Sunday, March 27, 2011

How much does an MBA cost: update

Here are my updated expenses to date excluding tuition. I've also excluded the cost of the victory lap through Europe this summer.

Please keep in mind that there are a ton of caveats to this given that what you spend will be impacted by your unique circumstances, and I've made some subjective calls on what to include/exclude. For example, I opted to bring very little with me and buy a set of everything when I got here, inflating my Misc expenses for the first quarter.

Food Bills Misc Total
Q1 $1,601$6,566$13,225$21,392
Q2$1,354$3,551$4,953$9,859
Q3$1,183$3,682$1,887$6,752
Summer$1,802$5,823$8,019$15,644
Q4$2,478$3,964$3,518$9,961
Q5$1,972$3,240$2,590$7,802
Total$10,391$26,826$34,193$71,410
*There are probably some rounding errors in the totals

2 comments:

  1. Thanks for putting this cost table together! I'm an incoming student, and I find this very useful. I was hoping you could answer the following questions I have about travel costs:

    1) Do you have an idea of how many students go to GIM each year, and what students do instead if they opt out of GIM?
    2) How much do the ski trips cost?

    Thanks!

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  2. Glad to hear it.

    1. I don't know what the number is, but I've heard that it varies. There are a limited number of GIM trips and spots available though, and the amount of bid points necessary for some trips is higher than others. I think that people that don't go just plan out their own Spring Break trips, either individually or with classmates.

    2. In 2009 I paid ~1100 for the package (transportation and lodging) and 50 for a 1-day ski lesson. That was on the low side because I didn't ski every day. Only other thing I had to cover was food. All told, probably no more than $1300-1400 or so.

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