Almost all students – 97 percent – who took part in the Executive MBA Council 2009 Student Exit Benchmarking Survey say their programs met or exceeded their expectations for impact on their career, the Executive MBA Council revealed last week.
The organization conducts the Student Exit Benchmarking Survey to track the perceptions and opinions of Executive MBA program graduates and to help measure the return on investment of the degree.
Here are some of the conclusions from this year’s survey of 3,348 students from 112 programs, as compared to the results from 2008.
- Average salary at the start of their executive MBA program was $125,029 (up from $115,177 the previous year).
- Average salary upon completing the program was $136,722–a 9% increase.
- In 2008, students’ salaries increased 17% on average.
- The 2009 graduating students expect a payback period of 49 months, up from 43 months the previous year.
- 32% of executive MBA students were promoted; 44% received additional job responsibilities.
- In 2008, 40% were promoted and 49% received new responsibilities.
“Raises and payback periods fluctuate with the economy. Despite these extraordinary times, the data is still very positive,” says Michael Desiderio, executive director of the Executive MBA Council. “The Executive MBA is a long-term investment, and our member programs are committed to providing an outstanding experience that will have long-term impact on students’ careers.”
If you are feeling stumped by your application essays and need some additional guidance, check out our NEW series of essay guides for MBA applications. Columbia, Harvard, Kellogg, Stanford and Wharton available now. They are seriously terrific and we are proud to say that almost every person who has ordered one has come back for more!