How do I finance my Executive MBA?
One of the biggest hurdles to getting an Executive MBA (EMBA) education may be financial. Not all companies are financing their employees’ education, and therefore many students have to search for alternative means. At Henley, we believe that financing an EMBA degree can be an opportunity and part of your overall learning experience.
Fortunately, there are many ways to finance your EMBA programme.
Employer sponsorship – Having one’s own employer sponsor an EMBA programme is the ideal case, but no longer fully accounts for the majority of financing as companies have different policies and possibilities to support their employees.
If you are considering employer sponsorship for your studies, we will work with you to help you identify how the Henley EMBA can deliver benefits to your employer from the start of your studies. We can also help you prepare a detailed business case with which you can approach your employer to request support, both in terms of finance and time.
Selling assignments – Another option in today’s fast-moving business environment is to sell your EMBA assignments to your current employer, or to another company or third party, to help raise funds to pay for the programme.
During the Henley EMBA, you’ll be delivering nine business focused assignments and a final research project. These assignments and the research project are based on your choice of important current organisational issues or business challenges, either for your employer or another company you choose to partner with.
Many companies actually search for temporary consultancy for their challenges or solutions they can immediately implement. This way you gain valuable know-how and experience during the process, and at the same time, you raise funds for the programme. So, you are basically paying for the programme at the same time you’re learning.
Selling assignments allows you to finance even your entire EMBA programme and to learn from diverse industries. Being able to showcase your skills and transform your new learning into tangible results for your employer or potential client also opens up future opportunities for students. After all, this is what Henley is all about, creating hands-on ways to instil future executives with knowledge and experience.
MBA student loans – For a long time, student loans have been a popular way to finance studies in Finland. Low interest rates combined with generous pay-back periods enable students to acquire their degrees without overburdening their finances.
For students that are self-funding their EMBA education, we have negotiated a favourable loan agreement with a local Finnish bank to help raise funds for the full programme fee.
Personal funding – This option may feel at first that you are giving up too much that could be used in other ways. But keep in mind – an investment in an EMBA degree is an investment in yourself and your future. High-quality education pays you back in countless tangible and intangible returns on your investment. Simply having an international network of more than 70,000 alumni in 170 countries as friends and support is priceless!
VAT exemption – As a bonus, the Henley EMBA is the only EMBA programme available in Finland which offers a university level master’s degree and is therefore exempted from VAT, saving you up to nearly €10,000. So, the costs may be lower than you think.
Which financing option fits you the best?
To learn more about the Henley EMBA, join our upcoming information meeting or download our brochure.
