MBA-FRIENDLY LENDERS

A lot of investment banks offer financial aid to their employees wishing to acquire a Masters in Business Administration degree. This is seen as fit since many professionals in the financial fields also have plans to take further studies for the purpose of moving up. However, aside from the money matters, obtaining an MBA have other considerations as well.

Through the years, MBAs become more popular, and pricier as well. Usually, such programs cost $50,000 annually, and take up to 2 years. Firms who help their staff pay for this, but any sum they provide which goes over a specific exemption is taxable. Last year, the threshold is at $5,250.

Despite the common notion that having this attached to your name will help raise your position, it is important to remember that the investment banking field has several areas which are less likely to look for individuals holding this degree. These jobs include trading, portfolio handling, and sales.

Banks have different ways on how they grant aids to their workers seeking for MBAs.

Goldman Sachs

Considered as the biggest investment lender globally, Goldman helps its staff in paying their tuition fees. It provides fellowships to first years taking up business courses who are of Hispanic, Black or Native American descent. An evaluation of the candidates is conducted, which lauds their accomplishments in leadership and community activities after undergoing the so-called Summer Associate interview. Successful applicants get $25,000 from the firm, which is added to their income. If they are able to finish a summer internship and accept a full-time offer from the company, they are given an additional $50,000.

Baird

This institution's scholarship program takes care of 100% of an MBA education expenses, provided that the individual meets the necessary criteria. These standards cover job excellence and industry commitment. Before qualifying for the funding, the student must be able to get in an approved school, work for Baird during their first break, and go back as an associate.

Credit Suisse

This bank’s fellowship scheme is a highly similar to Goldman’s, especially in terms of target races. Those who are eligible for the program must be enrolled full time, and should be able to complete a practicum during their initial summer break. Employees under this will get $15,000 worth of stipend during for year one, as well as training opportunities in the lender’s branches. They can get another similar amount if they take a job offer from the firm after finishing their course.