MBA DEGREE RECIPIENTS often graduate from business school with tens of thousands of dollars in debt that they acquired in order to finance their MBA education. The average amount of MBA-related student loan debt among 2018 grads was nearly $51,700, according to data submitted by full-time MBA programs for the U.S. News Best Business Schools rankings.
However, one way to avoid going into debt as an MBA student is to receive a company sponsorship or scholarship. These types of subsidies for MBA degrees typically come from employers.
Sources of MBA Sponsorships
Employers often subsidize the MBA degrees of top-performing employees. Some employers provide partial funding and others foot the entire bill with the expectation that sponsorship recipients will continue working for the company after receiving their degree.