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nabhan

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Posts posted by nabhan

  1. a little late on this, but it really depends on what do you plan to do and where?

    If you plan to work in a demanding but high paying job (banking or consulting), then $40k is definitely manageable (i finished uni with a little under $40K and paid it off with my first bonus). But if you plan on having a life and doing something else, then you'll soon realize that even if you make $50-$70K a year after graduation, after taxes and living expenses, there isn't that much left and it will take years to pay it back.

    Also, i would say it really depend where you are planning to work after graduation. if you plan on coming back to work in Canada, keep in mind that you'll be taxed at canadian rate and you won't really have any advantage over students from Queen's, Ivey and McGill (if anything, you'll have a disadvantage as most companies won't come to Wharton for recruiting so they'll have to fly you over, which is expensive). And there's also a certain stigma about grade inflation at Ivy's so you'll need top grade (at least GPA > 3.7-3.8 if you want to get banking interviews). I am quite involved with recruiting at my firm and we actually interviewed a Wharton undergrad last fall, and the guy actually flew on his own dime to meet us as he said otherwise most canadian banks wouldn't bother flying him over (the guy had an outstanding resume, 3.95 GPA, spoke 6 languages, had a summer intern with a BB in NYC, etc) so i would keep that in mind when making your choice (of course the class of 2009 probably had the worst recruiting season ever, but still).

    Anyway, long post, but my main point is that Wharton name, strong alumni, etc will go a long way if you decide to pursue a career in the states, but if you think you'll likely end up in Canada, i would carefully think about it.

    For the record, nobody is making 200K straight out of undergrad

    I'm not that interested in coming back to Canada. I love Montreal and Vancouver, but all the big finance/business stuff is in Toronto and I'm not a fan. I hear visas are a bitch to get, but the thought of working in Hong Kong or something is actually pretty cool.

    By the looks of it, the cost is pretty manageable and my parents are saying that I won't have to take out much in loans if at all, but they want to take them out anyway and invest them since it's four years interest free :|

  2. My financial aid package is pretty good. Parent contribution is $19k a year, but my dad is saying that the most he can pay is $12k, which makes no sense given our income (well off, in theory at least). I'm willing to take loans, and I know Wharton is Wharton, but realistically at what point do loans become too big of a burden to be worth it?

    Is $30k, even $40k a manageable figure?

    edit: I know that's almost a stupid question, and I'm still shitting my pants at having this opportunity, but at what point is undergrad debt too much?

  3. ...

    did you forget to apply to cornell and brown?

    Their aid is the worst for internationals, and as a a Canadian there's no point in applying to American schools unless they're at the top.

    Waitlisted at Columbia. Got into a Ben Franklin scholars program at Penn for the top 100 incoming freshmen. Psyched.

  4. Got into the local university, and got a millennium scholarship for 20k at any school in Canada, which'll cover pretty much tuition for all four years if I stay.

    Still waiting on McGill/UBC/Queen's and then on Tuesday a whole slew of ivies.

  5. I have a friend who used to work in the WashU admissions office. According to her, if you give them a call and say that you're really interested and blah blah blah, chances are they'll bump you off it. They waitlist a TON of kids, and part of it is because they want to protect their yield.

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