These 3 Investment Banks Will Pay for Your MBA (2024)

There are many investment banks that pay their employees to obtain a Masters in Business Administration (MBA). Obtaining one of these degrees can be of great help to those who want to climb the investment banking ladder. However, acquiring an MBA is not always a necessity for those who want to move up, and those seeking this degree have several caveats to keep in mind.

Key Takeaways

  • Obtaining an MBA is expensive and time-consuming, but can be useful for investment bankers looking to move up the ranks.
  • MBA programs can cost more than $160,000 in tuition alone and generally take about 2 years to complete.
  • Goldman Sachs offers employees tuition assistance to pursue MBAs as well as MBA fellowships to first-year business school students.
  • Robert W. Baird & Co. has a program that pays 100% of MBA tuition fees for employees, as well as the cost of books.
  • Credit Suisse has an MBA fellowship program that provides tuition assistance, focusing on first-year MBA students.

The MBA Advantage

Over the last several decades, MBAs have become more prevalent and increasingly expensive to obtain. Many programs cost a student $55,727 to $161,810 in tuition plus living expenses, books, and other costs for the length of the program. Full-time programs generally take two years.Companies can help pay for this, but any amount they provide over and above a certain exemption is taxable. As of 2020, this exemption is $5,250.

Even with these considerations, many who work in investment banking find that obtaining an MBA can help them move up the ranks. Senior bankers, for example, are quite likely to hold one of these advanced degrees. At the same time, investment bankers should keep in mind an MBA is more valuable for some investment banking functions than others. Those working in trading, sales, or portfolio management are less likely to hold this degree.

In addition, investment bankers must remember that hiring managers in their industry tend to source candidates from top schools; therefore, an MBA from such a program could prove far more valuable than a degree from a less prestigious school. For those who have considered the aforementioned variables, investment banks have varying methods of assisting their employees in obtaining MBAs.

Goldman Sachs

Goldman Sachs Group Inc. (NYSE: GS), one of the world’s largest investment banks, helps its employees pursue degrees such as MBAs through tuition assistance. This firm also offers MBA fellowships to first-year business school students who are female, Hispanic, Black, or Native American. The company evaluates candidates for the fellowship, which is awarded for notable leadership and community achievements after they complete the Summer Associate interview process. Those who secure a fellowship receive a cash award of $35,000 in addition to the Summer Associate salary. If the candidate completes the summer internship and accepts a full-time offer, he receives another $40,000 from Goldman Sachs in addition to any full-time signing bonus.


Employee-owned financial institution Robert W. Baird & Co. Inc.’s Baird Scholar program pays 100% of an MBA’s tuition expenses, as well as the costs for books, as long as specific criteria are met. The program caters to high-performing associates who have excelled in their first several years at the firm and shown a commitment to investment banking.

To receivefunding, associates must attend an approved business school, work for Baird during the summer following their first year of business school,and then return to the company as an associate after completing their MBA.

Credit Suisse

Credit Suisse Group AG (NYSE: CS) has an MBA fellowship that is similar, in some respects, to Goldman’s program. Credit Suisse’s fellowship program targets first-year business school students who are either female, disabled, veterans, LGBTQ, or of Hispanic, African American, or Native American descent.

Eligible candidates must be enrolled in a business school program full time and eligible for a summer internship during the summer following their first year of business school. Candidates for a fellowship should have a strong interest in pursuing a career in investment banking, as well as being accomplished in leadership, academics, and professional life.

Fellows receive a $40,000 stipend for their first year of business school, as well as a summer internship in investment banking at one of Credit Suisse’s U.S. offices. Fellows can also earn another $40,000 for the second year of business school if they complete a summer internship and accept a full-time offer with Credit Suisse.

The Bottom Line

While many investment banks pay for MBAs, people interested in taking advantage of such opportunities need to keep several caveats in mind. For starters, an MBA is not always the ticket to moving up the ranks, as this degree is far less common in certain investment banking functions, and some have made great progress without it. Additionally, many investment banks have a history of recruiting from top business school programs, so bankers considering an MBA should keep the prestige of any schools they are targeting in mind.

These 3 Investment Banks Will Pay for Your MBA (2024)


These 3 Investment Banks Will Pay for Your MBA? ›

Deloitte, Bank of America, and Wells Fargo are among the top financial services companies that provide employees with tuition reimbursem*nt.

