BB paying my sponsor off?
Hi everybody,
I signed a contract with Saudi Aramco that pretty much covers the expenses of my university education. I am supposed to repay that by working with them for 5 years OR pay it off. The latter is somewhat out of question (I hear it's somewhere near $1 million), and the former looks like a total drag if I was presented with the opportunity to work for a BB at a top group. Do you think a bulge bracket IB would pay Aramco off if I was a good enough candidate?
I met a person who graduated from MIT and signed the same contract that I did before he went to the US. Google picked him up after graduation and paid the tab (again, around $1 million).
Thanks in advance for your input
Are you serious.......what do you have to offer the BB (assuming as an Analyst or Associate) that is worth $1 million
Are you aware of the cost-conscious environment that the BBs find themselves in right now?
Is this a joke post?
Banks are still in the process of laying people off. Unless you have sat on a desk for a few years and raked in cash for your previous firm - no way.
Google didn't buy someone's contract out for 1MM, btw.
Seriously? I don't care how good you think you are....no one is paying a million dollars for you.
Really don't think that this kind of thing would happen...
Your university education cost $1million? Are you talking $1million USD or another currency?
Agree with the others though, even large corporations aren't gonna pay $1M for an entry level guy.
Aramco....seriously....
How am i only the second person to question how your education cost $1 million? lol
.
Even if you were paying 100 grand per year, your tuition would come out to less than half a million bucks... let alone a full million! And to answer your question, no, they would not pay out a one million dollar contract for you, unless you had some special quality which would actually make you worth the one million dollar investment.
i think he's saying saudi currency, which comes to 260K USD, which makes perfect sense.
Finally, someone realized what OP was trying to get at. OP means 1 million Riyals which equals to $266 134.
Punch your self in the face once or twice then since you're presumably in or around sand, dig a hole and bury your head in it.
well then maybe he shudnt have used the $ symbol....just sayin
I am aware of a similar situation recently at a bulge bracket bank, with a great summer analyst that owed a large debt to his native country. The group looked into options but there was no way to get the bank to pay. Used to happen from time to time at the peak of the market though.
Maybe he is the Middle Eastern undergrad at UMiami who bought a Ferrari with the oil money loan to drive around Coral Gables.
Well even at only 260 grand... the question remains, is he good enough of an investment for the company to pay that much for him? If yes, then he will probably get an offer of that caliber, and if not then no.
Just threaten them
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