Erasmus Mundus was launched in 2004 as an initiative to boost joint degrees on Master level in Europe. In 2013, the programme was merged into Erasmus+. Every year, the Erasmus Mundus Students and Alumni Association carries out a Graduate Impact Survey. The most recent issue shows high levels of employability and high levels of satisfaction among the graduates.
The survey data shows that over 90% of the graduates are satisfied with the quality of the master programmes, a figure that has been consistently high throughout the Erasmus Mundus initiative (in 2009, 89% reported being satisfied). At the same time, the data shows also that the scholarships are viewed as a stronger motivation than the academic quality of the courses, when graduates evaluate their reasons for choosing an Erasmus Mundus course. At the same time, reputation of Erasmus Mundus has been consistently growing, whereas the number of students reporting scholarship as the main motivation has decreased since 2009.
The main aspects that graduates were not satisfied with was that there was a lack of contacts created with future employers. This would suggest that students are conscious about their future career. At the same time, about 60% of the graduates have obtained a job less 2 months after graduation.
The survey highlights that according to students and graduates, the main impact of Erasmus Mundus is in enhancing intercultural skills, whereas career and subject related expertise are rated as second and third impact. A share of the graduates also stay in Europe. While 17,8% have EU as their country of origin, over half of the graduates remain in the EU after graduation.