Company Pays for My Masters Degree Info?

In summary, the decision to attend graduate school immediately after undergraduate or later is dependent on whether or not the individual is willing to pay for it or if their employer has a tuition assistance program. It is generally recommended to wait until a reputable company with a tuition assistance program is obtained. The average/median time to be considered for graduate school on the company's money varies and there is no general requirement. Some individuals have gone through this process and it is not difficult to prove to a manager that one is worthy of a masters on the company's dime. It is common for companies to pay for a master's degree after the employee has been with the company for 3-5 years and there may be a requirement to stay with the company for a certain
  • #1
user101
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Hi - I'm an undergrad EE thinking about graduate school: whether or not to attend after I graduate or later.

If I go to graduate school immediately after, I will have to pay. If I get a job with a reputable company with a decent tuition assistance program, they will pay. Obviously, we know which one is the better choice.

Now, my question is - if I get a job with a company as I mentioned above, how long will it take (average/median time) for me to be considered to attend graduate school on the company's money? Is there a general requirement?

Also, has anyone gone through this procedure? Is it difficult to prove to your manager that you're worthy for a masters on the company's money? Any advice/stories?

Thanks all.
 
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  • #2
I can imagine the company would be in need of someone with a masters, its kind of like, well why give this guy a masters if we don't have any spots open for it?

So if there's a demand for a person with a master's degree you'll be in luck BUT the hard part is, competing with all the other engineers who have worked longer for the company.

My uncle got his masters after a few years but this was when Computer Science was new, not sure how EE would go about doing it, again its probably supply and demand to determine how long until you can do it.
 
  • #3
I might be too cynical but in my experience they pay for a masters when you have been there 3-5 years and look like you are going to move on.
They generally pay for part-time courses where you work in the evening and only take 1-2 days a week off. That way they still get pretty much a full workload out of you plus they get to keep you for at least another 2 years. There is often also a period afterwards when if you leave you have to repay the tuition.
It's a very cost effective way of hanging onto experienced staff - compared to giving them a raise.
 
  • #4
I agree with you mgd_phys, the real world sucks! Raises are unheard of in big company's from what I've heard but only big company's are the ones that might let you get your masters.

My manager got sent back to get his MBA and he basically takes 1 class, so it will TAKE FOREVER to get his MBA but he must stay with the company. He also has to work a full 60 hours a week.
 
  • #5
I have several friends in engineering (EE, ME, AE, systems eng) who are attending grad school on their company's dime, mostly young employees who just started in the company. A friend of mine just graduated with his master's in August while working full-time; it took him only two years (I believe he took two classes a semester). He started master's classes immediately after he started working. My boyfriend is taking one or two classes each semester (4 or 5 classes a full year) and it'll take him about 2 years, plus or minus a semester. He started classes the semester after he started working.

I can think of a few other friends who also started master's classes (in one case, a second bachelor's) nearly immediately after they began working for their companies, while their companies paid for it. In a few cases, my friends took a break from classes, a semester or two off, which delayed their progress. I've heard of companies that actually allow full-semester breaks from work to allow for Ph.D. residency requirements, although I don't know how that works.

I've not heard of anyone having trouble convincing managers to let them take classes toward a master's degree. The most they had to do was prove that the degree is relevant to their work and sign a contract saying that work takes priority over classes.

I've never gone through the process myself, so I'm not sure where the frustration seen in the previous posts comes from. From what I've seen with at least 15 of my friends, overwhelmingly, it is possible to have a company pay for a new employee to get a master's degree in about 2 years. It it's a very common route to take.
 
  • #6
I don't know of any company that gives tuition benefits for advanced education who requires minimum employment times, most alow you to go right away. They may make you stay for a certain amount of time before leaving if they pay for say a masters, but otherwise you're free to go back to school.
 
  • #7
Sorry for the length of this post. I was curious, so I went down a list of my friends in my head, and this is what I came up with:

Space sciences bachelor's
Working full-time for Northrup Grumman for about 1 year
Taking online classes towards a master's in ME, will take about 3 years

Computer Science bachelor's
Working full-time for Boeing for about 2 years
Taking online classes towards a master's in systems engineering

ME/AE bachelor's
Working full-time for Lockheed Martin for about 2 years
Just graduated with her master's in AE Sciences, took classes in person, took 2 years

Electrical & computer engineering bachelor's
Just started working full-time at a local engineering company
Just started taking classes for master's

ME bachelor's, ME master's
Working full-time for United Space Alliance for 1 year
Taking online and in person classes for a 2nd master's in space systems engineering, will take about 2 years

ME/AE bachelor's
Working full-time an an energy engineering company for 2 years
Taking classes for engineering management, will take about 3 years

Physics and math bachelor's
Working full-time for a NASA contractor
Graduated 12 years later with a master's in physics, in person classes, not sure how long it took

AE and math bachelor's
Working full-time for Lockheed Martin for 2 years
Taking classes for master's in ME/AE, will take 2 years

Computer Science bachelor's
Working full-time for NASA for 3 years
Taking classes for master's in space systems engineering, will take about 2 years

Electrical and computer engineering bachelor's
Working for a local engineering company for 4 years
On-again off-again taking classes for a master's in systems engineering, he hopes to graduate next year

Engineering Physics bachelor's
Working full-time for a NASA contractor for 4 years
Taking classes for a master's in physics, will take about 3 years

Space sciences and physics bachelor's
Working full-time for a NASA contractor for 1 year
Taking in person classes for a master's in space sciences

EE bachelor's
Working full-time for United Space Alliance for 2 years
Graduated with a master's in space systems engineering in 2 years, online and in person classes

I could go on, but you get the idea. It's very common.
 
  • #8
Wow, thank you all, especially Laura1013 and Dr Transport! Laura, you've been most helpful.

And what I have heard is pretty much similar to what you all said - they'll let you get it right away. I guess it's one of those questions I'll be asking at the interview.
 

Related to Company Pays for My Masters Degree Info?

1. What is a "Company Pays for My Masters Degree" program?

A "Company Pays for My Masters Degree" program is an educational benefit offered by some companies to their employees. This program covers some or all of the tuition costs for employees to pursue a master's degree while still working for the company.

2. How does the company benefit from paying for my master's degree?

By investing in their employees' education, companies can improve employee retention and attract top talent. Additionally, employees who earn advanced degrees can bring new skills and knowledge to their roles, ultimately benefiting the company.

3. Do I have to pay back the company for my master's degree?

In most cases, employees do not have to pay back the company for their master's degree. However, there may be certain conditions or requirements, such as staying with the company for a certain period of time after completing the degree, in order to avoid repayment.

4. Can I choose any master's degree program or does the company have restrictions?

Each company may have different restrictions or requirements for their "Company Pays for My Masters Degree" program. Some may have a list of approved programs, while others may allow employees to choose any accredited program that relates to their current role or future career goals.

5. Is the company paying for all of my master's degree expenses?

Again, this will depend on the specific company and program. Some may cover all tuition costs, while others may have a maximum amount that they will pay. It's important to clarify the details of the program with your employer before enrolling in a master's degree program.

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