74% of Rome Business School students improve their annual salary after completing a Master or MBA program
Rome, June 2021.
Rome Business School publishes the latest edition of the Employment Report 2021 a deep analysis of the student’s professional paths after the completition of their Master or MBA program with Rome Business School. The reports highlights as well the results and trends of the professional scenarios of the post-Covid era where Rome Business School’s alumni have also contributed to the region’s and National recovery as 20% of graduates are entrepreneurs and 50% of start-ups are based in Europe.
The global recession that is following the pandemic is accelerating a big technological change and innovation, making the relationship between training and employability even more significant. For this reason, Rome Business School constantly analyzes the profile and performance of its students, to be able to adapt the offer to the current market needs, while growing today’s young talents.
Let’s look at the Rome Business School’s Employability
Pursuing a Master or an MBA means also increasing professional responsibilities in fact, today 50% of employers recognize that the majority of professionals who reach management positions have completed a postgraduate degree and in 2020. 85% of Rome Business School students improved their position in a multinational company while 74% manage to increase their salary of at least the 20%.
A post graduate degree is crucial nowadays, in some industries having an MBA, almost always guarantees success in entering the job market and an overall of 40% of job vacancies require applicants to have a master’s degree. Rome Business School’s MBA graduates showed the strongest salary growth, with an average increase of 39%; moreover, graduates who found work in Italy saw a 76% salary increase, an impressive result despite the pandemic and the global crysis situation.
The impact of Rome Business Schoo’s training
Throughout their journey with Rome Business School, our students are accompained and supported by the Career Services Team who will offer professional solution to help the young professional to achieve their goals and take their next career step by analyzing and understanding the reality of the job market.
This is possible thanks to the “Career Acceleration Process” with which the Career Services offer guidance, professional development and assessment services dedicated to each student to help them identify employment and career goals, focusing on their talents and skills as accurately as possible.
The results of the Employment Report 2021 underline the added value of interdisciplinary and practice-oriented training, capable of bridging the gap between the academic world and the job market; in fact at the end of their studies, over 70% of Rome Business School’s students plays a role closely linked to the undertaken Master and 80% have improved their ability to identify new job opportunities, thanks as well to the wide range of services and tools dedicated to acquiring Soft Skills and transversal competences.
Rome Business School International activities
According to the Employment Report, in 2020 Rome Business School welcomed over 1000 students, 63% women, from 161 countries, 50% of whom with over 5 years of professional experience. The increase in remuneration is particularly significant for students who work in Italy (76%) and in Europe (58%) compared to the rest of the world. In addition, 92% received new job offers after completing the training.
Nowadays, having an international experience on the CV is essential when it comes to grabbing companies’ attention. In fact, working or studying abroad can sometimes make the difference in terms of shaping both a person’s cultural education and mindset furthermore, it also enriches personality and flexibility which is another factor highly valued by employers. These professional opportunities arise also beyond our borders. Through Rome Business School our students have the chance to put in practice what they’ve learnt on their Master in many countries around the world. 69,14% of them have had at least 1 international experience and 42,28% pursue and international Career, mainly arround Europe (62%) and America (13%), followed by Africa (18%) and Asia (8%).
The private one is so far the most popular sector where our students decide to work in, it counts the 69,11% of our young talents, while 30,89% work in the public Sector and a 20,33% are entrepreneurs. Companies with more than 5000 employers (24,4%) attract a good part of professionals but are the smaller companies, wich count less than 50 employer (43,9%) the ones that hire most of our students. In the middle instead we register a 14,6% of them who works in companies that counts between 101 to 500 of employers, 6,5% from 101 to 5000, 5,7% form 501 to 1000 and 4,9% from 51 to 100.
Multinational companies accounts the 53,2% of our students. The areas in which most of them find professional opportunities are Marketing and Sales (18,70%), General Management 13,01%, Human Resources (9,76%) and Finance and Accounting (5,69%). The main duties performed are Department Specialist (25,83%), Executive (22,50%) and Administrative roles (15 %).
In this respect Rome Business School’s Career Services enhances our student visibility among more than 342 partner companies including maket leaders on the worldwide market in different sectors such as: Unilever in the Consumer Good Sector, American Express for Financial Services, Bulgari within the Luxury market, Jaguar Land Rover Automotive and Luxury, also Pharmaceautical leaders like Jhonson and Jhonson, telecomunication giants as Vodafone, Sony among the top companies in the technological environment and many more.
All these companies take part in the various Employment and Networking initiatives organized every year by Rome Business School: Meeting with Companies, Workshop, Webinair, Welcome Sessions and Talent Days. For the junior profiles, according to the Employment Report, the high level training given corresponds to high levels of employability.
