Accenture's Management Consulting side will pay for it if you come back and get into one of the schools in their list (mostly Top 10-15). You have to apply and be selected for the program, not open to anyone who gets in to any of the schools.
Do Corporations pay for MBAs anymore? (Originally Posted: 06/15/2014)
Hi guys,
I am looking into MBA programs and the best/most cost-effective way to obtain one. To me, the best strategy for minimizing debt while getting the MBA is to crush it at your job and work for a corporation that will pay for a part-time MBA partially or in full, and therefore obtain the degree with little or no debt.
My question is, what's the catch? Why are there so many people who go back to school full-time and pay the $110k in total tuition, not to mention the 150-200k opportunity cost, when they can simply get a part-time MBA while working? Are part-time MBAs not as "prestigious?" Is a full-time MBA from a top-20 looked at differently than a part-time MBA?
The "catch" is most people that are going back to get their MBA are looking to move to a different firm/function/industry. If you are a sponsored student (Yes, there are firms that still pay for MBA studies), you usually owe said firm 2-3 years service post-MBA at a minimum. You'll then miss out on all the recruiting, assuming you're staying on your employer's dime.
The majority of p/t students are "career enhancers", while the majority of f/t students are "career switchers." Many p/t programs limit your access to recruiting resources, whether you're sponsored or not. Often, you have to be be 50% complete with the program, which basically precludes you from internship recruiting. In general, f/t programs offer a much richer experience because you can devote 60-80 hours/week to class, leadership experiences, travel, sports, clubs, networking, etc. F/t programs are also quicker, typically 22 months while p/t programs are more flexible and typically run 27-33 months, depending on your commitment level and work schedule.
Some firms still do, but they may have a preference for a PT or EMBA or Weekend programs. Many consulting firms require it and that came up during post offer negotiations (whether I would need one since I had a masters in management), the firm answered it's preferred and that they would potentially sponsor.
Never heard of this practice among BBs... neither as a big program nor a one-off situation. That sounds a lot more like something that's done in consulting to me.
Just about all of the top firms (MBB and Tier 2's) have programs that will pay for your entire MBA (Or an equivalent of 2 years of schooling, in case someone decides on a JD or other 3+ year program) in exchange for that person returning for at least 2 years following graduation.
Do any PE shops pay for b-school? (Originally Posted: 04/05/2013)
Is it unheard of for PE shops to sponsor a full-time MBA similar to strategy consulting firms and some i-banks?
Is this something that is perhaps negotiated on a case-by-case basis?
venturecapitalistaYes I know specifically of at least one mega BO doing this for an HBS kid, as well as guaranteeing a job post-grad with the summer free in the middle.
Textbook definition of #winning
reminds me of these commercials from my childhood...hey, it could happen
venturecapitalistaYes I know specifically of at least one mega BO doing this for an HBS kid, as well as guaranteeing a job post-grad with the summer free in the middle.
Textbook definition of #winning
AND a free summer?!? It seriously couldn't get much better than that. Insane.
Regards
"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan
Venturecapitalista, is someone about to get run over by a train in your avatar?
“...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.”
- Schopenhauer
Banks Policies on Paying for Business School (Originally Posted: 06/20/2011)
Can people elaborate on what policies different banks have towards paying for business school? I saw on an earlier thread that (pre-2008 obviously) Merrill offered to pay for b-school in exchange for a 2 year committment post-MBA and committment to work during the b-school summer. Do other banks (still) have policies like this?
Off the top of my head, I know that Baird will send exceptional analysts to B-school. I'm not sure how many years you have to stay on as an associate though.
TraderJoe1976GS pays if you do B-school part-time. MBB (consulting) pays for full-time MBA.
If I get my MBA part time while at GS, am I required to stay in the same division? The whole point of an MBA for me is to go from AM -> IBD. I'm a year away from applying, but I'm still curious.
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they will pay for your MBA if you get into one of their approved programs and agree to work for them for several years after you finish.
they will pay for your MBA if you get into one of their approved programs and agree to work for them for several years after you finish.
From my limited experience, this seems more common in consulting firms than in finance.
With that said, I'd be interested to hear what PE and VC firms pay for your MBA.
Accenture's Management Consulting side will pay for it if you come back and get into one of the schools in their list (mostly Top 10-15). You have to apply and be selected for the program, not open to anyone who gets in to any of the schools.
