Fewer Embas are Self-Funded

Companies might be investing more in their executives’ education, according to the 2014 Membership Program Survey from the Executive MBA Council (EMBAC).

After a five-year rise, the number of self-funded EMBA students has decreased, from 41.2 percent in 2013 to 39.8 percent in 2014.

In the same time frame, the number of students partially sponsored by their companies increased from 34.7 percent in 2013 to 35.6 percent, and the number of fully sponsored students increased from 24 percent to 24.6 percent. The total cost of EMBA programs rose by about 2 percent, from US$73,401 to $74,883.

  • Average age of an EMBA student: 37.5
  • Average years of work experience: 13.7
  • Average years of management experience: 8.7

While the news is encouraging, companies still are coping with the effects of the recent recession and economic uncertainty, so that it is still unclear whether they are permanently allocating more funds for tuition reimbursement programs, says Michael Desiderio, EMBAC executive director. Says Desiderio, “Time will tell if [this] becomes a trend.”

In 2014, 285 EMBAC member programs, or 92 percent, participated in the survey.