Early on in my search for a graduate program my wife and I had that discussion that every couple has about continuing education -- what's it going to cost us?
She's just finished up her second degree and is getting ready to re-enter the workforce. I've been working for several years, making my way up the ladder. But bills are bills and there's no such thing as a free education, right?
Indeed. My tuition for the MAB program will should be a total of $22,000 (books included) plus whatever extra costs I accumulate in travel, housing and my elective course during the second year. All in all, it's pretty affordable compared to other programs, especially when you look at business programs.
I'm fortunate that my employer will reimburse me 50% of the tuition and 100% of books and fees. I just have to promise I won't take my degree and skip town for a new gig. They see it as an investment and I see it as a perk.
According to an article on HR Management, 75% of all companies with more than twenty employees and almost all large employers offer some type of reimbursement benefit. Companies are spending anywhere from $16 billion to $55 billion for employee development.
I'll be curious to see how many of my classmates are benefiting from this type of opportunity. For a professional program like MAB, I'd think an employer's nuts not to chip in if possible.
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