US Executive MBA Market Outlook to 2022
By Structured and Customized and by EMBA and GEMBA Programs
March 2018
127
About the Report
About the Report
US Executive MBA Market Size and Overview
Market Size: Executive MBA market increased from USD ~ million in 2014 to USD ~ million in 2017 at a CAGR of 3.8% during the period. The business schools increased their fee per year by ~% and have been registering a surge in the enrollment rate. Self-funded Executive MBA has been on the rise in recent years as the people look for opportunities outside the current company they are working in. In 2017, approximately ~% of students were self-funding, while ~% of students received partial sponsorships. The people who want to change their industries have also been opting for EMBA in the country in order to gain the knowledge of the sector they want to shift to for various reasons such as booming of a sector, personal growth and others.
Market Segmentation
Structured and Customizable: Structured EMBA program dominated the Executive Education market in terms of number of programs with share of ~% as the universities form the curriculum based on a structure to impart full knowledge of the program. The B-schools providing structured programs include The Wharton School of Business, Stephen M. Ross School of Business, UC Berkeley Haas School of Business, Yale School of Management, Stony Brook University and others. The customizable courses contributed lower share of ~% in EMBA in the US in SY'2018 owing to lower number of colleges offering these courses. The most popular electives opted in the US include International Business & Strategy, Financial Management, Entrepreneurship, Healthcare and Marketing.
Funding of Program (Self Funding, Partial Funding and Full Sponsorship): The self-funded EMBA courses with share of ~% has dominated the Executive MBA enrollments in the US. This has led the amount of corporate sponsorships to decline. Partial funding attributed second highest share of ~% in the Executive MBA market. This consists of the corporate that are willing to partially sponsor the employee in order to enrich their skill set as well as keeping them intact with the company. The full sponsorship attributed the least share of ~% in the total enrollments in the type of funding in the US. The share of full sponsorships has been declining in the country due to corporate not investing such high amount on an employee.
Domestic and International Students: US in 2018 with share of ~% due to the high local population in the country coupled with the rising awareness regarding the benefits of the EMBA program. The booming industries in the US include IT, manufacturing and construction and these have made a positive impact on the EMBA market as the employees from these sectors pursue these programs. The international students followed the domestic students in the type of enrollees in the EMBA program in the US in 2018 with share of ~%. EMBA of US business schools has been considered premium and is the oldest in all countries hence the people prefer to do the course from the US. Ethnic groups including Germans, African American, English, Scottish, and/or Scotch Irish, Irish, Mexican, American native English speaking, Italian, Polish, French and Native American, First Nations, or Alaskan Native have contributed to the segment.
EMBA and GEMBA: EMBA program dominated in the number of enrollments with ~% in the US in 2018 as there is more number of colleges providing this course. The GEMBA program attributed the second highest percentage share of ~% in the number of enrollments in the US in 2018. In general, the fee of the GEMBA program is higher than that of EMBA program which contributed to this segment.
Competitive Scenario in US Executive MBA
US Executive MBA market is highly developed and is in late growth stage with approximately 181 business schools offering EMBA program in the country. Rising enrollments have led the colleges to invest in marketing initiatives in order to compete in the market. The parameters on which the business schools offering EMBA compete include brand image, placement proportion, average salary package, program structure, location, exchange programs and faculty base. The major players in the EMBA business schools include The Wharton School, University of Virginia (Darden School of Business), The Wharton School, Kellogg School of Management, Columbia Business School, University Of Chicago Booth School Of Business, Stephen M. Ross School of Business, UC Berkeley Haas School of Business and Yale School of Management.
Future Outlook to US Executive MBA Market
The US executive MBA is anticipated to grow from USD ~ million during 2017 to USD ~ million during 2022 at a five year CAGR of ~% during 2017-2022. The market is expected to grow in future on account of increasing awareness among the working professionals about the multi-careering, rising job opportunities in the country, increasing penetration of hybrid executive MBA programs in the country, surge in the self-funded enrollments, introduction of specialized EMBA courses and more universities providing EMBA program. Self funding, structured EMBA programs and domestic students will be the leading segment in the EMBA market in future.
