Last visit was: 25 Apr 2026, 06:41 It is currently 25 Apr 2026, 06:41
Home
Messages
Tests
Schools
Events
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
User avatar
isa
User avatar
Current Student
Joined: 04 Dec 2007
Last visit: 21 Jan 2010
Posts: 1,687
Own Kudos:
224
Given Kudos: 31
Concentration: Healthcare, Strategy, MC
Schools:Kellogg '11
Posts: 1,687
Kudos: 224
Admitted to Kellogg Class of 2011 Thread 09 Jun 2009, 22:52
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Steel
isa
CIM has a ball? Who knew! I thought it was just pseudo-bonding activities like team races, dance-offs, human knots, etc.

Elephant.... Sue...... Napkin...... Chicago Sun-Times...... Email..... CIM...... Ball
Show more

LOL.
User avatar
Jerz
User avatar
Joined: 09 Dec 2008
Last visit: 28 Jan 2017
Posts: 1,221
Own Kudos:
254
Given Kudos: 17
Concentration: Health Enterprise Management, Marketing, Strategy, Finance, Analytical Consulting, Economics
Schools:Kellogg Class of 2011
GMAT 1: 770 Q49 V47
Posts: 1,221
Kudos: 254
Admitted to Kellogg Class of 2011 Thread 10 Jun 2009, 03:14
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Gil
You guys may have guessed it from the fact that I was looking at apartments in Evanston, but today it became official - I withdrew from Booth and decided to go with my heart.

At the end of the day, it was a question of fit, and when I saw Chicago sent out a lot more homework for the summer I knew immediately where I belonged:) (just kidding of course).

I am really excited. Can't wait to meet you all in person next year!
Show more

Congrats Gil! Looking forward to seeing you in a few months.
User avatar
maverick2011
User avatar
Current Student
Joined: 27 Feb 2008
Last visit: 06 Jun 2011
Posts: 296
Own Kudos:
71
Given Kudos: 15
Concentration: Finance, International Business
Schools:Kellogg Class of 2011
Posts: 296
Kudos: 71
Admitted to Kellogg Class of 2011 Thread 10 Jun 2009, 05:13
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Is it necessary/required to change your state of residence to Illinois? My parents live in NC, and I was thinking that I may just leave my official residence there...my reasoning is that IL might have some crazy tax laws like taxing out-of-state earnings (e.g. internship in NYC). Thoughts?
User avatar
MGOBLUE2
User avatar
Current Student
Joined: 21 Oct 2006
Last visit: 11 Jul 2012
Posts: 164
Own Kudos:
19
Posts: 164
Kudos: 19
Admitted to Kellogg Class of 2011 Thread 10 Jun 2009, 05:17
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Nah, no crazy tax laws. Keep your home state if you want.
avatar
Gil
avatar
Joined: 23 Oct 2008
Last visit: 27 Jun 2010
Posts: 300
Own Kudos:
32
Given Kudos: 10
Concentration: General Management; High Tech; Entrepreneurship
Schools:Kellogg School of Management
Posts: 300
Kudos: 32
Admitted to Kellogg Class of 2011 Thread 10 Jun 2009, 06:00
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Jerz
Congrats Gil! Looking forward to seeing you in a few months.
Show more

