Studying for an MBA while continuing to work pays real dividends, according to a survey of recent graduates by the Executive MBA Council. The results come at a time when there is increasing interest in executive and part-time programmes as managers become unwilling to finance full-time degrees.
According to the Student Exit Benchmarking Survey, the salary and bonus packages of recent EMBA graduates increased by 16.3 percent from programme start to programme end. The average salary and bonus package at the start of the programme was $135,323, rising to $157,423 by the end of the programme. Both average starting and ending salaries increased from those reported in the 2010 survey, in which the percentage increase between the two salaries was just 11.4 per cent.
“Return on investment of the EMBA experience can be viewed in many ways,” says Michael Desiderio, executive director of the Executive MBA Council. “Survey data regarding salaries continues to show that the marketplace clearly values the contributions of EMBA graduates.”
Additionally, 37 per cent of students received promotions during their time in the programme. The survey was compiled from the responses of 3,212 students from 102 programmes.