What the rankings show: Salaries rise dramatically
Ursula Milton
A reader passing even the most cursory of glances over the Financial Times EMBA 2006 ranking would be struck by one fact: the year-on-year rise in average salaries reported by EMBA graduates has been dramatic.
Although this year’s respondents, who completed their EMBAs in 2003, report that they are working in comparable sectors to the graduates surveyed last year, and are working in companies of similar size to those who completed their degree in 2002, they are earning considerably more than graduates in the previous three surveys.
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In the 2005 survey, there were only four programmes where alumni were earning more than $200,000. This year there are 11 of them. As might be expected, eight of the top 10 programmes feature in the roll-call of very well paid alumni. The two top 10 European programmes, those offered by Instituto de Empresa and London Business School, do not.
Moreover, all the salary data collected for the EMBA 2006 survey point to the same conclusion. EMBA alumni working in Europe are unable to command the pay that their North American and Asian counterparts can. Conversely, it should be noted that alumni working in Europe experienced, on average, a larger salary percentage increase than those who work elsewhere.
For those working in North America, the salary percentage increase between before the EMBA and today, typically a period of five years, was 55 per cent, compared with 64 per cent for those working in Asia and 66 per cent for those working in Europe.
The ranking also shows that wherever they work, alumni of programmes in Europe experience greater increases in salaries. Instituto de Empresa is the runaway winner in this category, with a percentage increase of 138 per cent. Eight of the top 10 programmes for salary increase are wholly or partially based in Europe.
Last year, the Financial Times EMBA report presented analysis of trends in the data according to the age of the respondent. This year, data was analysed according to the continent that alumni are currently work in, or from which they hail.
This continental breakdown shows that, although average salaries for all sectors are considerably higher in Asia than in Europe and North America, for respondents from Asia, networking was a markedly more important outcome than increased earnings and was second only to management development. This bucks the trend seen in other continents and the sample as a whole.
Another notable feature of the 2006 ranking is the degree of stability seen at the top of the ranking. Among the 15 best programmes, three have not been ranked before (the Columbia/LBS, Trium and Washington EMBAs). None of the remaining 12 has moved more than four places since last year.
There has, however, been more movement in the ranking positions of some of the programmes further down the table.
In some cases this is because schools have improved their scores across the board, Cranfield School of Management is a case in point. For other schools, such as the Cox School of Business at Southern Methodist University, a big improvement in salary percentage increase, from 39 per cent in 2005 to 62 per cent this year was an important factor.
Schools that have experienced a large drop in their overall ranking have generally seen falls in their positions across all categories and not only in the more heavily weighted criteria such as salaries and research.
The schools that run the 85 ranked programmes are based in 18 different countries. Fifty of the schools are primarily based in North America, 29 in Europe and one each in South America and Australia.
EMBA薪酬大幅上升
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要读一下2006年《金融时报》EMBA排行榜,即便是匆匆一瞥,也会惊讶地发现,EMBA(高级管理人员工商管理硕士)毕业生所报告的平均薪水以惊人的增速一年高于一年!
今年的调查对象是2003年的毕业生,尽管他们的答卷显示他们和2002毕业生在就职公司的规模以及行业方面相类似,收入却远高于过去三年调查中毕业生的收入。
根据2005年的问卷,仅四家EMBA课程毕业生的薪金收入超过20万美元;而今年却有多达11家EMBA的毕业生年收入超过20万美元。不出所料,排名前十名的EMBA中有八家跻身毕业生高薪课程之列;只有西班牙企业学院(Instituto de Empresa)和伦敦商学院未在毕业生高薪课程之列。
而且,2006年EMBA调查中收集到的所有薪资数据都指向同一个结论:在欧洲工作的EMBA毕业生的薪酬没有在北美洲和亚洲工作的EMBA毕业生高;相反,也应该注意到,在欧洲工作的EMBA毕业生的平均薪金涨幅要高于在北美洲和亚洲工作的EMBA毕业生。
在北美工作的EMBA毕业生的薪酬涨幅――从入读EMBA之前到今天(通常是5年时间)――为55%,而在欧洲和亚洲工作的EMBA毕业生的薪酬涨幅分别为66%和64%。
2006EMBA排行榜还显示,欧洲EMBA课程毕业生不论在哪里工作其薪酬增长幅度都是最大的。西班牙企业学院EMBA毕业生的年薪增长幅度最大,增幅高达138%。薪资增幅排名前十的EMBA课程中,有8个课程的授课是全部或部分在欧洲进行的。
去年,《金融时报》EMBA报告是根据被访者的年龄划分进行分析的。而今年,是依据毕业生所工作的大陆或生源地对数据进行分类和分析的。
这种根据大洲分类进行的分析显示,尽管亚洲所有行业的EMBA毕业生薪酬都远高于欧洲和北美,但是对于亚洲的EMBA毕业生而言,社交网络是远比收入增长更重要的一个收获,其重要性仅次于管理能力的提高。在其它各洲以及整体样本上都有同样的趋势。
2006年EMBA排行榜另外一个值得注意的特点是排名名次的稳定性。前15强EMBA课程中,有3家以前从未上过榜,它们分别是哥伦比亚大学和伦敦商学院的合作项目,Trium(纽约大学斯特恩商学院、巴黎HEC管理学院以及伦敦经济与政治学院联合创办的全球合作项目),和华盛顿大学EMBA项目,其余12家自去年来的位次变化都不超过4位。
然而,15名之后的EMBA课程在位次变化上较大。有些是因为学校在各个方面都明显提高了得分,克兰菲尔德管理学院就是一例。有些是因为毕业生薪酬上出现大幅度上升,例如南方卫理公会大学科克斯商学院(Cox school of business at Southern Methodist University)的毕业生薪酬增幅从去年的39%跃升到62%,这导致其排名大幅上升。
那些综合排名大幅下降的课程多是在各个指标上的分数都出现下降,而不仅仅是在那些权重较大的指标――如薪酬和研究上出现下降。
这次排名的85个EMBA课程,由分布在18个国家的商学院所开设。其中50所商学院主要在北美运作,29所在欧洲,南美洲和澳洲各一所。