Traditional MBA programs are becoming more expensive around the world, and Singapore is no exception to this. Apart from the substantial tuition fees, these programs also cover living expenses, including housing and lifestyle costs. In this situation, online MBAs have become a viable alternative, thanks to their greater financial accessibility. Not many people know that aspiring MBA students can often secure funding from their companies to pursue these programs – this is a powerful strategy in this context. This benefit is especially relevant for Singapore professionals who wish to upgrade and earn high salaries, like an annual average base pay of SGD 116,077, without straining their finances.
This blog will discuss how an employee in Singapore can secure an MBA sponsorship from their employer, focusing on the MBA programs that employers typically sponsor and shedding light on the areas and aspects of the discipline that these programs cover.
How to Get an MBA Sponsorship from Your Employer?
Candidates seeking sponsorship for an MBA in Singapore from their employers must demonstrate that they are valuable propositions worthy of academic investment. They must also prove to them that such sponsorship will be beneficial for the organisation as well.
|
Primary Factor |
Most Important Points to Keep In Mind |
| Understanding the Employer’s Sponsorship Policies |
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| Proving Potential and Value |
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| Articulating MBA Benefits |
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| Approaching the Employer |
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| Clarifying Terms of Agreement |
|
Understanding the Sponsorship Policies of the Employer
Employees need to check if their companies already have established sponsorship or tuition reimbursement programs. They can contact HR to inquire about such policies. They need to determine whether the company sponsors only specific programs or provides financial aid only when the MBA specialisation aligns with the candidates’ future career path or their current role within the organisation.
Proving one’s Potential and Value
Employees need to showcase the positive and consistent impact they have had on the company and also preferably provide figures and data to substantiate their claims. They also need to show how they have taken the initiative to assist the company, mentored their colleagues, or helmed successful projects.
Articulating MBA Benefits
Employees seeking MBA sponsorship in Singapore must clearly explain to employers how such a program will enhance their skills, abilities, and knowledge. They must show them how studying an MBA will help them perform better, develop new strategies, lead teams, and drive innovation in the organisation.
Approaching the Employer
Employees need to meet with their management or HR to discuss their interest in pursuing an MBA program and present a proposal for the same. They must also be ready to answer all questions in this regard, address every concern, and discuss their goals with senior management.
Clarifying Terms of Agreement
Employees seeking financial assistance may consider signing contracts with employers that require them to stay with the company for a specified duration after graduating from the MBA program.
Also Read: Best Online MBAs for Marketing Professionals in Singapore
Common Employer-Sponsored MBA Options and What They Cover
Several employers in Singapore offer MBA sponsorship, providing employees with various forms of support, including financial assistance to pursue an MBA program. The following are the most typical varieties of such programs.
| Type of Program | Special Feature |
| Full Sponsorship | It covers all fees, including tuition fees. |
| Partial Sponsorship or Tuition Reimbursement | Reimburses part of the tuition fees, but only upon fulfilling specific requirements. |
| Company-Specific Educational Partnerships | Offer benefits such as preferential rates for employees, provided in partnership with a business school. |
Why Choose upGrad’s Online MBAs for a Sponsored Program?
Students in Singapore seeking an MBA sponsorship program from their employers can consider the online MBA programs offered by upGrad for several viable reasons. Most importantly, these courses are sufficient to help students reach the pinnacle of business learning.
- Assess the goals you have for your career.
- Review the expenses of pursuing your preferred programme.
- Analyse the admission requirements of the programme.
- Consider the resources that the institute is providing and its location.
- Reflect on the reputation of the institution.
- Review the courses and specialisations on offer and their overall quality.
Also Read: Online MBA Programs for Entrepreneurs in Singapore
FAQs on Online MBA Sponsored by Your Employer
Q: How to get a company-sponsored MBA?
Ans: Candidates seeking an employee-sponsored MBA must demonstrate their value to the organisation, explore its sponsorship policies, and clearly explain how pursuing the program will benefit the company.
Q: Do companies value online MBA?
Ans: Yes, companies often value online MBA programs, especially those from reputable institutions.
Q: Will my salary increase after a sponsored MBA?
Ans: Yes, a candidate’s salary will most likely increase after finishing a sponsored MBA. It can happen during course completion or after it.
Q: Are online MBAs eligible for corporate reimbursement?
Ans: Yes, companies typically reimburse their employees for completing an online MBA.
Q: How are upGrad’s online MBAs suited for sponsored learners?
Ans: upGrad’s online MBA programs are suitable for sponsored learning, as they offer benefits such as flexibility, practical learning experiences, and cost efficiency that align with the requirements of both working professionals and their employers.
