GraduateI n s i g h t R e p o r t

2020

Welcome

Survey Methodology

Overview

Industry

Graduate Mobility

Alumni Career Statistics

Salaries

Impact of Oxford College of Business

CONTENTS

01

02

03

04

06

07

08

09

WELCOME TO THE GRADUATE GRADUATE INSIGHT REPORT 2019/20

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After compiling the results of the 2020 Graduate Insights Survey, I and the whole of Oxford College of Business team are really pleased to see the outstanding achievements of our graduate. 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 survey are a testimony to what we have set out to achieve from the beginning - “To deliver life changing experiences”. It gives me tremendous pleasure to present to you the findings from this report.

Dr. Penelope HoodIndependent Non-Executive Director

1st November 2020

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SURVEY METHODOLOGY

The 2020 Graduate Insights Survey was sent out on 12th September 2020, to 6,937 alumni who graduated between 2010 and 2020. Respondents were asked to answer 42 questions about their careers and professional experiences. We received a total of 4,321 responses by the close of survey on 13 October 2020. This survey sample represents 62.2% of our subscribed alumni population that graduated between 2010 and 2020. All survey respondents were asked to report their earnings in LKR. All amounts in this report appear in Sri Lankan Rupees (LKR) unless otherwise stated.

6,937 42 62.2%

SAMPLE SIZE

NO. OF QUESTION ASKED

RESPONSE RATE

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81.9% OF THE RESPONDENTS LIVE IN THE WESTERN PROVINCE OF SRI LANKA

81.2% OF THE RESPONDENTS LIVE IN THE WESTERN PROVINCE OF SRI LANKA

1,100 CLASS SIZE

370 CLASS SIZE

COMPLETED THEIR MASTER’S QUALIFICATION IN 12 MONTHS

COMPLETED THEIR MASTER’S QUALIFICATION IN 12 MONTHS

MALES

MALES

FEMALES

FEMALES

GENDER

GENDER

89.4%

90.1%

45.1%

51.2%

54.9%

48.8%

43

23

IS THE AVERAGE AGE OF RESPONDENTS

IS THE AVERAGE AGE OF RESPONDENTS

AVERAGE YEARS OF WORK EXPERIENCE

AVERAGE YEARS OF WORK EXPERIENCE

NUMBER OF NATIONALITIES REPRESENTED

NUMBER OF NATIONALITIES REPRESENTED

AVERAGE NUMBER OF LANGUAGES SPOKEN

AVERAGE NUMBER OF LANGUAGES SPOKEN

STUDENTS WENT TO WORK IN

YEARS

YEARS

12

3

NATIONALITIES

7

NATIONALITIES

4

LANGUAGES

4

LANGUAGES

3

COUNTRIES

25

OVERVIEW

CLASS OF 2020 – POSTGRADUATE

CLASS OF 2020 – UNDERGRADUATE

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INDUSTRY

HAVE CHANGED JOB FUNCTIONS

REPORTED WORKING IN BANKING AND FINANCE

OF RESPONDENTS WHO GRADUATED IN 2019 HAVE BEEN PROMOTED

OF RESPONDENTS MIGRATED OUT OF SRI

LANKA FOR WORK IN 2020

HAVE SWITCHED INDUSTRY SINCE STARTING AT OXFORD COLLEGE OF BUSINESS

REPORTED WORKING IN A MULTINATIONAL COMPANY

OR PUBLIC QUOTED COMPANY IN SRI LANKA

HAVE 10+ YEARS OF WORK EXPERIENCE

OF RESPONDENTS HOLD A POSITION OF GENERAL MANAGER OR HIGHER

BEST COMPANIES TO WORK FOR IN SRI LANKA 2020 ARE OCB ALUMNI

HAVE 5+ YEARS OF MANAGEMENT EXPERIENCE

OF RESPONDENTS ARE MANAGERS

25.8% 29.1%

78.5% 62.0%

22.1% 45.0%

95.0%

62.7%

65.2% 87.1%

WORK EXPERIENCE

LEADERSHIP POSITIONS IN MAJOR INTERNATIONAL RANKINGS

CEOS OF THE4 25

INDUSTRY AND FUNCTIONS

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AT LEAST 5 YEARS OF MANAGERIAL WORK EXPERIENCE

A BACHELOR’S DEGREE (IN A FIELD OTHER THAN BUSINESS)