The monitoring of the professional outcomes of the courses showed an employment rate of 96% but more specifically 72% of the students found a job positin within 6 months after the completition of their master. Of these, 45% received a job offer before completing the Master, taking advantage of the network of contacts offered by Rome Business School and the main sectors involved are: Marketing and Sales, General Management, Consulting, Human Resources.
Salary evolution after the completition of a Master Program
One of the Key factors when deciding to take a Master is the impact that it will have on the future professional’s salaries. Analysing the evolution of the incomes of our students, we are able to affirm that Rome Business School’s MBA report a 24% increase of the annual salary compared to the year before starting the Master, reaching an amout of at least 54.121 euros. For the graduates of the Full Time Masters the rise is 27% tranlated into 32.346 euro, dividing junior profiled who see their salary increasing of the 52% (21,875 euro) and senior profiles who raised their payrate of the 26% (36,333 euro). In the case of the Specialized programs they report a salary of 38.235 euro per year, equivalent to a 27% of increase compared to the previous program, while graduates of the Executive Master is this field report a 20% of increase, to reach 33.333 €.
If we consider the salary progression of Rome Business School students according to the subject studied we report that: student from the Master in Marketing and Sales saw a salary increase of 15% earning arround 33.500 euros per year. For the HR Management and Human Resources Management Masters we register respectively a 27% and 36% of salary increase reaching 35.000 euros in one year for the first one and 46.111 euros for the second one. For the students of the Master in Food and Beverage the increase is of 51% so up to 35.000 euros while Political Marketing, Arts and Culture and Agribusiness counted a 26%, 16% and 15% translated into 33.500 euro, 29.482 euro and 31.250 euro per year.
Analysing the salary curve according to the Locations of our students is possible to notice how in Italy they raised their salay of the 76% after the completition of a Rome Business School’s Master Program reaching an average of 33.000 euro per year. In Europe the percentage is of the 58% reaching almost 34.000 euro, in Asia is 48% so 32.521 euro annually, while America and Africa rise up the incomes of the 46% and 36% which counts for 34.312 euro for the first country and 32.500 euro for the second country mentioned.
Rome Business School Executive Profiles
The Employment Report shows that over 50% of our students have more than 5 years’ of experience in their field, and nearly all the rest have been working for at least one year. This means that almost all of our students are professionals, with know-how and hands-on knowledge of their field. However, they have chosen to invest in our support to further advance their career and expertise, gaining all the necessary competences to become tomorrow’s leaders. In fact 72,60% are employed, 20,33% are self-employed and only the 7,07% are looking for employment. 56,10% of RBS students have more than 5 years’ experience.
The Entrepreneurial Profile
Entrepreneurship has become extremely important in recent years in Europe to support growth in the region and stimulate the economic recovery. Rome Business School has made a special effort to support its community of entrepreneurs. As a result, the number of startups created by Rome Business School alumni has increased dramatically over the past two years (38% of companies were created in 2019 and 2020, despite the pandemic). The study shows that 20% of the Rome Business School’s alumni have started a business, 50% of which are based in Europe, and the main sectors chosen were marketing and communication (19%), agriculture, livestock and fishing (13.5%), health care (8%), art, entertainment and leisure (8%). Last but not leasr the 2021’s Employment Report found that 66% of employers expect to see a return on investment in improving the skills and retraining of current employees within a year. In addition, they also expect to redeploy 46% of employees within their organization successfully.
“T – Shaped” training and Soft Skills one of the new methodologies of Rome Business School
In this historical period vertical skills alongside horizontal ones, the so called “T shaped” skills model are necessary and allow to collaborate with different specializations. In addition fot future workers, having a specific knowledge of Soft Skills will matter as much, or even more, has being extremely tecnically prepared. This because many of the current tasks will be performed by artificial intelligence, so any type of training focused on this type of skills will become an obvious and almost essential choice.
Which are the most required Soft Skills on the job market?
The global economic context, is inevitably influenced by the uncertain post-Covid scenarios and has been radically changed on a global scale, both in terms of employability level and characteristics of the labor market. The Covid-19 health emergency has greatly accelerated the future of work. Millions of workers have experienced profound changes and transformations in their lives, including things like well-being and productivity. The most relevant skills that employers expect to see increase between now and 2025 therefore include critical thinking and analysis as well as problem solving, active learning, self-confidence, stress resistance and flexibility. Additionally, companies estimate that around 40% of workers will require at least 6 months of retraining, and 94% of business leaders expect employees to acquire new professional skills.