US Executive MBA Market is Expected to Grow at a CAGR of 5.2% During the Period 2017-2022: Ken Research
GURUGRAM, India, April 24, 2018 /PRNewswire/ --
The US was the first to offer the Executive MBA program for professionals seeking to advance in their careers to upper management and executive positions. The first Executive MBA program was created at the University of Chicago's Booth School of Business in 1943. Many employers at that time saw it as an opportunity to develop the skills of managers while maintaining their involvement in the organization. Since then, the number of executive MBA programs has increased in the US with many programs offering joint degree programs and partnerships with business schools in Europe and Asia.
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US Executive MBA market is at late growth stage with approximately 181 business schools offering EMBA program in the country. The domestic students dominated the type of enrollees in the EMBA program in the US in SY'2018 due to high local population in the country looking to enhance their skill sets, coupled with the rising awareness regarding the benefits of the EMBA program among employees and employers in US.
"Four in ten US colleges experienced a decline in international applicants in the fall of 2017 term due to the change in visa policies."
The largest ethnic groups in the US as of 2017 include Germans (17.1%), African American (14.6%), English, Scottish, and/or Scotch Irish (12.6%), Irish (11.6%), Mexican (10.9%), American native English speaking (6.7%), Italian (5.9%), Polish (3.0%), French (2.9%) and Native American, First Nations, or Alaskan Native (1.6%). These ethnic groups have attributed to the enrollees in the EMBA program.
The highest number of enrollments in EMBA program in US was found to be from IT and healthcare industry. Increase in number of jobs in digital health, insurance, finance, Pharma biotech, venture capital, medical devices and entrepreneurship has aided the enrollment growth. The US Bureau of Labor and Statistics reported that healthcare management jobs are expected to grow 23% each year. Another industry is computer systems design (and related services) which is ranked as one of the 10 fastest-growing industries in US, having posted, on average, 18% growth for the 12 months ended Dec. 31, 2017. Bureau of Labor Statistics, US projects employment in the construction business to be the fastest compared to any industry in the 2018 and 2019.
Analysts at Ken Research in their latest publication "US Executive MBA Market Outlook to 2022 - By Structured and Customized and by EMBA and GEMBA Programs" believe that hybrid pedagogy style (virtual classes + traditional classroom session), content authoring tools to monitor results and content for executive MBA, interactive and case study based curriculum will aid the enrollment for EMBA market.
Strategic Alliance with Other Institutions for exchange programs and Corporate and marketing initiatives by the colleges will also have a positive impact on the market.
The decrease in corporate sponsorships will lead to more students self funding their EMBA program and negotiating for scholarships in the near future.
Key Topics Covered in the Report:
- US Executive MBA Market Overview and Market Size, 2014-2017
- US Executive MBA Market Segmentation, SY'2018
- By Structured and Customized Programs, SY'2018
- By Funding of Program (Self Funding, Partial Funding and Full Sponsorship), SY'2018
- By Duration of the Course (12-16 Months, 17-21 Months and More than 21 Months), SY'2018
- By Domestic and International Students, SY'2018
- By EMBA and GEMBA, SY'2018
- Strategies Adopted by Colleges in US Executive MBA Market
- Target Profile of the US Executive MBA Market
- Average Age in Program (34-39 Years, 28-33 Years and Above 39 Years) and Work Experience (11-14 Years, More than 14 Years and 6-10 Years), 2018
Work Experience in Program (11-14 Years, More than 14 Years and 6-10 Years), SY'2018 - Gender (Male and Female), SY'2018
- Industries Represented by Students in the Last Profile (IT, Healthcare, Financial services, manufacturing, Construction, Consulting and Others), 2018
- Average Age in Program (34-39 Years, 28-33 Years and Above 39 Years) and Work Experience (11-14 Years, More than 14 Years and 6-10 Years), 2018
- Application Trends Survey
- Global Synopsis of Executive MBA Programs
- Comparison of Top Five Executive MBA Programs
- Trends and Development for US Executive MBA Market
- Government Initiatives for the US Executive MBA Market
- Decision Making Parameters for the Students While Opting for EMBA
- SWOT Analysis of the US Executive MBA Market
- Competitive Scenario for US Executive MBA
- Market Share of Major Players in the US Executive MBA Market, SY'2018
- Company Profiles
- Columbia Business School
- University of Chicago Booth School Of Business
- The Wharton School
- Cornell SC Johnson School of Business
- UC Berkeley Haas School of Business
- NYU Stern School of Business
- University of Virginia (Darden School of Business)
- Yale School of Management
- UCLA Anderson School of Business
- MIT Sloan School of Business
- Stephen M. Ross School of Business
- Kellogg School of Management
- Future Outlook and Projections for US Executive MBA Market, 2018-2022
- By Revenue
- By Funding of Program (Self Funding, Partial Funding and Full Sponsorship), 2022
- By Structured and Customized Programs
- By Domestic and International Students
- Future Trends in the US Executive MBA Market
- Analyst Recommendations for the US Executive MBA Market
For more information on the research report, refer to below link:
Related Reports
The report also provides trends and developments in the market, key issues and challenges in the market, government initiatives for executive education in the US, Entry barriers in US Executive Education Programs market, SWOT analysis of the market and covering competitive landscape of major institutions.
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Ken Research
Ankur Gupta, Head Marketing & Communications
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SOURCE Ken Research
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