Month: September 2024

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For today’s luxury real estate buyers, renderings and floor plans just don’t cut it anymore.

While glossy sales galleries complete with model units meant to attract wealthy buyers have been the norm for years, some savvy developers are now raising the bar, offering more than just a glimpse of what life will be like in their under-construction condos.

They’re granting buyers immediate access to exclusive amenities — think private docks, golf courses, and even concierge healthcare services — well before the homes are move-in ready.

And for buyers, the chance to “test-drive” these perks long before they settle in offers the ultimate in instant gratification.

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Million-dollar perks for buyers to enjoy before their luxury condos are even built

Photo credit: Binyan Studios / Olara

For example, one West Palm Beach condo is completing a dock on the Intracoastal Waterway this summer. The idea is for buyers to have the opportunity to get on the water and enjoy the excursions and seafaring experiences now, well in advance of the completion of their condo.

Down in Miami, another condo development is bundling residence purchases with golf access and other social memberships so their future residents can dine at the property’s onsite restaurant and watch their tower rise over the Greg Norman-designed, 18-hole championship golf course — which is already open for those who’ve signed on to buy condos in the building.

In West Palm Beach, a luxe condo building is attracting residents with wellness-centered amenities

Photo credit: Binyan Studios / Olara

Olara, a 275-unit luxury condo building that’s currently under construction in West Palm Beach, is already making some of its upscale amenities available to future residents.

Once completed, the 26-story waterfront building will offer an impressive suite of amenities, including a private marina, a 30,000-square-foot celebrity chef-helmed restaurant, and a wealth of wellness-centered amenities. That includes a world-class fitness center designed by The Wright Fit, large indoor and outdoor fitness spaces (like an open-air yoga deck and performance training zones), sauna, steam, and treatment rooms, meditation spaces, and so much more.

And while many of the spaces are still being built, Olara buyers already have access to a select number of amenities.

“Even while construction is underway, future residents of Olara can enjoy a number of amenities and services before move-in,” says Andrew Kurd, Co-Chief Investment Officer at Savanna, the company behind the luxury condominium project.

Olara has been seeing great feedback so far from buyers

Photo credit: Binyan Studios / Olara

Future Olara residents have already started taking advantage of their complimentary membership with Sollis Health, the premier healthcare concierge. They have access to both Sollis’ flagship location in the Palm Beach area and the health provider’s other locations around the country. And the response so far has been positive, Kurd tells us:

“Life at Olara is centered around a wellness-focused residential experience, and we’ve heard so many positive testimonials so far from buyers who have already begun taking advantage of their complimentary membership with Sollis Health through our exclusive partnership.“

“With so many different locations across the country including a convenient Palm Beach site, they have the services and expertise of some of the most highly acclaimed medical professionals at their fingertips, whether they need a flu shot or last-minute doctor visit.”

The private dock is almost complete

Photo credit: Binyan Studios / Olara

Soon to add to the list of ready-to-enjoy amenities is a dock on the Intracoastal Waterway that’ll allow Olara buyers to get on the water and enjoy the excursions and seafaring experiences now, well before their condo is even completed.

“We’re currently also on track to complete our private dock, which will include resident-only boat slips and two boats for exclusive use by residents right on the Intracoastal Waterway, and once it’s finished in the fall, it will serve as yet another ‘early’ amenity for our residents since they’ll be able to frequent the dock for private excursions such as fishing and even seafaring experiences to Palm Beach Island,” Andrew Kurd tells us.

“They’ll also appreciate being able to watch their future home rise from our boat on the water as it becomes part of West Palm Beach’s cityscape,” he added.

Over in Miami, another luxury condo building is banking big on golf

Photo credit: Shell Bay

Shell Bay, a world-class, 150-acre enclave in the Miami region, is taking a similar approach.

While their newest development, The Residences at Shell Bay — a 20-story, 108-residence condominium tower designed by famed Miami-based architect Kobi Karp — is currently being built, select luxe amenities are already being offered to buyers. And they’re banking on golf to attract residents. 

Norma-Jean Callahan, Executive Director of Luxury Sales for The Residences at Shell Bay, explains:

“In South Florida, the undersupply and growing demand for golf has been well documented over the past few years. A last-of-its-kind opportunity, Shell Bay will be delivering the only new private course in 25 years to the Miami area with an 18-hole, Greg Norman-designed championship course,” Callahan says in an exclusive quote for Fancy Pants Homes.

Shell Bay buyers get instant access to the golf club — which includes a Greg Norman-designed championship course

Photo credit: MARCH / Shell Bay

“Once buyers have signed contracts for their residence and Golf Membership, they’ll gain instant access to our Golf Club including our training facilities while construction for the forthcoming Residences at Shell Bay is still underway,” Norma-Jean Callahan tells us.

“They can watch their future condo rise during each week’s round of golf.”

