There are basically two methods of financial support that working people can use when pursuing an MBA. One is the scholarship, which is offered by the business school on its own terms, and another is the Specialized Practical Training and Education Benefit, granted by the Ministry of Health, Labor and Welfare.

There are three types of scholarships: exemption, financial aid, and repayment. With exemption, the entire tuition, or part of it, is literally exempted (reduced), and the grantee is selected during the admission process (before the program starts). Financial aid is a style of scholarship that is very common in Europe and North America. After the entire tuition is paid to the business school, part of it is paid back (refunded) as financial aid, depending on the applicant’s score on the entrance exam or grades during the program. A repayment scholarship is a deferred payment (or payment after career progress) in which the student is exempted from the entire tuition or part of it while enrolled but has to repay it within a certain period after graduation. In the US, where tuitions are very high, this is seen as a social problem that results in former students carrying an educational loan for a long period of time.

The Specialized Practical Training and Education Benefit is a financial support system designed for working people that want to return to school in an institution that offers practical education such as an MBA program. Naturally, to be awarded this benefit, there are procedures and conditions that need to be met before, during, and after the course (e.g., a payment period of employment insurance, a period of benefits received in the past, etc.), but it is a revolutionary system that provides financial aid of up to 1,120,000 yen. Now that re-education in business schools has become a common practice, this system is expected to reduce the burden both for working people that want to pursue an MBA degree and companies that want to invest in human resource development. As an MBA school, our objective is to offer management education with an even more complete curriculum and teaching staff in order to meet this kind of expectation.