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Current Student
Joined: 29 Jan 2005
Posts: 5201

Kudos [?]: 439 [0], given: 0

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04 Feb 2007, 05:02
rhyme wrote:
GMATT73 wrote:
fluffydot wrote:

New suite: \$199

I'm in the market for one of those right now, but looking to spend upwards of \$199,000. Add that to the total cost (GMAT+MBA) and I become the official GMATClub CHA-CHING debt KING.

New condo: \$225,000
Forgone wages: \$175,000
Tuition: \$50,000
This month's visit to XYZ: \$3000
Kaplan: \$1200
Books, CDROMs, other online materials: ~\$1000
GMAT (x4): \$1000
Initial school visits in 2004 and 2005: \$5000 (x2)
Lost wages during vists: \$15,000
Insurance: \$10,000
Wife's green card paperwork and embassy visits: \$2000
Family visit to Asia: \$5000
Anticipated birth of first child between B1 and B2: \$6000
Living Expenses for 21 months: \$31,000
----------------------------------------------------------------
Sub Total: \$535,000 (and that's riding a bicycle to school everyday!)

I don't know where XYZ is, but this:

Living Expenses for 21 months: \$31,000

Seems way way low to me. Thats less than \$1500 a month, and unless XYZ is in a really small town where things are cheap, thats low.

That figure does not include mortgage costs.

Kudos [?]: 439 [0], given: 0

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Current Student
Joined: 28 Dec 2004
Posts: 3345

Kudos [?]: 325 [0], given: 2

Location: New York City
Schools: Wharton'11 HBS'12

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04 Feb 2007, 10:02
you should fit well in the i-banking world
...at least dress wise

rhyme wrote:
Xeo78 wrote:
rhyme wrote:

Gmat prep, \$1800
Gmat exams, \$750
gmat score reports and transcript ordering, ~\$150
Trip to Cornell: ~\$950
Trip to Harvard: ~\$1400
Unpaid time off work for trips, gmat exams, interviews, class visits, etc: ~\$12,000
New Suit for interviews: \$1200
Application Fees: ~\$700
Dry Cleaning: At least \$50

~ \$19,000 true opportunity cost (which is the best measure)

or, if you prefer:

~ \$7,000 actual out of pocket

\$1200 for a suit? Geez, what did you get, Armani?

Embarassing as it is... It was actually \$1400, not \$1200, I was mistaken... and its one of my cheaper suits actually.... I tend to buy Loro Piana mostly. Armani tends not to fit well on my frame. I also have a tendency to buy some pretty ridiculously priced shirts. Shoes too, but at least there I can blame my insanely big but insanely narrow feet. There's only two manufacturers that fit me well. Reebok, and Ferragamo. Doesn't leave much in terms of options. Ties are probably my most ridiculous splurge - but I stopped buying them years ago. Hermes mostly.

Kudos [?]: 325 [0], given: 2

Director
Joined: 07 Jun 2006
Posts: 513

Kudos [?]: 146 [6], given: 0

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06 Feb 2007, 20:32
6
KUDOS
ok - reading about all these costs made me take a potshot at Gmatt and Rhyme. Me included of course.

[/img]

Kudos [?]: 146 [6], given: 0

GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2216 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45

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06 Feb 2007, 20:40
I dont wear Armani! Loro Piana! Boss! Hermes! Ferragamo!

But, still, I love it... "weighed down by fees", LOL.

Kudos [?]: 2216 [0], given: 7

Director
Joined: 07 Jun 2006
Posts: 513

Kudos [?]: 146 [0], given: 0

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06 Feb 2007, 20:45
Armani, Giovanni, Piscatelli, walletempti, hermes, boss - yada yada, whatever, it's just details. I haven't worn any of these so I couldn't care less ;)

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VP
Joined: 29 Apr 2003
Posts: 1402

Kudos [?]: 30 [0], given: 0

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06 Feb 2007, 21:50
Hilarious!

Kudos [?]: 30 [0], given: 0

Manager
Joined: 16 Dec 2007
Posts: 198

Kudos [?]: 31 [0], given: 0

Location: San Diego,CA
Schools: Kellogg (R2), UCLA (R2)

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16 Jan 2008, 12:07
Found while searching the cost of application process. Bumping it for folks planning to apply for 09.

