EMBAC Survey Shows Hike in Compensation

In compensation alone, EMBA students made significant gains during their time in the program, according to the results of the 2023 EMBAC Student Exit Survey. 

Results revealed that EMBA graduates who participated in the survey received an average 23.9 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 2022 survey was $193,215. By the end of the program, the average salary and bonus package rose to $239,312.

“These compensation hikes – while students are in the program – are one measure of the many ways the EMBA experience helps students advance their careers,” says Michael Desiderio, EMBAC executive director.

Benefits that extend beyond compensation

EMBA Programs encourage students to apply what they learn while attending classes to their workplace, says Desiderio.

“EMBA Programs offer numerous opportunities to leverage the new knowledge and skills that result from their EMBA experience in their jobs,” he says. “And organizations notice the transformation of EMBA students.”

In fact, 42 percent of students who completed the survey received a promotion during the program, up from 36 percent in 2021, and 52 percent reported increased responsibilities during the program, up from 49 percent in 2021.

EMBA graduates also appreciate the program’s benefits: They reported high levels of satisfaction with their EMBA experience, including the program quality. They are likely to recommend their program to a colleague or friend and to support the program as alumni.  

Results revealed that EMBA graduates who participated in the survey received an average 23.9 percent increase in compensation – combined, both salary and bonuses – after program completion.

Improvement in key skills

In addition, graduates in the survey credit EMBA with helping them improve key business skills, as well as strengthening other abilities. 

EMBA Programs help prepare students to lead during times of great change and uncertainty, which makes the program more relevant than ever, says Desiderio.

“In these days of almost-constant change, the skill set that EMBA Programs help students develop allow them to adapt to rapid marketplace changes. They learn ways to nurture innovations, marshal their teams, and drive change that helps their organizations thrive.”

Percept Research, Inc., conducted the survey, which included 1,188 graduates of primarily U.S. EMBA Programs, and gathered data from programs between July 2022 and June 2023.

“The survey helps prospective students better understand the impact of an EMBA Program and the ways the EMBA experience could help advance their careers and help them grow,” says Desiderio.

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