How the F am I supposed to even begin to afford this?

[TheoPetro]

So I planned on taking a year off between completing my undergrad and starting my MBA. Im graduating in May so I started looking at MBA programs and holy hell are they expensive. For a 2 year degree going part time its like 69k for just the courses. Tack on another 4k for books and materials and youre at about 73k. My whole undergrad cost around 50.

4 years of undergrad (finance major, math minor)= 50k
2 years of grad (looking @ strategic management) = 74k

I paid my way through the undergrad but I dont have ANY idea where the hell im supposed to find 74k in 2 years. I would rather not get student loans for this.

Any GOOD ideas on where to find some $ to finance this?

Edit:

I forgot to mention I have been working throughout my undergrad degree (~4 years). When entering my MBA program I will have ~5 years experience in business with 2 in an accounting/finance role and 1 in a strategic management type role. Thats how I afforded to pay for my undergrad.

 

[Deeko]

student loans? company reimbursement?

 

[MrChad]

Employer reimbursement?

 

[bananapeel42]

stop being a pussy and going to school and get a job.

 

[joesmoke]

something illegal. sell drugs or your body for profit.

bake sale

also you could donate a lot of blood/semen, preferrably not mixed.

 

[skim milk]

loans usually

 

[Cheesetogo]

Originally posted by: TheoPetro
So I planned on taking a year off between completing my undergrad and starting my MBA. Im graduating in May so I started looking at MBA programs and holy hell are they expensive. For a 2 year degree going part time its like 69k for just the courses. Tack on another 4k for books and materials and youre at about 73k. My whole undergrad cost around 50.

4 years of undergrad = 50k
2 years of grad = 74k

I paid my way through the undergrad but I dont have ANY idea where the hell im supposed to find 74k in 2 years. I would rather not get student loans for this.

Any GOOD ideas on where to find some $ to finance this?

What about a public in-state school? You should be able to do it for <$10k a semester if you go that route. I just checked my school (Penn State), and an MBA comes out to $9800 a semester with in state tuition.

 

[WaTaGuMp]

Get degree file for bankruptcy then profit.

 

[rudeguy]

How do you feel about escorting men around town? I heard that is a great way to make some quick easy cash.

 

[summit]

you need work experience for your mba.

 

[thegimp03]

You should work a few years first before going back to school and save the cash. Plus, good employers will usually either comp. the whole amount if it's benefitting them directly, or they will at least put some money towards it to help.

Why do you want to get your MBA right after finishing Undergrad anyways? Most people who go to the top programs are 26-29 years old and already have at least 4-5 years of practical work experience. If you go do an MBA right now, you're not going to get near the value out of it as if you were to wait a few years.

 

[WaTaGuMp]

Originally posted by: NSFW
How do you feel about escorting men around town? I heard that is a great way to make some quick easy cash.

Any requirements to this job?

 

[ggnl]

Just pick a more affordable MBA program. They're not all that expensive.

 

[Capt Caveman]

Originally posted by: thegimp03
You should work a few years first before going back to school and save the cash. Plus, good employers will usually either comp. the whole amount if it's benefitting them directly, or they will at least put some money towards it to help.

Why do you want to get your MBA right after finishing Undergrad anyways? Most people who go to the top programs are 26-29 years old and already have at least 4-5 years of practical work experience. If you go do an MBA right now, you're not going to get near the value out of it as if you were to wait a few years.

:thumbsup:

 

[joesmoke]

Originally posted by: WaTaGuMp

Originally posted by: NSFW
How do you feel about escorting men around town? I heard that is a great way to make some quick easy cash.

Any requirements to this job?

are you familiar with the term "behymen"?

 

[looker001]

Get a job first and have them reimburse you for MBA. What did you do your undergraduate in?

 

[TheoPetro]

As far as the experience posts, I edited the OP. Sorry I forgot to mention that in the first place.

 

[WaTaGuMp]

Originally posted by: joesmoke

Originally posted by: WaTaGuMp

Originally posted by: NSFW
How do you feel about escorting men around town? I heard that is a great way to make some quick easy cash.

Any requirements to this job?

are you familiar with the term "behymen"?

I am not plz elaborate.

 

[TheoPetro]

Originally posted by: looker001
Get a job first and have them reimburse you for MBA. What did you do your undergraduate in?

see edited OP

 

[ggnl]

Originally posted by: joesmoke

Originally posted by: WaTaGuMp

Originally posted by: NSFW
How do you feel about escorting men around town? I heard that is a great way to make some quick easy cash.

Any requirements to this job?

are you familiar with the term "behymen"?

I'm guessing it's far less awesome than "dehymen".

 

[sactoking]

Go to a less expensive school. Ohio State, for a resident, is $47,277. Or go part time. UCLA part time is $30,000 AND you can work and make money.

I work, make pretty nice money, and will get my degree from a top-20 school for ~$15,000.

B-school is only atrociously expensive if you get sucked into the worthless black hole of "Top-10 full time programs".

 

[Blieb]

Originally posted by: WaTaGuMp
Get degree file for bankruptcy then profit.

You have to transfer the student loan debt off to credit cards. Then let them cool for a little while before doing this ...

I hear that is the new tactic!

 

[ShockwaveVT]

Originally posted by: TheoPetro
So I planned on taking a year off between completing my undergrad and starting my MBA. Im graduating in May so I started looking at MBA programs and holy hell are they expensive. For a 2 year degree going part time its like 69k for just the courses. Tack on another 4k for books and materials and youre at about 73k. My whole undergrad cost around 50.

4 years of undergrad = 50k
2 years of grad = 74k

I paid my way through the undergrad but I dont have ANY idea where the hell im supposed to find 74k in 2 years. I would rather not get student loans for this.

Any GOOD ideas on where to find some $ to finance this?

Edit:

I forgot to mention I have been working throughout my undergrad degree (~4 years). When entering my MBA program I will have ~5 years experience in business with 2 in an accounting/finance role and 1 in a strategic management type role. Thats how I afforded to pay for my undergrad.

1. Don't go to a private school if you can't afford it.
or
2. Take out some big student loans.
or
3. Work a few years and save up.

I recommend #3.

Also, many MBA programs require x years of post-undergrad experience. Not sure how much part-time intern type work during undergrad would be considered. Be sure you qualify for the program(s) you're interested in before worrying about things like "where am I going to come up with 72k in 2 years without loans" lol

MBA's are intended for people who have put their time in at entry-level and/or lower tier management and have the experience necessary to move up into middle/upper management, but just need to expand their management skill set.

 

[TheoPetro]

Originally posted by: Blieb

Originally posted by: WaTaGuMp
Get degree file for bankruptcy then profit.

You have to transfer the student loan debt off to credit cards. Then let them cool for a little while before doing this ...

I hear that is the new tactic!

I would need a shit ton of credit available to me to do this. It probably woulda worked for an undergrad that cost like 40-50k but I dont think I can get 75k in credit right now.

 

[RKS]

University of Phoenix? Does ITT or DeVry offer any classes?