It is a major investment, in terms of time spent on study and finances invested. However, attending a Master Executive is still a profitable investment, opening the door to career advancement and the resulting economic benefits. Especially when the business school that provides it enjoys a well-established reputation in the eyes of certification bodies and companies.
However, career and salary improvements are not the only motivations that can push a professional towards an EMBA.
In a mini cycle of two posts we will try to analyze them in more detail, also through the testimonies of those who attended: this week with Paolo Starace, CEO and Managing Director of DAF Vehicles.
Improved career and economic prospects
If after 2 years a professional career still seems open to every perspective and rethink, once the threshold of 8 years of experience has been exceeded, it is natural – not to say fundamental – to draw conclusions. Determine where you arrived and where you aspire to arrive. Make an inventory of the tools and skills you have to reach the goal.
This is where the master executive comes into play. Given in hand, it is an additional weapon that can bring out a curriculum and offer real career opportunities. According to MIP data, the business school of Politecnico di Milano, on average within two years of the conclusion of an Executive MBA:
80% of graduates get to take on roles of greater managerial responsibility
40% of these have access to management positions
20% hold management positions in the international arena
15% become CEO
This figure was also confirmed from an economic point of view by the Washington Post which, reporting the figures of the executive MBA Council, noted a 23% salary increase at the end of the master’s degree, and a reduction in the payback period from 23 to 17 months, for an average value of about 60,000 dollars.
A 360-degree view of your business
In the introductory video Paolo Starace describes, with an effective metaphor of the library, another important value of a master executive: offering the right tools for analysis of his market. Managers are called upon to act with an increasingly “macro” perspective, grasp the dynamics of a company as a whole and decide accordingly, in a tight timeframe.
In order to do this, the experience acquired in the company is fundamental, but not always sufficient. Daily work offers very specific technical skills, allows you to move with skill in your own field, yet does not necessarily guarantee a 360-degree view. The risk becomes that of making wrong decisions, or decisions conditioned by one’s own mental models.