Joe Mihalic, Harvard MBA, Pays Down $101K Of Debt In 7 Months
Poets and Quants:
When he graduated from the Harvard Business School three years ago this month, the economy was a wreck. Nearly one in four of his classmates didn't have a job at graduation in May of 2009. Yet, Joe Mihalic, then 26, was able to land a job with Dell in Austin, Texas, at twice as much as the $52,000 a year he made before earning his MBA.
But there was some overhang from his experience in Boston: roughly $101,000 in loans that he had to borrow to get the degree, even after Harvard gave him $54,000 in fellowship support.