Shell Bay’s 18-hole, Greg Normal-designed Championship course is one of the longest in South Florida and also features a two-acre practice facility, including a nine-hole par three course.

But there are so many more perks to enjoy

Photo credit: Shell Bay

Other sporting and recreational amenities apart from the golf course include a private yacht club with a 48-slip marina and a premier racquet club including four Grand Slam tennis courts, pickleball courts, padel courts, a basketball court, batting cages, and a children’s discovery playground, among many other top-tier amenities.

“Shell Bay also offers access to other elevated amenities and services such as its Yacht Club featuring a private marina, a Racquet Club with all four Grand Slam surfaces with Pickle and Padel courts, and an Auberge spa,” says Callahan.

“Our future residents can enjoy comfort food favorites and signature weekly rotating dishes from our private, members-only restaurants helmed by Michelin-starred Chef Julien Jouhannaud.”

More stories

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What the most expensive house in the U.S. could look like: the $295M Gordon Point estate in Naples, Flordia

26 Jaw-dropping Miami-area mansions that will make you want to move to Florida

Source: fancypantshomes.com

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Considering a move to Alaska? Known for its breathtaking landscapes and vast wilderness, life in the Last Frontier is unlike anywhere else in the U.S. From the allure of the Northern Lights in Fairbanks to the challenges of long, dark winters in Anchorage, Alaska is full of adventure and solitude. Whether you’re drawn to the rugged outdoor lifestyle or close-knit communities in towns like Sitka, here are the pros and cons to help you decide if Alaska is a good place to live.

Is Alaska a good place to live?

The cities in Alaska, though few in number, each have their own distinct vibe. Anchorage, the largest city, is a hub of activity, offering a mix of urban amenities and easy access to outdoor adventures. It’s a place where you can enjoy local coffee shops and craft breweries in the morning and be hiking a mountain by afternoon. Fairbanks, known for its stunning Northern Lights, has a more laid-back, frontier feel, with a strong connection to the arts and a thriving local music scene. The state capital, Juneau, nestled between towering mountains and the sea, is perfect for those who want remote living.

Alaska’s cultural scene is deeply influenced by Indigenous traditions, with frequent opportunities to experience Native Alaskan art, dance, and storytelling. The weather, however, is as diverse as the state itself. In Anchorage, winters are cold but manageable, with temperatures often hovering around freezing, while summers are mild and pleasantly warm. Fairbanks faces more extreme conditions, with frigid winters dropping to -40°F, balanced by surprisingly hot summers reaching the 80s. 

Alaska state overview

Population 733,391
Biggest cities in Alaska Anchorage, Fairbanks, Juneau
Average rent in Anchorage $1,420
Average rent in Fairbanks $1,100
Average rent in Juneau $1,825

1. Pro: There is stunning natural beauty throughout the state

Alaska is home to some of the most breathtaking landscapes in the world. From Denali, the tallest peak in North America, to the fjords and glaciers of Kenai Fjords National Park, the natural scenery is unparalleled. Hiking, kayaking, and wildlife viewing are daily activities for residents, making the outdoors an integral part of life. Whether you’re on the coast or in the interior, the state’s unspoiled wilderness offers endless exploration.

2. Con: The winters are harsh here

Alaska’s winters are long, cold, and challenging, especially in the interior regions. Temperatures in places like Fairbanks can drop to -40°F, and snowfall can last well into the spring. The lack of daylight during winter months can also take a toll, with some areas experiencing only a few hours of sunlight each day. Residents must prepare their home for the winter, invest in heavy-duty winter gear, and strategize to manage the extreme conditions.

Insider tip: Many locals recommend using block heaters for your car to prevent the engine from freezing overnight. Invest in blackout curtains—not only to block out summer’s 24-hour daylight but also to keep warmth inside during the winter.

3. Pro: The Northern Lights are visible here

One of the most magical experiences in Alaska is witnessing the Northern Lights, or aurora borealis. Fairbanks is one of the best places in the world to view this natural phenomenon, with the lights visible on clear nights from September through April. Many residents and visitors make it a point to chase the auroras, using apps and forecasts to predict the best times for viewing. The vibrant colors dancing across the night sky make enduring Alaska’s harsh winters worth it for many.

Insider tip: Visit the Chena Hot Springs near Fairbanks, where you can soak in warm waters while watching the Northern Lights overhead—an unforgettable way to experience Alaska’s natural beauty.

4. Con: The cost of living is very high

Due to its remoteness, many goods have to be shipped into Alaska, driving up the cost of essentials like groceries and fuel. In rural areas, prices can be even higher, with simple items costing double what they might in the lower 48 states. In fact, the cost of living in Anchorage is 25% higher than the national average. Utilities, especially heating, are also more expensive due to the harsh climate. Even in bigger cities like Juneau, the rent is expensive with the one-bedroom apartment averaging $1,825 per month.

