For aspiring business professionals curious about leveling up their skills and career direction, a Masters of Business Administration degree could be the key to opening up enticing opportunities and achieving more industry credibility.
An MBA program offers business-inclined students the opportunity to build managerial skills, cultivate a strong network of industry peers and become fluent in business basics like financial management, accounting and business marketing.
MBA programs are not one-size-fits-all. While a basic MBA usually takes an average of 18 months to complete, typically there is flexibility in scheduling based on an individual’s goals and desired time frame for completion.
Companies That Pay For MBAs
- Haven Life
- Wunder Capital
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Is an MBA Worth It?
An MBA is more than just an opportunity to learn new skills. It’s also a smart investment for any industry professionals looking to achieve more income security and financial cushioning. Individuals who hold MBAs enjoy higher earning potentials and higher average salaries than the average college-educated worker, with salary averages hovering around $120,000.
An MBA can also increase your chances of getting your dream job. In 2021, researchers at the Graduate Management Admission Council discovered that 95 percent of consulting sector recruiters plan to hire MBA graduates. So graduates are likely to enjoy a leg up on others when applying for related positions.
Are MBA Programs Expensive?
If you find yourself wondering what the catch is, your wallet may have the answer. MBA programs at top schools like Stanford and Harvard can cost up to $200,000 to complete, and while there are programs like FAFSA that can help cut the expenses, the price tag alone can put off many aspiring students. While an MBA degree greatly increases the chances of having a successful career, many full-time professionals might find that balancing the cost of pursuing a degree with regular costs like rent and bills makes an MBA simply out of the question.
Companies That Pay for MBA Degrees
ServiceNow offers ample educational development and MBA reimbursement opportunities, providing both tuition reimbursement and online course subscription options. The company also supports professional and personal learning in a number of other ways including diversity programs, hosted conferences and online course subscriptions.
Reorg’s benefits package provides full-time employees with an annual continuing education stipend for any program they choose to pursue, helping team members fine-tune their development tracks to get the most out of their learning initiatives. The company’s unique workplace culture places a strong emphasis on personal and community development, and Reorg gives back to the greater NYC community by partnering with Madison Square Park to keep public areas near their office clean.
Klaviyo hosts a platform where companies store and analyze consumer behavioral data for use in communications, as well as help these companies create a direct relationship with their customers. To help its employees thrive in the workplace, Klaviyo offers a continuing education stipend of up to $3,000 for participating in courses, earning certifications and more.
Omaze is focused on reaching goals and causes through its charitable donation platform, and its aim to empower people to realize their dreams extends to their employees. Their education benefits package provides team members with $500 annually to go to further education, while also offering options for building development tracks and training across different functions within the company.
Wunder has an ambitious mission: to tackle climate change and reduce global emissions. And to do so, the company needs a strong team of talented professionals, so it offers a competitive benefits package designed to attract top talent and encourage them to grow in their field. They offer tuition reimbursement to employees seeking to bolster their skillset, whether they are pursuing an MBA or looking to attend a workshop series.
In addition to flexible time off, free healthcare coverage and 401(k) matching, Granicus also offers a tuition reimbursement program that supports employees looking to go back to school or hone a new skill to empower them in their field.
Adtaxi’s workplace perks and company culture have earned them a number of accolades, as well as a spot on our own list of the best mid-size companies to work for in Colorado. Its tuition reimbursement program offers support for teammates looking to expand their horizons and opportunities, both in the office and beyond.
Boingo encourages a rewarding, mentally stimulating and entertaining work environment, offering everything from yoga and exercise classes to bowling nights. Boingo offers tuition reimbursement for any field of study employees want to pursue, whether that be a coding bootcamp or an MBA.
The whole concept behind Udemy’s business is to support and democratize learning, so it only makes sense that they would aim to provide the same support to their teammates. After six months of employment, each employee at Udemy can enroll in a continuing education program that provides $1,500 annually for tuition costs.
