TOP COMPANIES THAT SPONSOR YOUR MBA

Introduction

Have you ever dreamt of getting your MBA but the price tag seems insurmountable?

Fear not, we might have a solution for you!

Tech giants like Amazon, Meta, Google, and Apple are increasingly recognizing the value of MBAs for leadership roles in these tech fields. Consulting firms like Bain & Company, and McKinsey value analytical skills and strategic thinking through an MBA.

Companies like Apple, Deloitte and many more offer MBA sponsorship programs, which financially support your education in exchange for a commitment to work for them after graduation. If you want to pursue an MBA (without drowning yourself in debt) you have come to the right place. This blog delves into some top companies that sponsor MBA programs, the application process, and key conditions to consider.

Conditions to consider:

Investment banks like Goldman Sachs, and Morgan Stanley sponsor their employees in higher education. They understand the importance of advanced degrees and transferable skills. Such MNCs often seek high-potential graduates with strong business acumen and leadership capabilities. As a part of career development and benefits, such corporations offer full or partial reimbursement for your MBA under some company-specific conditions.?

If you are looking for companies to sponsor your MBA you have come to the right place. We have curated a list of top companies sponsoring MBAs for 2024/25. Before you file in your applications don't forget to keep these conditions in mind.

• Financial coverage: Companies typically cover a significant portion of your fees. Fellowship programs might differ in conditions. This reduces a portion of the financial burden.

• Work commitment: There is usually a mandatory post-graduation work period with the sponsoring company. For example, Deloitte expects a minimum of 2 years of commitment. It depends on the sponsoring company.
• Program restrictions: Companies don't sponsor all MBA programs. They sponsor specific MBA programs or universities relevant to your role in the company.?

• Performance: In most cases, You will be expected to maintain a good academic standing and meet the performance benchmarks to receive the funds or get accepted.

Top Companies that Sponsor Your MBA

Deloitte

Deloitte offers a Graduate School Assistance Program to send high-performing consulting professionals to top graduate schools.?

• The candidates need to demonstrate a minimum of two years of consulting and leadership capabilities
• Candidates receive full tuition reimbursement after two years of employment at Deloitte following graduate school.
• They get an extended offer to return to Deloitte as Senior consultants upon completion of their degree.
• Gives allowance on technology and computer-related purchases in graduate school.
• Negotiates discounts for graduate school entrance preparation classes like GMAT
• Mentorship is given through access to Deloitte's extensive alumni network.

Bank of America Financial Centre

Bank of America has a Career Path Tool which helps teammates to gain insight into different business, growth opportunities and career areas.

• Bank of America offers a tuition reimbursement program. Through this program, they provide up to $7,500 and up to $5,250 tax-free annually for eligible undergraduate or graduate courses and discounts at universities
• They also offer free unlimited individual academic advisory services
• Not only for an MBA, you are also eligible for approved professional certification exams, courses, and degrees relevant to the employee's position or role at the company.

Intel

Intel sponsors a generous number of scholarships to help students in their journey for a rewarding career in STEM. The Intel Scholars program goes beyond direct financial support by also providing:

• Access to Intel mentors
• Exposure to Intel job opportunities
• Career-focused training and workshops
• Peer connection and support through the Intel Scholars network
• Mental health and wellness support

Google

Google is known for its generous number of scholarships every year for different sections and subjects. Google also provides tuition reimbursement for eligible courses and degree programs, including MBAs, as part of its educational assistance benefits.

Apple

Apple offers several fellowships from master's PhD to postdoctoral fellowships. These are awarded to outstanding students with degrees in technology. As a part of their employee benefits policies, Apple also pays MBA reimbursement of tuition and also offers support to its employees pursuing an online MBA program.

Ford

Ford Motor Company offers a wide range of scholarship and rotational programs for young graduates joining Ford. The Ford College Graduate program offers STAP ( Ford Salaried Assistance program) supplementing your higher education costs.?

• Allows and encourages multiple networking opportunities cross-functionally for FCG
• Takes an active part in working with the Talent Development team to ensure their post-program placement aligns with their interests and business needs.

Morgan Stanley

• Morgan Stanley recognized its diversity in employee ratio as its greatest asset.?

• Their MBA diversity fellowship is also meant to attract an underrepresented population in the financial industries.

Goldman Sachs

Investment banks typically do not pay for MBAs but Goldman Sachs offers tuition reimbursements if you are pursuing an MBA for a top-tier university.?

• Goldman Sachs also hosts an MBA fellowship. In recognition of outstanding students, Goldman Sachs MBA Fellowships are awarded to recognize those who have built a culture of positive change, teamwork, and inclusion in their community.?
• An additional $35,000 award may be given to fellowship recipients on top of their summer associate salary.?
• Once Fellowship recipients complete their internship and accept the full-time offer, they will be offered a full-time position.

Other famous MNCs offering MBA scholarships for employees are:

• Wells Fargo Bank
• Chevron
• Procter & gamble (P&G)
• Capital One
• BP
• Microsoft
• Qualcomm
• JP Morgan
• EY
• Bain & Company

MBA sponsorship programs offer an incredible opportunity to gain a prestigious degree with minimal financial burden. However, they are very competitive and not all employees of the company may benefit from the same.

If it is your dream to get into a top MBA program, then feel free to schedule a call with me here or get your profile evaluations for free . All the best in your MBA journey!

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Please note: I conducted thorough research to identify top companies that sponsor MBAs, using company websites and discussions with current students. However, MBA sponsorship programs are often not clearly outlined on these websites and tend to lack transparency. Additionally, some of the fellowships or scholarships mentioned may have been discontinued depending on their funding and purpose. Be sure to conduct your own research.