Should I get a roommate in b school?

Based on the most helpful WSO content, getting a roommate during B-school can be a smart move, especially if you're aiming to be cost-conscious while not earning for two years. Here’s a breakdown to help you decide:

1. Roommate Option (~$2500/month):

   • Pros:
     • Saves you $500-$900/month compared to living alone.
     • Built-in social network and support system, which can be valuable during the intense B-school experience.
     • More cost-effective, allowing you to allocate savings toward other expenses like networking events, travel, or even reducing your loan burden.
   • Cons:
     • Less privacy and potential for conflicts if you and your roommate don’t align on habits or schedules.

2. Studio (~$3000/month) or 1B (~$3400/month):

   • Pros:
     • Full privacy and control over your space, which can be beneficial for decompressing after long days.
     • Ideal if you value personal space or plan to host friends or family occasionally.
   • Cons:
     • Higher monthly cost, which adds up over two years (an extra $12,000-$21,600 compared to the roommate option).
     • Less opportunity to save or allocate funds elsewhere.

Recommendation:

If you can comfortably afford all options but want to remain cost-conscious, the roommate option at $2500/month strikes a good balance. It allows you to save a significant amount while still living in a desirable area. Plus, the social aspect of having a roommate can enhance your B-school experience. However, if privacy and personal space are top priorities for you, the studio at $3000/month could be a reasonable middle ground.

Sources: Millionaire by 30, Millionaire by 30, Moving to Boston - Suggestions, How much do you spend on rent as an associate making 275-325?, Is my IB analyst personal budget realistic?