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MBA MBB payment
New answer on Nov 27, 2020
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Anonymous A asked on Nov 19, 2018

what happens when an associate of an MBB goes for an MBA, comes back and decide after a while to quit to join another firm. Will he/she have to pay the whole amount of the MBA the company had paid for?

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Anonymous B replied on Nov 19, 2018

Hello!

Based on what I know of two industry companies and one consulting firm, payback is usually per time. For instance, if you study for two years, you're expected to stay in the company for two years after to pay back all your dues.

Should you choose to leave before that, then companies/firms would most likely do one of three things:

  • Ask you to pay back what's left of the amount immediately (they'll take as much as needed from your severance, paid leaves, etc. before your resignation).
  • Set up a payback plan (i.e. installments).
  • Mix between first and second points above.

In very big companies, however, entities responsible of academic development financial lags will turn a blind eye due to the tedious and convoluted legal procedure taking place on their end, though that is a rarity.

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Gaurav
Expert
Content Creator
replied on Nov 27, 2020
Ex-Mckinsey|Certified Career Coach |Placed 500+ candidates at MBB & other consultancies

Yes,

He/she will pay back

GB

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Henning
Expert
replied on Nov 27, 2020
Bain | passed >15 MBB interviews as a candidate

The debt is typically repaid pro-rata, so if that associate has a two-year payback period and leaves after 1 year, 50% of the amount needs to be repaid.

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Clara
Expert
Content Creator
replied on Nov 27, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Yes, they would pay back

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Egor
Expert
replied on Nov 19, 2018
Collected McKinsey & BCG offers/ Ex-McKinsey consultant/Harvard/WBS/MSU

Hi A,

Associate will pay what is left depending on how many months he worked for a company after MBA.

What is more, you can negotiate signing bonus with your future employer to cover expenses for MBA.

Kind regards,

Egor

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Vlad
Expert
Content Creator
replied on Nov 19, 2018
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

He will pay pro-rata what's left.

Best

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