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Kellogg ($$$$) vs CBS ($$$)

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I think if you want to be on the east coast and New York and it is only $20K in tuition, it is a pretty easy choice. $40K/year will not save anyone or get you even a minivan these days.

At the same time, you will likely have a bit more to spend to live in the City but having family nearby is helpful as a support and a network. If you prefer to be there and you are looking Finance jobs, $40K is not the material difference be worried about, at the same time, it is not like you will get handed a job... so you will still have to compete against quite a few folks for those best spots. You will have more opportunities, but even higher chances are not a guarantee.