Yes some do pay through as second year Fees.
Ex..For Bain Consulting
Signing Bonus: $20,000
Base: $125,000
Performance Bonus: up to $39,000 for your first year
- - - - -
Total compensation: $184,000
Signing bonuses ($40k + $10k for signing early + pay for 2nd year of b-school). This was for folks who interned there, so the latter two parts of the bonus might not apply otherwise.
Deloitte : $70000
Companies consider the signing bonus a form of contract, rather than simply an enticement for new and promising employees to come and work for them. The fine print in most cases states that the signing bonus must be repaid if the employee in receipt of the bonus quits within a specified time period. This may range from three months to several years. If this happens, you may find yourself owing the company the entire signing bonus back if you happen to find a better job or have to move for some reason. In these cases, the company will expect the entire signing bonus be repaid all at once. You won't be able to make payments on it if you spent the entire signing bonus when you got it. If you can't pony up the cash and still have to go, the company will pursue legal action against you for breech of contract.
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Alex Wilkins
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Panelist | MBA Admissions Achievers Meet
Interviewer | MIT Sloan | Former
Management Consultant | McKinsey & Company | Former
"Regardless of who you are or what you have been, You can make what you want to be."
haha assuming the former
