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Finances - savings

This topic has 2 expert replies and 3 member replies
futjim Junior | Next Rank: 30 Posts Default Avatar
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Test Date:
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Target GMAT Score:
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GMAT Score:
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Finances - savings

Post Sun Jun 20, 2010 2:04 pm
Dear all,

Not sure whether it is a taboo topic here or not but I was wondering if any present and/or past MBA students can tell me how much money (approximate figure) you saved going into your MBA program.

I'm asking because I'm aiming to go to an MBA program in the states and I'm not sure how much money to save. I'm saving as much as I can but I'm just wondering if my 'as much as I can' is really enough. My goal for next year is around 30K USD. Is that enough? More than enough? I guess this will depend on the program and the state that I'll be in.

Any info would be greatly appreciated!

Cheers,
futjim

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Michael@VeritasPrep Master | Next Rank: 500 Posts
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Post Sat Nov 14, 2015 7:17 pm
Having 30k saved going into business school is pretty good. I assume you'll augment that with student loans? 30k should cover most of your living expenses depending on where you end up going to school. Plus you can use the funds for trips for networking or interviews that aren't on campus. Good luck!

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Michael@VeritasPrep Master | Next Rank: 500 Posts
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Post Sat Nov 14, 2015 8:13 pm
I would say you are on the right track. Having 30k saved going into business school is pretty good. I assume you'll augment that with student loans? 30k should cover most of your living expenses depending on where you end up going to school. Plus you can use the funds for trips for networking or interviews that aren't on campus. Good luck!

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Michael@VeritasPrep Master | Next Rank: 500 Posts
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Post Sat Nov 14, 2015 7:17 pm
Having 30k saved going into business school is pretty good. I assume you'll augment that with student loans? 30k should cover most of your living expenses depending on where you end up going to school. Plus you can use the funds for trips for networking or interviews that aren't on campus. Good luck!

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Michael@VeritasPrep Master | Next Rank: 500 Posts
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Post Sat Nov 14, 2015 8:13 pm
I would say you are on the right track. Having 30k saved going into business school is pretty good. I assume you'll augment that with student loans? 30k should cover most of your living expenses depending on where you end up going to school. Plus you can use the funds for trips for networking or interviews that aren't on campus. Good luck!

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Noelhanssens Newbie | Next Rank: 10 Posts
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Post Sun May 13, 2012 10:14 pm
I've saved up for my course, but I also found that accruing paid leave from work is an excellent way to save money. I took minimal leave in the two years leading up to my MBA and found it a nice nest egg to supplement my savings.

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