McKinsey / Accenture / Got all BIG3 offers / More than 300 real MBB cases / Harvard Business School
Book a coaching

MBB Sponsoring MBA at Senior Consultant Level

Anonymous A

Hi guys,

Do MBB firms sponsor senior consultant level for MBA ? If yes, what are the typical contractual agreement? Are sponsored consultants bond to the company for "x" number of years of employment?

Regards,

  • Upvotes
  • Date ascending
  • Date descending
Vlad replied on 02/13/2018
McKinsey / Accenture / Got all BIG3 offers / More than 300 real MBB cases / Harvard Business School

Hi,

Companies may sponsor in 2 ways:

  1. You get the sponsorship for the tuition and some living expenses. After MBA you have to come back for 2 years. Or you have to repay the loan (terms are not that bad btw)
  2. You didn't take the sponsorship and paid yourself but you decided to get back. In that case, the company will reimburse you what you've paid. The option is not available across all the countries and all offices. The option may work as well if you are making a transfer to a different country.

The 2nd option is in general better since you get a significant fellowship as a non-sponsored student (up to 70% of tuition across Harvard and Stanford. up to 90% in Harvard starting from this year). For Big3 firms, it's also better since they reimburse the discounted amount. And you are always free to switch to a different company during MBA.

If you just join MBB the first time after MBA you get a sign-on bonus of 30-50k

Best,

(edited)

Currently non-active expert
Expert
replied on 02/13/2018

I can't edit my answer below, but following Andrea's point let me clarify:

- I was indeed referring to people that join the company in entry role positions and progress within the comapny; while at Mckinsey most of the people do the MBA between Business Analyst and Associate roles, most of my MBA colleagues from Bain were already Project Managers (senior consultant then!)

- besides, I also know of a McKinsey guy from the London office, who joined as Junior Associated (experienced hired), and still got an offer to do a Sponsored MBA (he declined it though)

Best

Bruno

Andrea
Expert
replied on 02/13/2018
Former BCG decision round interviewer with 300+ real interviews in 8 years

MBB sponsor their high performing associates/business analysts to pursue an MBA and then they "lock them in" for 2 years after they return. Usually companies pay for tuition and give a living expenses stipend ($10-20k).

I've never heard of MBB sponsoring someone who joins the company as a senior consultant.

Hope this helps,

Andrea

Currently non-active expert
Expert
replied on 02/13/2018

Hey,

Yes, MBB firms definitely sponsor consultants to do their MBA programs! I'm just finishing a sponsored MBA :)

However, the actual details of the sponsorship (full tuitions, partial tuitions, some living costs, etc) depend not only from company to company, but also varies across locations/offices. The same applies to the lock in period after MBA, but in most of the cases you should expect a 2 year period.

Best

Bruno