GMAT - Material

[1superman]

1 hour ago, kasi said:

bro future plans enti????

i meant ur future roadmap

Part time MBA chesi, executive level job techukodam..

[1superman]

1 hour ago, tennisluvr said:

Pro nenu cheppedi part time MBA ne man. Adi kooda top 10 universities lo ekkada $150k ki takkuva ledu. 

top Univ lo chesthe, executive level jobs mostly vasthai, alanti jobs ki signup bonus easy ga 30k-40K vuntai ani vina and there after pay kuda manchigne vuntadi kada 

[Batman_fan]

33 minutes ago, 1superman said:

top Univ lo chesthe, executive level jobs mostly vasthai, alanti jobs ki signup bonus easy ga 30k-40K vuntai ani vina and there after pay kuda manchigne vuntadi kada 

Not 30-40 but some 15-20K. But more than that you will have more doors open at every level. You can move to Finance, Strategy, operations so on and don't have to stay in IT. 

[tennisluvr]

41 minutes ago, 1superman said:

top Univ lo chesthe, executive level jobs mostly vasthai, alanti jobs ki signup bonus easy ga 30k-40K vuntai ani vina and there after pay kuda manchigne vuntadi kada 

H1B visa meeda risk man. There's no shortage of management graduates in the US, why would they prefer you over them? Adi cheppu first. 

Tech field ante edo shortage undi ani cheppi they have flooded the market with H1Bs, H4 EAD aunties etc. Not the same is the case with management field right. But then of course if you can get a good management consulting gig after your MBA you are right you can make enough to pay it all within 2 years. Management consulting lo try cheyyi man like Boston Consulting Group, McKinsey, Bain etc andulo you can make up to 200k to start with. 

[tennisluvr]

5 minutes ago, Batman_fan said:

Not 30-40 but some 15-20K. But more than that you will have more doors open at every level. You can move to Finance, Strategy, operations so on and don't have to stay in IT. 

That's a big motivation for a lot of people. Halwa bhai @Android_Halwa, no more working with chemata scent desi vuncles and H4 ead aunties. Idi choodu bhayya, neekoka different option. 

[aviator]

5 hours ago, tennisluvr said:

I had a plan to apply this year bro but you know the investment is around $150k for a good school. Loan lekapothey nadavadu paristithi. Edo MAVNI through chitijensheep dorikithey atleast ikkada untamanna confidence toh loan teesukunevadini. 

Ippudu ee immigration uncertainty toh chesi taravata kooda H1B meede undipothey jobs rakapothey aa $150k ki nenu nannu ammukovali man. Plus GMAT score is good for 5 years right, andukey future lo apply cheddamani postpone chesukunna for now. 

agree. i was considering an EMBA as well from either Stern or Wharton as they are close to where i am.

but because of the same reasons, i backed out for now. I did not apply for MAVNI though. 

Even if you want to do it with all the h1 uncertainty, getting a 150K loan on H1B is not an easy task

[Batman_fan]

2 hours ago, tennisluvr said:

Evari take varidi bhayya. May be you have a lot of money to throw around, naaku oka pani chesthey daani meeda ROI chaala important. If the ROI takes me 10 years due to things beyond my control(status, visa issues etc) I would rather wait till those uncertainties are put to rest before embarking on such an adventure.  

ROI doesn't take 10 years. It just takes 4-5 years or even less in PT. PT, max fee is 125K in top 10. You will get 16K as tax returns as part of lifelong learning. and 15-20K average sign-on bonus. And you get 135-140K starting salary which is 20K more than your current pay if you are in IT. Most importantly a position as Manager. 

Added: All this without giving up your h1 status, gc process and income. But need to be very careful while in H1B. Cannot travel, cannot take hasty decisions and need to work like dog to keep the job in the location where we want to do PT MBA.

[aviator]

7 minutes ago, Batman_fan said:

ROI doesn't take 10 years. It just takes 4-5 years or even less. PT, max fee is 125K in top 10. You will get 16K as tax returns as part of lifelong learning. and 15-20K average sign-on bonus. And you get 135-140K starting salary which is 20K more than your current pay if you are in IT. Most importantly a position as Manager.

how can you claim 16K for LTC? i thought it was capped at 2K?

