The Executive Education Market is at a mature stage. The Executive Education Market in the terms of revenue has effectively augmented at a positive CAGR during the reviewed period. This growth was effectively supported by the growth in the number of professionals who positively desire to endure these courses while pursuing their job, particularly in the Strategy and Leadership, Cyber security, Digital Innovation in case of MDPs. In the case of executive MBA programs, there is an effective augment in the requirement for the industry specific programs. The market corporates attained to the requirements of the consumers by designing a particular curriculum. The clients in the market are fueled by the brand value of the institutions with the extent of the progression also being a foremost factor in conclusive the course and the college.
Furthermore, on the basis of type on program, EMBA programs have registered the Executive Education Market in terms of creating revenue in the recent past years, this is principally owing to the growing awareness among the senior level executives of the requirement of the programs and the salary hikes conventional by the alumni’s has improved the requirement for EMBA programs in the respective region. Not only has this, the MDP programmes have registered second uppermost share in the overall Executive Education market.
Although, on the basis of funding of the MDP programmes, the majority of the programmes are company sponsored. This is widely owing to the most of the programs are of nearly 1-7 days and corporate sponsor their employees to learn fresh and widely required courses. However, the self-funded MDP Programmes registered a mere share in the market. Furthermore, by funding of the EMBA programmes, the self-funded programmes registered the Executive Education Market in the terms of conscriptions in EMBA courses in the recent past years. Such programmes are for a lengthier period and are precious therefore they are least funded by the corporates. However, it has been witnessed that the number of conscriptions that are incompletely funded registered for the second uppermost share in the market.
Nonetheless, the courses with the period of 1-7 days unwritten a foremost share in the terms of programs in the recent past years. These courses are widely required by functioning professionals who cannot bestow much time for sightsee the industry vertical. The courses with the period of 7-14 days and those of more than 14 days registered for a mere share in the entire executive MDP market. Whereas, the mainstream of the share has been registered by the programmes that have period of 12 to 24 months. As most of the students who choose to continue an EMBA are previously functioning within their field of opportunity, they choice not to authorization their jobs in order to become a full-time students.
The Executive Education Market is widely concerned. INSEAD is the market leader in EMBA market and NUS has the highest share in the Executive MDP market in Singapore on the basis of revenue of recent past years. Furthermore, the growing requirement from the multinational corporates is probable to foster the future requirement for the Executive Education Courses. Evident salary ramble after the completion of such courses will further raise the requirement among the fresh entrants in the corporate globe. Therefore, in the near years, it is anticipated that the market of executive education will increase around the globe more significantly over the coming years.
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Ankur Gupta, Head Marketing & Communications