Key Topics Covered in the Report
- US Executive MBA market Overview and Market Size
- US Executive MBA market segmentation by structured and customized
- US Executive MBA market segmentation by Funding of Program (Self Funding, Partial Funding and Full Sponsorship)
- US Executive MBA market segmentation by Duration of the Course (12-16 Months, 17-21 Months and More than 21 Months)
- US Executive MBA market segmentation by Domestic and International Students
- US Executive MBA market segmentation by EMBA and GEMBA
- Revenue Model for US Executive MBA market
- Target Profile of the US Executive MBA market
- Application Trends Survey in US executive MBA market
- Trends and Development for US executive MBA market
- Issues and challenges in US executive MBA market
- Government Initiatives in US executive MBA market
- Decision Making Parameters for Students to Opt for the US Executive MBA Program
- SWOT analysis for US Executive MBA Market
- Market share of major player (The Wharton School, University of Virginia (Darden School of Business), Kellogg School of Management, Columbia Business School, University Of Chicago Booth School Of Business, UC Berkeley Haas School of Business, UCLA Anderson School of Business, Yale School of Management, NYU Stern School of Business and Stephen M. Ross School of Business) in US Executive MBA Market
- Future Outlook to US Executive MBA Market
- Analyst Recommendation for US Executive MBA Market
- Macro economic factors affecting US Executive MBA Market
Products
Products
Structured and Customizable Executive MBA Programs, by Funding of Program (Self Funding, Partial Funding and Full Sponsorship), by Duration of the Course (12-16 Months, 17-21 Months and More than 21 Months), by Domestic and International Students, by EMBA and GEMBA
Companies
The Wharton School, University of Virginia (Darden School of Business), Kellogg School of Management, Columbia Business School, University Of Chicago Booth School Of Business, UC Berkeley Haas School of Business, UCLA Anderson School of Business, MIT Sloan School of Management, NYU Stern School of Business and Cornell SC Johnson School of Business
Table of Contents
Table of Contents
1. Executive Summary
The US Executive MBA Market Overview
The US Executive MBA Market Size
The US Executive MBA Market Segmentation
Competitive Scenario in the US Executive MBA Market
Future Outlook of the US Executive MBA Market
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Approach – Market Sizing
Variables (Dependent and Independent)
Multi-factor based Sensitivity Model
Regression Matrix
Limitations
3. US Executive MBA Market Overview and Market Size, 2014-2017
4. US Executive MBA Market Segmentation, SY’2018
4.1. By Structured and Customized Programs, SY’2018
4.2. By Funding of Program (Self Funding, Partial Funding and Full Sponsorship), SY’2018
4.3. By Duration of the Course (12-16 Months, 17-21 Months and More than 21 Months), SY’2018
4.4. By Domestic and International Students, SY’2018
4.5. By EMBA and GEMBA, SY’2018
5. Strategies Adopted by Colleges in US Executive MBA Market
6. Target Profile of the US Executive MBA Market
6.1. 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
6.2. Work Experience in Program (11-14 Years, More than 14 Years and 6-10 Years), SY’2018
6.3. Gender (Male and Female), SY’2018
6.4. Industries Represented by Students in the Last Profile (IT, Healthcare, Financial services, manufacturing, Construction, Consulting and Others), 2018
7. Application Trends Survey
7.1. Application Trend During 2012-2016
7.2. Application Trend in 2017
8. Global Synopsis of Executive MBA Programs
8.1. Comparison of Top Five Executive MBA Programs
8.2. Top EMBA Rankings in World
8.3. Top 10 EMBA Business Schools Global Ranking
8.4. Top EMBA Programs in APAC
8.5. Top EMBA Programs in Europe
9. Trends and Development for US Executive MBA Market
9.1. Increase in the Packages of Executive MBA
9.2. Technology Change in Executive MBA
9.3. Increasing Popularity for Executive MBA in the US
9.4. Skill Gap in Service Sector Economy
9.5. Focus on Global Exposure with Study Tours
9.6. Number of Corporate Sponsorships Decreasing
10. Government Initiatives for the US Executive MBA Market
11. Decision Making Parameters for the Students While Opting for EMBA
12. SWOT Analysis of the US Executive MBA Market
13. Competitive Scenario for US Executive MBA