5. Pro: Beautiful wildlife fill the state

Alaska is home to an incredible array of wildlife, from grizzly bears and moose to whales and bald eagles. For nature lovers, the opportunity to see these animals in their natural habitat is a major pro to living in Alaska. Many residents encounter wildlife daily, whether spotting moose on their way to work or watching salmon runs during the summer. Wildlife viewing tours, fishing expeditions, and safaris are popular activities.

Insider scoop: Head to Katmai National Park in July to witness the famous bear-salmon feeding frenzy—truly an unforgettable sight.

6. Con: Midnight sun could be a downside

In the summer, parts of Alaska experience the “midnight sun,” where daylight lasts for nearly 24 hours. While some enjoy the extended daylight for outdoor activities, it can disrupt sleep schedules and lead to fatigue. Blackout curtains become a necessity, and many residents struggle with adjusting to the endless sunlight. This unique phenomenon can be overwhelming, especially for newcomers unaccustomed to the extreme light cycles. 

7. Pro: There are no state income tax

One of the financial perks of living in Alaska is the absence of state income tax. This allows residents to keep more of their earnings, which can help offset the high cost of living. Additionally, most areas in Alaska also have no sales tax, including Anchorage and Fairbanks, making it an attractive option for those looking to maximize their take-home pay. These tax advantages are a major pro for individuals seeking financial benefits in their relocation.

8. Con: Isolation is common in Alaska

Alaska’s vast size and limited infrastructure can make many communities feel isolated. Some towns are accessible only by plane or boat such as Kodiak and Dutch Harbor. This isolation can lead to challenges in accessing goods, services, and healthcare. Even in larger cities like Anchorage, residents can feel disconnected from the rest of the country due to the long travel times and cost of flights.

9. Pro: Enjoy the Alaska Permanent Fund Dividend 

Residents of Alaska benefit from the Alaska Permanent Fund Dividend (PFD), an annual payment distributed to Alaskans from state oil revenues. The amount varies each year but can provide a significant financial boost to residents. Many people use the PFD for expenses like heating bills, travel, or savings. This dividend is unique to Alaska and is a rewarding incentive for those who call the state home.

10. Con: Limited entertainment options

Alaska’s remote location and smaller population can mean fewer entertainment options compared to other states. While Anchorage offers some nightlife, theaters, and cultural events, rural areas have limited access to entertainment. Shopping malls, cinemas, and restaurants can be scarce, and residents often have to travel long distances for major events or attractions.

Insider tip: Many Alaskans create their own fun by embracing outdoor activities like hiking, fishing, and snowmobiling. In smaller towns, community events such as potlucks, local festivals, and game nights are popular ways to socialize. 

Pros and cons of living in Alaska: Overview

Pros Cons
The state is beautiful The winters are intense
Northern Lights are visible here The cost of living is high
Diverse wildlife fill the state Midnight sun can be a downside
There is no state income tax Isolation is common
Alaska Permanent Fund Dividend Alaska has limited entertainment options

Source: rent.com

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Vermont is a state filled with charming towns, stunning landscapes, and a rich history that draws people in. Whether you’re looking to rent in Burlington or searching for an apartment in Montpelier, living in Vermont offers a unique experience. From its maple syrup production to its love for the outdoors, Vermont has a lot to offer. Here are 15 fun facts about Vermont that showcase what makes this state so special.

1. Vermont’s state tree is the sugar maple

The sugar maple represents the rich tradition of maple syrup production in Vermont. The state produces nearly half of the country’s maple syrup. Fall foliage in Vermont is stunning, with the sugar maple’s vibrant colors.

2. Vermont was the first state to abolish slavery

In 1777, Vermont became the first state to ban slavery in its constitution, several decades before the Thirteenth Amendment was ratified. This progressive stance set Vermont apart early in American history. The state’s commitment to freedom remains a significant part of its identity. Vermont’s history reflects its values of equality and justice. 

3. Ben & Jerry’s was founded in Vermont

The famous ice cream company Ben & Jerry’s started in Burlington in 1978. Founders Ben Cohen and Jerry Greenfield turned a simple ice cream shop into a global brand. Visiting the original Ben & Jerry’s shop in Vermont is a must for ice cream lovers.

4. Vermont is the only New England state without a coastline

Vermont may lack a coastline, but that doesn’t mean locals can’t enjoy a day on the water at one of the state’s beautiful lakes and rivers. Lake Champlain, bordering New York, offers stunning views and recreational activities. Vermont’s landscapes provide plenty of opportunities for outdoor adventures. Whether it’s hiking, fishing, or boating, Vermont has something for everyone. Even without a coastline, the state’s natural beauty is undeniable.

5. Vermont has the smallest population of any U.S. state

With just over 650,000 residents, Vermont is the least populous state in the United States. This small population contributes to the state’s tight-knit communities. Vermonters take pride in their close connections and strong sense of community. A benefit of the state’s low population density is an abundance of open space and natural beauty.

