One semester under their belts and all of a sudden they’re too good to be consultants.

As their job prospects continue to brighten, business-school students are opting to unshackle themselves from employers who help cover school costs for those who return after graduation. In some cases, students have decided to leave employers while still at school, requiring them to repay $100,000 or more. Business schools don’t closely track students who break sponsorship arrangements, but interviews with students and administrators suggest that many M.B.A.s are no longer willing to settle for the sure thing…

One second-year Harvard Business School M.B.A. decided last fall to take a job with a private-equity firm, even though his tuition and living expenses had been covered by Boston Consulting Group Inc. in expectation that he would spend two years at the firm after graduation. “The choice of what you do after business school should be based on what you want to do long term, rather than short-term economics,” said the student. He took out a bank loan and repaid BCG $90,000—one year of sponsorship funding—within about two months of notifying the firm of his decision, and paid his second-year tuition with help from his new employer. (That money, too, is contingent on his tenure with the company.)…In the depths of the financial crisis, secure job offers were highly coveted. Now, students tend to view their sponsorships as “a put option with cheap financing attached,” the student said. In other words, they figure they have the option to go back, but not the obligation.

M.B.A.s Sour on Strings-Attached Tuition [WSJ]

18 comments (hidden to protect delicate sensibilities)
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Comments (18)

  1. Posted by guest | March 6, 2014 at 5:55 PM

    never comment again.

  2. Posted by guest | March 6, 2014 at 5:55 PM

    I'd like to find the person who gave you the impression you were funny and punch them in the face.

  3. Posted by Im_a_Dude | March 6, 2014 at 5:58 PM

    you're one sick fuck

  4. Posted by Ivy456 | March 6, 2014 at 6:02 PM

    How sick is Del-a-where? Come on man. You gotta pick on handicapped kids? I mean really.

    Word to the wise – Delawhere is just a punk made from the same sperm as Gasparino the Ahole. In fact, if I didn't know better, I'd swear Delawhere is Chaz – except with maybe a 80+ IQ which is double Gaspo's. So please take you degree and do something constructive and positive with it.

    Did anyone catch Gasbag's tweet where he talks about his graduating from Pace and leaving the Harvard and Yale guys in the dust. That's like Monica Lewinsky blowing her way through the White House and then claiming to outperform the real stars who did great things for their country! The only difference between Charlie and Monica is that she got a blow job named after her (a Lewinsky) all you ever get is cum on your forehead from your scumbag sources :)))

  5. Posted by Tier2LovinIt | March 6, 2014 at 6:09 PM

    if you can't get any joy out of the gasbag's tweets you need to lighten up, just a bit.

  6. Posted by Guest | March 6, 2014 at 6:09 PM

    if you can't get any joy out of the gasbag's tweets you need to lighten up, just a bit.

  7. Posted by guest | March 6, 2014 at 6:12 PM

    it's weird that you've put this much thought into gasparino.

  8. Posted by Tier2LovinIt | March 6, 2014 at 6:12 PM

    the fact that i am butchering a simple comment is making me rethink everything…

  9. Posted by Del-a-where | March 6, 2014 at 7:12 PM

    I have crafted the greatest comment of all time.

  10. Posted by guest | March 6, 2014 at 11:27 PM

    This guy looks like someone who will be indicted for something in a few years.

  11. Posted by HighFrequencyHater | March 7, 2014 at 9:34 AM

    Now I'm really curious as to what it was…

  12. Posted by Ex-MCK | March 7, 2014 at 11:10 AM

    In hindsight, it's hilarious how poorly a gig at McK/BCG/Bain prepares one for a career in anything else, especially buy-side investing. And also strange that every consultant forewent investment banking only to try to jump ship to P/E at first opportunity.

    I think it's called Putt's Law.

  13. Posted by Brian Bosworth, CFA | March 7, 2014 at 11:31 AM

    Tough but fair.

  14. Posted by CF no A though | March 7, 2014 at 6:41 PM

    I'm guessing the one's who stick with their consulting gigs have awful credit scores!

  15. Posted by العاب طبخ للاطفال | March 9, 2014 at 7:28 PM

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  16. Posted by العاب طبخ جديد | March 9, 2014 at 11:35 PM

    Hello, great ideas for sure, and your posts are amazing and I have enjoyed it,
    and I hope that you come to us more and thank you very much.

  17. Posted by العاب بنات ميك اب | March 14, 2014 at 11:28 PM

    your poste is mazing

  18. Posted by العاب كوافير | March 19, 2014 at 1:14 AM

    thanks for it.