MBB and MBA Tuition

Would say it also depends on the office.

uh....why would they pay for your MBA if you are not required to go back....

No, it's not all and yes you have to pay it back. I heard they structure it so YOU pay up front and they give you more on your salary when you come back to pay you back over a period of about 2 years. Not sure about that though.

I do not think many banks do this. If you want to do banking after your second/third year as an analyst and your bank think you got what it takes they will probably promote you directly to an associate. Sending you to a top 5 b-school/MBA and paying your tution is a waste of their money and time.

Are there limitations as to where you can go depending on your office location?

I am not sure what you guys are talking about, but I was at a BB and the policy was pretty clear. If you got an offer to come back as an associate after applying to B-school, they would pay for it, assuming you came back after you were done.

Most of the time it is prorated based on how many years you stay with the firm after you go. I think ours was 3 years, meaning you had to go back and be an associate for 3 years, or pay back the MBA costs on a pro-rated basis.

My PE firm does NOT pay for my mba :(

If they give you an offer to return and you accept the offer. It usually entails a minimum 2 year commitment from your end.

Would any BB pay for additional degrees? If you decided to stay with the firm for the long run (let's say 10+ years) and wanted to get a joint JD/MBA, would they pay for your JD too?

Joint JD/MBA? I've never heard of it.

Getting a JD by itself? Definitely possible (but depends on the firm, how much they like you, how much you're willing to push, etc). I don't know if I've heard of people getting MDs reimbursed, but it might be possible.

Here is what I know about it guys.

A friend of mine from MBB office in Central Europe who joined the firm as analyst got accepted into London Business School MBA and the company offered to pay for his tuition fees on provision he comes back to that particular office and work there for minimum of three years (London MBA is two years as opposed to many MBA programs which are one year. Had it been a one year MBA program he would have probably been required to come back and work for two years minimum-I guess) London Business School MBA is super expensive and he struggled since he had to find money for other expenses but he managed, as he said. Now, he says he will go back to work for them once he is finished, but his former colleague who also had his study leave paid by the company (he didn't do an MBA but a MSc at some top European university, by the way, they only finance programs at the highest ranking universities or business schools) decided to go and work for a different company after the study leave so he had to pay back the money over the period of two years. This is only fair since why would they pay for one's tuition if not to have you back work for them. Now, they don't pay just about everyone's tuition. As someone said it above, you must make a real case for it, get accepted into top top ranking institution and do either an MBA or a very specific MSc program. The worst thing is the sacrifice one must make following the study leave - remain with the company. For some its an advantage, not having to worry about the job for few years, but for others its a nightmare since over the course of the study one's professional interests may change, better job offers may come along and etc. In my opinion, its the best possible deal. You get a good MBA degree, tuition fees paid and the job waiting for you. What more can one want?