Does Caterpillar offer tuition reimbursement?

Receive up to 90\% reimbursement for tuition, fees and books, up to annual limits and a lifetime cap, for courses taken at an accredited college or university. Courses must be directly related to your job or to one you could reasonably obtain at Caterpillar.

Is Caterpillar a good employer?

Excellent overall company to work for. It’s a huge company with endless opportunities for people. It’s what most would expect from a large corporation, but management is generally very supportive and your opinion seems to matter.

Can you negotiate tuition reimbursement?

Tuition reimbursement negotiating tactics. Develop a specific narrative. Being prepared and professional will automatically increase your chances of getting approved. Prepare your thoughts, and before you meet with your employer, put together specific talking points.

Is tuition reimbursement an employee benefit?

Federal tax law allows employees to get up to $5,250 in tuition reimbursement tax free from their employer every year. There’s a tax benefit for your employer as well: Your company can take that same amount—up to $5,250 per year, per employee—as a tax deduction.

Does Caterpillar pay well?

Caterpillar employees earn $60,000 annually on average, or $29 per hour, which is 10\% lower than the national salary average of $66,000 per year.

Is Caterpillar better than John Deere?

Caterpillar is clearly the bigger of the two companies and enjoys a much higher profitability than Deere. Moreover, Caterpillar is better utilizing its resources as evident from its higher return on assets and asset turnover ratios. Hence, it is no surprise that the market values Caterpillar higher than Deere.

What is the engineering development program at Caterpillar?

The Engineering Development Program at Caterpillar turns individuals into the industry le… Technical and Leadership Development Program provides individuals the opportunity to beco… Caterpillar Technical Marketing Development Program prepares individuals to help customer…

How does company sponsorship of MBA tuition work?

If a company agrees to fund an employee’s studies, the assistance will be based on a binding contract that requires the employee to stay on for a certain period after completing the MBA program. Company sponsorship of MBA tuition comes with quite a few strings attached.

Which companies pay for MBA tuition assistance?

Wells Fargo ( WFC) also tops the list of financial companies valuing tuition assistance benefits. The firm provides up to $5,000 annually for eligible tuition expenses. 4  Technology sector companies are high on the list of firms willing to pay MBA tuition expenses.

Is the cost of an MBA program tax free?

Assuming the MBA program is multi-year, it would be better if he reimbursed you each year. That way, $5250 each year is tax free. But, as the other answer indicates, if you employer treats the money as business expense reimbursement, rather than tuition reimbursement, it can all be tax free.