While the traditional two-year MBA is seeing a decline in applications, the Executive MBA (EMBA) is on the rise, with 50% of programs around the world reporting growth this year, compared with 32% of MBAs.
Evidently, more people around the world are seeing the value of investing their time, and money, into an EMBA program. And new research from the Executive MBA Council (EMBAC) shows that EMBA rewards go further than a salary increase.
The results from EMBAC’s 2018 Exit Survey show that 54% of EMBA students surveyed this year received new responsibilities at work during their program—up from 52% last year.
And nearly 40% of respondents also reported receiving a promotion while they were studying, suggesting that employers are seeing immediate benefits to the workplace from employees studying for an EMBA.
Michael Desiderio, executive director of EMBAC, attributes these career benefits to a more competitive job market.
“As the demand for competent and innovative leaders continues to rise, companies and individuals will look for ways to advance their abilities to stay competitive in the ever-changing business landscape,” he says.
The survey also detailed the skills which EMBAs are reported to be most competent in—and these results provide another reason why the EMBA is growing in popularity among students and employers alike.
The top learning outcomes reported by the survey include better team building skills, creativity and innovation, and critical thinking—and it’s precisely these skills that the Financial Times reports employers are actively looking for in business graduates.
Europe and China lead the way for post-EMBA career progression
If career progression is something you crave, an EMBA seems to be your ticket to success.
And data for career progression from the Financial Times global EMBA rankings this year also tells an interesting story about which schools are leading the way in granting opportunities for graduates.
The career progression ranking takes into account the seniority of position and size of company alumni are working for after their EMBA. In the top 10, only one US business school appears on the list—Ernst Scheller Jr. College of Business at the Georgia Institute of Technology.
Instead, the top 10 is dominated by European and Chinese business schools.
ESCP Europe offers a unique, highly-flexible EMBA, with the opportunity to study on-campus in five different countries in Europe, as well as individual coaching throughout the EMBA to help students achieve their career goals.
Second on the list for career progression is Warwick Business School’s EMBA, given at Warwick’s London campus on the 17th floor of The Shard skyscraper—the program includes executive career development support, integrated throughout the program.
The school reporting the largest salary increase on the FT list is Antai College of Economics and Management at Shanghai Jiao Tong University—graduates reported a staggering 118% increase in their salaries compared to before their EMBA.
By comparison, the EMBA that came top of the FT leaderboard overall—the joint program from Kellogg School of Management and Hong Kong University of Science and Technology—ranked 22nd for salary uplift post-EMBA, with an increase of 66%.