[Batman_fan]

1 minute ago, aviator said:

how can you claim 16K for LTC? i thought it was capped at 2K?

I take it back. I thought it is 4K. All PT programs extend for 4 years. 2 full years and 1 fall and 1 spring minimum for 2 different years. So total is 8K. Not 16K.

[aviator]

4 minutes ago, Batman_fan said:

I take it back. I thought it is 4K. All PT programs extend for 4 years. 2 full years and 1 fall and 1 spring minimum for 2 different years. So total is 8K. Not 16K.

what 4k uncle. this is directly from IRS https://www.irs.gov/publications/p970/ch03.html

 

capped at 2K and you cant even claim the credit if your AGI is 130k for joint filing or 65k for single which almost all of us will exceed. So you cant even claim the 2k.

Also the average EMBA cost will be upwards of 150K easily. Don't just count tuition. there are other things that go into it

 

[Batman_fan]

14 minutes ago, aviator said:

agree. i was considering an EMBA as well from either Stern or Wharton as they are close to where i am.

but because of the same reasons, i backed out for now. I did not apply for MAVNI though. 

Even if you want to do it with all the h1 uncertainty, getting a 150K loan on H1B is not an easy task

Why do we need to take 150K loan? Even if we earn just 100K pa, it is sufficient enough to pay the PT fee. You will need to pay max of 15K per sem, which is equivalent to 4K per month. If you do the math, max loan you need is 30K. If you are working in US, you must have saved that 30K easily.  

[Batman_fan]

8 minutes ago, aviator said:

what 4k uncle. this is directly from IRS https://www.irs.gov/publications/p970/ch03.html

 

capped at 2K and you cant even claim the credit if your AGI is 130k for joint filing or 65k for single which almost all of us will exceed. So you cant even claim the 2k.

Also the average EMBA cost will be upwards of 150K easily. Don't just count tuition. there are other things that go into it

 

I was talking about PT MBA. I assumed people get married and AGG income is less than 130K as average PT MBA age is 29-30. 

[aviator]

1 minute ago, Batman_fan said:

Why do we need to take 150K loan? Even if we earn just 100K pa, it is sufficient enough to pay the PT fee. You will need to pay max of 15K per sem, which is equivalent to 4K per month. If you do the math, max loan you need is 30K. If you are working in US, you must have saved that 30K easily.  

every one's financial situation is different. you cant generalize and assume every one has 30k ready to go. There may be people who are married but single income who will not be able to save this kind of money

More than that you need to have atleast 6 months worth of your salary in savings at all times in case all goes assam. So whatever 30K you are saying is on top of it.

So lets say i have 6 months savings and 30K on top of it to start with and i am going to wharton

Wharton is a 2 year program with 3 terms/ year. total cost of the wharton program is 170K which equates to 28.3K/term which means 85K/year. So even if i use my 30k, still need another 55K/ year 

 

 

[aviator]

6 minutes ago, Batman_fan said:

I was talking about PT MBA. I assumed people get married and AGG income is less than 130K as average PT MBA age is 29-30. 

i am also talking about PT EMBA  which in my wharton example costs 170K for 2 years where you will need to attend classes on friday/saturday.

when some one is in that age 29-30 most likely they are married/trying to get married and start a family. So imagine the kind of stress it adds on you to do a full time job and also an MBA on weekends and provide for the family.

 

and even if AGI is <130K the 2k deduction is no where close to easing your financial pain

[Batman_fan]

2 minutes ago, aviator said:

every one's financial situation is different. you cant generalize and assume every one has 30k ready to go. There may be people who are married but single income who will not be able to save this kind of money

More than that you need to have atleast 6 months worth of your salary in savings at all times in case all goes assam. So whatever 30K you are saying is on top of it.

So lets say i have 6 months savings and 30K on top of it to start with and i am going to wharton

Wharton is a 2 year program with 3 terms/ year. total cost of the wharton program is 170K which equates to 28.3K/term which means 85K/year. So even if i use my 30k, still need another 55K/ year 

 

 

I agree for EMBA. I am talking about PT. All my research and experiences are only in PT. I still think while in H1, better option is PT. EMBA needs planning/loan/family compromises and most importantly at least GC.