Get a Job, Receive Help Preparing for Graduate School

By Chris Hassan
Posted September 07, 2012 01:00 PM

Many employers helping workers advance their education.
Many employers helping workers advance their education.
Good help is hard to find. For this very reason, it may not sound like the smartest move for companies to help their employees pursue a master's degree. However, this is exactly what a number of well-known organizations are doing in an effort to attract some of today's brightest undergraduate talent, The Wall Street Journal reports.

Employers Provide Incentives for Prospective Graduate Students

Much planning goes into individuals' decision to apply to, and eventually enroll in, a graduate program. Fortunately, a number of companies are ready to lend a helping hand through this challenging, and sometimes costly, process.

As a large number of employees plan to continue their education in business school, many companies have formed corporate partnerships with firms that can help their workers prepare for the Graduate Management Admission Test (GMAT), such as Manhattan Prep. Officials from this company, which helps individuals acquire the skills necessary to score well on the GMAT, noticed an increased interest in their services from employers about six years ago, according to the Journal.

Today, Manhattan Prep's roster of corporate partners features more than 40 companies, including Google, Goldman Sachs Group, Boston Consulting Group and Deloitte Consulting LLP. Working together has allowed these businesses to offer their employees Manhattan Prep classes at discounted rates.

For Companies, It Pays to Help Students Continue Their Education

There are the companies that are sure to lose employees for good once they venture off to graduate school. Then, there are those that believe by providing test-preparation courses, opportunities for mock interviews and graduate school information sessions in the workplace, they are actually creating long-term loyalty. Furthermore, some businesses may only offer incentives if employees agree to return to work after earning their graduate degree for a specified amount of time.

Some professionals, like Julie Meehan, a principal at Deloitte, view a Master of Business Administration (MBA) as a valuable asset to the company's workforce that can fill knowledge gaps.

"It's a very significant investment, both financially and time-wise, but we see it as one of the most important things that we do in terms of developing our practitioners," Meehan told the Journal.

Continuing Education Valued by Many Companies

In addition to organizations' increased interest in sending employees to graduate school, online newspaper The EvoLLLution recently released the results of its study of North American employers, according to a press release. Based on its findings, 96% of respondents believe that continuing education is linked to improved job performance.

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