Top Business/Party Schools Subscribe To The 'Gotta Spend Money To Make Money' Model

According to Bloomberg, the money you're blowing on a trip to Ibiza now will pay off with a higher salary later.
Author:
Updated:
Original:

Feeling slightly squeamish about the idea of spending over $16,000 per year, on top of 60-70k in tuition/room/board, when you don't have a job? Remember, those tickets to Munich for Oktoberfest/Park City for weekend ski trips/Thailand for spring break/Las Vegas for the f*ck of it are an investment in your future.

With B-school networking events often linked to eating, drinking, and traveling well, the line between socializing and seizing career-making opportunities can blur. It's clear, though, that spending a lot during your MBA program won't hurt you: The B-schools where students burn though the most discretionary cash are also the ones that graduate students with the highest starting salaries, according to Bloomberg data...The typical Columbia student spends $14,400 per year on nonessential items, according to research by Bloomberg. At Harvard Business School, the MBA program where the median spending on extras is highest, that number was $16,290.

The High Cost of Networking at Business School [Bloomberg]

Related

News

Let’s Exchange Heated Words Over: Business School Rankings

US News has regaled us with its annual ranking of the top business schools. I know you need a safe space to get huffy about perceived slights (be it your MBA program being lower than you believe is accurate or by having to suffer the indignity of an inferior institution being too close on the list), so let it out here and now.

News

Business School Applicants Having None Of This "Show Us You Can Speak Without Paying A Consultant $500 To Show You How" Crap

After years of receiving scripted answers to questions from would-be business school students re: why they want to go to Harvard/Wharton/Stanford/Sloan or what they think of a company's earnings potential or where they see themselves in five to ten years or what they ate for breakfast, admissions officers have lately been taking a new tack in an attempt to see the "real" side of applicants. Hoping to get a little "unrehearsed honesty" and insight into who these people really are, prospective students are being asked to submit "reflections" ("a short, off-the-cut note that must be submitted within 24 hours of an admissions interview") and take part in "team-based discussions," for which they're told to "relax, be genuine," not worry about giving the "right" answer, and just say what they really think, rather than what a coach told them to say they think. Unfortunately, Harvard and Wharton officials apparently have no idea who they're dealing with here. You can't make future b-school students relax and be genuine! You can't! You won't!