6. Vermont has more cows than people

With a population of about 650,000 people, Vermont has more dairy cows than residents. The state’s dairy industry plays a vital role in its economy. Vermont is famous for its high-quality dairy products, including cheese and ice cream.

7. Vermont is known for its covered bridges

Vermont boasts more than 100 covered bridges, the most per square mile in the U.S. These bridges, often made of wood, are symbols of New England’s architectural history. Many of Vermont’s covered bridges date back to the 19th century.

8. The von Trapp family settled in Vermont

The famous von Trapp family, depicted in The Sound of Music, made Vermont their home. After fleeing Austria, they settled in Stowe and opened the Trapp Family Lodge. The lodge remains a popular destination, offering stunning views and European-inspired hospitality.

9. Vermont has no billboards

Vermont banned billboards in 1968 to preserve its scenic beauty. The state’s commitment to maintaining its natural landscapes is evident in this decision. This ban ensures uninterrupted views of Vermont’s mountains, forests, and valleys. Drivers can enjoy the state’s scenery without commercial distractions.

10. Vermont is the leading producer of marble

The state is renowned for its high-quality marble quarries. Vermont marble has been used in famous buildings like the U.S. Supreme Court. The state’s marble industry dates back to the early 19th century. Quarrying remains an important part of Vermont’s industrial heritage.

11. Vermont has a high number of craft breweries

With over 60 breweries, Vermont has the most breweries per capita in the U.S. The state’s craft beer scene is thriving, offering unique and local flavors. Many breweries in Vermont use locally sourced ingredients. Craft beer enthusiasts flock to Vermont to sample its diverse offerings.

12. Vermont is famous for its fall foliage

Every autumn, Vermont’s landscape transforms into a vibrant display of reds, oranges, and yellows. The state attracts visitors from all over to experience this natural spectacle. Vermont’s forests and mountains provide the perfect backdrop for taking in the picturesque scenery.

13. Vermont was an independent republic before joining the U.S.

Before becoming the nation’s 14th state, Vermont was an independent republic from 1777 to 1791. It had its own constitution, currency, and government. Vermont’s brief independence is a unique aspect of its history.

14. Montpelier is the smallest state capital in the U.S.

Montpelier, VT, holds the title of the smallest state capital by population, with roughly 8,000 residents. Despite its size, Montpelier is a charming city with an extensive history. The capital offers a close-knit community feel and historic architecture. It’s also the only U.S. state capital without a McDonald’s.

15. Vermont’s Green Mountains inspired its name

The state’s name, Vermont, comes from the French “vert mont,” meaning “green mountain.” The Green Mountains are a defining feature of the state’s landscape. These mountains offer numerous recreational opportunities, including skiing, hiking, and camping. Vermont’s natural beauty is closely tied to its mountainous terrain.

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American Express has partnered with Knot (an Amex Ventures portfolio company) to launch a pilot test run of card of file at select merchants as Bloomingdale’s, Hilton and Macy’s. Cardholders that are included in the pilot are able to automatically add their ‘card-on-file’ at the participating merchants. This is the combination of two technologies:

  • Knot’s CardSwitcher™, which lets customers change their payment methods easily with different merchants without the need to enter their Card.
  • American Express proprietary technology, which enables customers to share their payment data securely with their permission

Can’t really see these sorts of things taking off if they are restricted to a single payment network/card issuer.

Source: doctorofcredit.com

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Earning an MBA, or a Masters of Business Administration, degree can increase your salary, teach you specialized skills, and provide you with new career opportunities. But getting your MBA is expensive, with an average cost of $62,600 for a two-year program vs. $59,684 for a master’s degree in general. A degree from a top-tier school can be considerably more, with tuition and living expenses totaling $200,000 for the program.

Just how big of an MBA pay increase you’ll get in return depends on a number of factors, including the school you attend, the field you’re in, and your previous work experience. Here’s what to know about an MBA salary increase and how much you might expect to receive.

Value of an MBA Degree

An MBA degree can make you more marketable to employers, which can in turn help you land a better job and a higher salary, research shows. And while earning your degree can come with a hefty price tag, taking out MBA loans is one option to help you pay for it.

The median starting salary of recent MBA graduates in the U.S. is $120,000, according to the 2024 Corporate Recruiters Survey from the Graduate Management Admission Council (GMAC). That’s significantly more than the $69,320 starting salary of grads with a bachelor’s degree. Knowing how much you might earn could help you determine if an MBA is worth it.

An MBA can also help you advance in your career. The majority of employers in the GMAC survey said that MBA grads typically perform better and move up the ladder faster than other employees. That places them in high demand in the workplace. One-third of employers from across the globe reported that they plan to hire more MBA graduates in 2024 than they did in 2023.

Average Salary Increase with an MBA

Overall, MBA grads reported a median salary increase of 33% after earning their degree, according to the GMAC’s most recent Enrolled Students Report. Full-time MBA students had a 42% increase in salary, while those who worked and studied for their MBA at the same time said their salary increased by 29%.