Thanks! Can't wait!
User avatar
jb32
User avatar
Joined: 20 Feb 2008
Last visit: 06 Jun 2010
Posts: 773
Own Kudos:
155
Given Kudos: 9
Location: Texas
Concentration: Finance
Schools:Kellogg Class of 2011
Posts: 773
Kudos: 155
Admitted to Kellogg Class of 2011 Thread 10 Jun 2009, 06:16
Kudos
Add Kudos
Bookmarks
Bookmark this Post
maverick2011
Is it necessary/required to change your state of residence to Illinois? My parents live in NC, and I was thinking that I may just leave my official residence there...my reasoning is that IL might have some crazy tax laws like taxing out-of-state earnings (e.g. internship in NYC). Thoughts?
Show more
I believe Illinois has a flat 3% state tax, so it may work out in your favor to establish your residence as Illinois. However, I'm no tax expert, so let's see if the CPA's have anything to add.
User avatar
Jerz
User avatar
Joined: 09 Dec 2008
Last visit: 28 Jan 2017
Posts: 1,221
Own Kudos:
254
Given Kudos: 17
Concentration: Health Enterprise Management, Marketing, Strategy, Finance, Analytical Consulting, Economics
Schools:Kellogg Class of 2011
GMAT 1: 770 Q49 V47
Posts: 1,221
Kudos: 254
Admitted to Kellogg Class of 2011 Thread 10 Jun 2009, 06:48
Kudos
Add Kudos
Bookmarks
Bookmark this Post
It's up to you whether to change your state of residence, I think IL allows you to keep your legal residence in another state if you live in IL as a student. With regard to taxing out of state earnings, in the NYC region (where a lot of people work across state borders from where they live) the states have reciprocal agreements where, if you're a resident of state A and work in state B, state B applies their tax rate to income earned in their state, plus state A applies their tax rate to income earned in state B but then gives you a credit for taxes paid to state B. The net impact being if your home state has a higher tax rate than the state in which you work, your state will charge you the difference. I'm not familiar enough with Illinois tax law to know if they charge income tax on out-of-state earnings, but it wouldn't surprise me if they did.

One other point to make: a flat tax state like IL may make you worse off as a student with low income than a state with a progressive income tax system. So for example, if I became a IL resident and make $30,000 during my 3 month internship next year, I'd pay tax at 3% on that income. However, if I stay a NJ resident (where there's a progressive system), I'd only be taxed at 1.7%.
User avatar
jb32
User avatar
Joined: 20 Feb 2008
Last visit: 06 Jun 2010
Posts: 773
Own Kudos:
155
Given Kudos: 9
Location: Texas
Concentration: Finance
Schools:Kellogg Class of 2011
Posts: 773
Kudos: 155
Admitted to Kellogg Class of 2011 Thread 10 Jun 2009, 08:09
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Jerz
It's up to you whether to change your state of residence, I think IL allows you to keep your legal residence in another state if you live in IL as a student. With regard to taxing out of state earnings, in the NYC region (where a lot of people work across state borders from where they live) the states have reciprocal agreements where, if you're a resident of state A and work in state B, state B applies their tax rate to income earned in their state, plus state A applies their tax rate to income earned in state B but then gives you a credit for taxes paid to state B. The net impact being if your home state has a higher tax rate than the state in which you work, your state will charge you the difference. I'm not familiar enough with Illinois tax law to know if they charge income tax on out-of-state earnings, but it wouldn't surprise me if they did.

