NEARLY HALF THE EMBA STUDENTS IN DARDEN’S LATEST CLASS WERE ABLE TO SWITCH CAREERS
Here’s the data on Darden’s Executive MBA Class of 2019 of 122 students.
55% Ended the program with the primary career objective of switching – pivoting from their current job and organization to a new role or function in a different company.
26% Ended the program with the primary career objective of climbing – seeking to move within their current company to a more senior position and / or a role that would offer greater challenge or fulfillment
19% Ended the program with entrepreneurship as their primary career objective; working toward the launch of a new business or expanding their existing business.
48% of those seeking to switch were able to do so during the course of the MBA program.
Those that switched had an average salary increase of 76%.
Average starting compensation (base + bonus) for those that switched during the course of the program was $153,000.
They went to a broad spectrum of industries (9 industries). 77% went to 5 industries including:
Banking / financial services (20%)
Healthcare / Bio-Pharma (10%).
The rest were scattered across real estate, consumer goods, media, and NGO’s
55% of those seeking to climb received promotions during their time in the MBA program.
Those who were promoted during the program reported an average compensation increase of 60%. This was based on:
Average compensation of $148,000 at the start of the program
Average compensation of $237,000 at graduation.
For the entire group of 18 climbers (those that were promoted and those that were not), average compensation rose by 45%. This was based on:
Average compensation of $143,500 at start of program
Average compensation of $208,500 at graduation
For those 8 climbers who had not been promoted, average compensation rose by 26%. This
Average compensation of $138,000 at start of program
Average compensation of $173,000 at graduation
Of the EMBA 19’s for whom we have data, 19 (19%) identified entrepreneurship as their primary career objective (see above). Of those 19:
14 (74%) were aspiring entrepreneurs
5 (26%) were established business owners
Of the 14 aspiring entrepreneurs, 11 (78%) had made significant strides in developing their ventures
5 (35%) were well along in the development of their business concept and its value proposition.
3 (21%) were in the discovery phase, de-risking the venture by defining customers, markets, and the business model, developing a minimum viable product, and securing seed funding.
3 (21%) had launched their business and secured an average of almost $19,000 in pre-seed capital.
Partial list of companies the EMBA 19 Switchers moved to:
Arvore Immersive Games
Bank of America
Blue Sky Specialty Pharmacy
Ernst & Young
Fluid Edge Consulting
Johnson & Johnson
McKinsey & Company
Population Council, Inc.
Thought Logic Consulting
Trumpet Behavioral Health