AIB MBA ALUMNI INSIGHTS REPORT 2018
AIB MBA ALUMNI INSIGHTS REPORT
2018
After compiling the results of the 2018 MBA Alumni Insights Survey, I and the whole Australian Institute of Business (AIB) team are really pleased to see the outstanding achievements of our former students.
As an organisation that strives to provide people with greater access to education, our primary focus is on student success.
I am extremely happy to see that the results of this survey are a testimony to what we have set out to achieve from the beginning - “To deliver life changing experiences”.
It gives me tremendous pleasure to present to you the findings from this report.
Paul WappettChief Executive OfficerAustralian Institute of Business
WELCOME TO THE 2018 MBA ALUMNIINSIGHTS REPORT
of respondents graduated in 2018
is the average age of respondents
of Australian respondents live in
urban areas
33.8% 42 86.1%DEMOGRAPHICS REPORTED
OVERVIEW
of respondents who graduated in 2018
have been promoted
have changed job function
have changed industry since
commencing with AIB
reported working in Fortune 500 or Exchange Listed
companies
48.2%
34%
8.2% 38.4% INDUSTRIES AND
FUNCTIONS
of respondents would choose to
study at AIB again
of respondents wish they started their MBA earlier
of 2018 graduates reported they were
utilising between 60% and 100% of their AIB
MBA
82.5% 61.4% 40.4% OPINION OF AIB
is the most reported income range from
Australian, Canadian and New Zealand
respondents
of Australian, Canadian and New
Zealand respondents reported an income increase of at least
10% since graduating
received a raise during their studies or
within 12 months of completing their MBA
$150K-$200K50.8%ANNUAL
EARNINGS REPORTED
of respondents are Managers with
5.1%in the C-Suite
have over 10 year’s work experience
have 20+ years’ work experience
50% 79.1% 40.2%WORK
EXPERIENCE
46.8%
The Australian Institute of Business (AIB) is a truly global community with over 16,000 students, alumni, academics and industry experts from over 90 countries.
Business School graduates around
the world
MBA graduates around the
world
Current MBA students around
the worldAcademic, support
and professional staff dedicated to teaching and student success
AIB’S GLOBAL COMMUNITY
BACKGROUND
>12,000
8,481
>4,000
100+
Note: All graduate, student and academic head-count numbers provided on this page were true and correct as at 5 October 2018.
SURVEYMETHODOLOGY
The 2018 MBA Alumni Insights Survey was sent out on 17 August 2018 to 5,069 AIB’s global MBA alumni who graduated between 2010 and 2018.
Respondents were asked to answer 42 questions about their careers and professional experiences.
We received a total of 1372 responses by the close of survey on 26 August 2018. This survey sample represents 27% of our subscribed AIB MBA alumni population that graduated between 2010 and 2018.
All survey respondents were asked to report their earnings in AUD$. All dollar amounts in this report appear in AUD$ unless otherwise stated.
OUR COMMUNITY IS DIVERSE, WITH OUR SURVEY RESPONDENTS COMING FROM ALL OVER THE WORLD.
RESPONDENTS VARIED IN AGE FROM 23 TO 73
RESPONDENTS GRADUATED FROM AIB BETWEEN 2010 AND 2018
OUR ALUMNI TYPICALLY HAVE MORE THAN 10 YEARS OF WORK EXPERIENCE
Average age
42 YRS
OUR RESPONDENTS
>10 YEARS
<10 YEARS
79.1
19.6%
Male
Female
Prefer not to answer
MBA SPECIALISATION
56.1%
43.7%
0.3%
of respondents have moved cities for work since starting at AIB
of respondents have relocated to other countries for work since starting at AIB
19.6% 8.9%of Australian respondents are from urban areas,
are from rural areas
86.1%
13.9%
graduated in 2018 33.8%
Highest concentration of respondents
General = 71.4%
Human Resources = 8.2%
Logistics & Supply Chain = 5.9%
Entrepreneurship = 5.5%
Finance = 4.7%
Marketing = 4.4%
Lower concentration of respondents
20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
0.36%7.53%16.94%20.57%16.14%16.23%12.1%6.16%2.68%0.71%0.36%
20102011
20122013
20142015
20162017
2018
0.73
%
1.38
%
1.75
%
2.55
%
5.76
% 11.0
1% 16.6
9%
25.4
4% 33.8
2%
ENROLLMENT CRITERIA MET
A Bachelors Degree (In a field other than Business)
At least 3 year’s management experience
A Bachelors Degree in Business
An Advanced Diploma or Associate Degreeand at least 3 years relevant work experience
Other
32.1%
28.5%
19.2%
14.6%
5.6%
21.4% Melbourne 20.7% Sydney13.5% Brisbane10.8% Perth 9.9% Adelaide
5.8% Canberra1.7% Newcastle 1.5% Hobart 0.8% Darwin
>10 YEARS
<10 YEARS
79.1
19.6%
MBA ALUMNI CAREER STATISTICS
TYPE OF EMPLOYMENT
CURRENT PROFESSIONAL
SENIORITY
Full-time
Business Owner
Between roles
Other
29.5%20.5% 12.3% 12.2% 10.1%
