McKinsey & Company McKinsey & Company What is the business school policy? Are all BAs after 2 years eligible to get an MBA? Is tuition paid directly to the school and is it tax-exempt? How much is the annual living stipend and is it treated as taxable income?

like
Posting as :
works at
You are currently posting as works at

There are 2 ways the firm pays, one is direct and one is reimbursed. You can look it up on the intranet

like

IRS will always have their fingers in your pot

like

Unless you work for UN/World Bank, but that's a completely different conversation

smart

It doesn’t matter if tuition is paid directly or to you, education benefits are taxable. So is a living stipend. Income is income.

Can confirm. All of MBB have options in US to pay for b school and not owe income tax. Am doing it now

Related Posts

About to join McKinsey as a post-MBA associate. Any seasoned consultants willing to provide advice for how to ensure a successful start?

like

What is the industry average and highest Salary a Manager Management Consultant can earn today, with an MBA degree and 6 years of work experience?

Honestly, I am happy with the current pay but still when I hear the unrealistic figures from my friends and friends of friends it feels as if I am settling for less in life.

Any suggestions on how to get Salary correction internally within the same organisation? Thanks!

likesmart

I’ve been primarily Infrastructure for close to 10 years now. More recently in the areas of DevOps and Cloud I want to add some security creds so I’ve been looking ass the CCSP and/or CISSP...

Looking to go back to school for software engineering any tips?

like

I regret not applying to Harvard. I never thought I’d get into a top school and then got into wharton with a 100k fellowship - which changed my entire perspective. It sucks thinking “what if…”. I just didn’t have the confidence and thought wharton was a reach so why bother with H/S 🙃 hope this inspires someone to just shoot their shot - you never know

like

I am in need of some advice I have a bachelors in healthcare administration. My long term goal would be a CEO of a hospital. I am looking at masters programs and need some advice as what to get my masters in. I could get my masters in healthcare administration but would like to look at something a little different maybe healthcare leadership or something. Anyone have some advice?

like

Anyone completed their GCTI certification from SANS recently and willing to help share their index?

Not being lazy, but mine didn't work well in my practice test.

TIA!

like

Anyone use SOLELY Ninja for BEC? What was your study time and score? Worth it?

like

Moving from out of state - how do you read between the lines of Greatschool ratings? Is Fairfax really better than Loudon schools? Feeling overwhelmed with all the information on schools. Any tips on what to look for?

like
like
like

I’m a senior at KPMG interested in switching to another Big 4 firm and group. However, KPMG is currently paying for my masters which requires me to work an additional 3+ years at the firm in order for

I have got an offer for Manager level at a Big 4 in Consulting. People who are 3-4 years juniors at my MBA college are at Manager level and might get promoted sooner than me. Also, a couple of immediate juniors are at Senior Manager level.

Have you been in a similar situation? Is it awkard? How to handle it after joining?

PS: If you are wondering, I do not have a Big 4 or consulting experience while they have it.

like

Marsh

Current CTC - 9.5 LPA
Work ex - 2.5 years
MBA - from a decent B school
Designation - MT

Am I being underpaid? Just wanted to confirm for knowledge.

like

Any knowledge about Montessori schools in Portland? Childpeace in particular, but info about any would be appreciated. MSB? Sunstone? West Hills? Thank you

like

I’m having the hardest time finding a new job. I have 12 years of HR experience, a masters in HR, SHRM certification, and all I keep getting are rejection emails. I’ve never experienced this difficult of a time searching for new opportunities. Is this normal once you hit a certain level in your career or is it just me?

likehelpful

What are the best roles in big tech for someone with tech backround/software development experience ~1.5yoe with an MBA and consulting ~2.5yoe?

Thanks!!

like

Given Europe’s lower consulting salary compared to the US, what are the more lucrative post-MBA career paths? Salary progression and location is definitely appreciated.

like

Phr vs waiting for sphr?
Taking the credential and want to prep.

More Posts

Hi-I have 120K in cash in HYSA. After keeping emergency fund aside. Still have 75-80K available that I plan to invest. After 401k, HSA, IRA and monthly expenses: we are left with 6K every month. So investing 12K every month in market. My worry is with that rate - it will take us 12-14 months to move the extra 75-80K mentioned above. However do not want to make a bulk move. Any advise how to plan the switch. At present have 60K invested in stocks. Thanks

like

I’m looking to transition from healthcare to healthtech. I’m the head of marketing at my organization but I’m open to non leadership roles- demand gen, brand, communications and product. Please send me your recommendations!

like

Hi all,
Please help me with referrals for Investment Banks like Morgan Stanley, Goldman Sachs, JP Morgan. I have 3+ years of experience. DM or comment to connect. Thanks!

like

New addition to the collection.

