More students are paying their own way through their executive MBA programmes, so getting a better job at the end of it is critical. In spite of the challenging economic climate, self-financing EMBA graduates have continued to increase their salaries significantly.
The number of self-financing students increased from 27 to 33 per cent between the FT’s surveys in 2007 and 2011. Indeed, growth in EMBA student numbers over the past few years has been driven by students receiving either partial or no financial support.
Using data from alumni surveys completed between 2007 and 2011, the FT compared their salaries before commencing EMBA programmes and three years after graduation. Alumni surveyed in 2011 graduated in 2008.
Even though the median salary increases of self-financing alumni declined from 55 per cent (2007 respondents) to 43 per cent (2011), the median salary rise for 2011 respondents was $38,078.
Over the five-year survey period, the median percentage salary increase for self-financing alumni was 50 per cent, marginally higher than the median increase for all EMBA alumni (48 per cent).
Analysing data by school region, graduates from continental European schools have been the hardest hit, with salary increases dropping from 88 per cent in the survey of 2007, to 53 per cent this year.
However, UK school alumni saw greater proportional salary increases. This appears largely attributable to the international composition of the UK EMBA programme.
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