However, the amount your salary might increase once you have an MBA depends on the field you’re in. Here’s a closer look.

Salary By Industry and Job Function

The following industries tend to pay well for those who have earned an MBA, making them some of the best jobs for MBA graduates.

Finance

Many MBA grads pursue a career in finance, and it can be lucrative. The average salary for an individual with an MBA in finance is $145,257, but the amount can be as much as $195,000, and that’s not counting possible commissions and bonuses.

Technology

Another hot field for those with an MBA is technology, especially as AI becomes more prevalent. The average salary for MBA grads in tech is about $118,000 a year. However, your MBA salary increase could run higher still and may even include a signing bonus.

Consulting

Those who work as consultants and have their MBA average about $83,797 annually, but the base pay can be as much as $117,000. A consultant’s salary may go up dramatically within a few years, especially if they work at a big firm.

Healthcare

Healthcare management is a popular job for MBA graduates. The average earnings are $88,000 per year, although it’s not uncommon for those in healthcare management to bring home a six-figure salary.

Marketing

After graduating with an MBA in marketing, your annual earnings will be approximately $130,721 on average, and they could be as much as $165,000. That’s well above the average marketing salary for those without a degree, which is $81,330.

Business

The salary for a business analyst with an MBA is $104,629 a year, although it can be as much as $128,000.

Accounting

If you earn an MBA in accounting, you could earn an average starting salary of $126,598. Your pay could even be as high as $166,000.

Factors Influencing MBA Salary Potential

In addition to the field you choose to work in, how much you’ll earn after getting your degree is influenced by such things as the MBA program you choose and your previous work history and salary.

These are the three major factors that can affect MBA salary potential.

School Reputation and Rankings

Although it’s likely to be pricier, going to a top-rated school to get your MBA can pay off in multiple ways. These schools tend to have robust networking programs and employer recruitment opportunities. Some colleges may help prospective graduates find internships and jobs. Also, grads from top 10 schools tend to earn more than those who attend other programs.

Before applying to an MBA program, do your research to see where recent alumni have ended up and which companies have recruitment relationships with the school. For instance, certain coveted employers might always attend a particular school’s job fairs. If a university has connections to companies you might be interested in working at, you may want to apply to their MBA program.

Specialization and Concentration

Every MBA program offers different classes, internships, and hands-on opportunities, and it’s important to look for ones tailored to your goals and career path. Choose a program with specialized concentrations in the field you’re most interested in. For instance, some MBA programs specialize in healthcare while others focus on finance.

If you’re currently in a field that you want to pivot out of — moving from marketing to consulting, say — an MBA could help with career change without going back to an entry-level job.

Work Experience and Performance

The more work experience you have, the more likely you are to score a higher salary once you get an MBA. This is especially true if that experience is relevant to the area of study you’re pursuing. Most people going for their MBA have about five years of experience on the job. And some MBA programs require students to have a certain number of years of work experience before they apply.

Your work performance is also a key factor in what you might earn after you obtain your degree. As mentioned above, employers in the GMAC survey found that MBA grads tended to be better performers on the job. High achievers are more likely to command a higher salary.

Maximizing Your MBA Salary Prospects

In addition to choosing the right MBA program, there are other steps you can take to land a good job and a higher salary when you graduate. Here are a few strategies that can help you get ahead.

•   Take advantage of networking opportunities. Get to know your fellow classmates and connect with teachers and faculty members. Go to school gatherings, job fairs, and networking events. Find people who are in the field you’re in, and get to know them.Then make a point to stay in touch with the contacts you make. These people can be valuable resources over the course of your career.

•   Apply for internships. Many MBA schools offer internship programs, and they typically expect students to take advantage of them if possible. An internship can give you real-world experience and also connect you to key contacts who may be able to help you find a job when the time comes.

•   Seek out alumni. Make a list of the companies you’re interested in working for, and then search out any alumni of your school who work there. Ask to meet with them for coffee or an informational interview. Solicit their career advice. If you make a solid connection, they may keep you in mind for future job openings.

Choosing the Right MBA Program

It’s important to find an MBA program that fits your interests and goals. Look for programs that offer concentrations in the areas and fields you want to pursue. Then review the curriculum and the courses offered to make sure they appeal to you.

In addition, learn where graduates of the MBA program have ended up. What companies do they work for and what kinds of jobs do they have? You might even reach out to ask how they felt about the program and if they would recommend it.

Location

Where the school is located is also a prime consideration. If you’re working and going to school at the same time, you’ll need to find a program in your area. You could also explore top online MBA programs if you want to take advantage of a particular school’s offerings when you’re unable to attend it in person. These programs tend to cost $10,000 less than in-person ones, but you may miss out on networking opportunities.

If you’re a full-time student and you have the opportunity to move to attend school, you could choose an MBA program near the area where you hope to work. For instance, if you’d like to be employed in Silicon Valley, a school nearby might be a good choice for you. It may be easier to get an internship there as well as a job after graduation.