One other point to make: a flat tax state like IL may make you worse off as a student with low income than a state with a progressive income tax system. So for example, if I became a IL resident and make $30,000 during my 3 month internship next year, I'd pay tax at 3% on that income. However, if I stay a NJ resident (where there's a progressive system), I'd only be taxed at 1.7%.
Show more
Interesting. I need to figure out if I can keep Texas as my state of residence while I'm in school since we have no state income tax. Although, I'll technically be packing up everything and leaving hen I move for school. i.e. I'll have no legal ties when I leave, expect my driver's license and voter registration.
User avatar
riverripper
User avatar
Major Poster
Joined: 10 Apr 2007
Last visit: 20 Aug 2022
Posts: 4,306
Own Kudos:
806
Given Kudos: 5
Location: Back in Chicago, IL
Concentration: General/Operations Management
Schools:Kellogg Alum: Class of 2010
GMAT 1: 740 Q49 V42
Posts: 4,306
Kudos: 806
Admitted to Kellogg Class of 2011 Thread 10 Jun 2009, 08:29
Kudos
Add Kudos
Bookmarks
Bookmark this Post
jb32
Interesting. I need to figure out if I can keep Texas as my state of residence while I'm in school since we have no state income tax. Although, I'll technically be packing up everything and leaving hen I move for school. i.e. I'll have no legal ties when I leave, expect my driver's license and voter registration.
Show more
I maintained my residence in another state since there is no income tax. You will pay taxes where you end up working but at least you wont have to pay the difference between the state where you work and IL if that other state has a lower tax rate. My wife changed her residence but I kept mine. It helps if you have a legal address you can claim, less of a risk of getting busted by the tax man. I do know people who kept residences despite zero ties and know people who used their parents or a house they own as their still legal address.
User avatar
OhThatMBA
User avatar
Current Student
Joined: 10 Dec 2008
Last visit: 15 Jun 2010
Posts: 216
Own Kudos:
15
Given Kudos: 18
Concentration: Venture Capital
Schools:Kellogg Class of 2011
Posts: 216
Kudos: 15
Admitted to Kellogg Class of 2011 Thread 10 Jun 2009, 16:28
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Whoa, I just got my KWEST assignment! That was much quicker than I had expected. And I'm very pleased with what I got - this is going to be a great trip.
User avatar
highhopes
User avatar
Joined: 26 Mar 2008
Last visit: 26 Mar 2022
Posts: 643
Own Kudos:
138
Given Kudos: 16
Schools:Duke 2012
GMAT 1: 740 Q49 V42
Posts: 643
Kudos: 138
Admitted to Kellogg Class of 2011 Thread 10 Jun 2009, 18:00
Kudos
Add Kudos
Bookmarks
Bookmark this Post
OhThatMBA
Whoa, I just got my KWEST assignment! That was much quicker than I had expected. And I'm very pleased with what I got - this is going to be a great trip.
Show more

Where are you going?!
avatar
coolrun
avatar
Current Student
Joined: 22 Mar 2008
Last visit: 17 Jan 2010
Posts: 38
Posts: 38
Kudos: 0
Admitted to Kellogg Class of 2011 Thread 10 Jun 2009, 21:11
Kudos
Add Kudos
Bookmarks
Bookmark this Post
i got mine too...first choice...but maybe we shouldn't reveal what it is? just to make it more exciting-
User avatar
ashaker
User avatar
Current Student
Joined: 04 Jan 2007
Last visit: 13 Aug 2010
Posts: 169
Own Kudos:
16
Schools:HBS Stanford Kellogg Wharton Tuck MIT Sloan
Posts: 169
Kudos: 16
Admitted to Kellogg Class of 2011 Thread 11 Jun 2009, 01:15
Kudos
Add Kudos
Bookmarks
Bookmark this Post
got mine too.. wasnt first choice..but thrilled nonetheless..

i hope i will see snow for the first time in my life ! ! !
User avatar
yellowjacket
User avatar
Current Student
Joined: 27 Mar 2008
Last visit: 24 Jan 2011
Posts: 358
Own Kudos:
54
Given Kudos: 1
Concentration: Finance, Entrepreneurship
Schools:Kellogg Class of 2011
Posts: 358
Kudos: 54
Admitted to Kellogg Class of 2011 Thread 11 Jun 2009, 02:32
Kudos
Add Kudos
Bookmarks
Bookmark this Post
That was definitely quicker than expected. While I'm surprised I got my third choice even though I signed up within 5 minutes, I'm still really excited.

