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Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
19 Jul 2021, 14:25
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Hello there,
I have a very silly question. Following is a screenshot of tuition and expenses table from MIT Sloan Fellow MBA page.
I want to understand what is this cell Computer and Transportation? If someone brings his/her own car & laptop, does still that person need to pay for these expenses ?
Computer = $2000 ? Latest Mac-book pro costs~ $1300-1500
Thanks,
I tagged bb so that post doesn't go unnoticed
I have a very silly question. Following is a screenshot of tuition and expenses table from MIT Sloan Fellow MBA page.
Attachment:
Screen Shot 2021-07-19 at 5.18.43 PM.png
I want to understand what is this cell Computer and Transportation? If someone brings his/her own car & laptop, does still that person need to pay for these expenses ?
Computer = $2000 ? Latest Mac-book pro costs~ $1300-1500
Thanks,
I tagged bb so that post doesn't go unnoticed
Archived Sloan (MIT) Discussion
Hi there,
You've stumbled upon an old discussion from our Sloan (MIT) Forum
that's now outdated and has been archived. No more replies are possible here.
Interested in current discussions? Feel free to dive into our dedicated Sloan (MIT) Forum
for all fresh things related to the Sloan (MIT) MBA program.
Thank you for understanding, and happy exploring!
19 Jul 2021, 17:51
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This is a recommended budget for the program. The line items don’t matter. You can spend however much you want on the computer or transportation or rent or food. It’s pretty standard to put in 1500 or 2000 for a computer. It’s been that probably for the last 20 years. You buy a computer for 1500, pay 10% tax on top of that, buy a nice bag and potentially a cheap iPad and there you go. But nobody’s forcing you to buy anything specific. You can buy worlds cheapest computer for 80 bucks as long as you can do schoolwork that’s required of you.
However, what I appreciate about this budget is that it has those items and therefore it is bigger because when you try to borrow money, this is the budget that the lenders consider. It is nice when programs put some extra money into the budget because you will always need more.
I don’t recommend getting a car during the student years unless you have one already. In Boston it will be pretty expensive to park, pay for gasoline and insurance. This transportation budget actually assumes you’re traveling to Boston and then flying back home in the winter. This isn’t a bus pass but a cost of airfare.
I can tell you that most business school students will end up spending 5 to 10 times that amount on travel, hotels, trips, etc during business school. Last year being the only exception when nobody was traveling, but usually there are trips to Vegas, trips for recruiting, trips for a wedding, trips for viewing the northern lights in Iceland, whatever you can come up with, there is a trip and somebody’s going.
Anyway, the bigger the budget the better.
Posted from my mobile device
However, what I appreciate about this budget is that it has those items and therefore it is bigger because when you try to borrow money, this is the budget that the lenders consider. It is nice when programs put some extra money into the budget because you will always need more.
I don’t recommend getting a car during the student years unless you have one already. In Boston it will be pretty expensive to park, pay for gasoline and insurance. This transportation budget actually assumes you’re traveling to Boston and then flying back home in the winter. This isn’t a bus pass but a cost of airfare.
I can tell you that most business school students will end up spending 5 to 10 times that amount on travel, hotels, trips, etc during business school. Last year being the only exception when nobody was traveling, but usually there are trips to Vegas, trips for recruiting, trips for a wedding, trips for viewing the northern lights in Iceland, whatever you can come up with, there is a trip and somebody’s going.
Anyway, the bigger the budget the better.
Posted from my mobile device
10 Jul 2023, 09:35
Kudos
Bookmarks
Archived Sloan (MIT) Discussion
Hi there,
You've stumbled upon an old discussion from our Sloan (MIT) Forum
that's now outdated and has been archived. No more replies are possible here.
Interested in current discussions? Feel free to dive into our dedicated Sloan (MIT) Forum
for all fresh things related to the Sloan (MIT) MBA program.
Thank you for understanding, and happy exploring!