Kudos [?]: 31 [0], given: 0

GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5464

Kudos [?]: 409 [0], given: 14

Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming

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16 Jan 2008, 15:38
that's a good one!
_________________

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GMAT Club Knowledge Vault:
http://gmatclub.com/forum/123
http://gmatclub.com/forum/128-t62555
Kryzak's Profile:
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Member Essays:
http://gmatclub.com/forum/103-t50969

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CEO
Joined: 17 May 2007
Posts: 2945

Kudos [?]: 676 [1], given: 210

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16 Jan 2008, 16:41
1
KUDOS
This is a great one !!!!

My costs (converting everything in USD):
GMAT \$250
Books \$500
Applications (6 schools) \$1300
Lost wages during months I took off work \$40,000
Lost laptop (which got stolen while studying for gmat in the library) - \$2900

holy crap - \$44,950 ... Thats a LOT of money without a single admit to show for it.

Kudos [?]: 676 [1], given: 210

GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5464

Kudos [?]: 409 [0], given: 14

Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming

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16 Jan 2008, 17:52
yikes, that is expensive! You will get in, bsd, you will!
_________________

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GMAT Club Knowledge Vault:
http://gmatclub.com/forum/123
http://gmatclub.com/forum/128-t62555
Kryzak's Profile:
http://gmatclub.com/forum/111-t56286
Member Essays:
http://gmatclub.com/forum/103-t50969

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Current Student
Joined: 12 Nov 2007
Posts: 68

Kudos [?]: 6 [0], given: 0

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16 Jan 2008, 19:18
GMAT class: \$1000
GMAT test: \$250
Visit to Michigan Ross: \$450
Visits to Chicago GSB: \$100 in cabs to go back and forth a few times
Kellogg App: \$225
Chicago GSB App: \$200
Dry cleaning the interview suit/shirt (twice): \$30
New high heels for the interviews (that I subsequently RUINED the minute I stepped out of my apartment on my way to the Kellogg interview...GRRR...): \$100

Blood, sweat, and tears: A LOT

Grand total: \$2,355. Not that bad I guess!

Kudos [?]: 6 [0], given: 0

GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5464

Kudos [?]: 409 [0], given: 14

Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming

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16 Jan 2008, 19:51
GMAT Fee: \$250
GMAT Books: \$100 (estimate)
MBA Prep Books: \$125 (estimate)
Application Fees (Stanford, Haas, UCLA, Kellogg): \$825
Tickets to LA x 2 + Hotel: \$500
Tickets to Chicago + hotel: \$600 (estimate)
Gas to Haas and Stanford, numerous times: \$100
New suit for interview: \$150 (yeah, it was on sale at Banana)
Lost time and opportunity from July - December (minus November): Immesurable

Total Cost: \$2650

Getting admitted to UCLA right before Xmas: PRICELESS
_________________

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GMAT Club Knowledge Vault:
http://gmatclub.com/forum/123
http://gmatclub.com/forum/128-t62555
Kryzak's Profile:
http://gmatclub.com/forum/111-t56286
Member Essays:
http://gmatclub.com/forum/103-t50969

Kudos [?]: 409 [0], given: 14

GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5464

Kudos [?]: 409 [0], given: 14

Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming

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16 Jan 2008, 19:55
rhyme wrote:
Embarassing as it is... It was actually \$1400, not \$1200, I was mistaken... and its one of my cheaper suits actually.... I tend to buy Loro Piana mostly. Armani tends not to fit well on my frame. I also have a tendency to buy some pretty ridiculously priced shirts. Shoes too, but at least there I can blame my insanely big but insanely narrow feet. There's only two manufacturers that fit me well. Reebok, and Ferragamo. Doesn't leave much in terms of options. Ties are probably my most ridiculous splurge - but I stopped buying them years ago. Hermes mostly.

