It sounds like a dream come true: Get your MBA and have someone else pay for it. There are many companies that will be willing to help you finance your degree. A few corporations may be willing to help pay for a full-time program, but it is more likely that an employer will help with a part-time or executive program.
Conditions of Sponsorship
Before you make arrangements for your employer to help finance your degree, make sure you have thought about what you plan to do with the degree and what your employer’s expectations are. There will usually be some conditions you have to meet if your company helps pay for your degree. Some companies will expect you to pay them back if you leave after completing the degree.
Some schools will not allow you to use their placement services if you are sponsored by your employer. Employer sponsorship can be a great job benefit, but you should understand the implications before deciding this is the way to go.
You should be sure to consider the long-term impact of your decision to accept employer sponsorship if it will limit your options with regard to the schools you can select. Yes, is it true you might have to incur some debt if you choose to attend school full time, but if the school is a better fit with what you want from an MBA, this might be the best decision.
Kinds of Sponsorship
Some corporations will reimburse tuition only, whereas others will pay for the entire cost of your education. Sometimes an employer will pay for each course you complete with a certain grade, or the company may pay for your student loans. Talk to the human resources department to see if your company has an educational sponsorship program.
What about MBA Internships
MBA Internships Help Grads Get ahead in the Job Market
It’s not too soon to start thinking about your MBA internship.
Get the Right Internship, Improve Your Job Prospects
Before you get to business school, be very thoughtful in planning your future. What are your career goals? What kind of job function would you like to have? You should come to school with a pretty good idea of what you wish to concentrate in, so you’ll be able to look for internships that will give you experience in your desired field.
To help land the right internship for you, work hard academically and take full advantage of your networking opportunities. Talk to the career services professionals at your school and meet with corporate representatives at on-campus events. Ask the advice of speakers and professors in the fields that interest you. Stay in contact with people you know from previous jobs who might be able to give you advice or help you find an internship or a job. If you know students who have already completed internships in your desired field, ask them for guidance.
Start looking for internship opportunities early. If your search stalls, don’t be discouraged; you may need to revise your resume or practice interviewing. Ask a career services professional to help you tailor your resume to the type of internship you want, and ask a few friends to conduct mock interviews so you can practice promoting yourself to potential employers.
Once you do land that internship, you can feel good that your hard work is likely to pay off well in your job search.