Should B-schools Pay Students To Complete Their Education Like How Stanford Is Doing?

Folks, I was browsing through CNBC today and came across this articlewhich said that Stanford was going to pay the $160,000 for tuition and fees for up to three students over two years if they have a connection to the midwest and promise to work there post graduation.


Once scholarship awardees graduate, they must then return to the Midwest "in a professional role that contributes to the region's economic development" within two years of graduating. By the time scholarship winners have been out of the Stanford MBA program for four years, they must have worked in the Midwest for two.

What do you think of the move? What are the job opportunities out there? Should more universities come forward with such schemes to promote uniform economic growth?

 

I saw that before somewhere else and I think it's a great idea. By definition, it's self-selective, but I am still curious what happens if life happens, i.e. someone falls in love and gets married and doesn't want to leave for the midwest anymore.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

Many developing countries have smilar programs where talented students can study in top schools abroad for free but are obliged to come back. In case they stay it just becomes a study loan.

 

Interesting. Do you know whether these loans carry higher interest than the average student loan? Otherwise what stops someone from taking advantage of these programs?

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

How are they defining contribution to the region's economic development? I'd be happy to take this scholarship and go work at a PE firm in Chicago but I'm not sure that would meet their standards

 
domino99:
How are they defining contribution to the region's economic development? I'd be happy to take this scholarship and go work at a PE firm in Chicago but I'm not sure that would meet their standards

Good point ...

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

I think that this works well for Stanford and for the students that are eligible for this opportunity. I think this is good for schools that want to attract top talent or broaden their reach. However, if the school already has good brand recognition, I don't think it does too much.

 
Best Response

I think the Rust Belt will be saved by an incremental 2-3 Stanford MBAs working in St. Louis. If only the Midwest could attract a couple of Stanford MBAs who deign to work there for a couple of years, that would surely make a real impact.

This is PR drivel to me that will be of no consequence. It would be like Stanford offering 1 scholarship to 1 black student to satisfy diversity needs.

Law schools have offered similar programs for students who go into, say, the public defender's office after graduation. The reason is that doing so is akin to charity. I guess Stanford views the Midwest as a charity case.

 
brotherbear:
This is PR drivel to me that will be of no consequence. It would be like Stanford offering 1 scholarship to 1 black student to satisfy diversity needs.

I'm sure this exists at some university ...

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

A error ad est vel. Ipsum asperiores dolores dignissimos quis unde. Placeat ipsum sint voluptatem rerum assumenda sit. Quae quis ut unde et ut quaerat.

Qui dolor blanditiis recusandae corrupti autem nesciunt aut. Atque et est sed veniam quod magnam culpa. Quibusdam ullam voluptatem occaecati et. Ut dicta est maiores dolorum.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”