.93 | $143.33 | $3,316.96 | $331.70 |
Travel | $8,107.56 | N/A | $8,058.20 | N/A |
Total | $134,980.30 | $4,628.86 | $ 128,525.75 | $5,216.97 |
Actual Cost of Desautels (McGill) | |||
Category | Year 1 | Year 2 | Notes (If Any) |
School Expenses | |||
Tuition | CA$ 44500 | CA$ 44500 | International tuition. For full details see: https://www.mcgill.ca/desautels/program ... ba/tuition |
School fees | CA$ 1310 | CA$ 1310 | Society fees, student services, administration charges, IT charges, etc. |
Student orgs, club subscriptions, etc. | CA$ 120 | CA$ 120 | Depending on the clubs, some of them charge as little as $5, and some charge $25 flat and give access to their events all year. |
Books/Study Materials | CA$ 230 | CA$ 180 | Copyright fee: $30. On an average add $25-$30 for course materials. Some classes have simulations and exercises that need to be bought individually. The most expensive of them was roughly $80. You end up sharing some of the course materials. |
Health Insurance | CA$ 1170 | CA$ 1170 | International health + dental. For full details see: https://www.mcgill.ca/desautels/program ... ba/tuition |
Attending networking events/conferences: Travel Expenses, Parking, Wine and Dine Expenses, Event Tickets, etc. | CA$ 900 | CA$ 600 | A networking event in Toronto in mid-November. The rest of the events and activities are purely by choice, but highly recommended. The most avid ones end up spending higher, but on average this should be good enough. |
Personal Laptop | CA$ 1300 | Any decent laptop which can handle everyday tasks is good enough. If you have a good one, don't bother buying one. Highly recommend Windows over Mac for better compatibility with softwares and excercises. | |
Any other school related expenses. | CA$ 600 | CA$ 600 | Just miscellanious expenses in case you wanted to have more fun and great experiences. |
Travel | |||
Commuting to School: Cab/Metro Charges. | CA$ 0 | CA$ 0 | Live close to the school and save some dough and time in travelling. Montreal is cheap, so you can afford to live close to the school. Other option is room/house mates. |
Study Tours | CA$ 0 | CA$ 0 | A 10-day international study trip is included in the fee - Travel, Lodging and local commute. |
Leisure travel | CA$ 0 | CA$ 0 | Well, up to you. |
Room & Board | |||
Housing Rent | CA$ 9000 | CA$ 9000 | |
Household items | |||
Utilities/TV | CA$ 0 | CA$ 0 | What're you doing watching TV during your MBA? |
Groceries | CA$ 2400 | CA$ 2400 | |
Eating Out | CA$ 600 | CA$ 600 | Avoid eating out as much as you can. Food is not that important now, is it? |
Entertainment/Bars | CA$ 600 | CA$ 600 | Well, if you think this estimate is less than what you'd be spending, you should seriously rethink your priorities. |
Miscellaneous(dry cleaning/barber/etc) | CA$ 360 | CA$ 360 | Go to Salon Violette, they charge students $11. |
Gym | CA$ 0 | CA$ 0 | Included in school fees. |
Insurance | CA$ 0 | CA$ 0 | Renter's insurance would be $50 I guess. |
Healthcare | CA$ 0 | CA$ 0 | Included in the PGSS Health Plan. |
Personal Expenditure | CA$ 120 | CA$ 120 | Just to round off the figures. All figures above include buffers, so you shouldn't really need more. Only caveat not in here is the number of times you will travel home. |
Total Expenses | CA$ 63210 | CA$ 61560 | Monthly expenses are included in the totals too. So don't panic. |
Actual MBA Cost | CA$ 124770 | ||
MBA Budget Displayed on School’s Website | CA$ 108000 - CA$ 113000 | ||
NOTE: The expenses mentioned above are the absolute maximum one will spend and includes buffers, so don’t get demotivated if they appear too high; Your MBA budget could be lower if you spend cautiously and save wherever possible. |
|
Announcements
![]() Watch an inspiring journey of Angelo Adam in the latest episode of GMAT Club Career Talks! Soojin Kwon, former Admissions Dean at Michigan Ross interviews Angelo Adams, a first-generation college student who rose from the ranks of the U.S. Army to become the President of a leading American Car Sharing Company. In a 45-minute insightful conversation, our very special guest shares his transformative path from military service to obtaining his MBA at the prestigious Michigan Ross School of Business, his strategic career moves post-MBA, and how he built a successful leadership career at renowned companies. Subscribe to our YouTube channel to receive notifications whenever a new video is uploaded.
Tuck at Dartmouth
A High ROI MBA at Emory Goizueta
|