Seriously, given the economic environment and the unknown recovery time, focus on networking, the industry, and doing well in school. You don't need to be best dressed, you need to be either: the most networked guy or the smartest guy. What is the point of looking good if you don't know anything? I guess at least for the first part "Hi, I am (insert name here)" you are still in the running. I went to a Top 5 MBA program, so I am not trying to be salty because I am some bitter person. Plenty of poorly dressed people got jobs over their better dressed peers during business school. Just look presentable, save the rest of your money for all the travel to NYC you need to do on your own dime to network. Unless you are going to school in NYC. Remember fit is key, brand names only mean so much. I don't remember the post, but someone once said, people can't describe what it is about someone who has everything fitting right but it just looks right. In other words, no can (except people here) say exactly why you look so good but you do and a lot of has to do with good fitting clothes.) One last thing, since you are starting school next year - try getting into great shape this summer, lose weight get fit develop good eating habits if you don't have them already. Get a head start on networking if you can. Or try to find an internship before school starts to give yourself an advantage. Good luck!