Print Print

Alternative ways of financing your Executive MBA

Through tax savings and/or fringe benefits

Are you in a situation where your company is not willing to help finance your education, or is only willing to finance part of it? If so, then there are a couple of alternative ways, in which you can finance your education that you might want to consider or may be eligible for.

Payment via gross salary


In a landmark decision by the Danish Tax Authority, educational expenses can legally be withdrawn from your gross salary if:
  • you pay salary taxes in Denmark, and
  • your employer agrees to participate by deducting the cost of your share of the education from your gross salary.
This may make it possible for you to finance your Executive MBA.

What the various financing models mean for you and your employer


Technically and financially, the tuition fees to participate in the CBS Executive MBA program can be split over three (3) financial years, so that approximately 32% of the tuition fee needs to be paid the first year, 29% the second year and the final 39% the third year. Additional expenses for books, study tours, housing etc. should also be anticipated. The tuition fees and expenses to participate in the Executive MBA program can be viewed by clicking here .

In the first model, your employer pays for the entire cost of your Executive MBA. In the second model, you agree with your employer to pay 25% of the cost of your Executive MBA, whereby the 25% is withdrawn from your gross salary. By doing so, your income will only fall by a total of :
  • DKK 8,000 the first year
  • DKK 7,000 the second year and
  • DKK 9,500 the third year.
The remaining portion of your “share” is financed through savings on your marginal tax.

This is a good starting point for a dialogue between you and your employer on how to best invest in your future!

In order to ascertain the exact impact of the different financing options, please click here:
Possible scenarios through tax savings and/or fringe benefits for participants to the Executive MBA Programme 2010 who work and live in Denmark


Last updated by Susan Agerskov 09/03/2009