Numbers make or break a business. In our industry – one that prepares business leaders to meet increasingly complex challenges – we, too, value the numbers.
That’s why EMBAC continues to invest in research, independently and in collaboration with others. And the results we are seeing regarding impact, satisfaction, and perceptions would make any business happy.
For example, the 2017 EMBAC Student Exit Survey revealed that EMBA graduates received a 14.1 percent increase in compensation – combined, both salary and bonuses – after program completion.
The average salary and bonus package at program start for students in the 2017 survey was $176,490, compared to $157,298 in 2016. By the end of the program, the average salary and bonus package rose to $201,509, compared to $175,621 in 2016.
In addition, 41 percent of students who completed the survey received a promotion during the program and 52 percent reported increased responsibilities during the program.
We also learned that EMBA graduates are highly satisfied with their EMBA experience, including program quality. EMBA Programs also shine on another key satisfaction measure for any business: Alumni are likely to recommend their program to a colleague or friend.
And a recent joint study between LinkedIn Marketing Solutions and EMBAC helps confirm those results.
According to the 2017 survey of more than 1,000 Executive MBA alumni throughout the world, the majority of graduates found their EMBA experience worth the investment of time and resources. In fact, 72 percent of participants responded that the EMBA Program positively impacted their careers, resulting in advancement and even the launch of their own businesses. Graduates in the survey also saw a substantial salary increase over time – 28 percent in the first five years.
We also wanted to learn more about the perceptions of the digital generation. Do they see the MBA degree as a viable one? Indeed, the answer to that question is yes.
Another 2017 survey found that 60 percent of 1,665 respondents between the ages of 21 and 40 said that they were very likely or extremely likely to pursue an MBA, or MA or MS in business management. EMBAC, UNICON, and AACSB International sponsored the research, which involved participants from 10 countries.
The numbers tell a great story of impact and interest, but we know that EMBA Programs are not resting on their laurels. They continue to evolve and respond to changing marketplace needs…and ongoing research will help the industry spot those needs and measure success.
Read more about survey results at our blog, EMBAC Buzz.