You guys definitely weren't kidding when you said these trips fill up fast.
User avatar
Jerz
User avatar
Joined: 09 Dec 2008
Last visit: 28 Jan 2017
Posts: 1,221
Own Kudos:
254
Given Kudos: 17
Concentration: Health Enterprise Management, Marketing, Strategy, Finance, Analytical Consulting, Economics
Schools:Kellogg Class of 2011
GMAT 1: 770 Q49 V47
Posts: 1,221
Kudos: 254
Admitted to Kellogg Class of 2011 Thread 11 Jun 2009, 03:36
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Got my first choice! I guess repeatedly hitting F5 starting 5 minutes before the registration time paid off. It was a pleasant surprise to find out, since I wasn't expecting anything until next month.
User avatar
jb32
User avatar
Joined: 20 Feb 2008
Last visit: 06 Jun 2010
Posts: 773
Own Kudos:
155
Given Kudos: 9
Location: Texas
Concentration: Finance
Schools:Kellogg Class of 2011
Posts: 773
Kudos: 155
Admitted to Kellogg Class of 2011 Thread 11 Jun 2009, 06:06
Kudos
Add Kudos
Bookmarks
Bookmark this Post
How did you guys find out? Did you receive an email? I'm a little worried because I had my official email address changed with the school, so we'll see if I get a notice. I'll probably try and email the KWEST leaders this morning.

**Update**: Now that I look at the KWEST website, it says trips will be assigned from June 15th - July 1st, so no need to worry yet.

One other question, when do you think we will see something about class waivers and registration?
User avatar
OhThatMBA
User avatar
Current Student
Joined: 10 Dec 2008
Last visit: 15 Jun 2010
Posts: 216
Own Kudos:
15
Given Kudos: 18
Concentration: Venture Capital
Schools:Kellogg Class of 2011
Posts: 216
Kudos: 15
Admitted to Kellogg Class of 2011 Thread 11 Jun 2009, 06:31
Kudos
Add Kudos
Bookmarks
Bookmark this Post
jb32
How did you guys find out? Did you receive an email? I'm a little worried because I had my official email address changed with the school, so we'll see if I get a notice. I'll probably try and email the KWEST leaders this morning.
Show more
I received an email through my Kellogg address. The email didn't say that everyone had been assigned as of yet, although I was assuming that was the case. You may still want to email Mia or someone else on the KWEST team, even though the website says trips aren't assigned until later.

jb32
One other question, when do you think we will see something about class waivers and registration?
Show more
I've been wondering the same thing myself.
User avatar
yellowjacket
User avatar
Current Student
Joined: 27 Mar 2008
Last visit: 24 Jan 2011
Posts: 358
Own Kudos:
54
Given Kudos: 1
Concentration: Finance, Entrepreneurship
Schools:Kellogg Class of 2011
Posts: 358
Kudos: 54
Admitted to Kellogg Class of 2011 Thread 11 Jun 2009, 07:00
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I found the following information regarding waivers:

https://www.kellogg.northwestern.edu/med ... erinfo.htm

Also, for finance-1, waiver information is here:

https://www20.kellogg.northwestern.edu/d ... alogid=489
User avatar
Rubashov1
User avatar
Joined: 14 Sep 2007
Last visit: 29 Sep 2016
Posts: 864
Own Kudos:
107
Given Kudos: 15
Schools:Kellogg '10
Posts: 864
Kudos: 107
Admitted to Kellogg Class of 2011 Thread 11 Jun 2009, 07:36
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Wow, big Kellogg day for me yesterday. Got my KWEST assignment (#2 choice, which was expected) and summer course assignment (getting into Negotiations helps me get over that 8:30am Turbo Finance).

Of course, with the positive developments arrived my first bill. :lol:
User avatar
OhThatMBA
User avatar
Current Student
Joined: 10 Dec 2008
Last visit: 15 Jun 2010
Posts: 216
Own Kudos:
15
Given Kudos: 18
Concentration: Venture Capital
Schools:Kellogg Class of 2011
Posts: 216
Kudos: 15
Admitted to Kellogg Class of 2011 Thread 11 Jun 2009, 07:57
Kudos
Add Kudos
Bookmarks
Bookmark this Post
rca215
Wow, big Kellogg day for me yesterday. Got my KWEST assignment (#2 choice, which was expected) and summer course assignment (getting into Negotiations helps me get over that 8:30am Turbo Finance).

Of course, with the positive developments arrived my first bill. :lol:
Show more
Nice, Negotiations will be a blast.
   1  ...  45   46   47   48   49  ...  59