Frequently Asked Questions
Prospective Students — FAQ
Is financial sponsorship a requirement for admission to the MIT EMBA?
No. Financial sponsorship has no bearing on the decision to accept a student. Many students self-fund for a variety of reasons. However, we consider corporate sponsorship of the time requirement to be critical. In your application package, one of your recommenders should be from your boss, and address the topic of time sponsorship.
I don’t anticipate 100% financial sponsorship from my company. Can I apply for partial sponsorship and tuition reimbursement towards tuition fee payments?
Yes. Many students build draw financial support from multiple channels, including student loans.
What is the difference between tuition reimbursement and corporate sponsorship?
Tuition reimbursement is popular benefit of employment that is open to most employees. Corporate sponsorship is generally reserved for high potentials who are strategically important for the future of the business. In cases of corporate sponsorship, the Institute will bill the organization directly.
We don’t have a corporate financial sponsorship program at my company. What can I do?
Don’t give up. About 25% of our students receive full financial support. Sometimes that support comes from a line executive vs. an enterprise-wide program. Talk to your boss to find out if he/she will be supportive. You may need to sell the idea up the chain of command. Be prepared with a business case addressing how your company will benefit through your participation in the program, and how you will manage the time commitment. This is a process which can take some time, so be patient. We have resources available to help you.
Prospective Sponsors — FAQ
How can I part with a key employee to participate in the program?
It’s important to realize that you are not. Instead of removing your executives from the global business world, you are immersing them in it through a modular program that allows them to keep working full time. You are sending your best managers here to learn advanced skills and tools, to network with international business leaders, and to develop the talent they have demonstrated in day-to-day business.
May I promote the applications of more than one employee for entrance into the program?
Certainly, and many companies do. Please understand, however, that organizations nominate many more qualified men and women than the program can accommodate. The selection committee makes each decision based on the strength of the individual applicant and on the experience he or she has to offer the cohort. The quality and diversity of the class is one of its essential learning components.
Does my company need to commit to sponsoring a candidate every year?
No, we do not require this type of a commitment. This is a rigorous program with a 33% admission rate. We seek - and a specific student profile is attracted to this program. It is a strategic development opportunity for the right person at the right time. We are happy to have ongoing conversations to help you identify the right candidates.
How can our company get the most out of this investment?
It is possible for each of the participants to come to the program with a specific agenda and leave with specific deliverables. Every participant enters the program with his or her company as a frame of reference, so the lessons learned can be applied directly to company challenges iteratively throughout the 20 months. Through the MIT EMBA student you sponsor, you have access to all the resources offered by the program and the broader MIT community. Many sponsors contend that being plugged into the MIT global network is itself worth the price of the program. One new relationship with a faculty member, fellow student, MIT researcher, or organization could translate into a significant company opportunity.
In what specific ways can my company benefit from sponsoring a student?
During the program, MIT EMBA students have many opportunities to conduct project work, apply case examples, and examine other companies’ operations (in and outside of your industry). These represent potential revenue enhancement, cost reduction, or process improvement opportunities that your sponsored student can bring back to your company.
How does the program dovetail with the goals of my organization?
For generations, MIT Sloan’s mid-career executive programs have been a tradition of company leadership in organizations of all sizes and functions. Larger companies may promote several candidates who are reaching pivotal points in their careers. Other organizations — large and small — will handpick certain promising managers and use the program on an intermittent basis. We would be pleased to work with you to determine how we can make the MIT Executive MBA Program an effective tool in your overall executive development plan.
Questions about sponsorship?
Contact: Beth Chartier
Corporate Sponsor Relations
MIT Executive MBA Program
“None of us is here just for the diploma. We’re here to learn, we’re here to collaborate, we’re here to do great things together.”
Rosalind Sullivan ’13
Chief Financial Officer, Cenegenics Medical Institute
Las Vegas, Nevada