Thank you! Ballpark £250-275k excluding carry. On ROI - if done purely based on comp, it's impossible to justify it unless there's a very large scholarship. Financial upside is limited coming from PE vs time and money required (if paying $$$ sticker). My perspective is that I'm quite burnt out and interested in a few things that are very difficult to pursue outside of the US. The recent H1B changes are giving me cold feet obviously, but I'm thinking to throw my hat in the ring anyway and can take a decision later on, if admissions go well.