Banks that sponsor MBA

Are there any banks (BB, EB or MM) that pay for A2A promotes to go to business school?

And how many years do they expect you to work for them after the MBA?

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Comments (9)

Apr 19, 2020 - 3:07pm

Interested in this topic as well.
How is it so common at consulting and at BB's you don't hear about it?

  • Intern in IB-M&A
Apr 19, 2020 - 3:30pm

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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  • Analyst 3+ in IB - Ind
Apr 19, 2020 - 5:19pm

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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