What Next For Executive Education?
The ‘cash cow’ of business schools looks likely to flourish as skills become outdated more quickly and companies seek to increase diversity in the boardroom
By Seb Murray
June 3, 2019
Why the future looks bright
While applications have been falling for MBA degrees in the US, the biggest MBA market, figures from the UK’s Chartered Association of Business Schools (CABS) show that nearly nine-in-10 business schools are forecasting their executive education business to grow over the next five years.
Around half of employers surveyed by Carrington Crisp, an education marketing business, for a 2018 report, planned to increase their spend on executive education.
In an era of rapid business and technology change, one education surely cannot last a lifetime, even an MBA degree. Short part-time programs could be an answer.
““Executive education is the most exciting part of business education at the moment and is likely to remain so for many years to come,” says Andrew Crisp, the owner of Carrington Crisp. He points to several bright spots. For one, there’s a constant need to update skills to remain relevant in a rapidly evolving workplace.”