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The Value of An EMBA: Increased Salaries, Promotions, New Responsibilities

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What is the value of an executive MBA?  According to a study by the Executive MBA Council, graduates of EMBA Programs realize a significant return on their investment.

As reported in the Financial Times, the Council’s exit survey of 3,212 recent graduates from 102 EMBA programs found that:

  • The average EMBA student’s total compensation (salary + bonus) grew by 16.3%, or $22,100, over the course of the program.   The average student earned $135,323 per year when entering the executive MBA program, and saw their comp package grow to $157,423 by graduation.
  • All of these figures – starting salary, salary on graduation, and percentage growth – have increased since the 2010 survey.  In that survey, EMBA students reported that their total comp grew from $127,955 to $142,534 during the program.  That is a difference of 11.4%, or $14,579, per year.

Given that the average Executive MBA program now has a total cost of $73,120, according to the Council’s website, this suggests that  for 2011 graduates, the EMBA program will pay for itself in approximately 3-1/2 years – providing an attractive return on investment.

Of course, in true analytical MBA spirit, it is important to take these figures with a grain of salt.  Correlation is not the same as causation, and without having a control group for comparison, it is difficult to say how much of this income gain was due to the EMBA program itself, as opposed to an improving economy and the generally strong work performance of EMBA-caliber employees.  Nonetheless, given that 67% of EMBA students receive some form of employer sponsorship – including the 27% of students who receive full sponsorship – EMBA programs do seem to provide a positive ROI.

In addition to the monetary benefits, the study found that 37% of students were promoted while studying in the EMBA program, and 68% received new responsibilities.

 

MIT Executive MBA Announces Admissions Changes for Class of 2012 – 2014

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The MIT Executive MBA program has announced changes to its admissions process for the Class of 2014 (entering October 2012).  Unlike the rolling admissions process of previous years, this year MIT will have two admissions cycles.

The deadline for Round One decisions is February 16, 2012

The deadline for Round Two decisions is May 31, 2012.

The online application portal will open on November 18, 2012.  However, the MBA EMBA program has already released next year’s essay questions.  While these are largely the same, there are some changes.

MIT EMBA 2012 Admissions Essay Questions for Class of 2014

These essay questions can be found on the MIT EMBA application process page

A statement of purpose, indicating your qualifications and why you are pursuing the MIT Executive MBA. (500 words or less, limited to one page)

A resume in standard business format covering education and work experience (please be specific about dates, limited to two pages)

Three essays. The 2012 application (for the Class of 2014) features the following:

  1. The educational mission of the MIT Sloan School of Management is to “develop principled, innovative leaders who improve the world.” Please discuss how you will contribute toward advancing this mission based on examples of past work and activities. (500 words or less, limited to one page)
  2. Please describe a time when you challenged established thinking or an existing system. What did you do, and how did you do it? (500 words or less, limited to one page)
  3. 3. Please describe a time when you had to make a significant decision based on incomplete or ambiguous information. (500 words or less, limited to one page)
Admission to the MIT EMBA program has been extremely competitive for the past two years.  Good luck to those applying this year!
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