I *had* to quote this one... *\$1400* for a suit?! You have very expensive tastes, rhyme!
_________________

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GMAT Club Knowledge Vault:
http://gmatclub.com/forum/123
http://gmatclub.com/forum/128-t62555
Kryzak's Profile:
http://gmatclub.com/forum/111-t56286
Member Essays:
http://gmatclub.com/forum/103-t50969

Kudos [?]: 409 [0], given: 14

Manager
Joined: 19 Aug 2006
Posts: 65

Kudos [?]: 1 [0], given: 0

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16 Jan 2008, 20:28
GMAT Fee: \$250
GMAT Book: \$35
Application Fees (Chicago, Wharton, Kellogg): \$650
Tickets to Chicago x 2: \$400 (estimate)
Gas+Tolls to Wharton: \$40
New suit for interview: \$200

Total Cost: \$1575...looks like I need to spend nearly this much to fit in with Rhyme at GSB

Kudos [?]: 1 [0], given: 0

Senior Manager
Joined: 25 Jul 2007
Posts: 377

Kudos [?]: 38 [0], given: 148

Location: Times Square
Schools: Baruch / Zicklin

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16 Jan 2008, 20:33
rhyme wrote:
... I don't know where XYZ is...

It's on the 3-dimensional coordinate plane. You can plot it if you'd like. I believe Travel ranked it as the Xth Exotic place to visit for 2007.

Kudos [?]: 38 [0], given: 148

GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5464

Kudos [?]: 409 [0], given: 14

Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming

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16 Jan 2008, 22:11
burger2001 wrote:
GMAT Fee: \$250
GMAT Book: \$35
Application Fees (Chicago, Wharton, Kellogg): \$650
Tickets to Chicago x 2: \$400 (estimate)
Gas+Tolls to Wharton: \$40
New suit for interview: \$200

Total Cost: \$1575...looks like I need to spend nearly this much to fit in with Rhyme at GSB

Rhyme spent almost as much as you with his suit alone
_________________

****************************
GMAT Club Knowledge Vault:
http://gmatclub.com/forum/123
http://gmatclub.com/forum/128-t62555
Kryzak's Profile:
http://gmatclub.com/forum/111-t56286
Member Essays:
http://gmatclub.com/forum/103-t50969

Kudos [?]: 409 [0], given: 14

Director
Joined: 18 Dec 2007
Posts: 983

Kudos [?]: 136 [0], given: 10

Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010

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17 Jan 2008, 00:06
GMAT: \$250
GMAT website study: \$40
Application fees: \$875
4 Cashmere Wool Suits and 7 silk shirts all tailored and 4 silk ties - for interviews: \$300

= \$1465 - yay!!! I am a cheapskate

Kudos [?]: 136 [0], given: 10

CEO
Joined: 17 May 2007
Posts: 2945

Kudos [?]: 676 [0], given: 210

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17 Jan 2008, 00:27
toga, I need to find your tailor

togafoot wrote:
GMAT: \$250
GMAT website study: \$40
Application fees: \$875
4 Cashmere Wool Suits and 7 silk shirts all tailored and 4 silk ties - for interviews: \$300

= \$1465 - yay!!! I am a cheapskate

Kudos [?]: 676 [0], given: 210

Senior Manager
Joined: 08 Feb 2007
Posts: 407

Kudos [?]: 35 [0], given: 11

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17 Jan 2008, 01:30
GMAT = 500
GMAT Books = 200
MBA Books = 100
Trip to presentations = 300
Applications = 1250
Lost relationship = .....
Loss of friends = .....

Total = 2350 + my life

Kudos [?]: 35 [0], given: 11

Director
Joined: 18 Dec 2007
Posts: 983

Kudos [?]: 136 [0], given: 10

Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010

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17 Jan 2008, 03:24
bsd_lover wrote:
toga, I need to find your tailor

togafoot wrote:
GMAT: \$250
GMAT website study: \$40
Application fees: \$875
4 Cashmere Wool Suits and 7 silk shirts all tailored and 4 silk ties - for interviews: \$300

= \$1465 - yay!!! I am a cheapskate

I`ve posted it somewhere, but i`ll repeat it here :-

Vietnam, Hoi an, is full of tailors. Good prices for good quality clothing, Stay for a few days so that you can do the fitting and make any adjustments to the clothes to ensure they fit properly.

TO get there... Fly to da nang and get a taxi. Hoi an is a coastal area so there is a nice beach as well, plus they have their own style of cuisine. It`s quiet, and relaxing place. Great for a holiday.

Cost of trip to vietnam is not in my list because it was booked before i even realised i was going to do an MBA.

Thailand is your alternative but more expensive than Vietnam.

Kudos [?]: 136 [0], given: 10

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