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Average Part Time MBA Company Tuition Payment Policies?? [#permalink]
08 Mar 2009, 15:25
Sorry if this is the wrong area for this topic..
I am currently out of work in NYC. I have always wanted to further my education with an MBA. Given that I am still single, and probably have more time than the future, this might be the best opportunity to get it over with. I missed the FT deadlines for my top choices Columbia/Stern.
So I was thinking a PT at Stern my be my best option at this point, so I could start this fall and not waste a potential year. I assume I would either be employed and going at night, or worst case if I can't get another job, I could be a full time PT student, until jobs come back.
My question pertains to what are the average firm policies are in regards to MBA PT tuition payment. Do you normally have to be there longer than a year, etc.?
I need to have an idea, so I can forecast a scenario where I might have to pay for the first year, or more, out of pocket....
Re: Average Part Time MBA Company Tuition Payment Policies?? [#permalink]
08 Mar 2009, 16:20
This depends on entirely on company policy and the policy varies....
There's no firm set of rules that companies go by.
Here are some of the popular policies:
1) Employee must have worked for the firm at least for certain period of time.
2) Tuition reimbursement or repayment program isn't open to all employees. It has to be approved by a senior executive within the company. (Kinda like sponsorship)
3) Some companies pay in full or partially. But they might have minimum grade requirement in a course. For example, a company might require their employees to submit a copy of report card with B or better for reimbursement or partial reimbursement.
Of course there are other companies with more lenient policies. But because the times are tough, many companies are reducing employee benefits. _________________