Having something like an MBA could more often than not help you stand in good stead. This may not only be of benefit to you, but to your company as well. Your added skills and education will enable them to perform better – everyone wins. It is for that reason that many companies are willing to pay for further education for their employees, but there are certain issues that need to be taken into account before committing.

Most companies wouldn’t find it feasible to send you on a full-time two year MBA, that being said – there are many that will help you pay for your studies. To clear the air at this point – MBAs are expensive and can result in students taking out multiple loans just to pay them back. An MBA is not only a serious career decision; it is a very serious financial decision too.

When you make this decision, to do an MBA, you need to weigh up the pros and cons of having your company pay for it. This will determine your course of action.

Pros

• The first and most important advantage of giving your company pay for your MBA is that they are incredibly expensive. They are not easily affordable for the average worker.
• If you enjoy your working environment, you can use the skills that you are learning in the workplace.
• If you want to stay with your current company for a long time, doing an MBA paid for by them is a great way to show your loyalty and intention to stay with the company and help build it.

Cons

• If you are unhappy with your work environment and want to move on as quickly as possible, doing an MBA can tie you down – for at least the duration of the qualification and some time after that.
• Understandably, companies will only pay for your studies on certain conditions – paying for your education is an investment. You may have to sign a contract that states you will stay on at the company for a specified amount of time after you have received your qualification. Other stipulations may be that you have to maintain a certain Grade Point Average in order to qualify for the bursary.
• If you are unable to meet these demands, you may find yourself being punished. This puts a lot more pressure on you to perform and achieve.

MBAs themselves are not for the faint-hearted, there is a reason they are so well respected globally. If you are committed and willing to work hard, you will be able to achieve your goals and be an asset to both yourself and your company.

If on the other hand you are unhappy with your current work environment, it is not suggested you try and do an MBA through your employer; this will only tie you down and lead to an even larger drop in your job satisfaction.

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