Only less than half of the chief executives of the Philippines’ 100 most valuable firms listed at the Philippine Stock Exchange (PSE) have a graduate degree, according to a quick look at their short biographies in company annual reports.
Of the hundred CEOs of the top 100 listed firms ranked by market capitalization as of the second quarter of 2017, only 43 reported they possess either a master’s or a doctorate degree, Entrepreneur Philippines has found. Of these, 37 finished master’s degrees and six graduated with PhDs.
But those who bothered to pursue advanced studies invested not just time but also money and effort into it.
As expected, a vast majority of those with graduate degrees—88 percent to be exact—pursued business-related courses such as Business Administration, Business Management, Economics or Finance. All these fields are highly relevant to running a business.
The school with the biggest number of CEO graduates is the Asian Institute of Management (AIM), an international business school located in Makati City, with eight graduates. The AIM is considered one of the region’s oldest business schools.
Though AIM is based in the Philippines, majority or 53 percent of the CEOs graduated from schools abroad, specifically the United States. University of Chicago leads the list with five CEO graduates, followed by Northwestern University with four. Other schools include Harvard University, Massachusetts Institute of Technology, University of Michigan and University of Pennsylvania
Local schools were led by the Ateneo de Manila University, which had four alums among the CEOs with graduate degrees. It is followed by the University of Santo Tomas with three.
(Note: Entrepreneur Philippines looked at the data of more than 120 most valuable companies as of end-June 2017 but excluded those which did not provide information on their CEOs’ educational attainment in their latest annual reports.)
Pauline Macaraeg is Entrepreneur PH's data journalist. Follow her on Twitter @paulinemacaraeg. With additional research by Leslie Baquirin