13.1. Market Share of Major Players in the US Executive MBA Market, SY’2018
13.2. Company Profiles
13.2.1. Columbia Business School
13.2.2. University of Chicago Booth School Of Business
13.2.3. The Wharton School
13.2.4. Cornell SC Johnson School of Business
13.2.5. UC Berkeley Haas School of Business
13.2.6. NYU Stern School of Business
13.2.7. University of Virginia (Darden School of Business)
13.2.8. Yale School of Management
13.2.9. UCLA Anderson School of Business
13.2.10. MIT Sloan School of Business
13.2.11. Stephen M. Ross School of Business
13.2.12. Kellogg School of Management
14. Future Outlook and Projections for US Executive MBA Market, 2018-2022
14.1. By Revenue
14.2. By Funding of Program (Self Funding, Partial Funding and Full Sponsorship), 2022
14.3. By Structured and Customized Programs
14.4. By Domestic and International Students
14.5. Future Trends in the US Executive MBA Market
15. Analyst Recommendations for the US Executive MBA Market
16. Macro-Economic Factors of the US Executive Education Market, 2014-2022E
16.1. GMAT Test Takers, 2014-2022E
16.2. Number of Full Time Workers, 2014-2022E
16.3. Number of Enrollments in Public and Private Colleges, 2014-2022E
16.4. Number of Degree Granting institutions, 2014-2022E
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List of Figure
Figure 1-1: Flow Chart for US Executive MBA Market, SY’2018
Figure 3-1: The US Executive MBA Market Size on the basis of Revenue in USD Million and Growth Rate in Percentage (%), 2014-2017
Figure 4-1: The US Executive MBA Market Segmentation by Structured and Customized Program on the Basis of Number of Programs in Percentage (%), SY’2018
Figure 4-2: The US Executive Education Market Segmentation by Funding of Program (Self Funding, Partial Funding and Full Sponsorship) on the Basis of Number of Enrollments in Percentage (%), SY’2018
Figure 4-3: The US Executive Education Market Segmentation by Duration of the Course (12-16 Months, 17-21 Months and More than 21 Months) on the Basis of Number of Programs offered by EMBA colleges in Percentage (%),SY’2018
Figure 4-4: The US Executive MBA Market Segmentation by Domestic and International Students on the Basis of Number of Enrollments in Percentage (%), SY’2018
Figure 4-5: The US Executive MBA Market Segmentation by EMBA and GEMBA Program on the Basis of Number of Enrollments in Percentage (%), SY’2018
Figure 6-1: Target Profile of the US Executive MBA Market on the Basis of Average Age in Program (28-33 Years, 34-39 Years and Above 39 Years) in Percentage (%), 2018
Figure 6-2: Target Profile of the US Executive MBA Market on the Basis of Average Work Experience (6-10 Years, 11-14 Years and More than 14 Years) in Percentage (%), 2018
Figure 6-3: Target Profile of the US Executive Education Market on the Basis of Gender (Male and Female) in Percentage (%), 2018
Figure 6-4: Target Profile of the US Executive Education Market on the Basis of Industries Represented by Students in the Last Profile (IT, Healthcare, Financial Services, Manufacturing, Construction, Consulting and Others) in Percentage (%), 2018
Figure 7-1: Percentage of Professional EMBA Program Reporting Change in Application Volume, 2012-2016
Figure 7-2: Executive MBA Applicant Pool by Gender, 2016
Figure 7-3: Percentage of EMBA Program Reporting Change in Application Volume by Gender, 2015-2016
Figure 7-4: Executive MBA Applicant Pool by Citizenship, 2016
Figure 7-5: Percentage of EMBA Program Reporting Change in Application Volume by Citizenship, 2015-2016
Figure 7-6: Percentage of Executive MBA Programs Conducting Special Outreach by Candidate Type, 2016
Figure 7-7: Percentage of Enrolled Students in Executive MBA Programs Who Will Receive Tuition Assistance, 2016
Figure 7-8: Percentage of Enrolled Students in Executive MBA Programs Expected to Receive Employer Funding, 2016
Figure 13-1: Allocation of EMBA Marketing Budget by Colleges Worldwide, 2014
Figure 14-1: Future Projections of the US Executive MBA Market on the Basis of Revenue in USD Million and Growth Rate in Percentage (%), 2018-2022
Figure 14-2: Future Projections for the US Executive Education Market by Funding of Program (Self Funding, Partial Funding and Full Sponsorship) on the Basis of Number of Enrollments in Percentage (%), 2022
