EMBA students continue to make impressive gains in salary and compensation during their EMBA experience – even during a year of immense economic upheaval – according to a recent survey.
The 2020 Executive MBA Council (EMBAC) 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 2020 survey was $169,269. By the end of the program, the average salary and bonus package rose to $193,200.
In addition, 39 percent of students who completed the survey received a promotion during the program and 53 percent reported increased responsibilities during the program.
EMBA graduates 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 also to support the program as alumni.
In addition, EMBA graduates credit their course work with helping them improve leadership skills, such as critical thinking, decision-making, team building, and understanding of new technologies, as well as strengthening other abilities.
“EMBA Programs help students achieve the professional growth that supports their career advancement and allows them to make greater contributions,” says Michael Desiderio, EMBAC executive director.
Students walk away with the knowledge, tools, and personal skills that allow them to thrive in uncertain environments, he says.
“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 Programs enrich students with new ways of solving business problems and provide them with tools to adapt in the face of adversity. Companies recognize how important these skills are now more than ever, and the increases in compensation and responsibilities given to professionals in these programs attest to that.”
EMBAC conducts the survey to track the perceptions and opinions of EMBA Program graduates and to help measure the return on investment of the degree. The survey included 2,922 graduates of primarily U.S. EMBA Programs. Percept Research, Inc., conducted the survey on behalf of EMBAC, and gathered data from programs between July 1, 2019, and Aug. 15, 2020.
“Year-after-year, we see similar results,” says Desiderio. “Not only do EMBA graduates see healthy salary hikes, they also prepare themselves for greater responsibilities and their next career move – no matter what that may be. That’s why students so often refer to the EMBA experience as a transformational one.”