“Increase in the number of people employed coupled with rising demand of specialized courses has driven the Executive Education market in Singapore”
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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:-
Singapore Executive Education Market Outlook
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