What is Executive Education? Executive education refers to graduate business schools that offer courses aimed at improving the management skills of top executives and functional managers. Executive education has many definitions, including philosophy of education, surgical improvement of management skills, and a solution to a problem. This article will introduce executive education and describe the program’s benefits. To get started, read this article to learn more about its benefits. It is not for everyone. Executive education is an academic program that requires you to be at a higher level to be successful. Executive education is an academic program at graduate-level business schools
What is executive education?
Executive education is an academic program at graduate-level business schools. Generally, these programs are non-degree granting, but they do award certificates and other credentials. According to Business Week magazine, executive education is a $800 million business in the U.S.; 80 percent of programs are provided by university-based business schools. What makes executive education unique? The faculty members are often thought leaders and industry experts.
It is a philosophy of education
The concept of authority is central to this philosophy, and executive education is no different. Those who lead executive education programmes in business schools are in the position of being “authorities” in their own right. Despite the fact that executive education is not an “academic” discipline, it does boost careers and promote professional development. Here are three reasons why executive education may be a good fit for you. Let’s start with the first one.
It is a surgical improvement in management skills
An executive education program offers a flexible and effective method of management skill development for leaders. Because managers are often busy, they do not have time to devote to a lengthy course of study. An executive education program can be completed in a single week or day, allowing busy managers to focus on their core responsibilities. By learning how to manage, they will be better prepared to make key decisions and lead their teams more effectively.
It is a solution to a problem
The global health crisis has shaken the world to its core. It has exposed a variety of vulnerabilities and weakness, causing geopolitical tensions and a range of other problems. This crisis has also delivered several critical lessons. Perhaps the most important is the importance of preparedness. Prepared organisations emerge from crises without suffering major damage, and they can build a more resilient future. The need for executive education in times of uncertainty cannot be understated.
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It is cheaper than traditional MBA programs
In some cases, Executive Education is considerably cheaper than traditional MBA programs. Some programs are sponsored by businesses or organizations, which helps students save money. In these cases, the degree can be converted to the cheapest executive MBA program without compromising on quality. Here are some examples. These programs typically cost between US$10,000 and USD20,000 per day. Despite the price difference, Executive Education offers similar benefits as a traditional MBA program.
It is market-led
As corporate sectors continue to grow, competition for talented employees is becoming increasingly fierce. This dynamic environment requires continuous training and development. Executive education programs help employees to develop new skills and keep pace with rapidly changing fields. The demand for such programs will continue to grow, and the market for executive education will exceed US$109.7 billion by 2031, growing at 11.2% CAGR. Here are some key trends to consider: