EMBA students continue to realize much value from their EMBA experience, according to the results of the 2022 EMBAC Student Exit Survey.
In compensation alone, EMBA students made significant gains during their time in the program. Results revealed that EMBA graduates who participated in the survey received an average 17.7 percent increase in compensation – combined, both salary and bonuses – after program completion.
The average salary and bonus package at the program start for students in the 2022 survey was $231,143. By the end of the program, the average salary and bonus package rose to $272,160.
“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.
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, 41 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’s quality. They are likely to recommend their program to a colleague or friend and to support the program as alumni.
In addition, EMBA graduates credit EMBA with helping them improve their strategic thinking, critical thinking, and decision-making 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 allows 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 1,162 graduates of primarily U.S. EMBA Programs, and gathered data from programs between July 10, 2021, and August 1, 2022.
“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.
Learn more about the EMBA experience and its value in preparing for new challenges at EMBA Buzz and follow us on Facebook, Twitter, or LinkedIn.