Sponsorship funding schemes
Could your company help finance your studies at London Business School?
Students at London Business School are often sponsored, fully or in part, by their employers. The School offers both full-time (MBA, Sloan, Masters in Finance, Masters in Management) and part-time programmes (Masters in Finance, Executive MBA, Executive MBA Global).
Employee sponsorship is an investment in high-potential individuals, designed to develop your existing skill sets, enhance your abilities, and help your company achieve its corporate targets. It's a partnership where you share your developed expertise, increased confidence, and a stronger global network with your company.
Securing support from your employer usually involves drawing up a detailed business case outlining your reasons for wanting to pursue your chosen programme and the benefits that you feel it will bring to yourself and to the organisation. To help you draft your business case, we have put together some advice to help you get started:
Creating a business case for company sponsorship:
- Masters in Finance (PDF document, 498kb)
- MBA (PDF document, 506kb)
- Executive MBA (PDF document, 489kb)
- Executive MBA Global (PDF document, 82kb)
- Sloan (PDF document, 523kb)
How it works Your employer pays full or part tuition on your behalf directly to the School. You then come to an agreement with your employer about a reimbursement schedule whereby you repay your fees from your gross salary over a pre-determined period of time. As our programmes qualify as work related training, the portion of your salary used to reimburse your fees may be exempt from Income Tax and National Insurance. More information on the salary sacrifice scheme in UK can be found here: http://www.hmrc.gov.uk/specialist/salary_sacrifice.htm
Benefits You can save a significant portion of your tuition fees by not having to pay any Income Tax or National Insurance on the sacrificed amount. Your employer may also save on paying their National Insurance contribution on this part of your salary.
Next steps Talk to your employer about whether a sponsorship or a salary sacrifice scheme may be a viable option for you. Also, ask your colleagues who might have studied or are studying one of our degree programmes at London Business School for advice. For more information, you can also email Eugenia from the Business Development team at firstname.lastname@example.org.