Last Updated on October 17, 2023 by Robert C. Hoopes
Title: Financial Support Declines for Executive MBAs, Kellogg-HKUST Programme Tops FT EMBA Ranking
In the latest 2023 FT EMBA Ranking, it has been revealed that the proportion of employers contributing to the cost of executive MBA (EMBA) programs for senior managers has dropped to just over half. The survey highlights a declining trend in financial support from employers towards their employees’ pursuit of higher education.
Among the top-ranked programs, the joint Kellogg-HKUST program in Hong Kong and Ceibs in Shanghai have once again retained the first and second positions. These programs continue to attract aspiring executives seeking a global mindset, despite the rise of nationalism.
The survey also uncovers a decline in the share of alumni receiving financial support from their employers. Over the past few years, full support has decreased from 29% in 2016 to 23% in 2023. Furthermore, the study reveals a consistent gender disparity, with financial support provided by employers being consistently higher for male alumni compared to their female counterparts.
One of the driving forces behind pursuing an EMBA remains the desire for management development and expanding professional networks. Additionally, the potential for increased earnings still serves as a significant motivator for executives seeking to advance their careers through further education.
In terms of academic research, US schools dominate the field, with eight of the top 10 institutions in this category located in the US. However, when it comes to gender equality, IE in Spain and Koç University Graduate School of Business in Turkey stand out as the only EMBA providers with an equal distribution of male and female faculty members.
Interestingly, the survey also ranks schools based on their carbon footprint and their incorporation of environmental, social, and governance (ESG) topics in core courses. SDA Bocconi School of Management in Italy, BI Norwegian, and IE Business School in Spain rank highest in terms of carbon footprint, while IE Business School and France’s ESCP Business School lead the way in integrating ESG topics into their curriculum.
In terms of alumni salaries three years after completing their degree, the Kellogg-HKUST program scored the highest, with graduates earning an average of $652,326. This impressive figure further solidifies the program’s reputation as a pathway to lucrative career opportunities for executives.
While financial support from employers may be on the decline, the demand for executive MBA programs remains strong. As executives increasingly seek to expand their horizons, develop a global mindset, and gain valuable skills, these programs continue to play a crucial role in shaping the future of the MBA career landscape.
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