Increasing Awareness for Personal and Professional Growth, Introduction of Updated Programs, Increasing online market penetration and Increasing Working Age Population were the key factors driving growth in US Executive Education Market.
The report titled “US Executive Education Programs Market By Type (Open and Customized Programs), By Universities (Private and State), By Mode of Delivery (Business Schools, Online, Foreign Collaborations) – Outlook to 2022” by Ken Research suggested a growth at a CAGR of 5.1% in revenue in US Executive Education Market in next 5 years till 2022. It has been anticipated that population of graduates in the US will increase to 4.3 million during 2022 which will increase the number of candidates eligible and interested for Executive Education Programs in the US. Introduction of new technologies in the market coupled with exposure of exposure of newer skills to the workforce will lead to more demand from the workforce for the executive education market. It is expected that institutions and B-schools will come up with more executive programs for fresher and entry level professionals, which will result in rising number of courses and enrollees in the market.
Executive education is often a relatively inexpensive, small time commitment for an employee to get exposure to the latest trends, research, and business thinking. The executive education market in the US is broadening in terms of customer base, enrollment and number of courses. The awareness of the multi-care
ering among the working professionals is rising on the account of the vast economy and dynamic service sector. The vocationalization of the US education system is leading to tough competition in the industry. The Government of US is also focusing on the higher education and providing adequate funding to the institutes which are performing well on the research and development works. Many universities in the country rank among the leading institutions in the world which attracts enrollees towards these institutes to attach a good brand name with them and also gain quality education.
The executive education programs market segment majorly comprises of customized and open programs. Open executive programs dominated the US executive education market owing to relatively lesser fees of the program and a fixed course structure which cannot be altered as per the needs of the organizations. Corporate professionals prefer executive education programmes over full time MBA programmes which take more time and money. The professionals are keen on developing certain specified skills which will boost their career development which are provided by these management development programmes. The growth in online enrollment is powered by advancement of technologies, educational needs of nontraditional students, adoption of innovative pedagogies and diversified delivery modes, and increased competition in the educational market. The US is poised to be one of the fastest growing executive education markets worldwide, thus catering to the needs of both global and domestic consumers.
Key Topics Covered in the Report
American B-Schools Executive Education
Best B-Schools Executive Education US
Top Executive Education in US
Enrollment Executive Education USA
United States Executive Education Schools
Challenge Executive Education Programmes Market
Future Programs Executive Education US
Executive Education USA Programs
Corporate Learning Market US
Executive Education Programs MIT Sloan
Major Universities in Executive Education US
Online Executive Education Programs Market
Competition Executive Education Programs USA
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Ankur Gupta, Head Marketing & Communications