Oracle Database Certification Cost and Financing Options
Obtaining Oracle database certification would provide tangible benchmarks of your experience and expertise that can help you stand out among a crowd of potential employees. In fact, Oracle boasts that more than 80% of people who earned certification have reported a salary increase, promotion or career improvement.
That said, certification through the Redwood Shores, Calif.-based computer technology company comes at a cost. Read on to get a sense of what your total cost could be if you’re thinking of getting certified, as well as the financing options that are available to you.
- Oracle database certification costs
- Should you finance the cost of Oracle database certification?
- 3 Oracle database certification financing options
- The bottom line
Oracle database certification costs
There is no one-size-fits-all cost breakdown with Oracle database certification training to determine what your total expenditure will be. Instead, your costs will be based on the exams you’re looking to take, the amount of training you think you’ll need, and any additional preparation.
The majority of Oracle’s certification exams cost $245. The junior associate exams, which are aimed at students and those interested in entry-level positions, cost considerably less at $95. On the other hand, Certified Master exams, which often include multi-day, performance-based reviews, can cost more than $2,700.
If you take one of Oracle’s training courses before the exam, that will be an additional cost. Oracle offers each of its trainings in various formats and price points so that you can choose the option that works best for you.
The formats are as follows:
- Classroom training: About $814 a day, or $4,070 for a five-day course
- Live virtual classes: About $772 a day, or $3,860 for a five-day course
- Training on demand: $3,400 for 90-day, unlimited access to a video course
- Learning subscription: $1,695 to $6,995; self-paced option includes a year of access to training materials and hands-on labs, plus the cost of the certification exam
Besides the training materials, you have the option to buy exam preparation materials for the core Oracle database administrator certifications and Java certifications. Your available options are:
- Kaplan IT Training practice exams: 30-day access for $88 or 180-day access for $129; uses realistic exam simulations to help you prepare
- Exam prep seminars: $245; offers a fast-paced review of the exam and a structured study plan
- Exam prep seminar packages: $617; includes everything in the exam prep seminar, as well as a practice exam, an exam voucher and a free retake of the exam if you don’t pass
If your school is a member of the Oracle Academy, you may be able to qualify for a discount on your exam fees and practice tests.
View Oracle’s membership directory to see if your school is listed. You need to be logged in to your Oracle account to get details on the specific discounts.
Should you finance the cost of Oracle database certification?
Deciding whether to finance your Oracle database certification is a big decision. Before you take out a loan or credit card, you need to be sure that you’re prepared to cover the costs.
With that in mind, take the time to answer the following questions to see if financing your certification is the right choice.
How soon do you need the certification?
While it may be tempting to get started on obtaining your Oracle DBA certification right away, be honest with yourself about how soon you need it.
If you can wait a bit, it may be worth it to simply work on saving up money rather than taking on additional debt.
Can you afford to take on more debt right now?
It’s important to be realistic about whether you can afford to take on more debt.
Consider the effect that an additional monthly payment will have on your budget if you need to use a credit card or personal loan, as well as whether you have enough money to cover possible costs such as origination fees.
What is your credit score?
Your credit report and credit score play huge roles in your ability to be approved for a loan or credit card, as well as the APRs that you’ll be offered.
You can check your credit score for free through My LendingTree. If your credit score could be better, think about taking the time to understand and improve it before applying for additional financing.
Are you prepared to comparison shop?
If you’ve chosen to go the personal loan route (more on this soon), talking to a lender is a good way to get a sense of the options available to you. But you’ll still want to shop around to ensure that you get your best rates.
When comparing options, make sure to consider the following:
- Secured or unsecured loans
- Fixed or variable interest rates
- The APR ranges, loan amounts and term lengths you’re being offered
- What fees you’ll be charged
3 Oracle database certification financing options
Personal loans, which are typically unsecured, can be put toward just about anything. Since lenders take on a bigger repayment risk than if the loan was secured, they rely heavily on your financial history and credit score when deciding whether to approve you for a personal loan. These factors will likely affect the APR you receive.
If you have excellent credit, personal loans offered through LendingTree’s marketplace start as low as 3.99% APR.
How to qualify
To qualify for a personal loan, the lender will likely verify your income, either through pay stubs or your tax return.
The lender will likely run a credit check to look at your payment history, among other things. Your payment history makes up 35% of your FICO Score and is a good indicator of whether you will be able to pay back a personal loan.
When you take out a new credit card, you are extended a line of credit. You can then borrow against the line of credit, as needed, until your credit limit.
With a credit card, you’ll be expected to make regular, monthly payments against both the principal and interest, unless you always pay off your full balance before interest is charged.
Though, there are 0% APR cards that allow you to avoid interest payments for a certain period of time. These can be extremely risky if you can’t pay your full balance within the promotional period.
How to qualify
Your ability to qualify for a new credit card is largely based on the strength of your credit score. You’ll want to check your score before you apply to make sure that you’re targeting cards that are an appropriate fit for you.
Decide what type of credit card best suits you. Do you want a rewards card? Are you eligible for a student card? If you’re looking among the best miles and travel credit cards, for example, you may need a higher score (though that’s not always the case).
When you’re ready to apply, you’ll need to provide personal information such as your date of birth and Social Security number. You’ll also need to self-report your income.
Home equity line of credit (HELOC)
A home equity line of credit (HELOC) works similar to a credit card, except the loan is secured by your house. Since the loan is secured, it may offer lower interest rates than a personal loan or credit card.
HELOCs are broken up into two distinct periods: the draw period, where you can borrow against your line of credit as needed, and the repayment period, where you work to repay what you borrowed. This may be a good option if you intend to take multiple certification tests over the next few years and may need to borrow money more than once.
How to qualify
To qualify for a HELOC, you need to have equity in your home — usually at least 20%. You’ll also need to know how much you want to borrow since lenders might have a minimum amount — usually around $10,000 — that they’ll extend as a line of credit.
Before applying, gather information such as proof of employment. During the application process, the lender will take into account the current value of your home, as well as your income, credit score and debt-to-income (DTI) ratio.
The bottom line
Getting your Oracle database certification can help you prove your knowledge and help put you ahead of other applicants in your field. That said, depending on how much training and exam preparation you need, the process can get costly.
However, if you need to finance your certification training, there are plenty of options to help you do so. Just be sure to do your research into each financing option that you’re considering so that you will know you’re choosing the method that’s the best fit for your finances.