IMD in Switzerland and Iese in Spain have topped the FT’s twin rankings of executive education providers, as business schools seek to restructure while bracing for a sharp decline in demand in the wake of coronavirus.
IMD is top of the 2020 open-enrolment programme ranking and Iese heads the ranking of customised programmes.
The lockdown is not only affecting revenues. It is also forcing business schools to rethink what courses they offer, the way they teach leadership skills, and how to balance short-term online training during lockdowns with longstanding demand for in-person tuition on campus or at clients’ premises.
Global revenues from the business school-based executive education market were close to $2bn in 2019 and were on an upward curve before Covid-19 hit. But more than half the leading providers predict sharp falls in executive education revenue this year, according to an analysis by Unicon, a consortium of 113 schools.