Do other firms pay for graduate school? If so, how is it awarded (e.g., you are reimbursed X% over a number of years)? Are awards taxed as income or a bonus? Thanks!

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Income and bonuses are taxed the same.

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Sorry “grad school” = MBA

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Thanks - how is it tax free? Isn’t any financial benefit considered income?

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Very rare and getting rarer

Nope, except MBA.

What about medical school?

PwC has an advisory scholarship where they pay for a few people to get their MBA’s. They cover all of it and you only owe them 3 years after for it.

PwC - what are the tax implications? Do they pay for it upfront or is it reimbursed as a bonus?

OP, it's paid directly to the school (upfront). It's tax free. Appx. 15 - 20 people receive it every year and it'll cover EMBA, MBA, and PT MBA.

Source: Recipient of sponsorship

No, PwC classifies it as working condition benefit - the education is required to maintain employment and does not guarantee you a new role.

Different firms will pay out the benefit differently. Many will pay it out as a bonus over the course of 1 - 3 years.

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