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5 Top tips for securing employer funding. Get your tuition fees covered upfront.
We understand that studying your Master’s can be costly, so here’s some advice on how to lobby for full or part sponsorship from your employer.
Typically, when we use the word ‘sponsor’ we’re referring to covering your tuition fee or associated course costs, but we’ll also be looking at how your employer can support you in other ways.
1 | Get started early
To secure sponsorship from your employer for your Master’s in time for the admissions deadline, start early. If you work for a large organisation, multiple stakeholders may be involved in the decision-making process, so it’s crucial to initiate the conversation as soon as you decide to pursue a master’s.
Starting a new job? Consider negotiating sponsorship as part of your employment package when starting a new job.
2 | Prepare a compelling proposal
Your employer will want to see a return on their investment. Create a proposal that aligns with your organisation’s goals (1,000 words max). Outline how your Master’s degree will benefit the company. Highlight areas such as leadership, decision-making, and change management. Demonstrating commitment to both your professional development and organisational success is essential.
3 | Make a strong case
When discussing sponsorship with your employer, emphasise immediate and tangible benefits:
- Enhanced Effectiveness: As you progress through your master’s, you’ll apply acquired skills and knowledge directly to your work, enhancing your effectiveness.
- Advanced Expertise: Demonstrate how you’ll acquire skills in crucial business areas, benefiting your organisation’s success.
- Global Networks: Studying online allows your organisation to leverage insights from your global network of professionals and industry leaders.
4 | Address concerns and be confident
Anticipate your employer’s concerns. Be prepared to discuss how your studies won’t disrupt your work. And, assure them that you’ll balance both effectively.
Confidence and persuasion are key. Show how your Master’s will contribute to your growth and the company’s success.
5 | Remain open to negotiation
Be flexible during discussions. Your employer may have specific terms or conditions and require you to sign a contract. Negotiate respectfully and find common ground.
Remember, employer-sponsored Master’s degrees benefit both parties, fostering professional growth and organisational excellence.
Remember, each organisation is unique, so tailor your approach accordingly. Good luck in securing that sponsorship!
Your employer can find out more about what’s required from them and the payment process on our Sponsor an employee page.