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Whats the Cost of MBA to You?

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siddharth111nov
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Whats the Cost of MBA to You? [#permalink] New post   04 Jun 2018, 09:44
Hi,

While researching about the MBA, one thing that seems hard to ignore is the cost. I have simple straight forward questions to you, it's okay if you want to be anonymous.

1. What's the cost of your MBA? include fee+cost of living+expenses, just a rough number

2. How are you financing it? Loans, savings, scholarship

3. Break even or time of recovery in years?

I just want to get an idea of cost, as the saying goes, it all comes down to numbers ?

Thanks and Best Wishes

Sid
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abhimahna
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Re: Whats the Cost of MBA to You? [#permalink] New post   04 Jun 2018, 10:03
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Hey siddharth111nov ,

I am happy to help!

1. What's the cost of your MBA? include fee+cost of living+expenses, just a rough number --> Most of the top schools mention the cost for the entire program to be $180k-$220k

2. How are you financing it? Loans, savings, scholarship --> It depends. Some get 100% scholarships, some get less. Some have their own savings and some get loans. Most of the applicants use the combination of two or three. For example, I am using all three to finance my MBA this year.

3. Break even or time of recovery in years? --> It depends on the financing organization. Some allow 20 years of recovering and some allow more. Some could also allow less but 20 is the nominal, I believe.

I hope that helps. :-)
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Narenn
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Re: Whats the Cost of MBA to You? [#permalink] New post   04 Jun 2018, 11:07
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I think abhimahna answered most of your questions in detail. I just want to direct you to one of our topics that shows actual figures of expenses at different business schools https://gmatclub.com/forum/actual-cost- ... 62691.html
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siddharth111nov
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Re: Whats the Cost of MBA to You? [#permalink] New post   05 Jun 2018, 02:19
Thanks for the info but 20 years payoff time is almost like buying a house.
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Re: Whats the Cost of MBA to You? [#permalink]
05 Jun 2018, 02:19

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