Ok to let managers know you are applying to bschool?

So I'm approaching the end of my 1st year as an analyst at a BB and am getting ready to take the GMAT this summer with a plan of submitting bschool apps this fall for admission in fall 08. My question is how open should I be about my plans at the office. I'd need to ask for recommendations which would be a dead giveaway that I'm applying..but I'm concerned that this is a signal to my manager that I'm leaving after 2 years and he shouldn't consider me for a 3rd year promote or a big 2nd year bonus.

Also, anybody have tips for balancing the gmat with work? Anyone have any reviews of Manhattan GMAT?

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Comments (9)

May 3, 2007 - 8:54am

it can definitely crush your bonus. decide if you want to run that risk.

May 3, 2007 - 10:02am

I'm going to have to disagree with Jimbo. When interviewing, my bank specifically pushed that they have great exit ops and write great recommendations for outgoing analysts. They know that it is a 2 year gig and don't -expect- me to stay on. Also, there are a ton of people who don't stay on to pursue other jobs rather than b-school after their two years finish. You think they start interviewing after the 2 years are up? Nope, they line up jobs 6 months in advance.

My point is, it is expected that you are leaving. Staying on for the 3rd year would probably give you an advantage but not staying on won't put you on the shit list.

As for the GMAT, I just registered to take the test mid June before work starts. My book search told me that the Official Guides and the Princeton Review were the best books. I ordered the OG and a set of Manhattan GMAT (more specialized) books. I'm just going to plow through them and pray for the best. Because your time is limited I suggest you spend 90% of your free time studying. A big part of being successful is repeated exposure and practice.

Goodluck!

CompBanker

May 3, 2007 - 10:25am

It's good to hear you had that happen Comp. Friends of mine who went to bschool and told their managers about it definitely got dinged on their bonuses.

I see you haven't started yet. If you take nothing else from this, remember that what ppl say in interviews and what happens in real life can be different.

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May 3, 2007 - 11:34am

well these guys were offered third years, so maybe that made a difference. but i'm not that up on ibanking.

May 3, 2007 - 1:55pm

Jimbo,

After accepting the offer I had a chance to talk with a number of the current analysts. Because it was a small shop, almost everyone was familiar with what the other analysts were doing after their 2nd year was up. I'm quite sure it was not just some technique to entice me to accept their offer.

And yes, I certainly agree that what you hear in interviews should be accepted cautiously. Fortunately for me, I was given a chance to have lengthy conversations post-acceptance.

CompBanker

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