EAE Business School is pleased to present the latest edition of the Employment Report, and analysis of the professional careers of students after their time at the School. The report reveals that 85% of the students of EAE Business School receive new employment offers after completing their Master and improve their annual salary in 74% of cases.
Taking a Master is also synonymous with increasing professional responsibilities in the case of 90% of students, while 75% also detected new professional opportunities. For 38% of our students, taking the Master at EAE has had a “significant” impact on their careers, and the key areas of knowledge acquired are strategy and leadership (39%) and marketing and sales (31%).
According to the report, EAE’s Professional Careers Service is the most common route for accessing new jobs, with 61% of students using this platform, followed by professional networks (15%) and contacts made at EAE (14%). Meanwhile, 10% of students opt to set up their own company. In total, 75% of students access new professional opportunities through EAE.
These professional opportunities also arise beyond our borders 68% of students work in their country of origin, while 32% work abroad. 65% of students develop their professional career in Spain, while 35% take up a job internationally. Private companies (92%) are by far the most popular choice for our students, with just a small percentage working in the public sector (8%). Companies with more than 1,000 employees (41%), primarily multinationals, attract the most talent, compared to firms with between 101 and 250 employees (13%) and from 251 to 500 employees (12%). The smallest companies with less than 25 employees account for 6%.
The sectors in which most students find professional opportunities are consultancy and auditing (15%), banking (11%), mass market (10%) and sales (8%). Within the companies, the main departments that our students work in are marketing and communication (18%), commercial and sales (12%) and consultancy (11%).
51% of our students hold director positions, 29% have a technical post, 17% perform a management role and 3% are executives.
In this respect, EAE’s Professional Careers Service enhances our students’ visibility in our 5,300 partner companies, including market leaders in the pharmaceutical sector such as Almirall, financial institutions like Banco Sabadell and Banco Santander, leading retailers such as Carrefour, mass market brands like Coca Cola, Nestlé, L’Oréal and Coty, technological multinationals such as LG and IBM, leading consultancies like Everis and Deloitte and telecommunications giants such as Telefónica, to name but a few.
All these companies take part in the various employment and networking initiatives organized by EAE, such as Talent week, Company Meetings, the Online Employment Forum, Recruiting Day and the Round Tables with Headhunters.
SALARY EVOLUTION AFTER COMPLETING A MASTER
One of the key factors in deciding to take a Master is the impact it has on students’ salaries. In terms of analysing the evolution of their salaries, students on EAE’s Full-Time MBA report a 28% increase in their annual salary compared to the year before starting the Master, to reach 50,083 euros. For graduates of the Executive MBA, the rise is 45%, to reach 61,500 euros per year.
For students on the Full-Time Masters in Human Resources and Coaching, the increase is 47%, to reach total annual earnings of 27,541 euros average. In the case of the Executive program, they report a salary of 31,800 euros, equivalent to a 24% increase compared to before the program. In the case of the Full-Time Master in Supply Chain Management & Logistics, students’ salaries rise by 30% up to 23,400 euros on average, while graduates of the Executive Master in this field report a 41% increase, to reach 38,000. In terms of the Masters in Finance, Accounting and Stock Market, Full-Time students can expect a salary increase of 49%, to reach 25,421 euros, while their Executive counterparts report a 17% rise, with total earnings of 34,286 euros per year.
Students on the Full-Time Master in Marketing and Sales saw a salary increase of 59% to reach 35,911 euros per year, while graduates of the Executive program reported a rise of 41% to a total of 52,231 euros. For Full-Time Digital Marketing Digital students, the increase was 38% up to 25,210 euros, while the Executive students saw a rise of 50% to 35,733 euros. For Project Management students, the increase was 34% to 32,330 euros per year in the case of Full-Time students, and a 30% for executive students compared to before the Master, to reach 41,568 euros. For full-time students of Big Data, Analytics & Business Intelligence, their salary climbed by 49% up to 31,460 euros, while their Executive counterparts reported a rise of 33% to reach an average of 48,710 euros. The average salary of graduates of the Executive Development Program is 46,667 euros, equivalent to a 14% increase compared to before the program. Students on the Master in Communication reported a rise of 21% to reach 32,000 euros, while graduates in International Business saw an increase of 44% to reach 32,017 euros.
98% OF STUDENTS DO AN INTERNSHIP
98% of the students who apply to do an internship are placed on a program, with 86% of interns finding their program through the Professional Careers Service, 12% through the EAE Employment Exchange and just 2% through other channels. The main sectors in which the companies offering internships operate are consultancy and auditing (11%), finance (7%), mass market (7%) and sales (6%), among others. In 37% of cases, the internship led to an employment contract after the program.
TRENDS IN THE EMPLOYMENT OF THE FUTURE
Moreover, the Employment Report analyses the trends that will shape the employment of the future, with an emphasis on teams with profiles with different experiences and no distinction between junior and senior profiles, but with the capacity for lifelong learning in a highly changeable environment and a project-based work methodology with multidisciplinary professionals. The talent of the future will place greater value on the fact that their jobs embrace sustainability, the circular economy and corporate social responsibility. They demand an open, flexible, digital and global working environment, with a more approachable leadership style. Companies have to learn to adapt to a new kind of profile looking for constant challenges, staying for short durations but with a high impact.
THE ENTREPRENEURIAL PROFILE
EAE is also committed to fostering entrepreneurship to dynamize the business community and create value and wealth for society. A total of 10% of our students opt to set up their own company, with an average age of 32 and 5 years’ professional experience. The most popular sectors for setting up entrepreneurial ventures are information technology, advertising and marketing, and e-commerce.
In this respect, EAE has implemented a number of initiatives to promote entrepreneurship among its students, in the form of EAE Entrepreneur, a cross-disciplinary service that includes training, financing and the EAE Lab incubator. In terms of training, the School organizes EAE Entrepreneur Experience with sessions on methodologies for creating startups or how a venture capitalist selects a startup to invest in; Interim Management, in which participants are given guidance to identify the project’s key factors; TedxEAE, an event that shows how people can create their own future; Workshops for Responsible Entrepreneurs, to raise awareness of the need to design entrepreneurial ventures that embrace responsibility and ethics; and the Legal Helpdesk, which gives participants an insight into the main legal issues to bear in mind when launching an entrepreneurial venture. With respect to financing, the Business Angels Academy gives participants an overview of the latest trends in investment in startups, while the Round Tables discussion panels give information on the various alternatives for financing.
Last but not least, EAE Lab is an accelerator for innovative projects, which aims to promote, develop and accompany the entrepreneurial ideas of current and former students throughout the gestation period.
EAE’s commitment to entrepreneurship has also resulted in an agreement with Babson College (USA), one of the world’s leading schools for entrepreneurship, according to the leading general rankings, including the Financial Times, and specialist rankings, such as the league tables prepared by Entrepreneur Magazine and The Princeton Review, giving students access to the expertise of one of the most reputable schools in the world.
Employment Report of 2018 HERE