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Estimates by Business Week magazine suggest that executive education in the United States is approximately an $800 million per year business, roughly 80% of which is provided by universities (mostly business schools). The fastest growing segment of the market is so-called "customized" programs, which are tailored for and offered to executives of a single company (as opposed to "open enrollment" programs). HISTORY OF EXECUTIVE EDUCATION Executive education programs are in a way the descendants of the . Executive education developed in the 1980s and 1990s, as the increasing pace and scope of global business demanded higher levels of education among employees. The Dot-com Boom further changed the scope of the U.S. business landscape by favoring employees and organizations who were quick to adapt and capable of change. As longstanding business concepts became obsolete, continual training was necessary--but earning a degree was not. Today, the participation of the most prestigious universities around the world has lent credibility to executive education, unlike other non-degree/certificate programs that may or may not be recognized as valuable. The dot-com influence may be diminished, but the emphasis on learning new concepts throughout one's career has continued, and made executive education extremely popular in the U.S. ( Duke University , for example, reports 25% annual growth for its Corporate Education programs.) CNN Notes and References Resources Searchable Executive Education Directory Sources CNN , "Fast pace of business drives EMBA" WorldWideLearn.com , "Learning to Lead with an Executive Education" |
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