I just saw that the fees at Stanford are going up - to $57,300 per year.
They're estimating that a single person living on campus, who takes no study trip will be out over $90k for their first year, including expenses, making the whole program near closer to $200k.
I have no doubt this pays investment will pay off in a few years - but really, how do people even come up with the initial capital for these expensive programs? Loans only go so far.
Stanford MBA Tuition Going Up
Posted Feb 14, 2013 14:08
They're estimating that a single person living on campus, who takes no study trip will be out over $90k for their first year, including expenses, making the whole program near closer to $200k.
I have no doubt this pays investment will pay off in a few years - but really, how do people even come up with the initial capital for these expensive programs? Loans only go so far.
Posted Feb 14, 2013 16:10
My guess is that most students cover most of the cost with loans. $180k seems quite straightforward. http://www.gsb.stanford.edu/finaid/types/federal_loans.html
Posted Feb 15, 2013 14:19
According to Businessweek, the average post-graduation loan debt for Stanford grads is around $84k. I'm guessing that the rest is made up from scholarships (the average student gets around $24k) and savings.
Posted Mar 22, 2013 13:19
Scholarships are given to a really high percentage of students. Here are some info from several schools:
- Simon School of Business:
http://simon.rochester.edu/programs/full-time-mba/tuition-financial-aid/scholarships/index.aspx
- Tepper School of Business
http://tepper.cmu.edu/mba/tuition-financial-aid/index.aspx
- Olin Business School: http://www.olin.wustl.edu/ACADEMICPROGRAMS/MBA/TUITIONFINANCIALAID/Pages/default.aspx
- Simon School of Business:
http://simon.rochester.edu/programs/full-time-mba/tuition-financial-aid/scholarships/index.aspx
- Tepper School of Business
http://tepper.cmu.edu/mba/tuition-financial-aid/index.aspx
- Olin Business School: http://www.olin.wustl.edu/ACADEMICPROGRAMS/MBA/TUITIONFINANCIALAID/Pages/default.aspx
Posted Apr 02, 2013 16:40
They're estimating that a single person living on campus, who takes no study trip will be out over $90k for their first year, including expenses, making the whole program near closer to $200k.
I'm not worried. Even though it sounds like a lot a grad would make that back in two or three years. Loans all the way!
I'm not worried. Even though it sounds like a lot a grad would make that back in two or three years. Loans all the way!
Posted Apr 03, 2013 15:14
Even though it sounds like a lot a grad would make that back in two or three years. Loans all the way!
Unless you're working in a field like clean teach and are at the very bottom of the salary range. Last year there was at least one person who was hired at $35k/year, according to Stanford's employment report!
And the low end of the finance salary range was $20k. Hopefully that person got some stock options or something...
Unless you're working in a field like clean teach and are at the very bottom of the salary range. Last year there was at least one person who was hired at $35k/year, according to Stanford's employment report!
And the low end of the finance salary range was $20k. Hopefully that person got some stock options or something...
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