Which investment banks pay for your MBA? ›

Goldman Sachs offers employees tuition assistance to pursue MBAs as well as MBA fellowships to first-year business school students. Robert W. Baird & Co. has a program that pays 100% of MBA tuition fees for employees, as well as the cost of books.

Does Deloitte pay for your MBA? ›

Deloitte's Graduate School Assistance Program offers full tuition reimbursem*nt for participants after two years of employment, and even offers participants to return to Deloitte as a senior consultant upon degree completion.

Will Bank of America pay for my MBA? ›

Bank of America is one of the largest banks in the United States and offers academic support and covers MBA tuition for eligible employees.

Will PwC pay for MBA? ›

After working 3 years at PwC, you are eligible for the Advisory Scholars program. This includes full MBA sponsorship for selected candidates.

Will Goldman Sachs pay for my MBA? ›

The Goldman Sachs MBA Fellowship is available to first-year MBA students who are pursuing a summer associate position with the investment bank. Scholarship recipients receive a $35,000 award, plus a summer associate salary.

Does Goldman Sachs help pay for MBA? ›

Fellowship recipients will receive a $35,000* award in addition to the Summer Associate salary. Upon successful completion of the summer internship and acceptance of a full-time offer, Fellowship recipients will be awarded an additional $40,000*, plus any full-time Associate signing bonus, as applicable.

How much does Bain pay for MBA? ›

The $267K figure reported by Management Consulted matched the 2023 average – though lower than $250K and $230K numbers from 2022 and 2021 reports respectively. Among the MBB, Bain & Company led the pack in MBA first year total compensation at $285K, the same total as 2023 (and a $49K leap over the 2021 report).

Does Wells Fargo pay for MBA? ›

Wells Fargo

Wells Fargo does not have a specific tuition reimbursem*nt program for employees pursuing an MBA, but they do offer alternative benefits to support their educational expenses. Eligible employees can utilize the tuition assistance program, which provides up to $5,250 per year.

Will Apple pay for my MBA? ›

For more formal education related to advancing your career at Apple, we'll reimburse you for certain educational expenses, including tuition.

Does Capital One pay for MBA? ›

Capital One supports employees earning certificates, associates, masters, and more at any of the 300 schools that they partner with through Bright Horizons. So, the sky's the limit in terms of what you can accomplish through their tuition reimbursem*nt program.

How much does Amazon pay MBA? ›

$181K (Median Total Pay)

The estimated total pay range for a MBA Pathways Operations Manager at Amazon is $155K–$217K per year, which includes base salary and additional pay. The average MBA Pathways Operations Manager base salary at Amazon is $111K per year.

How to get a company to pay for your MBA? ›

How to find an employer with MBA sponsorships
  1. Secure a job with a company that has an MBA sponsorship program. ...
  2. Learn the policies for companies with existing MBA programs. ...
  3. Specify your reasons for pursuing the program. ...
  4. Outline the benefits to employers. ...
  5. Talk about the roles you can perform successfully after completion.
Feb 3, 2023

Does Microsoft pay for MBA? ›

Microsoft will pay a certain amount of money every year for you to get your Masters while you are working at Micorosft.

Do any companies pay for MBA? ›

The best way to get your MBA paid for is to work for an employer who provides either full or partial tuition reimbursem*nt. Some companies will pay for your education outright, including the cost of books and supplies.

Can I get my MBA paid for? ›

MBA scholarships and fellowships provide academic funding that does not require repayment. However, fellowships more commonly fund graduate education, including master's and doctoral programs. While scholarships usually offer aid for a single year, fellowships may cover the entire duration of your studies.

Is an MBA worth it for investment banking? ›

Although the responsibilities of an investment banker are wide-reaching and the role requires an in-depth knowledge of several fields, including finance, accounting, M&A, and much more, pursuing an MBA can help you fortify your foundation to transition into or advance within the investment banking industry.

Does Blackstone pay for MBA? ›

Though top management consulting firms often pay for MBA degrees while prestigious private equity firms usually do not, the salaries at elite private equity firms like The Carlyle Group and the Blackstone Group are usually so exceptional that their employees can afford the cost of an MBA degree, he says.


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