A BACHELOR’S DEGREE IN BUSINESS

OTHER

A PROFESSIONAL QUALIFICATION WITH AT LEAST 3 YEARS OF WORK EXPERIENCE

General

Hospital & Health Service Management

Human Resource Management

Logistics and Supply Chain

Finance

Project Management

Marketing

Sustainable Management

51.7%

5.2%

10.1%

5.3%

10.2%

3.2%

12.2%

2.1%

ANNUAL EARNINGS REPORTED

POST-GRADUATE SPECIALISATIONS

ENROLMENT CRITERIA MET

18.2%

15.9%

26.3%

35.2%

4.5%

on average since graduating in 2020

Income increased by

79.5%Received a raise within the first

12 months after graduation

91.1%Income increased by

on average since graduation for those who reported that their masters qualification helped them achieve their salary increase

67.0%

Alumni annual income increased by an average of

since graduation26.0%

Income increased by

during their post-graduate studies in 2020

12.3%

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OF RESPONDENTS HAVE MOVED CITIES FOR WORK SINCE STARTING THEIR MASTERS QUALIFICATION AT OXFORD COLLEGE OF BUSINESS

OF THE RESPONDENTS LIVE IN THE WESTERN PROVINCE OF SRI LANKA

OF RESPONDENTS HAVE RELOCATED TO OTHER COUNTRIES FOR WORK AFTER GRADUATION

Less than 20 years

Over 10 years

Less than 10 years

21.0% 81.9% 62.0%

50.6%

14%

84%

Australia

Singapore

New Zealand

Canada

Other

Europe

Dubai

7.3%

3.7%

13.1%

65.3%

0.3%

3.3%

7.0%

Northern Province

North Central Province

Eastern Province

Uva Province

Southern Province

Sabaragamuwa Province

Central Province

Western Province

1.1%

1.3%

1.4%

1.2%

7.5%

3.1%

3.5%

81.9%

GRADUATE MOBILITY

Respondents were between the age of 22 to 75.