Post Photo
like

0 motivation to get out for a run today

like

Can we just invade Iraq again? I’ll even start writing the patriotic country songs.

like

Pro tip: live close to poorer people to feel rich. The feelings of wealth are extremely subjective and is mainly based on comparison

likefunny

Kellogg results thread here!

like

Looking to do a fall shoot for a client before the leaves have changed and fallen. I need prop leaves. Anyone have any ideas about how where to contact for a massive amount of fake fall leaves?

Anyone else struggling with hormones / mood swings? I am almost 16 weeks and been having a real tough time lately, feeling really down and stressed about things. Sadly, causing tension between me and my partner as well as he cannot relate and seems preoccupied with business as usual. Trying to get out the funk and just telling myself it’s all the hormones.

Why does Siegfried have such a negative reputation?

Who all attended tc University today in kolkata?

funny

Can you get rejected for not explaining framework deeply despite doing everything else correctly (cracking the case? And getting the interviewer’s nods?)

like

NFW- I just had a good laugh. Earlier today I was on a video conference call reviewing a Private Label Agreement template with a larger company who wishes to brand label products we develop and manufacture. We came to a very one-sided provision and my sales VP stated “for this one, how can we just say ‘hell no’ ...nicely?” The other person on the call said we can replace the wording with just NFW (no f@$* way) and I said “I will have to add that to the defined terms section so it’s clear”

likefunny

Benefits of being a creative in house? Better hours? Is the pay the same?

likehelpful

After you moved in-house, how did you get more comfortable reviewing contracts or counseling on issues you weren’t super familiar with? I was very specialized at my law firm and took a similarly specialized role in-house….but I still get requests to mark-up types of agreements that I never touched at my firm. I’ve been trying to find CLEs to get up to speed, but I’m wondering if this is generally something that gets more comfortable with time…

like

Can I receive rent on H1? How can that be accounted towards the end of the FY?

like

Tag lines for copywriters

likefunny

Tagline for the stock market

Hi.. I am happy to join here. Seems to be an amazing platform.

like

Additional Posts in Consulting

To all my NY 🐠 - booking some last min NYE tickets. What are some good/fun places to go for a group of 10-15 people ages 25-30?

like

I need to get my H1B stamped and the US embassy in my home country (Delhi/ India) doesn’t have any appointments at all for the entirety of 2022 and beyond. Is there any way around this or am I stuck in the US for the foreseeable future?

like

Nothing feel more like the holidays than seeing 40% of your bonus paycheck disappeared due to taxes

likefunny

Deebo got rocked

likeupliftinghelpful

Silly question to start the day - Why do we refer to an email as a “note”? I know it’s minor, but some corporate jargon just rubs me the wrong way

like

.. responsibilities: cooking, cleaning, Kia, meal prep, etc. i understand managing the family is a full- time gig bug I can’t work and take that on. What to do!?

like

First time in two weeks going to bed without a feeling of anxiety and piled up work ahead for tomorrow 😴

like

Anyone here regret their pandemic home purchase?

like

Will companies know that you got laid off if they do a background check?

like
like

How does summer 2020 changed you?

like

I got laid off from deloitte. Now i work in cre asset management. I don't love my job. I am on visa (opt stem) . I need to work on finding happiness with my work to be more productive and be happy. I am very depressed and therapy isn't helping. If anyone is in a similar situation or can offer support or advice I would greatly appreciate it. TIA.

like

Best rotational programs for medium tier UG

like

I have two weeks off. Not traveling due to COVID. Ran all my overdue errands and am cooking a ton. What else would you do? How would you pass the time?

like

how do you think through complex issues to derive solutions? any frameworks, books, papers etc folks would recommend?

likefunny

Books you would recommend for consulting or personal development?

likesmarthelpful

How possible would it be for a 3rd grade teacher to transition into consulting? Majored in education with 3 yoe

like

What’s the compensation for a manager at EY in Tech consulting In nyc ?

Please post your comp in the response

like

Planning to do a PRM or FRM qual. How useful is it to move from Big 4 Risk and reg consulting to industry? Finding it hard to get anything other than non-PM roles

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal