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![[BENCHMARKING] Corporate Sponsorship](/forum/styles/gmatclub_light/imageset/icon_post_target_unread.svg "[BENCHMARKING] Corporate Sponsorship"){kind=icon}
04 Jul 2011, 17:30
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Hi all! Hoping this will spark a decent discussion...
A quick summary about my situation: I am 29 and will be attending UCLA Anderson FT starting this fall. To do so, I assumed I would be leaving a good position at a Fortune 500 hospitality company that pays just under six figures and funding my MBA 100% on my own. My end goal was to move into consulting post graduation (a big assumption, but my resume fits almost perfectly and I already have a network at the big firms) before eventually moving back to fortune 500s after 3-4 years in consulting.
Here's the monkey wrench... Upon breaking the news to my employer, they countered with a deal. If I return to them after school (I haven't received the official letter yet) they are offering:
>> 50% tuition reimbursement
>> paid 10 week internship for Summer 2012 @ current salary (estimated value of $20k)
>> FT position at conclusion of program in 2013, likely in the $110-120k neighborhood (specifics unknown - they are flexible)
>> 2-3 year commitment (what is common - I'm speculating here)
I was hoping to get some perspective from others who have had a Corporate Sponsorship or know folks in similar positions and are willing to share their stories. Really looking for specific insights to:
a) have some benchmarks to understand if the above is low / typical / high
b) do offers like this usually state the salary (or a range) of FT position at end in the deal? I am hoping to include this to avoid any surprises, but want to understand if this is common practice.
c) receive some advice on what I should make sure is included/excluded before signing (e.g., moving expenses, signing bonuses, etc)
d) anything else you think would be helpful to myself or others in my position
Obviously personal circumstance has a heavy influence on how right sponsorship is for each individual, but any feedback/thoughts/commentary would be much appreciated as I decide to accept/counter their proposal. Many thanks in advance to anyone who contributes...
A quick summary about my situation: I am 29 and will be attending UCLA Anderson FT starting this fall. To do so, I assumed I would be leaving a good position at a Fortune 500 hospitality company that pays just under six figures and funding my MBA 100% on my own. My end goal was to move into consulting post graduation (a big assumption, but my resume fits almost perfectly and I already have a network at the big firms) before eventually moving back to fortune 500s after 3-4 years in consulting.
Here's the monkey wrench... Upon breaking the news to my employer, they countered with a deal. If I return to them after school (I haven't received the official letter yet) they are offering:
>> 50% tuition reimbursement
>> paid 10 week internship for Summer 2012 @ current salary (estimated value of $20k)
>> FT position at conclusion of program in 2013, likely in the $110-120k neighborhood (specifics unknown - they are flexible)
>> 2-3 year commitment (what is common - I'm speculating here)
I was hoping to get some perspective from others who have had a Corporate Sponsorship or know folks in similar positions and are willing to share their stories. Really looking for specific insights to:
a) have some benchmarks to understand if the above is low / typical / high
b) do offers like this usually state the salary (or a range) of FT position at end in the deal? I am hoping to include this to avoid any surprises, but want to understand if this is common practice.
c) receive some advice on what I should make sure is included/excluded before signing (e.g., moving expenses, signing bonuses, etc)
d) anything else you think would be helpful to myself or others in my position
Obviously personal circumstance has a heavy influence on how right sponsorship is for each individual, but any feedback/thoughts/commentary would be much appreciated as I decide to accept/counter their proposal. Many thanks in advance to anyone who contributes...
05 Jul 2011, 06:36
Kudos
Bookmarks
My company does full reimbursement with a 2 year post-grad commitment. I'm not sure of details regarding summer internship and compensation post-grad.
One thing to consider would be to use this offer from your employer as a safety net. If at the end of two years you have a better offer, pay back your current company and move on to the new one. If at the end of two years you have no other offer, then you still have a job in your back pocket.
One thing to consider would be to use this offer from your employer as a safety net. If at the end of two years you have a better offer, pay back your current company and move on to the new one. If at the end of two years you have no other offer, then you still have a job in your back pocket.
16 Dec 2011, 13:03
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My company's policy involves me laying out the cash, not getting reimbursed until grades are in, only getting reimbursed 100% for As (90 for Bs, 75 for Cs), and then having 1/36th of my debt forgiven every month I work for them after graduation.
