We wouldn’t be doing you any favors by sugar-coating it — getting into a top business school is tough. Outrageously tough. In fact, the odds are quite stacked against you unless you’ve got a perfect combination of GPAs, test scores and the rather particular resume that these schools are looking for. According to MBA Data Guru, a website that calculates a candidate’s chances at MBA schools across the country, only 3% of prospective students with a sub-700 GMAT and a GPA under 3.4 managed to get an audience with the admissions committee at Stanford Graduate School of Business. At 5%, Harvard Business School wasn’t much better. Haas School of Business at California Berkeley and Yale School of Management came in at 12% and 15%, respectively, which is better but still not very encouraging.
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The enormous costs of university, made worse by the rising costs of living, puts many people off furthering their education. However, there are several ways you can avoid student debt if you think further education is for you. Here are some of the best.
Choose Your Courses Wisely
Do your research and think about what it is you really want to do with your life. Don’t commit to longer courses, and higher fees, unnecessarily. For example, many people dream of becoming a physician, however a recent study showed many physicians actually recommend becoming a nurse practitioner instead. The careers of a nurse practitioner and doctor can be similar, and while being a physician pays more, it takes a lot longer to complete your training, and the working hours can be a lot more flexible for an NP. Do your research into the difference between nurse practitioner and doctor before you decide. This applies to many other career paths also.
Going to college is often the first experience that people have of managing their own personal finances. Without parents at home to watch their spending and perhaps give money when needed, students need to buckle up and learn how to tighten their purse strings. Although it can be tempting to splash out and spend money when you’re at college, living frugally can set up good habits for the future and allow you to better enjoy your salary when you finally get the graduate job you’ve been coveting. Read on to discover some of the best ways for students to manage their finances.
Living on student loans usually means a less than luxurious lifestyle that can be hard to stick to. With that said if you’re in the midst of your online bachelors in business and find it’s hard just to get by money-wise, then you’re going to love these money saving tips we’ve put together for you.
Borrow Textbooks
If your course requires text books, then it’s likely you will be spending a small fortune purchasing them. Whenever possible, look to borrow copies from your local library, or even look for gently used copies that you can buy for a fraction of the cost.
Fast Food is Your Enemy
We all know that students live busy lifestyles, and that usually means a healthy dose of fast food. Here’s an interesting experiment for you to try. Over the course of one or two weeks jot down each time you purchase food or drink and the cost of the item(s). This includes all those random coffees you grab here and there. At the end of the week add up what you’ve spent; you may find yourself a bit shocked how quickly that one dollar here and two dollars there adds up.
Whether you’re going to school for your bachelors in business, your masters in social work online from a school like Rutgers University, or your degree in education, you’re probably in search of ways to help you save money so that you have more to spend on your school supplies and tuition. Well, there are a few practical ways that you can go about saving money surprisingly easily, and a few of them are listed below.
Cook for Yourself
While it may be convenient and it might save you time, eating at restaurants all the time, or even at your school’s cafeteria, will end up costing you a lot more money than necessary. If you wish to save more cash, purchase your groceries and prepare your meals at home. Your wallet, and your waistline, will thank you.