Singapore Executive Education Market Outlook to 2023: Ken Research

The report titledSingapore 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.

Singapore Executive Education Market

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.

Singapore Executive Education Market Segmentation

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.

Singapore Executive Education Future Outlook

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:-

Singapore Executive Education Market Outlook

Related Reports by Ken Research:-

UK Executive MBA Market Outlook To 2023 – By Type Of Program (Structured And Customized), By Electives, By Blended Learning (Online & Offline And Only Offline), By Program Duration And By Course Type (Part Time Only, Full Time Only Or Either Full Or Part Time)

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)

US Executive Education Programs Market By Type (Open And Customized Programs), By Universities (Private And State), By Mode Of Delivery (Business Schools, Online, Foreign Collaborations) – Outlook To 2022

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
mailto:Sales@kenresearch.com

+91-9015378249

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