VT Employees

Virginia Tech Employees and the PMBA

The opportunity to enroll in the Professional MBA as a Virginia Tech employee provides you with a chance to gain exposure outside of the higher education industry and take advantage of the Virginia Tech Tuition Assistance and Reimbursement Program for Salaried Employees Policy 4800.

This policy was revised Fall 2015 to enhance coverage for accelerated programs such as the PMBA program, allowing employees to borrow from future tuition credits to cover the PMBA’s required 24 credits each year.

Example of Coverage

Below is an example of how the benefit could apply to the PMBA (please note that these figures are approximate). Review the Virginia Tech Tuition Assistance and Reimbursement Policy Application to the Professional MBA for more details.

An employee that is approved for the Traditional Benefit Coverage can expect the following:

Semester Program Cost Standard Benefit Covers Employee Pays*
Fall 2016 $9,928.50 $4,507.50 $5,421.00
Spring 2017 $9,928.50 $4,507.50 $5,421.00
Fall 2017 $10,321.50 $4,507.50 $5,814.00 (estimated)
Spring 2018 $10,321.50 $4,507.50 $5,814.00 (estimated)
Total $40,500.00 $18,030.00 $22,470.00

An employee that is approved for the Accelerated Educational Benefit Coverage can expect the following:

Semester Program Cost Accelerated Benefit Covers Employee Pays*
Fall 2016 $9,928.50 $6,778.50 $3,150.00
Spring 2017 $9,928.50 $6,778.50 $3,150.00
Fall 2017 $10,321.50 $6,778.50 (estimated) $3,543.00 (estimated)
Spring 2018 $10,321.50 $6,778.50 (estimated) $3,543.00 (estimated)
Total $40,500.00 $27,114.00 $13,386.00

* The employee is responsible for the remaining Program Fee, which can be reimbursed by the employee’s department if approved per the reimbursement portion of the policy 4800.

Process

To learn more how Virginia Tech employees can take advantage of this benefit, please review the Virginia Tech Tuition Assistance and Reimbursement Policy Application to the Professional MBA document.