KPA’s technologies and workplace culture have been the recipients of a number of awards including the Online Training Library Award from Training Industry Inc. in 2019. KPA takes great responsibility for the well-being of its employees, providing them with practical material support and perks like tuition reimbursement and a continuing education stipend to help them reach their goals.
HouseCanary helps cover tuition costs for employees pursuing higher education, delivering $3,000 annually to go toward education costs. Their benefits package also stands apart from many other companies, which includes monthly Lyft credits, catered lunches and a $3,000 employee referral bonus.
Verifi offers traditional perks such as health benefits and 401(k) matching, but the company also offers unique perks like adoption assistance, free yoga classes and access to a game room. Their tuition reimbursement program lifts some of the burden of paying for an MBA off their employees’ shoulders, covering up to $5,250 in tuition costs each year.
Apple is one of the biggest tech companies in the world, but their size doesn't detract from their ability to meet each employee at their level and support them in getting to where they want to be. The industry giant offers their employees tuition reimbursement for MBA, certification or other programs.
Intel offers tuition reimbursements of up to $50,000 per program without any annual limit, as well as free tutoring, scholarships for the children of employees and access to a variety of educational opportunities through Intel University.
BP, one of the world’s largest oil and gas companies, aims to provide its employees with the opportunity to advance their education how they see fit. The company reimburses tuition costs up to 90 percent based on the educational course and employee stipulations.
Raytheon Technologies, being a manufacturer of aerospace, aviation and defense technologies, seeks the brightest minds possible to keep up with its production goals. Along with a variety of employee benefits, Raytheon Technologies also offers tuition reimbursement for approved academic courses and programs.
Since Haven Life’s specialty is helping more people access life insurance more easily, it comes as no surprise that they offer a comprehensive benefits package designed to make life easier and rewarding for their employees. Their professional development benefits include cross-functional training programs, online course subscriptions and generous tuition reimbursement.
MediaAlpha’s approach to advertising combines both tech and creative media talent, and the company places a strong emphasis on empowering each team member to develop their individual skills to their advantage. The company’s benefits package includes a commitment to professional and personal development, and in addition to tuition reimbursement, the company offers online course subscriptions, paid industry certifications and time allotments specifically devoted to employee education and learning.
Travel industry giant Expedia has won a number of awards for its company culture, even landing spots on Forbes’ lists of America’s Best Large Employers 2022 and America’s Best Employers for Diversity 2022. Their comprehensive benefits package supports their employees’ continuing education, offering both tuition assistance as well as flexible work arrangements to encourage them to pursue their learning goals.
AT&T offers their employees a supportive and fulfilling workplace experience, and their culture has been rated so highly that it has topped lists compiled by Fortune, DiversityInc and The Civic. Its tuition reimbursement plan offers up to $5,250 annually for full-time employees who have been employed for at least six months.
Otus’ benefits package, which includes competitive salaries, healthcare coverage and six weeks of annual PTO, has earned them a number of awards from organizations like Codie and EdTech Digest. Otus supports their employees’ learning goals both financially and practically, offering both a continuing education stipend and the option to allot work time toward personal education.
Fandango, the movie-ticketing company, provides its employees with both a continuing education stipend and tuition reimbursement, varying in cost based on what MBA or other program each employee chooses to pursue. Their extensive benefits package also offers perks like 401(k) matching, summer Fridays, a flexible work schedule and free gym memberships.
Honey prides itself on its company culture and has shared the importance of maintaining it as the company grows. In addition to tuition reimbursement, Honey empowers the ambitions of their teammates by paying for certifications and sponsoring employee travel for professional conferences and events.
Ranked 8th on Seattle Business's 100 Best Small Companies to Work For 2021, Ripl’s unique approach to social media marketing has earned them coverage from CNN, Refinery29, GeekWire and others. Ripl's professional development benefits package reimburses employees up to $1,000 annually for tuition costs of pursuing an MBA or other degree.
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