You might deem it as an impact of the technological advancements, new entrants, international competitors or an array of political agendas, the present and the future shape of United Kingdom’s business and management education looks very distinct when put in contrast with the past.
The business education industry is no longer associated with traditional university studies at degree level, or with the undergraduates and postgraduates being supplied with non-degree executive education. The scenario has changed multifold.
In today’s world of Business education, traditional business schools have been transcended by a variety of international universities, online course providers, consulting firms and many other organisations who are playing an active role in the market. The course delivery is immensely diverse, and it is fascinating to see business education being imparted in ways, never thought of before.
Although, a significant part of the student population still prefers to study through traditional degrees, however an apparent paradigm shift is on table. Many study while working through an apprenticeship programme, or they might be studying online, receiving the delivery of course on their mobile or PC.
Who would have imagined that firms such as KPMG and EY would go outright and offer their own business executive programmes? Moreover, LinkedIn with its LinkedIn learning, Coursera and London School Business with their assortment of online specific programmes are already disrupting the education industry. These courses are available at a fraction of a cost when compared with traditional business schools.
Unbound by geography, and optimising the pragmatic aspects of technology to deliver education anywhere and anytime, online courses can be titled as the next big thing in the history of education.
Business education has witnessed a dramatic overhaul and it is anticipated that more is in pipeline. Business has been on the pole positon of the most favoured degree subjects lately. According to HESA, 342,970 students at all levels, chose to study business in 2017/2018. Certainly, business education commands a dominating stance at the post-graduate level as well.