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• What is Executive Education?
• What are the benefits of Executive Education?
• - For Employers
• - For Individuals
• What are the Costs?
• Executive Education Statistics

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How Do You Pay for Your Professional Development? You Don't

After spending hours selecting the right executive education program for you, now comes the hard part--paying for it. Executive Master's of Business Administration (EMBA) programs can range from $45,000 to $100,000. Customized weeklong courses often start at several thousand dollars. Career development costs can make this kind of education seem like it's out of reach.

Luckily, chances are you won't be footing the entire bill. Companies are eager to ensure that their employees are well-trained and kept abreast of business developments. Most companies will pay the full cost of short-term programs. In addition, many employers are willing to finance 70% to 80% percent of an EMBA program.

Scholarship Opportunities

Business schools also recognize that certain potential students cannot afford executive education programs. Consequently, scholarships to nonprofit workers and government employees have become available in recent years. Scholarships are also available at some schools for inner-city business owners, and some programs offer grants to international students.

A Definite Return on Your Investment

The benefits of executive education far outweigh its costs. EMBA-holders not only qualify for steep salary raises (salaries can jump as high as 139% after graduation), they also leave with an invaluable network of contacts. These personal contacts can help an you advance in the high-powered business world through global connections with other executives. These connections often lead to future job opportunities and partnerships. Even a two-week training course can make a difference in job performance. The rapidly changing field of information technology demands constant tutorials to stay abreast of developments, and young employees thrust into management positions can benefit from leadership training.

Investing your time and financial resources in career development is one of the best ways to ensure you stay on top of your business game.