Hi all,
I have quietly learned a lot from these forums and have read the previous threads dedicated to this topic, but wanted to get some opinions on my specific situation.
My intention has always been to apply to Full Time programs for the upcoming Fall 2014 class. Recently, I approached my boss to breach this subject as I anticipate asking for letters of recommendations in the coming months. He responded in a bit of an expected way - essentially stating that the company would cover 100% tuition if I went part time. The payback policy is that you must stay 2 years once you submit expenses for $0 repayment, 1-2 years 50% repayment, and less than 1 year 100% repayment. The part time programs last about 2.5 years, so if I quit 1 year after I graduated, I would not have to pay much back, as the first 1.5 years would be free, and the last year would only be 50% repayment.
Important facts to consider:
1) I am interested in making a career change. I plan on obtaining my MBA and then moving on to a career as an equity research analyst. I currently am a CPA working on a tax focused job at an asset management company.
2) I currently make ~100k a year at my job.
3) Other groups within the company I work for require research analysts. This would not be an easy transition. Since my particular group will be footing the bill for tuition, I would not be able to easily switch roles to another group.
4) If the offer to pay 100% was not on the table, part time would not even be a consideration. The allure of full time is strongly appealing and being that I want to switch careers, full time seems more fitting. Having said that, the money aspect is an important consideration.
5) There are strong part time programs near me. I live in Chicago and would apply to Booth and Kellogg if I go this route. If I choose full time, the programs I plan to apply to include Columbia, MIT, Wharton, Booth, Kellogg, and Yale.
I would appreciate any insight as I am having a very difficult time making headway. Thanks!!!![]()
I have quietly learned a lot from these forums and have read the previous threads dedicated to this topic, but wanted to get some opinions on my specific situation.
My intention has always been to apply to Full Time programs for the upcoming Fall 2014 class. Recently, I approached my boss to breach this subject as I anticipate asking for letters of recommendations in the coming months. He responded in a bit of an expected way - essentially stating that the company would cover 100% tuition if I went part time. The payback policy is that you must stay 2 years once you submit expenses for $0 repayment, 1-2 years 50% repayment, and less than 1 year 100% repayment. The part time programs last about 2.5 years, so if I quit 1 year after I graduated, I would not have to pay much back, as the first 1.5 years would be free, and the last year would only be 50% repayment.
Important facts to consider:
1) I am interested in making a career change. I plan on obtaining my MBA and then moving on to a career as an equity research analyst. I currently am a CPA working on a tax focused job at an asset management company.
2) I currently make ~100k a year at my job.
3) Other groups within the company I work for require research analysts. This would not be an easy transition. Since my particular group will be footing the bill for tuition, I would not be able to easily switch roles to another group.
4) If the offer to pay 100% was not on the table, part time would not even be a consideration. The allure of full time is strongly appealing and being that I want to switch careers, full time seems more fitting. Having said that, the money aspect is an important consideration.
5) There are strong part time programs near me. I live in Chicago and would apply to Booth and Kellogg if I go this route. If I choose full time, the programs I plan to apply to include Columbia, MIT, Wharton, Booth, Kellogg, and Yale.
I would appreciate any insight as I am having a very difficult time making headway. Thanks!!!