Cost

Of course, the cost of an MBA program is likely to be one of the most important factors in your decision. Beyond the tuition, find out the true cost of getting an MBA at any school you’re interested in. This includes living expenses, books, transportation, and so on.

How to Pay for Your MBA

There are a number of ways to pay for your MBA, such as scholarships, grants, and student loans. You may want to consider both federal and private student loans. Federal loans include Federal Direct PLUS loans for graduate students from the Department of Education. The maximum amount you can borrow with these loans is the cost of attendance, which is determined by the school minus any other financial aid you may have, and the loan’s interest rate is fixed.

Private student loans may have fixed or variable rates, and the MBA loan rates you might qualify for depend on your credit history, among other factors. These loans are offered by banks, credit unions, and online lenders. Be aware, though, that with private student loans, you will not have access to the same federal protections and programs you would with federal loans, including income-driven repayment plans. Also, if you refinance federal student loans with a private loan, you could pay more interest over the life of the loan, depending on its rate and term length.

Recommended: Scholarship Search Tool

The Takeaway

Earning an MBA may help you fulfill your career dreams and earn a higher salary. Research shows that the degree can increase your salary by about 33%, depending on such variables as the school you attend and the field you work in. But getting an MBA can be costly, averaging more than $60,000 for a two-year program, up to $200,000 for top-tier schools. So you’ll want to weigh the pros and cons.

If you decide that earning an MBA makes sense for you, there are ways to help cover the costs and develop a solid budget. You can explore all options, including scholarships, grants, and federal and private student loans, as well as refinancing your existing loans.

Looking to lower your monthly student loan payment? Refinancing may be one way to do it — by extending your loan term, getting a lower interest rate than what you currently have, or both. (Please note that refinancing federal loans makes them ineligible for federal forgiveness and protections. Also, lengthening your loan term may mean paying more in interest over the life of the loan.) SoFi student loan refinancing offers flexible terms that fit your budget.

With SoFi, refinancing is fast, easy, and all online. We offer competitive fixed and variable rates.

FAQ

What is the average starting salary with an MBA?

The median starting salary with an MBA is $120,000, according to the Graduate Management Admission Council’s 2024 Corporate Recruiters Survey. That’s far higher than the $69,320 starting salary of graduates with a bachelor’s degree.

Is an online MBA worth the investment?

Whether an online MBA program is worth the investment depends on the program you choose and what you hope to get out of it. Online programs offer greater flexibility and are typically less expensive than in-school programs. According to one estimate, online MBA programs tend to cost about $10,000 less. However, with an online program, you may not have access to all possible networking opportunities or the opportunity to speak with professors face to face. You may also feel less connected to the school and the overall experience.

How long does it take to recoup MBA program costs?

How long it takes to recoup MBA program costs is different for everyone, depending on the price of the program and the salary increase they enjoy after earning their degree. According to the Graduate Management Admission Council, it takes grads of two-year full-time MBA programs about three and a half years of working to recoup the cost. Those who enroll in online MBA programs recoup the cost in about two and a half years of work.

Photo credit: iStock/Xavier Lorenzo

SoFi Student Loan Refinance
If you are a federal student loan borrower, you should consider all of your repayment opportunities including the opportunity to refinance your student loan debt at a lower APR or to extend your term to achieve a lower monthly payment. Please note that once you refinance federal student loans you will no longer be eligible for current or future flexible payment options available to federal loan borrowers, including but not limited to income-based repayment plans or extended repayment plans.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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Source: sofi.com

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Looking for a vibrant city brimming with unique experiences? Birmingham, AL often surprises visitors with its rich tapestry of culture, history, and innovation. In the heart of the Deep South, this dynamic city offers more than just its storied past—it’s a realm filled with surprising adventures and exciting explorations. 

So whether you’re searching for apartments in Birmingham, homes for sale, homes for rent, or just starting to envision life in the city, we’ll give you a sneak peek of just some of the unique things to do in Birmingham, AL.

1. All aboard a tour bus

Rent a party bus tour for game day

Elevate your entire game day experience by turning the event into an all-day celebration. Instead of worrying about parking or navigating traffic, you can focus on enjoying the day with your friends, with the party starting as soon as you step on board. It’s an unforgettable way to build excitement, share in the camaraderie, and keep the energy going long after the game ends.

Turn game day into an unforgettable experience by taking a party bus tour to a college football game with a company like After 6 Tours. Enjoy the pre-game excitement with friends, travel in luxury, and kick off the celebration before the first whistle. Touring through town in the party bus makes the journey as thrilling as the game itself.

Indulge in a food crawl

From classic Southern comfort food to innovative international cuisine, Birmingham is known for its restaurant scene. A food crawl lets you savor a variety of flavors, meet passionate local chefs, and discover the vibrant community that makes Birmingham’s food scene so special. Whether you’re a foodie or just looking for a fun way to spend the day, a food crawl offers a delicious journey through the heart of the city.

