How to Finance Your MBA Degree – ESF Education Continuance Check Saxony

Sarah Wieske: ESF-Förderung „Weiterbildungsscheck privat“
Sarah Wieske: ESF-Förderung „Weiterbildungsscheck privat“

Money makes the world go round – this simple piece of wisdom also applies to student financing. There are many paths leading to the goal. In addition to the classic way of gifted students receiving scholarships, there are other funding opportunities such as grants or affordable loans to look out for. Learn about some possibilities to finance your Master degree. 

Sarah Wieske (HHL Alumna): “Weiterbildungsscheck individuell” ESF funding

Professionally, all is going well. Sarah Wieske could sit back and relax. She is working as a corporate consultant for several years.  However, standing still is not her thing. She wanted to progress in her career and decided to do her part-time MBA study at HHL.

The program costs money, of course. Sarah Wieske found out about an affordable way from a colleague of hers, who had already received funding from the European Social Fund (ESF). This institution provides funding for on-the-job training projects. “The great thing about this type of funding is that it is not a loan but a grant. It covers half of the tuition fees,” explains the MBA alumna Sarah. The only drawback: you do not receive the money until after the program has been successfully completed and so students have to pay the full amount upfront.

At least the application process with Sächsische Aufbaubank was not complicated. “I had to prove that I have a job and reside in Saxony and that the qualification will improve my career opportunities.” But even without funding, she would have decided to study at HHL. “It is a relief though to know that in the end, I do not have to pay back the full amount.”

Find out more about ESF funding for the part-time MBA program or contact Petra Spanka, Senior Manager for Student Recruitment at HHL Leipzig Graduate School of Management (petra.spanka@hhl.de).

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