The report titled “Singapore
Executive Education Market Outlook to 2023 - By Type of Program (EMBA and MDP),
By Funding of the Program MDPs (Company Sponsored and Self Funded) and EMBA (Self
Funded, Partial Funding and Company Sponsored), By Duration MDP (1-7 days, 7-14
days and more than 14 days) and EMBA (up to 12 Months, 12-24 Months and More
than 24 Months)” provides a comprehensive analysis on the Executive
Education (Management Development Programs and Executive MBA) industry in
Singapore. The report covers introduction on Singapore Executive Education market,
issues and challenges, trends and developments, SWOT Analysis, competitive
landscape and government regulations. The report concludes with market
projections and analyst recommendations highlighting the major opportunities
and cautions.
Market
Overview
Singapore Executive Education market
is at a mature stage. Singapore Executive Education market in terms of revenue
has increased at a positive CAGR during the period 2013-2018. This growth was
supported by the increase in number of professionals who wish to pursue these
courses while continuing their job, especially in the Strategy and Leadership,
Digital Innovation, Cyber security in case of MDPs. In case of Executive MBA
programs, there is an increase in the demand for industry specific programs.
The market players catered to the needs of the clients by designing a specific
curriculum. The customers in the market are driven by the brand value of the
institution with duration of the course also being a major aspect in deciding
the course and the college.
By Type on
Program (EMBA and MDP): EMBA programs have dominated the Singapore
Executive Education Market in terms of generating revenue in the year 2018,
this is largely due to increasing awareness among senior level executives of
the need of programs and the salary hikes received by the alumni’s has
amplified the demand for EMBA programs in the country. On the other hand, MDP
programmes have accounted second highest share in the overall Executive
Education market in Singapore.
By Funding
of the MDP Programmes: In Singapore Executive Education
market, majority of the programmes are company sponsored. This is largely due to most of the programs are of about 1-7 days
and companies sponsor their employees to learn new and highly demanded courses.
However, self funded MDP Programmes accounted a mere share in the market.
By Funding
of the EMBA Programmes: Self funded programmes dominated
the Singapore executive education market in terms of enrollments in EMBA
courses in the year 2018. These programs are for a longer duration and are
costly therefore they are least funded by the companies. However, it has been
observed that the number of enrollments that are partially funded accounted for
the second highest share in the market.
By Duration
of MDPs: Courses with duration of 1-7 days contributed
a major share in terms of number of programs in the year 2018. These courses
are largely demanded by working professionals who cannot devote much time for
explore the industry vertical. Courses with duration of 7-14 days and those of
more than 14 days accounted for a mere share in the overall Singapore Executive
MDP market.
By Duration
of EMBA: The majority of the share has been accounted
by the programmes that have duration of 12 to 24 months. As most of the
students who opt to pursue an EMBA are already working within their field of
choice, they choose not to leave their jobs in order to become a full-time
student. Part-time student takes longer time in completing the EMBA over that
of a full-time student. On the other hand, EMBA courses that have duration of
upto 12 months accounted for second highest share and more than 24 months accounted
for least share in the year 2018.
Competitive
Landscape
The Singapore
Executive Education market is highly concentrated.
INSEAD is the market leader in EMBA market and NUS has the highest market share
in the Executive MDP market in Singapore on the basis of revenue in 2018. Other
major players on the basis of revenue are Ngee Ann Academy, Nanyang Business
School, SMU, ESSEC Asia-Pacific, Management Institute of Singapore and others. In
EMBA market, players compete on the basis of types of
program offered (structured/customizable), faculty, fee structure, strategic
alliances, number of electives offered, placements and alumni network. In MDP
market, players compete on the
basis of Technological Advancement and Robust Infrastructure, Strategic Alliance
and Expertise Knowledge, course structure and faculty.
In future,
it is anticipated that Singapore Executive Education market in terms of revenue
will increase at a positive CAGR during the period 2018 – 2023(E). In Singapore,
it is expected that the demand for 1-7 days courses will be further augmented largely
due to increasing need of enhancing new skill set among professionals and as
far as Executive MBA is concerned the demand for 12-24 months program will
remain high. Moreover, increasing demand from multinational companies is likely
to drive future demand for Executive education courses in Singapore. Evident
salary hike after completion of these courses will further increase the demand
among the new entrants in the corporate world.
Key Segments Covered:-
By Type of Programmes
EMBA
MDP
By Funding in MDP
Company
Sponsored
Self
Financed
By Funding in EMBA
Self Funded
Partially
Funded
Company
Sponsored
By Duration of MDP
1-7 Days
7-14 Days
More than
14 Days
By Duration of EMBA
Upto 12
Months
12-24
Months
More than
24 Months
Key Target Audience
B Schools
Online Education
Consultancies
Ministry of Education/
Higher Education Authority
Online Education
Aggregators
Investors in Private Equity
Firm
Time Period Captured in the
Report:-
Historical Period: 2013-2018
Forecast Period: 2019-2023E
Major Institutes Covered:-
INSEAD
National University of Singapore
Ngee Ann Academy
NTU - Nanyang Business School
ESSEC Asia-Pacific (Singapore)
Singapore
Management University
Management Development Institute of Singapore
Rutgers
University - Singapore
Aalto
Executive Education Academy (Aalto EE)
YMCA
Education Centre- Singapore
Aventis
School of Management
ERC
Institute
FTMS
Global Academy
Singapore
University of Technology and Design
IMD
Business School Singapore
PSB
Academy
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Singapore Executive Education
Market - Overview and Genesis
Singapore Executive Education
Market Size
The Singapore Executive Education
Market Segmentation (2018)
Student Profile in the Singapore
Executive Education Market
Trends and developments in
Singapore Executive Education Market
Issues and Challenges in the
Singapore Executive Education Market
Global Synopsis of Executive MBA
Programs
Government Regulations in
Singapore Executive Education Market
SWOT
Analysis Singapore Executive Education Market
Competitive Scenario in Singapore
Executive Education Market
Market Share of Major Players in
the Singapore Executive Education Market
Profile of Major Players in
Singapore Executive MBA Market
Future Analysis of the Singapore
Executive Education Market, 2019-2023E
Analyst Recommendations
For more information,
refer to below link:-
Related Reports by Ken
Research:-
UK Executive Education Market Outlook To 2023 - By
Type Of Management Development Programs (Finance, Strategy, Leadership, Ethics
And Others), By Duration Of The Course (1 Day, 1-2 Days, 2-3 Days, 3-5 Days,
5-10 Days And 10+ Days) And By Type Of Universities (Private And Public)
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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