The ROI of an EMBA at Wharton is the immediate value students bring to their companies. From their exposure to the world-leading business minds, employees studying current business issues are able to offer new strategies for improving business practices. Just one great idea or innovative project could pay for the entire program.
Sponsorship in an executive MBA program can prepare a future leader for top management positions and encourage a promising performer to stay with your company.
Wharton offers additional advantages to organizations. Each year, the MBA Program for Executives invites sponsors to experience the program first hand, including meeting faculty, sitting in on classes, and joining students for meals. Additionally, program staff are always available to offer support to students and organizations on how to make the most out of sponsorship.
What advantages does Wharton offer over programs that are closer and/or less expensive?
There are many MBA and executive MBA programs. Both sponsors and individual applicants need to judge whether Wharton is the most appropriate program for them. In general, sponsors often value three elements of Wharton's program above all: academic rigor; international faculty members who are both leaders in business research and teaching and highly regarded consultants to corporations and governments around the world; the highly selective group of experienced executive students from diverse industries. Wharton's dynamic learning environment creates actively engaged learners who are constantly making connections between school and work.
How much time away from work is involved?
The alternate Friday/Saturday weekend schedule translates into about two Fridays per month away from work over the two-year period. There are also a few extended weekends and one-week sessions during the course of the program (for instance, orientation week and the week-long International Seminar). Most sponsors discover that the same high level of drive and accomplishment that prompts qualified employees to take on the challenge of the program ensures that their contributions at work won't diminish during the program. Whether or not to consider program time away from work as vacation time is something that you can discuss with your candidate and negotiate terms that make sense for your organization. For additional information about schedules, or to download a calendar of program dates, see Program Schedule and Calendar.
Do you have to cover all costs to be a sponsor?
No. With the exception of Fellows candidates (candidates who have less than 8 years of work experience), full financial sponsorship is not required. The level of a sponsoring organization's financial support does not influence the Admission Committee's evaluation of an application. Full support does send a strong signal to your candidate that you are interested in his or her potential for growth in your organization. Support at any level, however, is valued by students. Some organizations cover tuition only, while others contribute a fixed amount. In some cases, students work with their sponsors to consider financial sponsorship as part of a total compensation package, for instance by deferring bonuses or salary increases during the sponsored period.
Proposing and receiving sponsorship is a crucial part of the application process. While employer endorsement is a requirement for admission, financial sponsorship is at the discretion of the student's organization. It can range from accommodating a student's schedule to covering tuition costs or providing full financial support for program and travel expenses.
Note: Supervising managers and executive development officers interested in nominating applicants who have less than 8 years of work experience are welcome to contact us. We would be happy to discuss the criteria for identifying appropriate Fellows candidates.