Global Executive MBA Career Survey

GEGlobal Executive MBACareer SurveyWWW. F U Q UA. DU KE . E DU

T H E D U K E M BA — GLO BAL E X E C U T I V EIRecently, we surveyed all alumni ofour Global Executive MBA program1from the classes of 1997-2016 onlineto obtain information about howtheir MBA program has impactedtheir careers. A strong responserate of 29% was achieved, with 787alumni sharing their career progress.For ease in delivery, graduation yearshave been aggregated into fourgroups: 1997-2002, 2003-2008,2009-2012, 2013-2016.“The Fuqua program was a greatbalance of management, leadership,and quantitative instruction thathas positioned me to control theroad ahead."V I C E P R E SI D E NTC L ASS OF 2014WWW. F U Q UA. D U K E . E D U

17 84 44 3621 18 2425 12 1721 68 17 35 9T H E D U K E M BA — GLO BAL E X E C U T I V Ewhere are they now?and what are they doing?“climbing the ladderFuqua’s Global Executive MBA alumni contribute ina vast range of industries and functions; however,roughly two-thirds of these executives are currentlyworking in fnance, technology, consulting,manufacturing, health care, or energy and utilities.Similarly, over one-quarter of these MBA alumni areworking in general management, while just over halfare in the fnance, consulting, operations, marketing,or sales functions.The Fuqua MBA program helpedme to make a career switch froma technical to a business role. Italso has opened a lot of doorsotherwise closed due to mybackground.”Typically, working professional MBA students earn a promotion in titlesubsequent to graduation. While approximately 60% of students enteredtheir program as analysts or managers, today over 60% of the Global ExecutiveMBAs are at the director, vice president or C-suite executive level.S ENIOR MANAGERCL ASS OF 2007OVERALL CHANGE IN PROFESSIONAL STATUSTOP INDUSTRIESFOR GEMBA GRADS1713%technology8%health careTOP FUNCTIONSFOR GEMBA anufacturing &mining7%energy & s9%8%6%4%9%MarketingA N A LYS T S9%Sales%CURRENT POSITION36%Management%F I R S T P O S I T I O N A F T E R F U Q UA44%%%financialservicesPOSITION BEFORE FUQUA“The MBA with Duke allowedme to switch into a differentindustry with ease. Theprogram’s prestige allows meto negotiate better salaries andreceive constant solicitationsfrom various recruiters and HRmanagers.”“5%3%MANAGERSD I R E C TO R SVICEPRESIDENTSC-SUITEEXECUTIVESSELFE M P LOY E D“The global experience is invaluable, I got a greatnetwork and, most importantly, I was able toexpand into venture capital investments, thanks tothe relationships I built during the program. TheDuke MBA is great addition to my resume.”For me the Global Executive MBA was madeof 2 things: (1) learning new concepts, and(2) networking. These two helped me go intoa different industry and provided me widerinternational exposure.”C-L EVEL EXECUTIVECL ASS OF 2009DI REC TO RC LASS O F 2 0 0 2S ENIOR MANAGERCL ASS OF 2011WWW. F U Q UA. D U K E . E D U