Eat.Drink.Ride. is a party bus that stops by the best bites in town without missing a beat. Enjoy a unique culinary adventure with friends while traveling in style as the party bus keeps the fun rolling, ensuring your taste buds have as much fun as you do. It’s a great way to find new local eateries and not worry about parking or getting towed, all while enjoying a luxurious ride in a party bus.

2. Explore underground depths

Whether you’re an outdoor enthusiast or simply looking to try something new, Sims Cave Park is a must-see in Birmingham. This guided tour takes you deep into the heart of Birmingham’s underground cave systems, where you’ll crawl and climb through passages, uncovering hidden chambers and ancient rock formations. As you explore the dark caverns, you’ll get up close with the natural beauty of stalactites, stalagmites, and other stunning geological features that have formed over thousands of years. This tour offers a unique opportunity to experience the raw, untouched wilderness beneath the city, making it an unforgettable adventure for anyone looking to connect with nature in an entirely new way.

3. Bike the terrain

Mountain biking is just one of the many unique things to do in Birmingham, AL. The city’s area’s terrain provides everything from scenic, leisurely rides through rolling hills to challenging courses filled with steep climbs, sharp turns, and technical descents. Popular spots like Oak Mountain State Park and Red Mountain Park are well-known for their extensive trail networks, offering miles of paths winding through lush forests and rocky landscapes. For those seeking an adrenaline-pumping adventure, RideBHM, the city’s premier downhill mountain bike park, delivers the perfect blend of speed and skill.

RideBHM features a variety of trails, from beginner-friendly routes to more challenging courses with jumps and technical sections. Situated in the scenic Red Mountain area, RideBHM allows riders to enjoy the natural beauty of Birmingham’s landscape while experiencing the adrenaline rush of downhill biking. In addition to the trails, the park offers bike rentals, lessons, and community events, making it a hub for outdoor adventure in the Birmingham area.

4. Discover a local book nook

If you’re new to Birmingham and a book lover, finding your new go-to bookstore is probably high on your to-do list. Each bookstore has its own character, but Thank You Books is a must-visit. This charming, woman-owned bookstore offers a warm and inviting atmosphere with a diverse selection of new books for every type of reader. From bestsellers, independent press titles, and translated works to poetry, cookbooks, and everything in between, Thank You Books invites visitors and locals alike to spend a cozy afternoon lost amongst their bookshelves.

5. Unwind with wine

Whether you’re up for a relaxed evening sipping unique wines with wood-fired pizza or exploring a trendy wine bar and enjoying delicious small plates and cozy vibe, Birmingham’s wine scene has something for everyone.

Cheers with pizza

Relax with an evening at Red Or White Wine, where you can sip on unique wines and enjoy delicious, freshly-made pizza. Whether you’re catching up with friends or savoring a laid-back date night, the blend of fine wine and woodfired pizza makes for a delightful experience that’s hard to beat. Feeling like taking the wine to go? They’re happy to have a large selection of wines featuring small-production, family-owned producers from all over the world.

Be wooed at a wine bar

If you’re moving to Birmingham, AL, you’ll find downtown is rapidly becoming a hotspot in the food and beverage scene. In this prime location, Aviné Wine Bar is best known for their great cocktails, small plates, and retail wine shop. Between their quiche Lorraine and rosemary poppin’ corn, there’s always something intriguing and enjoyable to discover at Aviné.

Enjoy live music

Cat-n-Bird Winery offers a selection of varietals sourced from vineyards around the world, all meticulously handcrafted on-site. Every Saturday, the winery comes alive with live music, food trucks, and the popular wine slushies that are a must-try. Enjoy a vibrant atmosphere where you can sip on unique wines, savor delicious street food, and soak up the lively tunes.

Explore new flavors

Visiting The Vintage Wine Shoppe for a wine tasting is a delightful experience that immerses you in a world of fine wines. Here, you can sample a curated selection of exquisite wines, each chosen to highlight unique flavors and characteristics. Whether you’re a seasoned wine lover or new to the scene, The Vintage Wine Shoppe provides a refined yet welcoming setting for an unforgettable tasting experience.

6. Work off the wine

After a night of indulgence, hitting the gym or joining a fitness class can be the perfect way to reset. Many fitness studios and workout classes offer fun and engaging ways to work up a sweat while boosting your mood and energy levels. 

Twirl into pole fitness

Taking a pole fitness class at Studio Steel is an exhilarating experience that combines strength, flexibility, and creativity. The classes cater to all skill levels, so whether you’re a beginner or an advanced student, you’ll find a challenge that fits your abilities. By the end of each session, you’ll not only have gained confidence but also developed a new appreciation for the artistry and athleticism of the sport. Twirl your way into pole fitness and enjoy working off that night of wine while having a blast.

