GMAT Club Legend
Joined: 10 Apr 2007
Posts: 4307
Given Kudos: 5
Location: Back in Chicago, IL
Concentration: General/Operations Management
Schools:Kellogg Alum: Class of 2010
Q49 V42
Re: [BENCHMARKING] Corporate Sponsorship
[#permalink]
26 Dec 2011, 16:56
I know sponsorships that range from far worse than yours, to people who get 100% paid, living stipends, 30% raise when they rejoin, executive mentor, and 2-3 year post grad commitment.
Obviously you should negotiate if possible. Also who knows what the economy will hold, so having a sure job post grad is a great thing. I would say see if they will pay all for a 3 year commitment, important with this is to get a repayment schedule...if you last 2.5 years you dont want to owe them 100% back.
Get it all legal and signed, along with a range for post grad jobs, possible locations, and the date they have to give you the fulltime offer. I know a few people whose companies when the economy went south didn't give fulltime offers and tried to bail on deals. WIth a signed contract one of my friends walked away with no student loans and didn't have to go back to his company because they failed to meet certain dates for a fulltime offer. Another was at a smaller boutique firm and got screwed second year because it was a handshake deal. Without a date for them to provide a fulltime offer you could miss all recruiting if something goes wrong.