McKinsey & Company Bain & Company anyone have insights into mbb mba sponsorship packages? how much do they help w applying / studying for GMAT / support while in b school McKinsey & Company Bain & Company Boston Consulting Group

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BCG: they get you a virtual class for the GMAT (don’t pay for the test itself), provide a structured regimen and accountability during the application process to get the essays done well (coaches, etc.), then they pay for tuition + ~$16k pre tax stipend (one time) and you owe them two years of work afterwards to pay it off. It’s prorated so every day you work you owe less

Source: was sponsored

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Thank you for the insight btw!! That’s not that bad actually, effectively it’s one year before submission of apps

Post this in the Bain bowl as well. Bain‘s sponsorship is significantly better than the one outlined from BCG

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B1 - is the signing bonus part of *or* in addition to the $55k stipend?

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McK - just sponsored:
- $2k for whatever prep materials you need
-$2k for a computer
-events with admissions committees with the top b-schools
-full tuition paid either directly and no taxes or via interest free loan with taxes (you pick)

Everyone in good standing is eligible, no selection process. Instead of MBA you can do another graduate degree and McK will reimburse up to the highest cost of M7 MBA.

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No official tenure requirement (Firm has a big push away from looking at tenure and more at merit). You can get prep material whenever, and I got officially sponsored 1.5 yrs in

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Bain is much better for sure for this

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Mck

- two options direct tuition pay (no taxes) or a loan (taxes)
- no additional time off to practice (have to take pto)
- $2000 to cover books and gmat prep
- $2000 to buy new laptop
- receive $$$ up to the amount of a signing bonus of a new mba hire

Can’t really think of something else . But roughly what it is above from what I remember

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all super helpful… didn’t know Bain vs BCG sponsorship was that different. how about mck? curious to see what their mba sponsorship looks like

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If you’re applying for a transfer to another office post MBA (say, EMEA to NA) would you still be able to get the sponsorship?

Yes but more complicated .

The new office needs to accept your loan / sponsorship amount . So a shit ton of networking is needed

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