Long-standing tradition of corporate support
EMBA Programs began as a way to develop leadership talent within organizations while still keeping that talent working full time for the organization. As a result, many organizations throughout the years have financially supported all or part of tuition costs.
With challenging economic times, fewer companies are paying for all the costs of an EMBA education, but the good news for many EMBA applicants is that the majority of EMBA students – about 60 percent – do receive some form of corporate sponsorship. In fact, in some regions of the world, full corporate sponsorship levels may be higher. According to the results of 2016 Executive MBA Council research:
- Twenty-three (23) percent of students receive full financial sponsorship
- Thirty-six (36) percent receive partial reimbursement
- Forty-one (41) percent are full self-funded
How to start discussions with organizations?
Even if you are not seeking financial support from your organization, you will want to consider a conversation with your boss. The majority of formats will require some time away from work, and discussions about time commitment and its impact on work are important ones. The Guide for EMBA Conversations can help make the conversations more productive.