Applied Research

Presentation
Hannah Shea
April 20, 2015

Major: Economics
Potential Job: Consultant
Skills developed within this major include: Critiquing
and diagnosing problems; Trouble-shooting; Analyzing
community needs; Problem-solving; Program
development; Analyzing public policies; Decisionmaking; Analyzing manpower requirements;
Systematizing/organizing material;
Reviewing/evaluating; Team building; and goal setting.
Consulting jobs graduates have taken were in Charlotte,
Boston, NYC, Washington D.C., and Dallas.

Salary Without an MBA

Washington D.C.

Boston, MA

Glassdoor.com

Salary with MBA

Washington D.C.

Boston, MA

Average Cost of tuition for Grad School Per

year:
Georgetown University (Full Time)$56,892
American University: Goes by credit hour
for full and part time ranges between
$1,526
to $15000 per semester
http://www.simplyhired.com/salaries-k-mba-consultant-l-

Average Cost of Grad School Tuition:

Boston College Grad School: $43,770 a
year/ part-time $1,490
Harvard University: $58,875 per year
*All from each universitys site

washington-dc-jobs.html

Cost of living in DC vs Boston with

no MBA
Salary: $75,075
Washington
D.C
Salary Monthly: $6,256.25
Rent (2 bedroom):$2272/2=
($1,136)
Utilities: ($186)
Car Insurance: $1154/12=
($96.17)
Groceries: ($410)
Gym: ($81)
Monthly spending Money:
$4,347.08

Boston MA

Salary: $86,950

Salary Monthly: $7,245.8

Rent: $2543/2= ($1271.5)
Utilities: ($234)
Car Insurance: $976/2=
($81.3)
Groceries: ($300)
Gym: ($66)
Monthly Spending Money:
$5,761.03

Cost of living between D.C. and

Boston with an MBA
Washington D.C.

Salary: $110,000

Salary Monthly: $9,166

Rent: $2272/2= ($1136)

Utilities: ($186)

Car Insurance: 1154/12=($96.17)

Groceries: ($410)

Gym: ($81)

Monthly spending Money: $7,253

Boston, MA

Salary: $115,000

Salary Monthly: $9,583

Rent: $2543/2= ($1271.5)

Utilities: ($234)

Car Insurance: 976/12= ($81.3)

Groceries: ($300)

Gym: ($66)

Monthly spending Money: $7,360

Possible Jobs and Salaries with an

MBA
Washington D.C

Most salaries were not included in job description

Product Line business specialist- ATCC

Partnership Development Associate- Corvias Group

Financial Analyst Job: Booz Analyst Job

Boston, MA

Most salaries were not included in price description

Project Manager Consultant, VP

Consultant: Vantage Partners LLC

Consultant: Public Consulting Group

Results
Most of the jobs said that post-grad degrees were a plus or
preferred.
One certain jobs required a post grad degree, but you have to
factor in the cost of attending grad school before the job. The cost
does not outweigh the benefits.
I noticed that when looking at the jobs, prices were not that
different if you had a degree or not, but when looking at the given
data of overall, it was beneficial to have a degree.
I would say that it is best to live in Boston for a consulting job.
I would take a consulting job first without a MBA and then possibly
go back to get an MBA (usually the company will pay for it).

Works Cited
https://www.rentjungle.com/average-rent-in-washington-rent-tr
ends/
https://www.rentjungle.com/average-rent-in-boston-rent-trends
/
http://www.expatistan.com/cost-of-living/washington-d-c
http://www.expatistan.com/cost-of-living/comparison/washingt
on-d-c/boston
http://www.rmiia.org/auto/steering_through_your_auto_policy/
Cost_of_Auto_Insurance.asp
http://
www.jumpshell.com/blog/boston/post/where-to-live-in-boston-co
st-of-living
http://www.hbs.edu/recruiting/data/Pages/detailed-charts.aspx