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Are your peers on budgeting? ◦ 60% Tried ◦ 37% Managed to stick to it What is in your everyday coffee? http://www.hughcalc.org/coffee.cgi
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Away from paper, let’s Excel!
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Where do you keep the money you save? Under your mattress? A savings account? In gold coins?
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Ways to hold wealth Savings Account Gold Coins Mutual Funds Individual Stocks Certificate of Deposits Treasury Bonds
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Wal-Mart StockMutual Fund Initial Amount1000 Year 51758.112137.10 Year 102725.603886.66
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When should you start saving for retirement?
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IRA Account Tax deferred gains Early withdrawal fees Roth IRA Account Income taxed beforehand Maximum contribution Early withdrawal fees 401 (K) Tax deferred Employer matched contributions Early withdrawal fees
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$35,545 $39,613 $42,218 $50,150
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$35,545 $39,613 $42,218 $50,150
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$48,213 $50,554 $55,292 $64,500
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$48,213 $50,554 $55,292 $64,500
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$48,335 $50,000 $53,000 $85,000
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$48,335 $50,000 $53,000 $85,000
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HINT: Industry average is 49%
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MBA: ◦ 86% MS Accounting: ◦ 89.3%
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Estimated Tuition and Living Expenses (SUNY 2020): ◦ 2013-2014: $20,282 ◦ 2014-2015: $20,582 ◦ 2015-2016: $20,882 ◦ 2016-2017: $21,182 Total Estimated Cost: $82,928 Average Student Debt upon Graduation: $13,500 You will earn back your investment in 2.3 years
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Let’s take a closer look at Syracuse University: You will earn back your investment in 4.6 years ◦ Average starting annual salary of a Business School Undergraduate: $50,210 ◦ Estimated Tuition and Living Expenses: $57,450 Predicted to increase 3% per year ◦ Average Student Debt upon Graduation: $31,810
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Consider opportunity to have educational value Think of the opportunities UB SOM can provide for you: ◦ Working coincide distinguished professors ◦ Networking with recruiters and other professionals ◦ Taking on and assuming leadership roles Beta Alpha Psi as well as 19 SOM clubs with E-Board positions Countless group projects and classroom activities
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