Last visit was: 19 Nov 2025, 17:05 It is currently 19 Nov 2025, 17:05
Home
GMAT
Messages
Tests
Schools
Events
Rewards
Chat
My Profile
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
GMATT73
User avatar
Joined: 29 Jan 2005
Last visit: 28 Dec 2011
Posts: 2,877
Own Kudos:
1,256
Posts: 2,877
Kudos: 1,256
Cha-Ching! Add it up! 04 Feb 2007, 05:02
Kudos
Add Kudos
Bookmarks
Bookmark this Post
rhyme
GMATT73
fluffydot


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.
Show more


That figure does not include mortgage costs.
User avatar
FN
User avatar
Current Student
Joined: 28 Dec 2004
Last visit: 07 May 2012
Posts: 1,576
Own Kudos:
675
Given Kudos: 2
Location: New York City
Concentration: Social Enterprise
Schools:Wharton'11 HBS'12
Posts: 1,576
Kudos: 675
Cha-Ching! Add it up! 04 Feb 2007, 10:02
Kudos
Add Kudos
Bookmarks
Bookmark this Post
you should fit well in the i-banking world
...at least dress wise :)

rhyme
Xeo78
rhyme
Don't feel bad about your costs. Here's my rough total.

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? :wink:

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.
Show more
User avatar
necromonger
User avatar
Joined: 07 Jun 2006
Last visit: 06 Mar 2010
Posts: 458
Own Kudos:
222
 [1]
Posts: 458
Kudos: 222
 [1]
Cha-Ching! Add it up! 06 Feb 2007, 20:32
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
ok - reading about all these costs made me take a potshot at Gmatt and Rhyme. Me included of course.

[/img]
User avatar
rhyme
User avatar
Major Poster
Joined: 05 Apr 2006
Last visit: 02 Dec 2024
Posts: 5,909
Own Kudos:
3,172
Given Kudos: 7
Affiliations: HHonors Diamond, BGS Honor Society
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE:Business Development (Consumer Packaged Goods)
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
Posts: 5,909
Kudos: 3,172
Cha-Ching! Add it up! 06 Feb 2007, 20:40
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I dont wear Armani! Loro Piana! Boss! Hermes! Ferragamo!

But, still, I love it... "weighed down by fees", LOL.
User avatar
necromonger
User avatar
Joined: 07 Jun 2006
Last visit: 06 Mar 2010
Posts: 458
Own Kudos:
222
Posts: 458
Kudos: 222
Cha-Ching! Add it up! 06 Feb 2007, 20:45
Kudos
Add Kudos
Bookmarks
Bookmark this Post
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 ;)
User avatar
sm176811
User avatar
Joined: 29 Apr 2003
Last visit: 13 Jul 2008
Posts: 1,038
Own Kudos:
94
Posts: 1,038
Kudos: 94
Cha-Ching! Add it up! 06 Feb 2007, 21:50
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Hilarious!
User avatar
Travel09
User avatar
Joined: 16 Dec 2007
Last visit: 21 Jun 2010
Posts: 192
Own Kudos:
36
Location: San Diego,CA
Schools:Kellogg (R2), UCLA (R2)
Posts: 192
Kudos: 36
Cha-Ching! Add it up! 16 Jan 2008, 12:07
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Found while searching the cost of application process. Bumping it for folks planning to apply for 09.
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Cha-Ching! Add it up! 16 Jan 2008, 15:38
Kudos
Add Kudos
Bookmarks
Bookmark this Post
that's a good one!
User avatar
bsd_lover
User avatar
Joined: 17 May 2007
Last visit: 15 Mar 2020
Posts: 2,432
Own Kudos:
1,735
 [1]
Given Kudos: 210
Posts: 2,432
Kudos: 1,735
 [1]
Cha-Ching! Add it up! 16 Jan 2008, 16:41
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
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.
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Cha-Ching! Add it up! 16 Jan 2008, 17:52
Kudos
Add Kudos
Bookmarks
Bookmark this Post
yikes, that is expensive! You will get in, bsd, you will!
User avatar
ApolloLuna
User avatar
Current Student
Joined: 12 Nov 2007
Last visit: 13 Oct 2008
Posts: 68
Own Kudos:
6
Posts: 68
Kudos: 6
Cha-Ching! Add it up! 16 Jan 2008, 19:18
Kudos
Add Kudos
Bookmarks
Bookmark this Post
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!
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Cha-Ching! Add it up! 16 Jan 2008, 19:51
Kudos
Add Kudos
Bookmarks
Bookmark this Post
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 :P
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Cha-Ching! Add it up! 16 Jan 2008, 19:55
Kudos
Add Kudos
Bookmarks
Bookmark this Post
rhyme
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.
Show more

