GMAC released results from its 2016 Alumni Perspectives Survey, based on responses from 14,279 graduate business school alumni from 1980-2015, representing 275 programs in 70 universities at 20 worldwide locations. The survey examines the educational, professional, and personal outcomes of its respondents. ROI is measured based on employment rates, post-degree salary growth, job satisfaction, career advancement, and salary estimates three, five, and ten years post-graduation.
92% percent of alumni were employed at time of survey, of which 3% worked in the C-suite, 18% at the executive level, 31% at the senior level, and 46% at mid-level positions
Compensation & ROI
• $2.5M – the median cumulative base salary for graduate business school alumni over 20 years post-graduation
• 3.5 – the average number of years it takes MBA alumni to recoup their b-school investment (for alumni of full-time MBA programs)
• 2.5 – the average number of years it takes MBA alumni to recoup their b-school investment (for alumni of part-time, flexible, online, and executive MBA programs)
• 0.8 – the average number of years it takes Master of Accounting graduates to recoup their investment
• 1.5 – the average number of years it takes Master of Finance graduates to recoup their investment
• 1 – the average number of years it takes Master in Management graduates to recoup their investment
Value of the Degree
• 95% – alumni who value their degree as “outstanding/excellent”
• 93% – alumni who rate their degree as “personally rewarding”
• 89% – alumni who rate their degree as “professionally rewarding”
• 75% – alumni who rate their degree as “financially rewarding”
• 73% – alumni who said their degree provided them with faster career advancement
• 59% – alumni who were motivated to pursue their degree to increase their salary
Check out the full report for more alumni perspectives.
Related Resources:
• The Hottest Skills that will Land You the Hottest Jobs
• The GMAC, the GMAT, and the MBA Degree
• Jumpstart Your Business Career with a Masters in Management Program
