How the Executive MBA Can Pay for Itself
Students have been able to deliver five- to six- figure savings to their companies as a result of in-company projects completed during the EMBA program.
The program includes real-life projects that answer challenging business problems.That’s one of the many benefits of a program that allows students to continue to work full-time while they study.
Examples include:
Optimize Cash
When you buy a printer, you might pay $350 , but you get a coupon that will give you back $50 if you mail it in within a specified time.The EMBA student’s company data showed that only 30% of people actually take advantage of the rebates.Yet the company kept enough cash on hand in the event 100% of customers mailed in their rebate coupons. So the student asked, “Does it matter if the rebate expires in 30 days?” As it turned out in this case, the expiry date didn’t matter. Customers are even less likely to send in the rebate if the expiry is 60 days instead of 30 . The student’s conclusion: companies don’t have to keep as much cash on hand as they think, because most people won’t send in the rebate, no matter how long they have to do it. His employer’s conclusion: this one project paid for the Executive MBA.
Inventory Levels
How much inventory should a pharmaceutical company keep to ensure drugs don’t run out? One pharmaceutical company spent $7 million a year maintaining its inventory, so its EMBA employee asked, “How much inventory should it maintain to make sure drugs don’t run out 95% of the time?” The answer pointed to much lower levels and saved the company $4 million per year.
Graduate management Admission Council Research Results
Based on the GMAC survey of corporate sponsors, it takes 17 months (on average) for a company to gain its return on the investment made.This is according to respondents who worked for companies that reimburse or sponsor employees in EMBA programs and measure return on investment.
I feel like I have been transformed by this experience in many ways and know that I am a better person for it.
- Amanda, Health Care Industry Sales