Get your groove on

If you love to laugh, dance, and have a great time, Jamme’s Crunk Fitness is the Birmingham stop for you. Forget a gym membership—the classes at Jamme’s are so fun that you won’t even notice you’re working off that delicious Southern cooking. Plus, it’s a unique experience in Birmingham that offers a fresh and energetic twist on fitness.

7. Take in live music thrills

If you’re a big music fan, Birmingham, AL will be a great place to call home with its lively music scene. From soulful blues to energetic rock, the city offers an unforgettable experience for every type of music lover. No matter if you’re a local or a visitor, the electric ambiance and diverse sounds of Birmingham promise an evening full of excitement and rhythm.

Find a new favorite band

Enjoying live music is a unique experience that brings music to life with an infectious energy that recordings often can’t capture. To catch an unforgettable evening of electrifying music, Tom Little, Editor at Magic City Bands, has the ideal spots for you. 

“Live music is one of Birmingham’s specialties,” shares Little. “You can find great shows all over town, from fresh indie artists at Saturn to huge touring acts at the BJCC or Oak Mountain Amphitheatre, plus a community of talented musicians performing at breweries, bars, and restaurants. They all provide the soundtrack of the city. If you want to participate, you can even jump in on one of the open mic nights occurring throughout the week.”

Immerse yourself in symphony sounds

The Alabama Symphony Orchestra has been an iconic part of Birmingham for over 100 years. You can count on a lineup of classical masterworks that will take your breath away and mesmerizing performances that sync the orchestra with iconic films. 

The Alabama Symphony Orchestra hosts world-class soloists and guest artists who showcase their extraordinary talents to expose you to a diverse range of musical styles. Bring your loved ones along to create cherished memories filled with joy, laughter, and, of course, beautiful music. With breathtaking performances held at various concert halls, it’s the perfect way to explore the uniqueness of Birmingham and meet fellow music enthusiasts.

8. Experience ballet magic

Watching a ballet performance is one of the most unique things to do in Birmingham, AL because every show is a little different. Watching ballet is truly mesmerizing because it’s like seeing a beautiful story told through dance. The way dancers move so gracefully and with such precision, combined with the stunning choreography and music, creates an experience that’s both captivating and emotional. There’s something magical about watching them express deep feelings and stories through their bodies—it’s an art form that draws you in and leaves you feeling like you’ve witnessed something truly special. 

Find yourself awestruck by the elegance with a trip to The Alabama Ballet, the state’s premiere professional ballet company. Whether you’re a seasoned ballet enthusiast eager to see The Nutcracker or just looking to enjoy a beautiful dance performance, The Alabama Ballet is the perfect choice.

9. Create art with printmaking

PaperWorkers Local is a nonprofit printmaking studio dedicated to fostering creativity through non-toxic printmaking practices. The studio offers a welcoming community workspace with memberships and monthly workshops led by professional artists. Located in Birmingham’s vibrant Lakeview district, it’s just steps away from popular restaurants and bars. Don’t miss the opportunity to explore and embrace your artistic side, and let your creativity flourish in ways you might never have imagined.

10. Cook up culinary skills

Taking a cooking class at Cooking With Culture is a fantastic way to immerse yourself in the unique culinary traditions of Birmingham. Each class offers hands-on experience with authentic recipes and techniques from around the world, guided by passionate instructors. 

It’s not just about learning to make authentic Italian dishes like fresh pasta and tiramisu; it’s a deep dive into the rich history and culture that shape these recipes. The classes provide a unique experience that’s both educational and delicious—perfect for anyone looking to truly connect with the city’s diverse culinary scene.

11. Uncover music history treasures

Make sure to check out the Alabama Jazz Hall of Fame, located at the historic Carver Theatre. Established in 1978, this vibrant nonprofit celebrates the legacy of Alabama’s jazz legends. As you explore its captivating exhibits, you’ll discover stories and artifacts that bring the rich history of jazz to life. The Hall of Fame also hosts a range of exciting events and concerts, offering an immersive experience that celebrates the artistry and heritage of jazz. 

12. Swing into golf fun

Birmingham’s golf courses cater to all skill levels, providing a perfect opportunity to enjoy a day on the links amidst stunning Southern landscapes.

“Every new resident of Birmingham should consider creating a bucket list of nearby golf courses. There are numerous courses to choose from within a 75-mile range,” shares JW Farquhar at Golfholes, a golf course directory site. “However, the Robert Trent Jones Trails are the most popular three courses and are probably on the bucket list of most US golfers.”

Unique things to do in Birmingham, AL: Final thoughts

As you meander through the walkable neighborhoods of Birmingham, AL, you’ll discover a city brimming with distinctive experiences, hidden gems, and endless unique things to do. Whether you’re a local rediscovering your hometown or a visitor seeking something off the beaten path, The Magic City promises memorable moments at every turn. So, the next time you’re looking for an adventure, remember that Birmingham’s unique charm is just waiting to be explored.

Source: rent.com