Figure 14-3: Future Projections of the US Executive MBA Market Segmentation by Structured and Customized Program on the Basis of Number of Programs in Percentage (%), 2022
Figure 14-4: Future Projections of the US Executive MBA Market Segmentation by Domestic and International Program on the Basis of Number of Enrollments in Percentage (%), 2022
Figure 16-1: GMAT Test Takers in Units, 2014-2022E
Figure 16-2: Number of Full Time Workers in the US in Millions, 2014-2022E
Figure 16-3: Number of Enrollments in Public and Private Colleges in the US in Million, 2014-2022E
Figure 16-4: Number of Degree Granting Institutions in the US in Units, 2014-2022E
List of Table
Table 2-1: List of Abbreviations for US Executive MBA Market
Table 2-2: Correlation Matrix of the US Executive MBA Market
Table 2-3: Regression Coefficient Output for US Executive MBA Market
Table 3-1: Rationale and Description of the US Executive Education Market Size on the basis of Revenue in USD Million, 2014-2017
Table 3-2: Timeline of the Establishment of the Major Business Schools in the US
Table 4-1: Rationale and Description of the US Executive MBA Market Segmentation by Structured and Customized Program on the Basis of Number of Programs, SY’2018
Table 4-2: List of Major EMBA Business Schools on the Basis of their Electives
Table 4-3: Rationale and Description of the US Executive MBA Market Segmentation by Funding of Program (Self Funding, Partial Funding and Full Sponsorship) on the Basis of Number of Enrollments, SY’2018
Table 4-4: Companies Sponsoring EMBA in US Business Schools
Table 4-5: Rationale and Description of the US Executive MBA Market Segmentation by Duration of the Course (12-16 Months, 17-21 Months and More than 21 Months) on the Basis of Number of Programs, SY’2018
Table 4-6: Rationale and Description of the US Executive MBA Market Segmentation by Domestic and International Students on the Basis of Number of Enrollments in Programs, SY’2018
Table 4-7: Percent distribution of employed native-born and foreign-born workers annual averages 16 years and over by occupation, 2011 and 2015
Table 4-8: Number of International Students Studying in the US by Country of Origin, 2016-2017
Table 4-9: Rationale and Description of the US Executive MBA Market Segmentation by EMBA and GEMBA Program on the Basis of Number of Enrollments, SY’2018
Table 5-1: Strategies implemented by Colleges in the US Executive MBA Market
Table 7-1: Application Summary for EMBA in the US, 2014-2016
Table 7-2: Reporting EMBA Application Growth by Class Size in Percentage (%), 2017
Table 7-3: EMBA Application Growth by Region in Percentage (%), 2017
Table 7-4: Work Distribution of EMBA Applicants in Percentage (%), 2017
Table 7-5: US EMBA Distribution of Applications and Change in International Application Volumes compared with Europe, 2017
Table 7-6: EMBA Parameters in Percentage (%), 2017
Table 8-1: Comparison of Top Five Executive MBA Programs on a Global Level on the Basis of Parameters including Name of the Program and Institutions Providing the Program, Duration of Program, Cost, Description and USP
Table 8-2: Top EMBA Rankings Worldwide, 2017
Table 8-3: Financial Times EMBA Rankings, 2017
Table 8-4: Top EMBA Colleges Worldwide on the Basis of QS Ranking, 2017-2018
Table 8-5: Top EMBA Colleges on the Basis of Financial Times, 2017
Table 8-6: Top EMBA Programs in APAC Region, 2017
Table 8-7: Top EMBA Programs in Europe, 2017
Table 9-1: Executive Masters of Business Administration (Exec MBA) Median Salary by Job, 2017
Table 10-1: Description of Government Initiatives for the US Executive MBA Market
Table 10-2: Accreditations for US Executive MBA
Table 11-1: Decision Making Parameters for Students to Opt for the US Executive MBA Program
Table 12-1: SWOT Analysis of the US Executive MBA Market
Table 13-1: Description of Market Share of Major Players in the US Executive MBA Market on the Basis of Income per Year, SY’2018
Table 13-2: Competitive Landscape of Columbia Business School including Overview, Number of Programs, Core Courses, Electives, Average Fee of EMBA Program, Average Fee of GEMBA Program, Enrollments, Duration of Program, Total Revenue and Student Profile, SY’2018
Table 13-3: Competitive Landscape of University of Chicago Booth School of Business including Overview, Number of Programs, Curriculum, Average Fee of GEMBA Program, Enrollments, Duration of Program, Total Revenue and Student Profile, SY’2018
