Gurugram, India, 16TH May, 2019:
It is predicted that the number of employed people will increase from 32,502 thousand in the year 2018 to 34,625 thousand by the year ending 2023E.
Average fees charged for UK Executive MBA programmes is anticipated to increase at a CAGR of 5.0% during the period 2018-2023E.
In future, it is anticipated that the demand for customized courses will increase further; as 70.0% of the programmes will be customized in the UK Executive MBA market by the year end 2023E.
Increase in the Number of Enrollments: The enrollments in the UK Executive MBA market is expected to increase at a CAGR of 7.5% during the period 2018-2023E, as more number of industry professionals will become aware of the EMBA programmes and the salary hike after perusing the course will encourage them to take up this course. Moreover, rapid changes in the businesses coupled with increasing demand for personal and professional growth, value addition to business and in-depth understanding of a course will attract the companies and individuals towards executive MBA programs in the UK over the years.
Increasing Demand for Customized Courses: As technology will advance in the coming years, the demand for a customized program will increase positively as industry professional will prefer to choose electives of their own choice which will provide them specialization in a particular sector. It is anticipated that 70.0% of the programmes offered in the colleges in future will be customized.
Analysts at Ken Research in their latest publication “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)” believed that the Executive MBA market in UK will grow due to increase in the number of people employed, increase in the fees structure and increase in the number of customized programs offered.
The market is expected to register a positive CAGR of 12.6% in terms of revenue during the forecast period 2018-2023E.