in which industries do GlobalExecutive MBAs tend to stay?-FIRST INDUSTRY AFTER FUQUA-industries graduates leave-CURRENT INDUSTRYP H A R M A C E U T I C A L & B I OT E C HF I R S T I N D U S T R Y A F T E R F U Q UA.-CURRENT INDUSTRYG O V E R N M E N T/ M I L I TA R Y31 22 45 27 6432 6332 7881 8376 7371 7766 80 65 72 64 78%81%E N E R GY & U T I L I T I E S- 'O'.-Eenergy/utilities 4%fnancial services 4%e83%76%H E A LT H C A R E73%71%T E C H N O LO GYC)77%66%FINANCIAL SERVICES.-.!!!!CONSUMER GOODSA'BE72%64%The Global Executive MBA program gave me thebusiness skills and confidence to transition from acareer as an academic surgeon in clinical practiceto a Chief Medical Officer role in a 2 billion dollarbusiness unit. I use the skills from accounting,decision models, and organizational behaviorregularly in my day-to-day work. Additionally, theopportunity to travel added a dimension of practicalexperience that has been extremely beneficial.”C-LEVEL EXECUTIVECLASS OF 199931%22%,r-;: fnancial services 2% '27%consulting 8%p consulting 10%health care 4%energy/utilities 3%fnancial services 7%real estate/construction 7%retail/wholesale 7% “fnancial services 22%consulting 15%technology 11%045%0 consulting 27%information technology 27%consumer goods 9% T R A N S P O R TAT I O N & LO G I S T I C S .64%32%M E D I A & E N T E R TA I N M E N TEnergy and Utilities, Financial Services, and Pharma/Biotech are the 3industries to which Global Executive MBAs were most loyal right aferearning their graduate degree. However, Pharma/Biotech and Energyand Utilities have held the highest percentage of Global ExecutiveMBAs from post degree up to the present. Those switching out ofone of these industries predominantly changed to the consulting,technology, and fnancial services business sectors.“technology 6%technology 14%consulting 7%0 energy/utilities 4% !!!!T E L E C O M M U N I C AT I O N Sconsulting 6%professional services 6%fnancial services 3%80%65%consulting 4% - :63%32%(/) fnancial services 14%0 technology 9%0 energy/utilities 9%/) consulting 16%technology 11%retail/wholesale 11%bGraduates quickly lef the Government/Military and Telecommunicationsindustries afer graduation, with roughly two-thirds to one-half switchingindustries right away. Only a quarter of those in these industries priorto Fuqua are still in those industries today. A third of MBAs in theTransportation/Logistics and Media/Entertainment felds lef afergraduating; however, only one-third remain in those industries in theircurrent position. As with those leaving industries with greater loyalty,these MBAs tended to shif to fnancial services, technology, consulting.Operations Manager to PlantManager to Director to SeniorDirector to VP."“I already had two degrees, butwanted an “elite brand” to add tomy resume and help my career.Mission accomplished."DI REC TO RC LASS O F 1 9 9 8VICE PRES IDENTCL ASS OF 2002“I came into my company at a low position duringthe program but have advanced very quickly. Istarted as a senior analyst and in the 3.5 yearssince starting at this company I have received 2promotions and am about to close on another.”ASSOCIATE DIRECTORCLASS OF 2013““SENIOR VICE PRESIDENTCLASS OF 2005SELF-EMPLOYEDCLASS OF 2010My Global Executive MBA was the single greatestaccelerator of my career. The skills and tools Ideveloped at Fuqua set me apart from my peers,taught me to think broadly, and gave me a holisticbusiness perspective in every role I’ve had eversince.”The combination of all the elements - academics,group learning, and exposure to leading thinkersand to corporate leaders and relationships delivered a very powerful experience. I walkedaway with a renewed energy towards my careerand high level of confidence in my ability to lead."Represents Cross Continent MBA classes of 2002 to 2014 and Global Executive classes of 1997 to 2016. Our working professional portfolio wasrevised in 2017 to include a new Global Executive MBA program in which the student profle includes both former Global Executive and CrossContinent MBA experience level, geographic and industry distributions.1WWW. F U Q UA. D U K E . E D U

T H E D U K E M BA — GLO BAL E X E C U T I V Ethe rewardsGrowth in average compensation prior to entering Fuqua and current compensation hasexceeded 85% for the two older Global Executive MBA graduate year groups. For the1997-2002 graduate group, compensation has almost doubled (95%) in the 15-20 yearsafer graduating. The 2003–2008 graduates have seen their average compensation increaseby more than 85%. For the 2009-2012 graduates, compensation has grown by 64% fromtheir pre-Fuqua level. The most recent graduating year group, 2013-2016, as expectedgiven fewer post-degree earning years, has seen an average compensation increase of 34%.20% 26%95% 253K 170K 134K2003 - 2008graduates63% 49% 156K2009 - 2012graduates 26% 17630%2013-2016graduates 23%- 193KK 144K 9% 34% 123K64% 202K 231K 170K 137Kallgraduates 24%AV ERAG E CO M P E N SAT I O NB EFOR E F U Q UA 36%AV E R AGE F I R STCO M P E N SAT I O N AF T E RF U Q UA 69%theglobal executiveMBA ROI1997 - 2002graduates 88% 161 313K 193KKAV E R AGE C U R R E N TCO M P E N SAT I O NWWW. F U Q UA. D U K E . E D U

