According to a recent report by Future Market Insights (FMI), the executive education program market is expected to surpass a valuation of US$ 37.8 Bn, exhibiting year on year growth at 10% CAGR through 2021 & beyond.
The use of coaching to increase performance at all levels has been highlighted due to the understanding that engaged, developed people offer considerable value to a company’s performance. Technological advancements, lower coaching costs, and greater accessibility have all led to the expansion of group coaching.
One strategy to ensure the long-term success of diverse hires is to provide coaching. Businesses can also use Artificial Intelligence (AI)-powered coach bots and hyper-personalized nudges from companies such as LEADx, Butterfly.ai, and Qstream, to name a few.
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Furthermore, it is not only technology and data science experts that are responsible for using big data; business analytics and artificial intelligence (AI) are also used to solve complicated problems. Understanding and guiding these approaches to achieve corporate goals is the responsibility of organizational leadership, which explains the importance and growing popularity of AI and predictive analytics courses.
Candidates can identify difficulties that analytics, machine learning, and artificial intelligence can tackle if they have a working knowledge of data science. It will also assist them in making the best investments possible in people, data, systems, culture, and organization.
Artificial Intelligence is revolutionizing people’s personal and professional life all around the world, and its simple application to a variety of tasks benefits businesses will boost productivity and outcomes. Employees may comprehend how this game-changing technology can assist the many business activities in an organization in order to instil this new tech-driven economy.
Furthermore, in order to develop more skills in the students many business schools are developing programs with variety of case studies. For instance, Graduate School of Stanford Business has a set of case studies dealing with leadership, strategy, negotiation and online learning, among other topics. The case study form of learning provides on-the-edge learning to candidates in a short span.
Key Takeaways from the Executive Education Program Market Study
- Pre-designed programs will gain immense popularity as demand for executive courses rises among business owners, holding over 58.6% of total share in 2021.
- Increasing business opportunities and expansion of banking sector have encouraged the companies to upscale their employees profile. On the back of this, financial services have gained significant popularity, accounting for 21.9% of total market share in 2021.
- Individual/ private learners will account for a notable share of 55.9% in the market in 2021.
- In 2021, the U.S. will lead the North America’s executive education programs market backed by presence of the best-known and oldest business schools
- In 2021, the U.K. is expected to be the most lucrative market in Europe, capturing over 26.2% market share.
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“In the highly competitive environment the B-schools are actively engaged in promoting their executive education programs. The offerings in the market are being increasingly promoted as programs designed considering the globally distributed workforce. All such efforts on the part of universities and b-schools are further expected to drive market growth.” says an FMI analyst.
Who is Winning?
Leading players of executive education program market are focused on aggressive promotional strategies, advertisements, and new program launches that will drive sales growth of executive education program globally.
Major players present in the executive education program market are Harvard Business School, Columbia University, MIT Sloan School of Management, Stanford Graduate School of Business, Baruch College, Wharton School of Business, UCLA Anderson School of Business, Kellogg School of Management , Stephen M. Ross School of Management , The University of Chicago Booth School of Business, The University of Texas at Austin, Cornell SC Johnson, Rotman School of Management, Ted Rogers, UBC Sauder School of Business, Durham University – Business School among others.
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