Graduates from Australia’s top ranked Executive MBA program are making $US198,371 (AUD$292,000) a year within three years of graduating, according to a new global ranking of Executive MBAs.
Melbourne Business School’s $103,500 Executive MBA was ranked 58th in the world, up from 66th in 2018, and was the only Australian program to secure place on the prestigious listing.
The ranking is based on surveys of alumni from three years ago (2019 data is based on 2016 cohort) across five ranking criteria: salary today, salary increase, career progress, work experience and aims achieved. Together they account for 55 per cent of the ranking’s weight. The criteria about alumni salaries each count for 20 per cent.
The survey of MBS 2016 graduates showed their salary had increased 55% from their pre-MBA salary. The survey also showed a high level of international mobility with one in four students now working in a different country.
One in three MBS EMBA graduates working in companies with 500-5,000 employees and more than 35% have the job title of Senior Manager/Executive.
Designed for people with at least five years experience in management, the Melbourne Business School EMBA is delivered in long-weekend modules where students stay at the school for four days – Thursday to Sunday – and study intensively about once a month for 18 months.
The Executive MBA as a program is designed specifically for more senior managers and this year marks 75 years since the first program was offered at the University of Chicago Booth School of Business. More than 260 institutions now offer EMBAs, according to the Association to Advance Collegiate Schools of Business (AACSB).
Globally, HEC Paris secured top spot on the FT ranking, up from sixth place last year, helped by the career progress and work experience of the graduates surveyed. There is little movement elsewhere among the list’s top five programmes.
HEC Paris replaced Kellogg HKUST at the top but Kellogg retained the coveted position as having the highest post-degree average salaries. At average salary three years after completing their degree, graduates are taking home the equivalent of more than $AUD750,000.
The rankings of the EMBA-Global Asia, run by Columbia Business School, the University of Hong Kong and London Business School, and the Ceibs Global EMBA remain unchanged from last year, for example.