Executive Education Futures
The Executive Education market is vast and growing. In the USA the Association for Talent Development suggests that employers spent nearly $71 billion on all training in 2016.
With people living longer and looking at a series of distinctive careers during their lifetime, the need for new learning and development throughout a life is only likely to grow. Add in a prediction from McKinsey in a 2017 report that between 2015 and 2030, 300 million to 365 million jobs could be created with as many as 375 million workers needing to switch occupations and consequently, learn new skills, and the scale of opportunity for business schools becomes clear.
Executive Education Futures aims to help business schools make the most of the opportunity to deliver in the rapidly changing market for management and executive development. The study examines issues such as:
- Key content for programmes in the next three years
- Attitudes to new qualifications including microcredentials, stackable degrees, MicroMasters and digital badges
- Learning outcomes and the measurement of impact among individuals and corporates
- The role of technology in delivering learning and maximising student success
The study draws on desk research, employer interviews and surveys of individual participants and corporate purchasers of learning and development programmes.
The latest study, published in November 2018, found that fewer than a third of organisations (28%) currently use business schools to deliver executive education. An in-house service (60%) is the most widely used followed by consulting firms (51%) and online providers (46%), yet the market for lifelong learning is growing, offering business schools the opportunity to grow their executive education income, albeit they will need to ensure a flexible and impactful offer to attract employers and individuals.
To take part in the next round of Executive Education Futures, currently scheduled for late 2020, and get insights specifically for your business school as well as the global report, get in touch with us at firstname.lastname@example.org