22-2

9

4.5

13.5

16.615.6

18.016.5

10.4

3.7

0.7 0.6

%

Years

30-3

4

35-3

9

40-4

4

45-4

9

50-5

4

55-5

9

60-6

4

65-6

9

70-7

4

0

5

10

15

20

AVERAGE AGE 43 YEARS

OUR COMMUNITY IS DIVERSE, WITH OUR SURVEY RESPONDENTS COMING FROM CITIES ALL OVER SRI LANKA

COUNTRIES RELOCATED TO AFTER GRADUATION

OUR ALUMNI TYPICALLY HAVE MORE THAN 10 YEARS OF WORK EXPERIENCE

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ALUMNI CAREER STATISTICS

Full time91.1%

Between roles 7.2%

Part time 0.7%Other1%

Type of employment

General Manager 34.5%

Manager12.5%MD/CEO 20.4%

Other 2.3%Retired0.2%

Senior Manager 30.1%

Professional Seniority

ARE MANAGERS ARE MANAGING DIRECTORS/CEO’S

OF OUR ALUMNI CURRENTLY OWNS THEIR OWN BUSINESSES

OF OUR ALUMNI EARN A MONTHLY SALARY OF LKR.1,231,124 OR MORE

69.2% 22.1% 8.7% 12.0%

HAVE CHANGED INDUSTRIES

TO THE MANUFACTURING SECTOR

TYPE OF EMPLOYMENT

POST-GRADUATE CLASS OF 2020 – DIVERSITY IN TERMS OF WORK EXPERIENCE

INDUSTRY AND FUNCTION CHANGES SINCE STARTING EDUCATION AT OXFORD COLLEGE OF BUSINESS

22.1% 43.1% 6.7% 37.4%

25.8% 38.0% 41.2% 15.6%

TO THE SERVICE SECTOR

TO CONSULTING AND STRATEGY

HAVE CHANGED JOB FUNCTIONS

IN MANAGEMENT TO BUSINESS DEVELOPMENT

TO START-UPS AND SELF-EMPLOYMENT

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SALARIES

SINCE 2017’S GRADUATE INSIGHT REPORT, WE HAVE PRESENTED OUR AGGREGATE SALARY DATA IN USING PURCHASING POWER PARITY (PPP) TO CONVERT SALARIES TO LKR.

AVERAGE BASE SALARY (LKR) AVERAGE PACKAGE (LKR) TOTAL REMUNERATION (LKR)

PRE MBA PRE MBA PRE MBA

POST MBA POST MBA POST MBA

412,132 202,421 614,553

502,321 273,125 775,446

26.0% 91.7%

2 in 3 2 IN 3 MBA GRADUATES RECEIVED AN ANNUAL INCREASE WHILE STUDYING THEIR MBA

91.7% RECEIVED A RAISE WITHIN THE FIRST 12 MONTHS AFTER GRADUATION

AVERAGE ANNUAL INCOME GROWTH IS 26% AFTER GRADUATION

REMUNERATION

RETURN ON INVESTMENT

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IMPACT OF OXFORD COLLEGE OF BUSINESS

IMPROVED BUSINESS ACUMEN

of respondents would choose to study at Oxford College of Business again

of respondents agree that Oxford College of Business has helped them to achieve their career goals.

of respondents that valued security and stability as a vital career motivator felt the education at Oxford College of Business enhanced their research and analytical skills.

of respondents that valued technical/functional competence as a vital career motivator felt that the masters programs offered at Oxford College of Business enhanced their strategy development skills.

of respondents that valued entrepreneurial creativity as a vital career motivator felt that the masters programs offered at Oxford College of Business enhanced their strategy development skills.

of respondents that valued entrepreneurial creativity as a vital career motivator and felt that the masters programs offered at Oxford College of Business enhanced their leadership and decision making skills.

FLEXIBILITYKEEP PACE WITH CHANGING BUSINESS LANDSCAPE

CAREER PROGRESSION

94.5% 81.1%93.1% 74.5%SALARY INCREASE

74.0%FIND EMPLOYMENT

67.6%INDUSTRY CHANGE

62.3%INTERNAL JOB PROMOTION

START A BUSINESS

61.9% 58.4%

CAREER OUTCOMES THAT WE SOUGHT AND ACHIEVED FROM STUDYING AT OXFORD COLLEGE OF BUSINESS

OPINION ABOUT OXFORD COLLEGE OF BUSINESS

99.2%

98.4%

93.0%

91.0%

93.2%

91.5%

STRATEGY DEVELOPMENT

PROBLEM SOLVING

PROJECT MANAGEMENT

ENTREPRENEURIAL

RESEARCH AND ANALYTICAL

OPERATIONS MANAGEMENT

FINANCE

89.6% 78.8% 72.4% 72.4%

87.8% 77.9% 71.0%

PROFESSIONAL SKILLS ENHANCED FROM STUDYING AT OXFORD COLLEGE OF BUSINESS

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All information contained in this publication is self-reported by the alumni and is for general information only. Oxford College 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 12th July – 13th October 2020. All figures quoted in this report are in LKR unless otherwise stated.

OXFORD COLLEGE OF BUSINESS#100, Thurstan Road, Colombo 07, Sri Lanka

T : +94 114 718 711/12F : +94 11 2 556 116E : mail@ocbsrilanka.edu.lk