Fewer Employers Willing to Sponsor MBA Study

Fewer employers are willing to underwrite the full costs of an employee's MBA education, educators and MBA program administrators say.

The Charlotte Business Journal reports a steep drop in the number of MBA students with corporate sponsorship at Wake Forest University. In 2000, 38 per cent of MBA students at WFU's Babcock Graduate School of Management received full tuition reimbursement from their employers. This year, only about 20 per cent do.

A similar decline in employer sponsorship can be seen at the national level, the Executive MBA Council says. In 2000, 55 per cent of EMBA students were sponsored by the companies they worked for. In 2004, the figure was only 45 per cent.

Source: "Employer Sponsorship of MBAs Shows Decline," by Julie Bird - the Charlotte Business Journal, July 2, 2006