2003 - 2008 graduates2013 - 2016 graduates4.3%4.9%4.9%ȨǍࠢΐਫ਼ ɆǍ Ǎௐ̳ ɒǍཀǍய ੇ3.9%3.3%7.8%16.0%9.9%17.3%42.4%43.5%9.5% 12.8%57.1%62.4%C O M P E N S AT I O NBEFORE FUQUAF I R S T C O M P E N S AT I O NAFTER FUQUA3.7% 1.5% 100K OR LESS 100K - 200K 200 - 300KK 300K - 400K 400K OR MORECURRENTC O M P E N S AT I O N5.7%3.3%ȪǍ Ǎ ਖ਼ ɣǍᑡǍ ͤ੬ ȉǍ 53.3%C O M P E N S AT I O NBEFORE FUQUA28.5%%F I R S T C O M P E N S AT I O NAFTER FUQUACURRENTC O M P E N S AT I O NWhile about 15% of Global Executive MBA graduates who finishedtheir degree 1-4 years ago earned 200K or more prior to enteringthe program, currently 30% earn an annual compensation of 200K or more.While over 85% of those Global Executive MBA graduateswho are 9-14 years post program earned 200K or less beforeFuqua, over 65% are now earning 200K or more yearly.2009 - 2012 graduates1997 - 2002 graduates9.5%1.8% 1.1%3.5%3.0%ȅǍᗴǍմͦ ɦǍᕀǍோੱ੧ ȘǍϧǍҿ͢ 10.6%F I R S T C O M P E N S AT I O NAFTER FUQUACURRENTC O M P E N S AT I O NToday, over 50% of those graduating from the Global ExecutiveMBA program within the past 5-8 years earn 200K or moreannually, while over 20% of those graduates earn 300K ormore annually.The Global Executive MBA helped me expandmy general business knowledge, improve my K b credibility to my resume. I believe my time at Fuquaboosted my marketability that got me into a top-tierK b level."DIRECTORCLASS OF 20114.3%12.7%31.2%21.6%“Provided a balance of necessaryskills I needed moving intothe leadership role I assumed,including business developmentand decision making."56.9%C O M P E N S AT I O NBEFORE FUQUA“The education was phenomenal at the GlobalExecutive MBA program and with a combination ofhard work, but also the Duke/Fuqua name, has beenthe key driver for advancement, for which I ameternally grateful."EXECUTIVE VICE PRESIDENTCLASS OF 200453.9%F I R S T C O M P E N S AT I O NAFTER FUQUA16.1%23.7%24.7%CURRENTC O M P E N S AT I O NFor Global Executive MBA graduates who finished theirdegree 15-20 years ago, the percentage of those earning 300K or more has grown from about 8% before enteringFuqua to 48% today.C-L EVEL EXECUTIVECL ASS OF 2000“5.9%23.5%47.3%55.2%5.9%ɡǍᏋǍ̭ ɒǍ༽Ǎ๕̵ ȇǍ ۼ Ǎ፣ ค11.7%31.1%49.6%C O M P E N S AT I O NBEFORE FUQUA%5.9% 2.05.7%22.8%15.5%38.0%5.3%““The program increased my b K helped to advance my career,and broadened my overallworld view.”V I C E PRESI DEN TC LASS O F 2 0 1 3The program was a true global experience, from interactions with other professionals from aroundthe world to the in-residence sessions at various global locations. The coursework increased myknowledge and expertise, allowing me to advance to a Vice-President level and switch industriesprior to retirement as well as secure a Board seat on the Board of Directors of a public company,which I have held for 10 years. In addition, in retirement, I have used the skills gained to launch aglobal eCommerce business.”RETIREDCLASS OF 1998