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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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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Yes,
He/she will pay back
GB
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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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Yes, they would pay back
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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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Hi,
He will pay pro-rata what's left.
Best
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