August 20th, 2010

How to Convince Your Employer to Foot the Bill

Most companies will expect you to have some sort of degree when applying for and starting a job, but a recent trend is reflecting the increasing willingness of employers to pay for post graduate education. If you’re looking to enroll in a masters or doctorate program, you should consider appealing to your company to cover at least part of the costs. If you can demonstrate how this additional education will improve your usefulness in the workplace, there is a much higher chance of receiving financial assistance.

  1. Choose a Relative Degree: Many companies will be very open to the idea of paying for tuition costs, but you need to be seeking a degree that is directly related to what you do. One of the most common degrees paid for by employers is an MBA. This degree provides education on a range of managing issues such as accounting, human resources and operations, and is considered highly valuable. However, if you want to continue your education on a subject of personal interest such as philosophy or archeology, then don’t expect your company to shell out for this.
  2. Present Your Case: If a business is willing to invest in your education then they want some sort of assurance that you will actually improve as an employee as a result of this education. Come up with an explainable list of reasons how such a degree will positively affect the workplace. It’s also important to come to your boss with a set plan of where you would like to attend classes, how long it will take, and how much it will cost. Don’t simply tell the higher-ups “I think I’d like to go back to school, do you mind paying?” Even if they’re willing to help financially, they won’t do the work for you; that’s your responsibility.
  3. Understand the Expectations: After your employer has agreed to cover all or part of your tuition, it’s a good idea to have a conversation about specific expectations. Many companies will require that you continue working there for a certain period of time, which is understandable, but something that you need to decide if you are willing to do. If they have mentioned any other stipulations such as maintaining a certain GPA, clarify all of the specifics so you don’t end up with the costs dumped back on you because you didn’t clarify expectations.

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