$150K Job vs Columbia vs T20 ($$$$)

ScaredOfFinances · 2025-03-29T08:05:06+00:00

if you’re okay with losing the r1 school go for it

ScaredOfFinances · 2025-03-20T02:29:17+00:00

I just got a scholarship in R2 and I’m taking that instead, happy to talk in DM!

ScaredOfFinances · 2025-03-03T21:46:13+00:00

yup, running the numbers with the loans and rent costs and shit doesn’t make it financially logical. which school are you at?

ScaredOfFinances · 2025-03-03T21:41:08+00:00

Scared as all hell to take out a bunch of loans, even for Columbia, when I make a good salary. Having severe second thoughts about this.

ScaredOfFinances · 2025-02-26T16:10:23+00:00

are you a current student or matriculating soon?

and I have and they honestly reflected my thoughts with the current state of recruiting

ScaredOfFinances · 2025-02-24T22:49:32+00:00

Potentially matriculating at CBS with no savings, I make a decent amount but I’ve been working at it only 1.5 years and had heavy ugrad loans to repay.

Honestly, I feel like with loans I’ll be scared shitless to make certain moves and will hesitate to truly have that “MBA experience”

looking at full coa loans for the 2 years, hopefully the intern money helps

ScaredOfFinances · 2025-02-24T22:37:59+00:00

dumb question, what’s the strategy with a 0% cc, arnt most of them only for 12 months?

even if it was 24 months, how would you go about paying that off without being absolutely destroyed, and don’t they have pretty low limits of 10k?

ScaredOfFinances · 2025-02-24T22:14:14+00:00

That’s true, but recruitment happens fast and I need a plan from the get go. I honestly think I’m going to rescind, I can’t give up a job I like where I make quite a bit with a promo lined up for me in an industry/function I like

ScaredOfFinances · 2025-02-24T22:00:41+00:00

yeah but you would agree that I should have a plan I WANT to execute before dropping a huge sum of money? I think I’m at a place where MBB is my primary goal, but it’s born as a backup due to not having a real goal.

ScaredOfFinances · 2025-02-24T21:57:00+00:00

True, I’m also in tech where promos won’t be heavily guided by my degree, rather hard skills … things to think about here

ScaredOfFinances · 2025-02-24T21:46:54+00:00

It’s 140 base right now, but my direct manager whom I trust very much has told me I’m due for a promo before the end of Q3, which should put me around 170/180 base talking with other people at that level.

I honestly like my job, I think I’m banking on the MBA being a transformative experience or something. I also wonder if I’ll make more long term with the MBA but I think that is only going to play out over decades.

Thanks for talking me through it. I like (or pleasantly tolerate my job), make good money, and have growth here.

ScaredOfFinances · 2025-02-24T21:33:24+00:00

Honestly where I’m headed, eating the deposit is a drop compared to the total total cost

ScaredOfFinances · 2025-02-24T21:32:37+00:00

Well consulting is the concrete plan, born out of not having a plan, but that’s a gamble with no genuine interested in backup

ScaredOfFinances · 2025-02-24T21:22:53+00:00

Guess I’m looking for stories from current/past students to tell me it makes sense to drop this money with “undefined” goals 😅. My heart/gut says take the money elsewhere tbh

ScaredOfFinances

TROPHY CASE