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Old 09-21-2017, 09:20 PM
 
11 posts, read 8,918 times
Reputation: 10

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Hey everyone,

Recently I've got some hard decisions to make and am seeking help. I've lived in Columbus for 4 years and really love the city, especially the slower pace and quality of life part. My family helped me with a house so I don't have any mortgage.

Recently I decided to go to business school for MBA and am fairly confident that I can get into OSU, which is on the top of my list for a long time. However, given my background, I have a good chance to go to a better name program, such as Fuqua, Ross or Booth. I attended the MBA information sessions for those programs and what I got from them was that I can probably make around 130 to 160K ( more so on the 160K side) right after my MBA----IF I WORK IN A BIGGER CITY-Boston, LA, Chicago and Seattle, etc. However, if I go to OSU and stay in Columbus, I can probably make around 90 to 100K after graduation, so about 50-60% less, pretax.

I have a really hard time to decide. I LOVE COLUMBUS, I love everything about the city, not to mention that I already paid off my house. If I move to Seattle/Chicago, I won't be able to afford the same level of living that I have now. I am a quiet person and don't like noisy lifestyle, but I am also only in my 20's and don't want to risk not trying out possibilities in life. I also have a baby who was just born.

From a purely career and quality of life standpoint, which route would you take? Making 150k+ in a bigger city with more student loans and no house or making 90-100K staying in Columbus without paying too much tuition?-for a 27 year old married person with young kid.

Thanks in advance...
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Old 09-22-2017, 08:57 AM
 
4,152 posts, read 7,944,003 times
Reputation: 2727
Sounds like you should stay in Columbus. Money isn't everything. You will probably have to live in the suburbs here if you have children or pay for private tuition which can be pricey. Housing is very expensive here. You say you love Columbus so you should stay there I think.
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Old 09-22-2017, 02:24 PM
 
230 posts, read 386,112 times
Reputation: 177
Quote:
Originally Posted by ToriaT View Post
Sounds like you should stay in Columbus. Money isn't everything. You will probably have to live in the suburbs here if you have children or pay for private tuition which can be pricey. Housing is very expensive here. You say you love Columbus so you should stay there I think.
There are plenty of good public schools in the city.
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Old 09-22-2017, 05:01 PM
 
Location: Chicago
2,884 posts, read 4,990,757 times
Reputation: 2774
How ambitious are you? You'll have a lot more options later in life with an MBA from a top school, but if you just want to have a quiet life, maybe you should stay in Columbus.

However, I am twice your age and I regret not trying new things and taking chances when I was young. YMMV.
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Old 09-22-2017, 05:42 PM
 
Location: Chicago
6,160 posts, read 5,714,694 times
Reputation: 6193
If you love Columbus, I'd stay there. I moved from a place I really liked and constantly compared the new place to the old place. It wasn't productive and I would have been better off just staying.
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Old 09-22-2017, 06:37 PM
 
Location: Sweet Home Chicago!
6,721 posts, read 6,485,209 times
Reputation: 9915
Money isn't everything and it sounds like you have really strong feelings for Columbus so I'd say stay there and see how your career goes. You can always revisit the idea to make a move later in life.
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Old 09-22-2017, 06:46 PM
 
255 posts, read 415,256 times
Reputation: 248
Stay in Columbus. Nuff said.
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Old 09-26-2017, 06:03 PM
 
80 posts, read 103,117 times
Reputation: 133
Definitely stay in Columbus because you love it. It sounds like your quality of life will be MUCH higher there.
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Old 10-05-2017, 09:02 PM
 
11 posts, read 8,918 times
Reputation: 10
If you have $1 million asset, will you live in Columbus with 100k and a big house/other investment or live in Chicago with 160K income and a small condo?
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Old 10-05-2017, 09:55 PM
 
4,011 posts, read 4,254,863 times
Reputation: 3118
Quote:
Originally Posted by JJ1400 View Post
If you have $1 million asset, will you live in Columbus with 100k and a big house/other investment or live in Chicago with 160K income and a small condo?
If the Chicago employment could lead to better opportunities, then yes. But *rent* in Chicago initially, working your way toward home ownership again here (in a more expensive market), or another city where you plan on living more permanently. YMMV.
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