Table 13-4: Curriculum for University of Chicago Booth School of Business on the Basis of Description, Number of Courses and Name of the Courses
Table 13-5: Competitive Landscape of the Wharton School including Overview, Number of Programs, Average Fee of EMBA Program, Average Fee of GEMBA Program, Enrollments, Duration of Program, Total Revenue, Student Profile and Median GMAT Score, SY’2018
Table 13-6: Competitive Landscape of Cornell SC Johnson School of Business including Overview, Number of Programs, Curriculum, Average Fee of EMBA Program, Average Fee of GEMBA Program, Enrollments, Duration of Program, Total Revenue and Student Profile, SY’2018
Table 13-7: Cornell SC Johnson School of Business Campus Description on the Basis of Parameters including Class Size, Program Locations, Residence Weeks, Duration, Comprehensive Tuition and Fees, Class Profile, Industry Profile and Geographic Representation, 2017
Table 13-8: Competitive Landscape of UC Berkeley Haas School of Business including Overview, Number of Programs, Core Courses, Electives, Average Fee of EMBA Program, Enrollments, Duration of Program, Total Revenue and Student Profile, 2018
Table 13-9: Competitive Landscape of NYU Stern School of Business including Overview, Strategies, Number of Programs, Core Courses, Electives, Recent Specializations Offered, Average Fee of GEMBA Program, Enrollments, Duration of Program, Total Revenue EMBA New York City Student Profile and Triump EMBA Student Profile, SY’2018
Table 13-10: NYU Stern School of Business Campus Description on the Basis of Parameters including Class Days, Duration, Curriculum and Extra Details, SY’2018
Table 13-11: Competitive Landscape of the University of Virginia (Darden School of Business) including Overview, Number of Programs, Core Courses, Electives, Average Fee of EMBA Program, Average Fee of GEMBA Program, Enrollments, Duration of Program, Total Revenue and Student Profile, SY’2018
Table 13-12: Competitive Landscape of the Yale School of Management including Overview, Number of Programs, Course, Average Fee of GEMBA Program, Enrollments, Duration of Program, Total Revenue and Student Profile, SY’2018
Table 13-13: Competitive Landscape of UCLA Anderson School of Business including Overview, USP, Strategies, Average Fee of GEMBA Program, Enrollments, Duration of Program, Total Revenue and Student Profile, SY’2018
Table 13-14: Competitive Landscape of MIT Sloan School of Business including Overview, USP, Strategies, Number of Programs, Courses, Average Fee of EMBA Program, Enrollments, Duration of Program, Total Revenue and Student Profile, SY’2018
Table 13-15: Competitive Landscape of the Stephen M. Ross School of Business including Overview, Number of Programs, Course, Average Fee of GEMBA Program, Enrollments, Duration of Program, Total Revenue and Student Profile, SY’2018
Table 13-16: Competitive Landscape of the Kellogg School of Management including Overview, Strategy, Number of Programs, Core Courses, Electives, Average Fee of GEMBA Program, Enrollments, Duration of Program, Total Revenue and Student Profile, SY’2018
Table 14-1: Rationale and Description for Future Outlook of the US Executive MBA Market on the basis of Revenue, 2018-2022
Table 14-2: Rationale and Description of the Future Outlook of the US Executive MBA Market by Funding of Program (Self Funding, Partial Funding and Full Sponsorship) on the Basis of Number of Enrollments, 2022
Table 14-3: Rationale and Description of the Future Outlook of the US Executive MBA Market by Structured and Customized Program on the Basis of Number of Programs, 2022
Table 14-4: Rationale and Description of the Future Outlook of the US Executive MBA Market by Domestic and International Program on the Basis of Number of Enrollments, 2022
Table 14-5: Description of Future Trends in the US Executive MBA Market
Table 15-1: Analyst Recommendations for the US Executive MBA Market
Table 16-1: Description of GMAT Test Takers, 2014-2022E
Table 16-2: Description of Number of Full Time Workers in the US, 2014-2022E
Table 16-3: Description of Number of Enrollments in Public and Private Colleges the US in Million, 2014-2022E
Table 16-4: Rationale and Description of the Number of Degree Granting Institutions in the US in Units, 2014-2022E
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