I *had* to quote this one... *$1400* for a suit?! You have very expensive tastes, rhyme! :P
User avatar
burger2001
User avatar
Joined: 19 Aug 2006
Last visit: 31 Mar 2015
Posts: 65
Own Kudos:
1
Posts: 65
Kudos: 1
Cha-Ching! Add it up! 16 Jan 2008, 20:28
Kudos
Add Kudos
Bookmarks
Bookmark this Post
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 8-)
User avatar
TimeSquareDesi
User avatar
Joined: 25 Jul 2007
Last visit: 07 Feb 2011
Posts: 375
Own Kudos:
39
Given Kudos: 148
Location: Times Square
Schools:Baruch / Zicklin
Posts: 375
Kudos: 39
Cha-Ching! Add it up! 16 Jan 2008, 20:33
Kudos
Add Kudos
Bookmarks
Bookmark this Post
rhyme

... I don't know where XYZ is...
Show more


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.

:lol:
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Cha-Ching! Add it up! 16 Jan 2008, 22:11
Kudos
Add Kudos
Bookmarks
Bookmark this Post
burger2001
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 8-)
Show more

Rhyme spent almost as much as you with his suit alone :P
User avatar
togafoot
User avatar
Current Student
Joined: 18 Dec 2007
Last visit: 29 Jul 2014
Posts: 983
Own Kudos:
145
Given Kudos: 10
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Posts: 983
Kudos: 145
Cha-Ching! Add it up! 17 Jan 2008, 00:06
Kudos
Add Kudos
Bookmarks
Bookmark this Post
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
User avatar
bsd_lover
User avatar
Joined: 17 May 2007
Last visit: 15 Mar 2020
Posts: 2,432
Own Kudos:
1,735
Given Kudos: 210
Posts: 2,432
Kudos: 1,735
Cha-Ching! Add it up! 17 Jan 2008, 00:27
Kudos
Add Kudos
Bookmarks
Bookmark this Post
toga, I need to find your tailor :)


togafoot
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
Show more
User avatar
adcxaway
User avatar
Joined: 08 Feb 2007
Last visit: 13 Dec 2014
Posts: 404
Own Kudos:
36
Given Kudos: 11
Posts: 404
Kudos: 36
Cha-Ching! Add it up! 17 Jan 2008, 01:30
Kudos
Add Kudos
Bookmarks
Bookmark this Post
GMAT = 500
GMAT Books = 200
MBA Books = 100
Trip to presentations = 300
Applications = 1250
Lost relationship = .....
Loss of friends = .....

Total = 2350 + my life
User avatar
togafoot
User avatar
Current Student
Joined: 18 Dec 2007
Last visit: 29 Jul 2014
Posts: 983
Own Kudos:
145
Given Kudos: 10
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Posts: 983
Kudos: 145
Cha-Ching! Add it up! 17 Jan 2008, 03:24
Kudos
Add Kudos
Bookmarks
Bookmark this Post
bsd_lover
toga, I need to find your tailor :)


togafoot
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
Show more

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.
   1   2   3   4   5   6   7