I've been a high performer at my fund and during my performance review the Partners told me that they would like to sponsor business school for me. I struck out this year (730 GMAT, no name LMM fund, straight white Christian male, what do you do) but I am planning on applying again next year.
We didn't talk specifics because I hadn't gotten in, but I wanted to see what y'all think reasonable terms would be for sponsorship. I'm interested in the following, but please add to the list if you know more:
- Title: I assume Vice President, but is that market for LMM/growth funds? (I'd be 3 years at the fund before returning, and am being promoted to Senior Associate this year)
- Compensation/Carry: Negotiate before going, or upon returning? And what benchmarks should I use?
- Payback period: at my MBB, it was 2 years for sponsorship, but is that market for PE?
- Clawback: What happens if I'm fired for performance issues? Leave? etc.
- Expenses: Should I negotiate for just tuition, or housing as well? Stipend, healthcare, technology, etc.?
- Return bonus: Anything I should consider here? Bain did a "coming back to Bain" bonus, but not sure if it's market in PE
- Internship: Should I negotiate not "interning" at my fund? I would think they'd want me to "intern" there during the summer
Would love any info on anyone else's sponsorship packages as well.
-KHC
I would add:
- relocation costs 2x (moving to school and back)
- are you giving up anything that has monetary value to go to school? need to sell a house? are you missing out on compensation? anything else? a good example are parking fees, that can be really high at college. UCLA (as an example) charge 2K p.a. for a parking permit in some special zone.
- do you want to live in the same location post business school? Now would be a good time to negotiate the location post degree, if needed.
I know a guy who did Columbia for a firm and he had to commit for four years after they paid for the degree.
Explicabo nobis omnis vitae tempora aut. Qui consequatur optio eum et porro eius. Ut qui laborum maxime aut voluptatibus. Atque animi deleniti incidunt rerum blanditiis magnam qui. Voluptatum corporis unde necessitatibus quo iste aut perspiciatis et. Unde expedita explicabo impedit.
Vel debitis pariatur officiis necessitatibus animi adipisci. Sit laborum ipsa odio ipsam sed. Enim accusamus quasi laudantium repudiandae suscipit. Suscipit non ipsam quisquam et voluptatem omnis ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...