A Father-Daughter Duo Answers Your Questions: Should We Use Our Money to See the World Now, Or Save for the Future?
Business School is not just about the degree but about the experience, which means students shell out tens of thousands of dollars above and beyond tuition, whether they have the money or not. Are the extracurricular activities worth going (further) into debt for?
In many M.B.A. programs, lifestyle experiences are gaining on academic ones in importance, as seen in much busier evening and weekend schedules of bars, parties and trips, says Jeremy Shinewald, founder of mbaMission, an M.B.A. admissions consulting firm based in New York. “My father went to business school a generation ago as a married 25-year-old, and I can assure you he has no stories of jetting off to Vegas for the weekend,” says Mr. Shinewald, who is 38.
The trips usually aren’t free, often adding a shadow budget to an already expensive M.B.A. “I would say that $5,000 total for two years is a low to moderate budget, but is one that would still allow a student to experience significant social and academic travel opportunities,” says Mr. Shinewald, whose firm works with M.B.A. applicants. At the high end, $20,000 to $30,000 for two years is not uncommon, he says.
Some of the trips are vacations, excuses sponsored by Rolex for the rich, or proto-rich, to have fun. Still, even those are bonding-experiences; those trips, and the others that are more straightforwardly career-oriented, alike help students network with each other and with future employers. So plenty of students suck up the costs, thinking of them as an “investment.”
In 2003, Mr. Caballero, then a second-year student at the Sloan School of Management at M.I.T., received internship offers from Intel and Cisco Systems after leading a career trek to Silicon Valley. “I got interviews at firms, and I certainly feel more comfortable reaching out to the people I went on the career trek with for favors than the average classmate,” says Mr. Caballero, 36, now vice president for programming at the nonprofit Venture for America, based in New York.
Did you try B-school? Was this your experience? Or is it emblematic of why you’d rather get Rubella than an MBA?
Why get a regular room somewhere when you travel when you could get a deluxe experience, and I mean deluXXXe, as detailed in this Refinery 29 profile of the NoCal hotel Stay & Play:
“It is a free-standing, two-level adult playhouse,” [Diva, the proprietress] explains, “like an adult treehouse.” Three years ago, the “adult treehouse” was a barn used primarily for hay storage. Now, the farming tools have been replaced with a menagerie of props for submission and domination. “I am not a submissive. It doesn’t work for me to play that role — it’s oil and water,” Diva tells me. “In corporate America and in S&M, people equate being a dominant woman with being a bitch. I always thought you could attract more flies with honey.” A weekend night at Stay & Play costs $300, minus $50 if you stay through the weekend. It includes full usage of the S&M facilities and (of course) comes with the sweet touch of a home-cooked breakfast. Couples are the usual guests, but the occasional threesome or larger group isn’t unheard of. Guests range from S&M newbies who are curious about the lifestyle to old hands.
This sounds terrifying, but perhaps no more terrifying than the average B&B, which forces you mingle over scones with strangers, or the average Air BnB, which might catch fire. At least this B&B, like the best ones, has character.
A traveler who wanted to go to Granada, Spain, ended up in Grenada, the Caribbean island. He was not pleased.
After two years without a holiday and a lifetime of longing to see the architectural treasures of Granada, Edward Gamson felt he could at last relax as he sat back on a British Airways flight en route to the capital of Moorish Spain. It was only when the American dentist and his partner glanced at the electronic map on the in-flight entertainment system and noticed their plane was heading due west out of London that they became concerned something was not right. …
The mix-up initially resulted in apologies from BA staff on board the flight, and a promise that the couple would be put on the plane’s return trip to Gatwick en route to Granada. Instead, they were subjected to a further three-day ordeal which resulted in them never reaching Spain, and a refusal by BA to reimburse their £2,650 first-class tickets, and which is now the subject of a damages claim before the US courts. Mr Gamson told The Independent on Sunday: “I have a lifelong interest in Islamic art. I’m also of Spanish Jewish heritage so it was something I had always wanted to do to visit Granada and the Alhambra. I made it absolutely clear to the booking agent I wanted to go to Granada in Spain. Why on earth would I want to go to Grenada in the Caribbean if I was flying back to America from Lisbon?”
I feel you, British Airways. You just can’t please some people. Here you give them an exciting surprise, complete with beaches and sunsets and perfect weather, and they complain that they’re not touring ruins. They even refer to a spontaneous Caribbean vacation “a three-day ordeal.”
Things to do if you accidentally find yourself on some warm, heavenly shore: 1) Drink something fun. 2) Go swimming. 3) Thank your lucky stars you’re not in Jersey.