9.5% 5.1% 0.8%
78.2%12.5%
3.6%2.6%
WHERE AIB ALUMNI WORK
14.73% (N=82) of our Australian, Canadian and New Zealand respondents reported working for FORTUNE 500 or ASX 200 companies. A sample of some of the Fortune 500 and ASX 200 companies our global respondents work for:Apple l IBM l FedEx l Nike l American Express l Chevron l Boeing l Exxon Mobil l Starbucks l S&P Global CBS l Macquarie Group Limited l Skycity Entertainment Group l Caterpillar l Deere l Qantas Airways CSL Limited l Verizon l RIO Tinto Limited l BHP Billiton Limited l Wesfarmers Limited l Lendlease Group MetLife l CBRE Group l Xero Limited l Westpac Banking Corporation l Commonwealth Bank National Australia Bank l ANZ Banking Group Limited l UnitedHealth Group l Jacobs Engineering Group Telstra Corporation l Origin Energy l Peabody Energy l AGL Energy Limited l Santos Limited l Caltex Australia
are Managers
are C-Suite of Global alumni currently own their own business
50% 5.1% 28.4%
Senior Manager
Manager
Business Owner/Entrepreneur
Team Leader
Individual Contributor
Other
C-Suite
Retired
INDUSTRY & FUNCTION CHANGES SINCE STARTING AT AIB
have changed industries
34%have changed job function
48.2%
ALUMNI CAREER STATISTICS
THE IMPACT OF THE AIB MBA
of respondents would choose to study at AIB again
Likelihood that respondents would recommend AIB to a friend or colleague
Top 3 highly likely ratings = 71.4% of respondents
82.5%
10.7
%
10.4
%
7.9%
7.8%
7.1%
7.0%
6.3%
5.5%
4.2%
4.1%
4.1%
3.1%
3.0%
2.61
%
Retail &
Consu
mer P
roducts
Manufac
turin
g & Tra
nsport
Banking &
Finance
Healthca
re &
Medica
l
Govern
ment &
Defence
Other
IT & H
igh Tech
Mining & Energ
y
Educatio
n & Tra
ining
Marketin
g & C
omm
unicatio
ns
Engineering
Hospita
lity &
Touris
m
Consulti
ng & Stra
tegy
Between ro
les
CURRENT INDUSTRY COVERAGE
Leadership and decision-making
Project management Communication and networking
Strategy development Problem solving Finance
Research and analytical
Operations management
Marketing Entrepreneurial
90.1% 79.4% 71.8%
87.7% 73.6% 71.1%
85.1%
81.9%
72.5% 65.1%
CAREER OUTCOMES THAT WERE SOUGHT AND ACHIEVED FROM STUDYING THE AIB MBA
PROFESSIONAL SKILLS ENHANCED FROM STUDYING THE AIB MBA
CAREER MOTIVATORS CONSIDERED VITAL AND SELF-ASSESSED SKILLS OUTCOMES FROM THE AIB MBA
Improve business acumen
Keep pace with changing business landscape
Career progression
Salary increase
Find employment
Industry change
91.7%
90.3%
75.8%
70.8%
66.9%
59.2%
92.5% 85.6%
91.6% 81.5%
of respondents that valued security and stability as a vital career motivator felt the AIB MBA enhanced their leadership and decision making skills
of respondents that valued technical/functional competence as a vital career motivator felt the AIB MBA enhanced their strategy development skills
of respondents that valued entrepreneurial creativity as a vital career motivator felt the AIB MBA enhanced their problem solving skills
of respondents that valued entrepreneurial creativity as a vital career motivator felt the AIB MBA enhanced their entrepreneurial skills
(N=559) of Australian, Canadian and New
Zealand respondents reported an income
increase of at least 10% or more during
their MBA studies
34%
of Australian, Canadian and New Zealand
respondents reported an increase of at least 10% in income since graduating
from the AIB MBA
was the most reported income range at the time of enrollment from Australian, Canadian and New Zealand respondents
INCOME PRIOR TO THE AIB MBA
50.8%
All figures quoted in this report are in Australian Dollars unless otherwise stated.
7%
0%
<40K 60-70K 80-90K 100-120K 150-200K 250-300K 400-500K >500K
14%
22%
PERC
ENTA
GE
OF
ALU
MN
I
ANNUAL INCOME
A FAST RETURN ON INVESTMENTAUSTRALIAN, CANADIAN AND NEW ZEALAND MBA ALUMNI INCOME STATISTICS
(N=390) of our Australian,
Canadian and New Zealand respondents
reported earning over $100K per
annum
is the current most reported income
range from Australian, Canadian and New
Zealand respondents
69.8%
$150K-$200K
$100K-$120K
+61 8 8212 8111 +61 8 8212 0032 [email protected] www.aib.edu.au
Australian Institute of Business
All information contained in this publication is self-reported by AIB MBA alumni and is for general information only. The Australian Institute of Business makes no representation about the content, suitability, accuracy or completeness of this information for any purpose whatsoever. It is provided “as is” without any express or implied warranty or guarantee whatsoever. Information and data reported in this report was self-reported by AIB MBA alumni between 17-26 August 2018. All figures quoted in this report are in AUD dollars unless otherwise stated.