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30 Jul 2007, 21:08
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mst
haddy74
mst
with the Euro-$ conversion, the tution fee at INSEAD is just another 16K less (actually 16K used to be a lot of money for me before I started applying for MBA 
). !
). !Really...I thought that INSEAD fee was close to $66,500 whereas Kellogg fee for two year progam is close to $88,500....may be I was wrong...i used a factor of 1.37 for conversion.
The rate at which Euro is rising, I won't be surprised if the conversion rate goes up to 1.45 by the end of the year! I recently made my initial deposit using Xetrade, and the rate that was used that day was 1.39. Citibank and other banks were quoting in the range 1.41-1.43. So, I was just using a conservative rate of 1.45 for the year end and the next year.
You need a Citibank multimoney dollar account, the rates are usually a percent or two lower. Go with City Gold and you won't have to pay any monthly maintenance fees. Living outside the States, I've had to deal with all these currency conversions for the past six years and the City Multimoney/Gold combination seems to be the most stress free.
Regarding your current dilemma, if you already have a house in Chicago and your husband is a clear admit at Kellogg, then all the more reason to stay put. No need to deal with the immigration nightmares again. Besides, like I mentioned before, if you also got accepted at INSEAD, then most likely you stand a very good chance at Kellogg as well. As long as your husband chooses to work in the area post MBA, you two would just be a year (or two if you had to reapply) apart and sitting pretty.
31 Jul 2007, 02:56
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mst
Aah, don't you need to have some really-really huge deposit for the Citigold account thingie?
Heck no, you just need to show proof that your annual income is over $40K.
