Student Case

I can't foresee how I am going to be able to move out of my parents home before the age of 30. What is some advice?


Kate:
"Do some simple math:

cost to live – basics (rent, utilities, food) = X
cost to hire ppl to do “everyday things” (errands, cooking, etc.) = Y

X + Y = the nut

The nut is what you must cover. X will vary wildly based on location – NYC versus Lubbock, Texas for example. NYC may be 5x more expensive. But Y is pretty stable across the US so expensive cities may only be 20% more expensive.

Annual Nut / 1200 = Hourly Rate you must be able to charge for your brain.

Perhaps you do consulting work..."

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Tips for Applicants

Test tip

8 weeks before Round 2 applications drop. Happy with your GMAT score? Great. If you're not, you only have a few weeks to retake. Here's everything you need to know about whether or not to retake. Don't wait until the last minute! Not sure if you need to retake? Take a look at my response to a students question about the retake based on their score.

Motivation.

The work won't change. Your perspective can. You're not "filling out boring paperwork." You're "helping people get insurance that could save their life."

If you think about the middle of the workout when you're breaking a good sweat, you get the advantage of the inside view and you're more motivated.

We have also learned that we’re much more driven by all kinds of intangible, emotional forces: the need to be recognized and to feel ownership; to feel a sense of accomplishment; to find the security of a long-term commitment and a sense of shared purpose. We want to feel as if our labor and lives matter in some way, even after death. To motivate ourselves and others successfully, we need to provide a sense of connection and meaning — remembering that meaning is not always synonymous with personal happiness. Arguably, the most powerful motivator in the world is our connection to others.

Motivation is an issue of perspective. The task doesn't change, but how you see it does.

Application tip

BUSINESS SCHOOL TIP - Last week you edited your resume. This week, consider your letters of recommendation.

Have you already decided who will write your letters? Now is the time to discuss your plans with them - even if you have not fully decided to pursue business school this Fall. Since one (with rare exception) must be your boss, plan a semi-formal meeting to discuss your business school plan.

It is a good idea to ask your boss for personal feedback if he/she has written letters of recommendation in the past. Tactfully ask if you are within the top 10% of all applicants he has seen in the past. If not, what will it take to get there? Ask now, don't guess. You may be unpleasantly surprised come August.


Career Thing.

Ted ideas worth spreading. Are you a giver or a taker?

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