Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2310:00 AM EDT
-10:30 AM EDT
Admissions committees evaluate the GMAT/GRE in context — your background, your representation in the applicant pool, the strength of everything else in your file. The same score works for one candidate and falls short for another with identical numbers.
Apr 2312:00 PM PDT
-01:00 PM PDT
Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
Apr 2408:30 PM IST
-09:30 PM IST
Join us for a Live Coffee chat with Jenifer Turtschanow where we talk about enhancing your MBA profile and fixing gaps in just 4 months.
Apr 2511:00 AM EDT
-01:00 PM EDT
Looking to secure a coveted spot at a top business school? Our team of seasoned MBA admissions consultants, including top B schools alumni and industry leaders, is here to help turn your dreams into reality. Let’s kick-start your journey to success!
22 May 2018, 09:18
Kudos
Bookmarks
Hi guys,
I've learned a lot from these forums about the application process, and I've finally gotten into a b-school; now I 'd love thoughts on whether I am making a crazy financial decision. I know this is a major risk/investment like other things in life, but I just need someone who can look at the numbers and flag whether this is clearly a bad (or good) decision.
Current Salary: 80k in nonprofit-- prob 2% increase a year
Current Savings: 35k
Current 401k: 40k
Current Undergrad debt: 55k (10k in fed, 45 in private)
Got into a top 15 school (think Yale, Ross, Stern) and I'm planning to go into management consulting.
What story do the numbers tell?
I've learned a lot from these forums about the application process, and I've finally gotten into a b-school; now I 'd love thoughts on whether I am making a crazy financial decision. I know this is a major risk/investment like other things in life, but I just need someone who can look at the numbers and flag whether this is clearly a bad (or good) decision.
Current Salary: 80k in nonprofit-- prob 2% increase a year
Current Savings: 35k
Current 401k: 40k
Current Undergrad debt: 55k (10k in fed, 45 in private)
Got into a top 15 school (think Yale, Ross, Stern) and I'm planning to go into management consulting.
What story do the numbers tell?
GoBlueGrad
Joined: 06 Oct 2015
Last visit: 23 Feb 2020
Posts: 22
Own Kudos:
Given Kudos: 6
Location: United States
Concentration: Marketing
Schools: Ross '18 (M$)
GMAT 1: 730 Q48 V42
GPA: 3.52
WE:Consulting (Consulting)
Products:
22 May 2018, 10:53
Kudos
Bookmarks
Do you want to work as a consultant or for a nonprofit? The numbers will work out if you allow yourself a long enough payback period, but that really shouldn't be your focus. How would you rather spend your time? Which career is more exciting for you? This decision should have much less to do with ROI than with happiness.
24 May 2018, 04:13
Kudos
Bookmarks
Good point; I want to eventually transition into social impact and int development (social impact consulting was high on my list but pay out of school seems low and I worry about the debt). So I've resigned myself to working for profit for experience and money and transitioning back to social impact later.
I don't mean to reduce this to just a financial ROI; i just wanted to get a sense of if my debt levels are way too high to enjoy life at all.
I don't mean to reduce this to just a financial ROI; i just wanted to get a sense of if my debt levels are way too high to enjoy life at all.
