The market for executive education programs is anticipated to reach a value of US$ 37.8 billion by 2021 and beyond, growing at a CAGR of 11.2 percent from year to year.
The idea that engaged, developed people give great value to a company’s performance has highlighted the use of coaching to boost performance at all levels. The popularity of group coaching has increased as a result of technological developments, decreased coaching fees, and improved accessibility.
Offering coaching is one way to guarantee the long-term success of diverse personnel. Businesses can also utilise coach bots and hyper-personalized nudges from organisations like LEADx, Butterfly.ai, and Qstream, to name a few, that are driven by artificial intelligence (AI).
| Base Year Value (2020A) | US$ 34.3 Bn |
| Estimated Year Value (2021E) | US$ 37.8 Bn |
| Projected Year Value (2031F) | US$ 109.6 Bn |
| Value CAGR (2021-2031) | 11.2% CAGR |
Furthermore, business analytics and artificial intelligence (AI) are being employed to tackle challenging problems, so it is not just technology and data science experts that are responsible for using big data. Organizational leadership is responsible for comprehending and directing these strategies in order to achieve company objectives, which explains the significance and rising popularity of AI and predictive analytics courses.
If candidates have a working knowledge of data science, they can see problems that analytics, machine learning, and artificial intelligence can solve. Additionally, it will help them make the best possible investments in terms of people, data, systems, culture, and organization.
Artificial intelligence is altering people’s personal and professional lives all over the world, and organisations will benefit from its straightforward application to a range of tasks that will increase productivity and results. In order to implement this new tech-driven economy, employees may understand how this game-changing technology can help the numerous business activities in an organisation.
In addition, several business schools are creating programmes with a range of case studies to help students strengthen their talents. For instance, the Graduate School of Stanford Business provides a collection of case studies covering a variety of subjects, including leadership, strategy, negotiation, and online learning. Candidates can quickly learn cutting-edge information using the case study method of instruction.
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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.
“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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Executive Education Program Market by Category
By Program Type:
- Customized Programs
- Pre-designed Programs
By Leadership Level:
- Business-Owners
- Junior/ Entry-level Employees
- Managers
- Mid-level Employees
- Senior Executives
By Type of Learner:
- Group/ Small Team Learners
- Individual/ Private Learners
By Mode of Learning:
- In-Person Learning
- Online Learning
By Duration:
- Less than 1 Week
- 1 Week to 1 Month
- More than 1 Month
By Type of Courses:
- Management & Leadership
- Finance & Accounting
- Strategic Leadership & Innovation
- Marketing & Sales
- Business Operations & Entrepreneurship
- Others
By Industry Type:
- Consumer Products & Retail
- Energy & Transportation
- Financial Services
- Healthcare & Pharmaceuticals
- Manufacturing & Industrials
- Others
- Professional Services
- Technology & Communications
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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