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Avoid 3 Mistakes When Building Your MBA Budget

Submitted By Stacy Blackman, Stacy Blackman Consulting

The MBA admissions process requires determination, dedication and hard work. But don’t let the effort required to gain admission stop you from tackling another important aspect of business school success: your budget.

Given the rising cost of a top business degree, even a small budgeting mistake can cost you a fair amount. Here are three mistakes to avoid as you create your plan to pay for business school.

1. Not starting early enough: Ideally, you would have considered the cost of an MBA when deciding whether to attend business school or in the first place. This includes thinking about tuition along with external costs such as wages lost by leaving your job.

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