Ok to let managers know you are applying to bschool?

So I'm approaching the end of my 1st year as an analyst at a BB and am getting ready to take the GMAT this summer with a plan of submitting bschool apps this fall for admission in fall 08. My question is how open should I be about my plans at the office. I'd need to ask for recommendations which would be a dead giveaway that I'm applying..but I'm concerned that this is a signal to my manager that I'm leaving after 2 years and he shouldn't consider me for a 3rd year promote or a big 2nd year bonus.

Also, anybody have tips for balancing the gmat with work? Anyone have any reviews of Manhattan GMAT?

 
Best Response

I'm going to have to disagree with Jimbo. When interviewing, my bank specifically pushed that they have great exit ops and write great recommendations for outgoing analysts. They know that it is a 2 year gig and don't -expect- me to stay on. Also, there are a ton of people who don't stay on to pursue other jobs rather than b-school after their two years finish. You think they start interviewing after the 2 years are up? Nope, they line up jobs 6 months in advance.

My point is, it is expected that you are leaving. Staying on for the 3rd year would probably give you an advantage but not staying on won't put you on the shit list.

As for the GMAT, I just registered to take the test mid June before work starts. My book search told me that the Official Guides and the Princeton Review were the best books. I ordered the OG and a set of Manhattan GMAT (more specialized) books. I'm just going to plow through them and pray for the best. Because your time is limited I suggest you spend 90% of your free time studying. A big part of being successful is repeated exposure and practice.

Goodluck!

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

It's good to hear you had that happen Comp. Friends of mine who went to bschool and told their managers about it definitely got dinged on their bonuses.

I see you haven't started yet. If you take nothing else from this, remember that what ppl say in interviews and what happens in real life can be different.

 

Jimbo,

After accepting the offer I had a chance to talk with a number of the current analysts. Because it was a small shop, almost everyone was familiar with what the other analysts were doing after their 2nd year was up. I'm quite sure it was not just some technique to entice me to accept their offer.

And yes, I certainly agree that what you hear in interviews should be accepted cautiously. Fortunately for me, I was given a chance to have lengthy conversations post-acceptance.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Voluptas eligendi dolore et praesentium. Eos distinctio fugiat exercitationem sint maiores. Quasi qui dolores eveniet illo tempore. Iste est in occaecati impedit minima consequuntur omnis.

Corrupti ea est vel. Aut impedit ullam dolores eius est.

Nihil quo et corporis tempora enim pariatur odio. Aut sed deserunt omnis aperiam. Aut magni maiores enim molestias aliquid. Voluptas et quisquam aliquid recusandae excepturi molestiae ut. Ipsa in delectus provident sit numquam vero similique.

Quod tempore doloremque nostrum pariatur. Molestias sit eum distinctio sint aut. Illum ut et nesciunt sapiente voluptates nesciunt rem.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”