Find all School-related info fast with the new School-Specific MBA Forum

It is currently 26 Jul 2014, 11:52

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Company Sponsored Part-time Mba. How many commitment years?

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Intern
Intern
avatar
Joined: 12 Jan 2012
Posts: 1
Followers: 0

Kudos [?]: 0 [0], given: 0

Company Sponsored Part-time Mba. How many commitment years? [#permalink] New post 06 Oct 2012, 14:08
I am in negotiation with my company for a sponsored part-time mba program (weekends). The program costs roughly $45K (paid in 7 instalments over 2.5 years).

What is the typical number of years that people sign to commit to the company after they have graduated?

In my meetings with the owners, numbers as high as 8 years were mentioned. (I have to fully repay them if I chose to leave the company in the mean time.).

What is the typical number of commitment years you or people you know have had to sign for a fully sponsored mba?

Thank you for your input.
Current Student
avatar
Joined: 04 Oct 2011
Posts: 430
Concentration: Finance
GMAT 1: 700 Q44 V41
GMAT 2: 750 Q48 V46
GPA: 3.03
WE: Project Management (Military & Defense)
Followers: 11

Kudos [?]: 106 [0], given: 149

GMAT Tests User Premium Member
Re: Company Sponsored Part-time Mba. How many commitment years? [#permalink] New post 06 Oct 2012, 14:31
8 sounds crazy, 4 years would be more reasonable.
Manager
Manager
User avatar
Joined: 25 Jun 2008
Posts: 129
Concentration: General Management, Technology
Followers: 2

Kudos [?]: 25 [0], given: 5

Re: Company Sponsored Part-time Mba. How many commitment years? [#permalink] New post 07 Oct 2012, 08:13
While I am not fully sponsored, my company is covering well over half of my tuition. Fortunately my company is not forcing me to sign any commitment contract in order to receive the funds. Speaking with a few students in my program, the students who are sponsored in some fashion typically have to commit to the organization for two and four years. Eight years is incredibly high.
Intern
Intern
avatar
Joined: 25 Jun 2009
Posts: 15
Concentration: Strategy, General Management
Schools: Booth '16 (A)
GMAT 1: 720 Q46 V44
Followers: 0

Kudos [?]: 14 [0], given: 2

Re: Company Sponsored Part-time Mba. How many commitment years? [#permalink] New post 07 Oct 2012, 08:19
Eight years is crazy high. Even four seems too high, especially for a weekend MBA. I know all of the strategy consulting firms require two years post-MBA, and that's for full-time MBA ($100K+). According to the New York Times, Target requires two years after sponsoring a part-time MBA at U of Minnesota.

I would do some research and use articles like the one above to negotiate a lower time commitment.
Manager
Manager
avatar
Joined: 08 Sep 2011
Posts: 176
Location: Thailand
Concentration: Strategy, Entrepreneurship
Schools: Sauder '16 (A)
GMAT 1: 700 Q45 V41
GPA: 3.29
Followers: 3

Kudos [?]: 27 [0], given: 21

Re: Company Sponsored Part-time Mba. How many commitment years? [#permalink] New post 11 Oct 2012, 00:25
I read an article somewhere about an applicant being sponsored by one of the top consulting firms for a full-time MBA at (I think it was) HBS. She took out a loan first, and the company would pay her back in 4 installments. She had to commit to stay with them for at least 2 years. If she left after 6 months, she only got 25% of her money back (since 1 installment would be for staying 6 months). 50% if after one year, 75% if after 1.5 years and she would recoup everything if she stayed the full 2 years. Sounds like a pretty great and fair deal to me.

For your case, I would like to cosign the comments above: 8 years is WAY too long. I'm sure you can convince them to give you a better deal. Good luck :)
Manager
Manager
avatar
Joined: 14 Nov 2010
Posts: 239
Followers: 8

Kudos [?]: 12 [0], given: 7

GMAT Tests User
Re: Company Sponsored Part-time Mba. How many commitment years? [#permalink] New post 15 Oct 2012, 07:22
A friend works for a consulting firm and earned a company sponsored MBA with a three year commitment. 4-5 years may be a stretch for other firms in manufacturing, but eight years are way off. You may wish to negotiate for better terms as one may find your employer's terms too restrictive.
Senior Manager
Senior Manager
User avatar
Joined: 30 Jul 2012
Posts: 340
Concentration: Finance, Economics
GPA: 4
Followers: 11

Kudos [?]: 111 [0], given: 215

Re: Company Sponsored Part-time Mba. How many commitment years? [#permalink] New post 17 Oct 2012, 10:49
For what it's worth, in my company you have to work for double the time you went to study full time. If you leave earlier, you must the entire amount you were given within a month. And yes, some people do 6-year PhDs. Do the math :) But if you do a 1-year degree it seems like a good deal.

For part-time programmes, there is no commitment at all.
Director
Director
User avatar
Affiliations: Columbia, Wharton, LBS
Joined: 02 Nov 2009
Posts: 592
Schools: Harvard, Stanford, LBS, Columbia, Wharton, HEC Paris
Followers: 17

Kudos [?]: 112 [0], given: 1

GMAT Tests User
Re: Company Sponsored Part-time Mba. How many commitment years? [#permalink] New post 17 Oct 2012, 16:43
We have advised many students who were fully sponsored by their company; and the average is a four year commitment. However, every company has their own policies and I have seen the commitment range from zero to six years (nothing more than six years though).

Kimberly Plaga
Senior Admissions Consultant
Manhattan Review
_________________

Manhattan Review GMAT Prep & MBA Admissions Consulting
Web: http://www.manhattanreview.com | Phone: +1.212.316.2000
Receive 20% off Admissions Consultings as GMATClub member!

Re: Company Sponsored Part-time Mba. How many commitment years?   [#permalink] 17 Oct 2012, 16:43
    Similar topics Author Replies Last post
Similar
Topics:
1 Company Sponsored MBA: Agreement to Return? lfa 2 22 Jul 2013, 13:24
2 Internship company sponsoring 2nd year in full-time program lb2015 3 09 May 2013, 11:41
Which companies sponsors MBA programme rishi4you 2 10 Nov 2008, 17:48
How Many Work For A Small Company? IHateTheGMAT 22 30 Aug 2008, 12:27
Part-Time MBA in Two Years pinkfloyd 4 23 May 2005, 22:01
Display posts from previous: Sort by

Company Sponsored Part-time Mba. How many commitment years?

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.