MBA costs through the company

[pickle]

hmmm, thanks

Thanks guys, not so cut and dried then. I will try and speak to a relevant proffesional (arnt there any proffesional accountants on this board ??)

I long since gave up with the monthly service type deals, I just have the local small guy do my end of years - Im not sure Id trust him anymore than Id trust you lot! Sounds like a call to the PCG might be in order - I think they have some accoutncy helpline no?

Anyway, I have already paid corp tax on the money, so as someone says, I can draw the money out as divs during the 2 years I wont be working and then close the company taking whats left as a capital gain, so may not be such an issue. It just would be nice to run the company at a loss for a couple of years as its pays NYU my course fees as I think that has some tax benefits going forward if I start contracting through my comapny again ( though hopefully not as a c# grunt anymore......)

Thanks. Anyone else with an opinion Id be happy to hear it!

[pickle]

another thing....

Just as an add on, probably should of mentioned this in my first post, but what got me thinking along these lines is that plenty of permies get sponsored through there MBAs by their employer (ie big consultancy etc) without there being any benefit in kind.

So my argument is why can my company, in there ever so generous way, not do the same for its own star employee?

[Tin Pot]

Benefit to the company

I'm considering an Executive MBA, and it seems perfectly obvious that this will directly benefit my company.

First of all your prospective clients will be a lot more impressed talking to an MBA qualified director than 'a product certified whatever' contractor when it comes to six figure contracts.
Opportunities to take on larger contracts should become achievable, if you put in the extra leg work and have a good business plan.

Secondly, the MBA training can be used to develop said business plan and therefore improve your chances for growth.

Thirdly, the course itself provides opportunities to make business contacts, and therefore potential for growth.


I don't see how this can be seen as anything other than beneficial for the company, in fact it seems like an extremely positive step.

[bobsmithldn]

TinPot, first things first - have you done a GMAT?

[Tin Pot]

TinPot, first things first - have you done a GMAT?

Not yet.

[bobsmithldn]

Not yet.

So, how do you know you're bright enough?

What do you do - Project Manager?

[BoredBloke]

Doesn't this all depend on what your long term aim is? If you are trying to break into the expensive day rate consultancy market then a MBA would definately be a bonus for your company and on that grounds I would say that it fits the bill for company funding. Do accenture claim the training their 'consultants' get?

[Tin Pot]

So, how do you know you're bright enough?

What do you do - Project Manager?

Lol - are you kidding? I thought the discussion was as to whether MBAs were a legitimate business expense, to which I would say yes.

Am I a good enough candidate for an MBA course? Well that's a different question; the school I apply to will tell me whether I'm good enough for the course.

[bobsmithldn]

Lol - are you kidding? I thought the discussion was as to whether MBAs were a legitimate business expense, to which I would say yes.

Am I a good enough candidate for an MBA course? Well that's a different question; the school I apply to will tell me whether I'm good enough for the course.

What you gonna do if you're not bright enough - sell hotdogs in Manhattan? derrrr ... think ahead dude ...

[nobody here but us chicke]

good enough ? rich enough ?

At many business schools (OK not the 'best' ones) from what I've seen, the issue is to a large extent 'can you afford it?' rather than are you good enough?