Future Market Insights (FMI) report reveals that the Canada executive education program market is expected to be worth US$ 8,341.4 million at 13.9% CAGR from 2023 to 2033. The report estimates that the market would hit US$ 2,266.9 million by the end of 2023.
Executive learning is an important tool for global businesses to nurture top leadership talent. Such continued learning offers executives new knowledge to enhance skills. It also provides them with opportunity to upskill and gain new perspectives.
These programs are segmented into open enrolment and customized courses. Open enrolment programs are set courses open to applications and often occurring at multiple dates within a year.
On the other hand, customized programs are bespoke courses. These courses are designed in partnership with organization and an executive education provider to meet specific objectives. They are often formed by an arrangement between organizations and an executive education provider who can facilitate specific needs.
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As corporate industries are constantly changing, there is high competition in the Canada executive program market. Continuing education has gained paramount importance among workers for them to stay abreast with the latest developments, skills, and new technologies required for the respective fields.
Certain professions also require continuing education to comply with laws, remain licensed or certified, or maintain membership in an association or licensing body.
Digital learning and customization are the next big things in Canada executive education program market. In the next five years or more, customized blended programs would probably trend within the country.
Increased competition, complex business situations and higher communication and leadership skills would turn to become priorities within individual and organizational level.
Key Takeaways from the Canada Executive Education Program Market Study
- The junior/entry level executive education program is expected to hold a giant share of the market at 37.7% by 2033.
- The 1- month program segment is expected to continue its dominance over the forecast period and grow robustly with a CAGR of 16.0%.
- Based on type of course, the management & leadership segment had captured a significant share, 27.2%, of the Canada market in 2022.
- Based on industry type, the financial services segment is expected to grow at 16.0% CAGR during the forecast period. It is likely to hold a significant a share at 34.4% by 2033.
“The demand for efficient leadership skills in top management positions is on the rise across several industries. Providers of executive education programs across Canada would find significant growth opportunity in using blended learning technologies to impart their courses. Education through tools like AR/VR and gamification is expected to skyrocket over the forecast period” – says a lead analyst.
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Competitive Landscape: Canada Executive Education Program Market
Executive education program providers of Canada are partnering with international educational institutes and extend their reach across global executives and business leaders.
For instance,
In March 2021, The Rotman School of Management has partnered with the University of St. Gallen in Switzerland to offer the Global Executive MBA program.
This program allows executives to gain international experience and exposure to different business cultures, while earning an MBA from two leading institutions.
In September 2020, The Queen’s School of Business has partnered with the Smith School of Business at the University of Maryland in the USA to offer the Executive MBA Americas program.
This program allows executives to earn an MBA from two leading institutions in North America and gain exposure to different business practices and cultures in the region.
The market players present in the Canada executive education program market are Schulich Executive Education Centre, Ted Rogers, Rotman School of Management, UBC Sauder School of Business, Ivey Business School, Simon Fraser University, Smith School of Business, University of Alberta, Haskayne School of Business, and Edwards Executive Education among others.
Get More Exclusive Insights into Canada Executives Education Program Market Study
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the Canada executive education program market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study divulges compelling insights on the Canada executive education program market by type of courses (management & leadership, finance & accounting, strategic leadership & innovation, marketing & sales, business operations & entrepreneurship, others), industry type (consumer products & retail, energy & transportation, financial services, healthcare & pharmaceuticals, manufacturing & industrial, professional services, technology & communications, others), leadership level (senior executives, managers, mid-level employees, junior/entry-level employees, business owners), duration (less than 1 week, 1 week to 1 month, more than 1 month), program type (customized programs, pre-designed programs), mode of learning (online learning, in-person learning) and region.
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Canada Executive Education Program Market by Category
By Type of Courses:
- Management & Leadership
- Finance & Accounting
- Strategic Leadership & Innovation
- Marketing & Sales
- Business Operations & Entrepreneurship
- Others
By Industry Type:
- Consumer Products & Retail
- Energy & Transportation
- Financial Services
- Health Care & Pharmaceuticals
- Manufacturing & Industrial
- Professional Services
- Technology & Communications
- Others
By Leadership Level:
- Senior Executives
- Managers
- Mid-Level Employees
- Junior/Entry- Level Employees
- Business owners
By Duration:
- Less Than 1 Week
- 1 Week to 1 Month
- More Than 1 Month
By Program Type:
- Customized Programs
- Pre-designed Programs
By Mode of Learning:
- Online Learning
- In-Person Learning
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