Aib Alumni Insights Report 2017 Welcome to the 2017 Aib Alumni Insights Report

AIB ALUMNI INSIGHTS REPORT 2017 WELCOME TO THE 2017 AIB ALUMNI INSIGHTS REPORT

Thank you for taking part in the survey. After compiling the results of the 2017 Alumni Insights Survey, I cannot express how proud myself and the Australian Institute of Business (AIB) team are 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 report are testimony to what we have set out to achieve from the beginning—“To deliver life changing experiences”.

It gives me great pleasure to present to you the findings from the 2017 AIB Alumni Insights Report.

Professor Angèle Cavaye Academic Director Australian Institute of Business, OVERVIEW

90.1% DEMOGRAPHICS 56.7% 45 of respondents REPORTED of respondents is the average age from urban areas graduated in 2016. of respondents. 9.9% rural areas.

22.4% 40.1% 10.4% INDUSTRIES AND of respondents have of respondents reported working FUNCTIONS changed industry have changed job in banking and since starting their function since finance. MBA. starting their MBA.

83.3% 19.6% WORK 90% of the respondents reported working are Managers with EXPERIENCE have 10+ years’ at a Fortune 500 or work experience. ASX 200 company. 5% in the C-Suite.

84.9% 81.1% OPINION of respondents of respondents agree OF AIB would choose to that the AIB MBA study at AIB again. has enabled them to realise their goals.

$137K ANNUAL is the average annual earning EARNINGS reported (in pre-tax REPORTED annual income in AUD). BACKGROUND 4,538 MBA graduates around the world.

AIB’S GLOBAL COMMUNITY

The Australian Institute of Business (AIB) is a truly global community >9,800 with over 16,000 students, alumni, Business School academics and industry experts from graduates around over 90 countries. the world.

>4,300 Current MBA students around the world. 235 Academic, support and professional staff dedicated to teaching and student success. SURVEY METHODOLOGY

The 2017Alumni Insights Survey was sent out on 14 March 2017 to 1,600 Australian domestic MBA Alumni who graduated between 2010 and 2017.

Respondents were asked to answer 39 questions about their careers, professional experiences and demographics. We received a total of 503 responses by the close of survey on 21 March, 2017.

This survey sample represents over 26% of our total Australian domestic alumni population. OUR RESPONDENTS

OUR COMMUNITY IS DIVERSE, OUR ALUMNI WITH OUR SURVEY RESPONDENTS TYPICALLY COMING FROM CITIES ALL 43.4% HAVE MORE OVER AUSTRALIA are living in THAN 10 Sydney or YEARS Melbourne. OF WORK EXPERIENCE 10% 9.9% <10 YEARS Brisbane

21.7% 11.1% 9.9% Sydney Perth Adelaide 21.7% Melbourne 90% >10 YEARS RESPONDENTS VARIED IN AGE FROM 23 TO 71

25 Average age

20 45 YRS

10 NUMBER OF ALUMNI 5

0 0 10 20 30 40 50 60 70 80 56.7% ALUMNI AGE

More than 80% 5% are managers are C-Suite 20.3%

7.8% RESPONDENTS 6.4% 3.2% GRADUATED FROM 1.4% 1.6% 2.6% AIB BETWEEN 2010 AND 2017 2010 2011 2012 2013 2014 2015 2016 2017 THE IMPACT OF THE AIB MBA

85% 81% of respondents agree that the AIB would choose WHEN ALUMNI WERE MBA has enabled to study at AIB them to realise 10% ASKED ABOUT THE <10 YEARS again. their goals. PROFESSIONAL BENEFITS THEY GAINED FROM STUDYING THEIR AIB MBA, THEY HAD A 75.1% LOT TO SAY... 67.3% Enhanced professional Strategy development skills 90% development >10 YEARS

64.7% 60.2% Research and 52.6% Increased self- Practical workplace analytical skills confidence knowledge

34% of 2016 and 2017 alumni have been promoted within 12 months of graduation. ALUMNI CAREER STATISTICS 36.1% Senior Manager 24.6% Manager 11.6% 90% Entrepreneur Full Time 11% PROFESSIONAL Individual contributor TYPE OF 4.4% Between Roles SENIORITY EMPLOYMENT 6% 4.0% Team Leader Part Time 5.4% 1.6% Other Other 5.1% C-Suite 0.2% Retired 22.9% of alumni own their own business

WHERE AIB ALUMNI WORK

QANTAS AIRWAYS LIMITED COMMONWEALTH BANK OF AUSTRALIA BHP BILLITON LIMITED INSURANCE AUSTRALIA GROUP LIMITED METCASH WESTPAC BANKING LIMITED TELSTRA CORPORATION MACQUARIE GROUP CORPORATION LIMITED LIMITED TATTS GROUP LIMITED

ANZ AMP LIMITED BANKING GROUP LIMITED ALUMNI CAREER STATISTICS

AIB ALUMNI EMPLOYMENT ACROSS INDUSTRIES 12.6% 11.4% 10.4% 8.8% 8.6% 8.6% 8.4% 7.2% 5.6% 4.4% 5.2% 4.2% 3.4% 1.0%

Other

Healthcare Unemployed IT & High Tech Mining & Energy Banking & Finance Consumer Products Education & Training Consulting & Strategy Business & Commerce Government & Defence PropertyScience Development & Engineering Manufacturing & Transport

INDUSTRY & FUNCTION CHANGES SINCE STARTING THE AIB MBA

22.4% have changed industries 11% 10% 9% 7% to Business to Consulting to Development to IT & & Commerce & Strategy & Real Estate High Tech

40.1% have changed job function 35.3% 9.1% 7.2% to Management to Consultant to Business Positions Positions Development Positions A FAST RETURN ON INVESTMENT

AVERAGE PRE-TAX ANNUAL INCOME 21% 68.3% of our alumni get $136,800 over $100K per 14% annum. average annual income.

7% PERCENTAGE OF ALUMNI PERCENTAGE

0% <40K 60-70K 80-90K 100-120K 150-200K 250-300K 400-500K >500K

ANNUAL INCOME 47% received a pre-tax 1 IN 4 annual income increase MBA graduates received within 12 months of an annual increase while graduation. studying their MBA.

Average annual income growth is 11% pa after graduation.

AVERAGE PRE-TAX ANNUAL INCOME AFTER GRADUATION

YEAR AFTER AFTER AFTER AFTER 0 1 YEAR 2 YEARS 3 YEARS 4 YEARS

$122K $125K $148K $161K $183K

Average payback time is Average benefit over less than three years four years following after graduation. graduation is $96,829.

Notes: Average pre-tax annual income after graduation was calculated using four separate graduate years (Yr 1 relates to 2016 graduates, Yr 2 relates to 2015 graduates, Yr 3 relates to 2014 graduates, Yr 4 relates to 2013 graduates). Payback time and average benefit over four years were calculated using pre-tax annual income stats less ABS YOY average earnings change between 2013-2016.

Australian Institute of Business

+61 8 8212 8111 +61 8 8212 0032 [email protected] www.aib.edu.au

All information contained in this publication is self-reported by the 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 alumni between 14-21 March 2017.