In the past, it seems that companies were willing to pay for outside education for entry-level employees. I assume that sort of thing still goes on (along with a variety of other fringe benefits, housing assistance, etc) at larger companies, probably not at smaller ones.
I don't really have an opinion one way or another about MBAs. It is my uninformed impression that night-school MBAs are good for credentialing/signaling that you can read a balance sheet, but that it's only the very top of the MBA pile (the Harvards/Stanfords of the world) that will be able to get significant financial boosts from their degrees.
Readers, any thoughts? How is your company doing in terms of paying for more education for you? Leave them in the comments.