<p>I should have clarified. Wharton, along with Columbia and Kellogg, is a school that PE firms recruit for candidates who already have sufficient PE experience. HBS and GSB are where they look for people with little or no PE experience. Basically, if you’re looking to break into PE, and couldn’t after your IB analyst stint, HBS and GSB are the only schools where you’ll have a decent shot at doing so.</p>
<p>This is what I know from my brother-in-law (Wharton MBA '09) who went through PE recruiting.</p>
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<p>I know a few who believe they’ll be living with their B-school debt for much longer than two years.</p>
<p>I know a few who believe they’ll be living with their B-school debt for much longer than two years. *</p>
<p>Just how much would a “brand new” Harvard MBA person be paid? For a person to pay back $180k in 1-2 years, they’d have to earn a ton those first 2 years.</p>
<p>Totally depends on their luck and their career choice from what I’ve observed. My bro-in-law (W, not HBS) didn’t get his intended industry, PE, so he ditched the idea of Finance altogether. He’s now a high-level executive at a large IT company in India, making no more than 60K a year (way different compensations compared to the US). If he had taken his back up choice - returned to his Bank as an associate, which he almost did, he would’ve made 150-170K his first and second year. But with the living costs of NYC, which you’ll consistently hear junior Bankers complain about, he would’ve still needed to save quite a bit to comfortably make his payments. Taking on debt is no joke.</p>