Learn the hard facts about the Executive MBA experience as reported by almost 3,000 alumni.
As we wait for 2021 data from the EMBAC Student Exit Survey, here is a closer look at some curious trends revealed in 2020, including EMBA graduate experiences and return on investment (ROI) data.
Since its launch in 1943 in the US, the Executive MBA (EMBA) has become synonymous with prestige, leadership, and high competitiveness. With EMBAs being in-demand globally, it’s no surprise that between 2015 and 2019 alone, EMBA applications have climbed 32%.
EMBA programmes have remained strong even during the ongoing coronavirus pandemic. In fact, its flexibility, robust network, and openness to business leadership ideas in times of hardship has become the cornerstone of its success.
EMBAC Student Exit Survey: 2020 results
Before the release of the 2021 EMBAC Student Exit Survey results, let’s explore some past data, which can help prospective applicants understand what EMBA participants think about the format, their graduate experiences, and ROI after graduation.
The results released in December 2020, in particular, can be highly informative, reflecting EMBA prospects in times of economic and social turmoil. The 2020 EMBAC Student Exit Survey revealed that despite the vast number of uncertainties, EMBA graduates received an increase in compensation, including bonuses, of 14.1%. Data showed that the average salary and bonus package at programme start was USD 169,269, while by programme end – USD 193,200.
On top of that, 53% of respondents received new responsibilities thanks to the novel skills they acquired, and 39% got promoted during the EMBA programme.
As a result, many EMBA graduates reported high levels of satisfaction with their programme and admitted they were more likely to recommend and support it as alumni.
The 2020 EMBAC Student Exit Survey results prove that investing in an EMBA programme can benefit professionals not only to advance in their careers but to improve some vital skills in today’s changing workforce, such as decision-making, critical thinking, and teambuilding.
As EMBAC executive director Michael Desiderio said, “Despite a year of unprecedented challenges that have impacted the global economy and workforce, the investment in an Executive MBA continues to be valuable to both students and companies… EMBA programmes enrich students with new ways of solving business problems and provide them with tools to adapt in the face of adversity. Companies recognise how important these skills are now more than ever and the increases in compensation and responsibilities given to professionals in these programmes attest to that.”
About the EMBAC Student Exit Survey
The EMBAC Student Exit Survey is conducted annually by the EMBAC, or the Executive MBA Council, which is the leading academic association that represents the EMBA sector. Note that the association includes more than 200 academic institutions that administer over 300 programmes across 30 countries globally.
The EMBAC Student Exit Survey is one of the primary means EMBAC employs to offer valuable insights into the EMBA industry and support its members. The 2020 survey, in particular, was conducted by Percept Research, Inc., and included 2,922 graduates of EMBA programmes, primarily in the US.
Given the scope of the survey and the fact that most EMBA participants have extensive professional experience of over ten years, it’s clear that EMBAs still stand strong – even amid the numerous financial and health challenges industries are facing globally. In fact, completing an EMBA can become a tool to overcome these challenges and thrive in the face of adversity. Will 2021 data confirm the same? It’s yet to be seen!