Hi all,
I tried to find some generic tips on this online but couldn't really find an answer specific to those working in investment banking or, more widely, finance. Assuming someone has worked in a front office investment banking position for three or four years, and saved as much as an investment banker at this age is expected to save (between $10k & $80k), how do you so many of these junior bankers go onto do some of the most expensive MBA programmes in the world? Even if you save $100k, that's nowhere near enough to finance the tuition fees, living expenses and accommodation costs of a two-year American MBA programme. Also, it seems as the banks are reluctant to finance and’ employee’s MBA programme. Does this mean that everyone is able tomorrow north of $50k from their parents? Or do they all have some unknown stock of assets somewhere?
The numbers don't really add up to me and I was wondering if someone can explain how I should consider funding my future MBA? Do most of the top programmes offer financial aid to all students as is necessary in each individual case? What about international students like myself?
thank you!
You can get your MBA sponsored, don't you? Plus, there are a lot of scholarships that you can benefit from (at least in Europe there are plenty of those).
I haven't heard of many investment banks or buy side firms sponsoring MBA programmes at all, neither in the US nor here in the UK.
With regards to scholarships, yes I agree they exist but they are likely to be incredibly competitive & reserved for people who aren't on investment banking salaries, no?
I’m general you probably will have to take out loans. But with IB salary before then with post mba IB,PE,HF, Corp dev salary, for the most part should be able to pay off the tuition pretty quickly
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