Financing MBA

Cisco Peasant
Apr 3, 2018 22 Comments

When financing your MBA did you put all of your retirement, savings, and investments towards the degree? Or did you take out loans? I am not sure which is the better path to follow to graduate with no debt or to let the money grow while I am in school yet take on massive debt.

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TOP 22 Comments
  • Intel NVǀDǀA
    See the other MBA salary thread from a guy that went to Kellogg. TC is worse than most Sr. SWE. Or even junior SWE at FNG
    Apr 3, 2018 1
    • Microsoft Qoosjshh
      That was me and we clarified that most people on blind do TC including stock appreciation and planned over 4 not single year recurring which is not a good way to do comp.
      Apr 3, 2018
  • LUXLOCK / Product
    Tqdh46

    LUXLOCK Product

    BIO
    Thankful everyday I am in tech and grew up without it.
    Tqdh46more
    Take a loan on it. Way better to leverage the cash at no interest and keep the money where it is earning interest. Just call the company.. they always match a loan for the full amount.
    Apr 3, 2018 1
    • LUXLOCK / Product
      Tqdh46

      LUXLOCK Product

      BIO
      Thankful everyday I am in tech and grew up without it.
      Tqdh46more
      You pay yourself back.. your funds keep it secured.
      Apr 3, 2018
  • Amazon / Eng
    Hooliganss

    Amazon Eng

    BIO
    AWS
    Hooliganssmore
    What are you wanting from an MBA?
    Apr 3, 2018 0
  • Salesforce Mulesoft
    All of retirement, savings and investments? You're saving wrong.
    Apr 3, 2018 7
    • Cisco Peasant
      OP
      It was a general statement but what do you mean?
      Apr 3, 2018
    • Microsoft Qoosjshh
      250k when you’re 27. That’s not bad.
      Apr 3, 2018
    • Salesforce Mulesoft
      Meant you should have more savings and putting all assets into a MBA degree is not wise.
      Apr 3, 2018
    • Cisco Peasant
      OP
      I guess I'm underpaid 😕
      Apr 3, 2018
    • Microsoft Qoosjshh
      Well how much are you making.
      Apr 3, 2018
    • Cisco Peasant
      OP
      Less than 95 TC
      Apr 3, 2018
    • Microsoft Qoosjshh
      That’s ok. So mba will really help you. I was about that. Where are you attending ?
      Apr 3, 2018
  • Microsoft Qoosjshh
    I did that. Fucking worst mistake of my life. Get a loan. I liquidated all my stocks and retirement because i was afraid. I missed out on the book from 13-15 in stocks.
    Apr 3, 2018 1
    • Cisco Peasant
      OP
      When doing financial aid don't they take into account your current assets? Also, with the post-MBA salary wouldn't you be able to invest that into the market rather than pay down a loan for 10 or more years?
      Apr 3, 2018
  • New DuQvV7
    My employers always had tuition reimbursement. I paid for 2.5 masters degrees with almost no debt.

    Basically I took enough classes each year to match my reimbursement benefits.
    Apr 3, 2018 0
  • Microsoft Qoosjshh
    Hi, i didn’t Do financial aid. I just took out everything and here is mba. Yes i did invest and did ok but i missed out on the big appreciation boat from 2013 to 2015. Had i taken a modest 75k Loan and left 75k in market that 75 would be like 120K. That’s big money and that’s capital gains. If you pay a loan you can deduct your loan.
    Apr 3, 2018 2
    • Cisco Peasant
      OP
      Did you qualify for any aid other than loans?
      Apr 3, 2018
    • Microsoft Qoosjshh
      I didn’t check. I did a small friend loan for 15 because i only had about 95% of the full tuition and estimate for living expenses.
      Apr 3, 2018
  • Revinate JPQ
    Top school? Also, loans of course.
    Apr 4, 2018 0
  • Amazon / Product Ulub72
    Not all ppl on blind in tech lounge are SWE.

    Also it’s not all about the money.
    Apr 3, 2018 0
  • Microsoft Qoosjshh
    More questions - pm. Happy to share details.
    Apr 3, 2018 0

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