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Assuming its because the banks don't see value in A2A promotes going to b school. Typically MBA associates don't have a banking background, so I think it's that most banks see it as a waste to send A2A promotes out for 2 years and spend $100k+ on a degree that doesn't help them as much. For consulting, pretty much all senior consultants have MBAs and it's essentially a prerequisite for getting promoted, so there's just a bigger culture of firms paying for it.

 
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My BB doesn't sponsor and most of the BBs buddies work at also doesn't sponsor. It doesn't make sense from a business perspective for a BB to sponsor MBA.

I know people at boutiques both on the sellside and buyside that do sponsor. I think they typically sponsor only a portion of it, as it its not a free ride. But you also have to return to the firm and work at least 2 years. There are probably tons of other provisions as well like if you leave early you have pay back certain amount, bonus could be at risk etc.

 

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