Do Corporations pay for MBAs anymore? (Originally Posted: 06/15/2014)
Hi guys, I am looking into MBA programs and the best/most cost-effective way to obtain one. To me, the best strategy for minimizing debt while getting the MBA is to crush it at your job and work for a corporation that will pay for a part-time MBA partially or in full, and therefore obtain the degree with little or no debt.
My question is, what's the catch? Why are there so many people who go back to school full-time and pay the $110k in total tuition, not to mention the 150-200k opportunity cost, when they can simply get a part-time MBA while working? Are part-time MBAs not as "prestigious?" Is a full-time MBA from a top-20 looked at differently than a part-time MBA?
The "catch" is most people that are going back to get their MBA are looking to move to a different firm/function/industry. If you are a sponsored student (Yes, there are firms that still pay for MBA studies), you usually owe said firm 2-3 years service post-MBA at a minimum. You'll then miss out on all the recruiting, assuming you're staying on your employer's dime.
I'm not touching the PT vs FT debate.
The majority of p/t students are "career enhancers", while the majority of f/t students are "career switchers." Many p/t programs limit your access to recruiting resources, whether you're sponsored or not. Often, you have to be be 50% complete with the program, which basically precludes you from internship recruiting. In general, f/t programs offer a much richer experience because you can devote 60-80 hours/week to class, leadership experiences, travel, sports, clubs, networking, etc. F/t programs are also quicker, typically 22 months while p/t programs are more flexible and typically run 27-33 months, depending on your commitment level and work schedule.
Some firms still do, but they may have a preference for a PT or EMBA or Weekend programs. Many consulting firms require it and that came up during post offer negotiations (whether I would need one since I had a masters in management), the firm answered it's preferred and that they would potentially sponsor.
Banks Which Sponsor MBA (Originally Posted: 01/22/2007)
Do anyone know for sure which banks sponsor MBAs for their analysts? Any thoughts would be appreciated.
Never heard of this practice among BBs... neither as a big program nor a one-off situation. That sounds a lot more like something that's done in consulting to me.
CS sponsors 2-5 analysts each year through an internal program. Very competitive.
you are correct about cs. i know someone who did this
it's pretty good, but i'm sure once the market heads south it'll be raining Merrill bankers (notorious for layoffs)
Firms that help pay for MBA (Originally Posted: 12/27/2012)
Are there some management consulting firms that will help pay for your MBA if you stay there X amount of years after you get it?
Just about all of the top firms (MBB and Tier 2's) have programs that will pay for your entire MBA (Or an equivalent of 2 years of schooling, in case someone decides on a JD or other 3+ year program) in exchange for that person returning for at least 2 years following graduation.
In normal cases: McK->HBS Bain->Wharton Mercer and RB also give out a few opps. idk about BCG though.
what is this rubbish?
that didnt make sense
Do any PE shops pay for b-school? (Originally Posted: 04/05/2013)
Is it unheard of for PE shops to sponsor a full-time MBA similar to strategy consulting firms and some i-banks?
Is this something that is perhaps negotiated on a case-by-case basis?
Yes I know specifically of at least one mega BO doing this for an HBS kid, as well as guaranteeing a job post-grad with the summer free in the middle.
Textbook definition of #winning
AND a free summer?!? It seriously couldn't get much better than that. Insane.
Regards
TPG pays for it.
Venturecapitalista, is someone about to get run over by a train in your avatar?
Atlas Shrugged fan art: http://www.cordair.com/larsen/motivef.php
Heard of Berkshire partners, TA Associates and Bain Capital.
are there any others? and is it just the top guy of the class or multiple?
Banks Policies on Paying for Business School (Originally Posted: 06/20/2011)
Can people elaborate on what policies different banks have towards paying for business school? I saw on an earlier thread that (pre-2008 obviously) Merrill offered to pay for b-school in exchange for a 2 year committment post-MBA and committment to work during the b-school summer. Do other banks (still) have policies like this?
Off the top of my head, I know that Baird will send exceptional analysts to B-school. I'm not sure how many years you have to stay on as an associate though.
doesn't exist where I am
GS pays if you do B-school part-time. MBB (consulting) pays for full-time MBA.
Nisi beatae aperiam repellat aut. Facere animi voluptatem dolor pariatur. Ut id dolorem possimus qui.
Ut molestiae fuga aliquid ratione et omnis quia. Hic quae eos illo voluptas ducimus ratione sint. Atque adipisci labore iusto molestiae et perspiciatis. Voluptatum quas minima repudiandae sed dolorem inventore quisquam. Et ad iusto sed ea inventore nulla vitae.
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