“Increase
in the number of people employed coupled with rising demand of specialized
courses has driven the Executive Education market in Singapore”
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)” by Ken
Research suggested that the Executive Education market in
Singapore has been growing due rapid transformation in education system,
increase in the number of people employed and evident salary hike after
completion of these courses. The market is expected to register a positive CAGR
of 1.1% in terms of revenue during the forecast period 2018-2023E.
Rise
in Joint EMBA programs and Contracts with Companies: Singapore has witnessed surge in the demand for
executive education in order to explore the potential opportunities. It has
been observed that the many B-schools and universities have started offering
executive learning programs for professional development and career building in
alliance in the country. For instance: UCLA Anderson and National University of
Singapore, Tsinghua University and INSEAD (TIEMBA). In addition to this, it has helped the B-schools in broadening
their student base and in creating brand value which will further lead to
enhance alumni network which is a major attraction for students. On top of it,
partnership with these companies would aid in structuring the course
specifically catering to the industry vertical required.
Lifelong Learning Programs: The current
trend in Executive MBA is that they offer the alumni's with the opportunity to
study lifelong in the institutes such as in NUS where the alumni can go back to
the college and participate in new classes or they can even take new classes as
a fresher with no additional cost. This facility is available to the alumni’s
upto 20 years from the time of their enrolment into the program. This would help
the college to build a strong alumni network and will further increase the
demand for executive education in the country.
Company Sponsored Programmes: In Singapore, it has
been observed that majority of the enrollments in the MDP courses are company
sponsored in the year 2018. On the other hand, number of enrollments in EMBA
which are company sponsored accounted a mere share in the year 2018 owing to these programs are of longer
duration and are costly therefore they are least funded by the companies
whereas MDP programmes are generally short term courses due to which companies
generally provide full sponsorship to their employees to learn new and highly
demanded courses which will help the association in the longer run.
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
Keywords:-
Executive Education
Singapore
Short Executive
Courses Singapore
Management
Development Programme Singapore
Singapore Executive
MBA
Major Institutes
Singapore Executive MBA
Singapore Executive
Education challenges
Singapore Executive
Education Issues
Singapore Government
Initiatives Executive Education
Singapore Executive
Education Strategies
Singapore Executive
Education programmes
Singapore Executive
MBA Student Profile
Singapore EMBA
Programmes
Singapore Long
Duration Courses
Singapore Short
Duration Courses
Singapore Executive
Education Enrollments
Singapore EMBA
Enrollments
Singapore MDP
Enrollments
Singapore Executive
Education Programmes
Singapore EMBA
Programmes
For more information, refer to below link:-
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