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May 31, 2024
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Only examples I know we’re in the MMIB arms of B4 firms. Could apply for the sponsorship after 3 years and had to commit for ~2 after I believe, same goes for their consultants.
Have a buddy at Baird, I know they do. Not sure what the back end commitment looks like.
Interested in this topic as well. How is it so common at consulting and at BB's you don't hear about it?
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.
Been a while been while so not sure if changed but when I was recruiting for EVC they mentioned they would that that for Associate level only for exceptional cases. Essentially they would pay for it and u would get 1 year promo at work but in return you had to work there for 2-3 years afterwards
That’s still the case; think the commitment is 2 years after.
No one has ever taken them up on it, however, as most analysts leave and those who stay on typically don’t see the need.
Pretty sure similar (and similarly un-utilized) programs exist at all of EVR’s competitors as well.
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.
Thanks for the insight everyone - super helpful.
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