Renew your career through Executive Education

By Sunil Sood, Business Manager – Executive Education, Times Professional Learning

Amid economic uncertainties, technological disruptions, a two-year pandemic, rapid globalization, and many other cascading forces that are creating tectonic shifts for business, executive education has become more important than ever. For working professionals to stay competitive, improving skills is the need of the hour to jump-start their careers.

While executive education has been around for more than two decades, it was only a few years ago that it became the phenomenon that propelled the skills enhancement revolution across the world. Driven by quality improvements in learning management systems and immersive educational technologies, executive education has become hyper-personalized to the needs of working professionals, with built-in automated feedback mechanisms to guide professionals to as they progress through a course.

Congratulations!

You have successfully voted

Since 2015, there has been a marked growth in the number of online continuing education programs offered by management institutes and a rapid increase in the number of students enrolling in these programs. The pandemic has further stimulated this demand for training and retraining. As institutes implemented live e-learning, they also embraced new digital methodologies including workshops, chats, and collaboration tools, creating opportunities for inclusion, sustainable growth and real change. In doing so, continuing education has enabled professionals to reinvent themselves and renew their careers.

The disconnect between the skills needed and the skills possessed

One of the main reasons why executive education programs for working professionals in India have seen such a surge in demand is the constant need for working professionals to update their skills and stay relevant in a landscape. constantly evolving business. Unbridled globalization and technological breakthroughs play an essential role in the creation of new jobs requiring advanced managerial and technical skills. To excel in the rapidly changing economic landscape of the 21st century, employees must adapt to a wide variety of circumstances, including paradigm shifts within industries, changing roles and responsibilities, and changing management practices and corporate cultures. According to a PwC survey, 77% of business leaders say the shortage of people with key skills is the biggest threat to their business. Therefore, it is no surprise that today’s professionals take executive education courses to keep up to date with the latest industry demands.

As freshmen with management or technical degrees enter the workforce with up-to-date skills, it has become essential for seasoned executives to close their skills gaps to stay relevant in the workplace. 4.0 and advance their careers. It is relevant for them to constantly reinvent themselves professionally and realign their skills with the needs of their industries. A survey conducted by NASSCOM found that more than 50% of Indian professionals needed upskilling to adapt to changing industry dynamics. Another survey by the Manpower Group of 19,000 millennials in 25 countries found that 46% chose gaining skills and knowledge as the main way to advance in their careers. Indeed, skills development allows executives to renew their careers in the midst of constant industry fluctuations and changing job roles and demands.

mediawire_image_0

Executive training and its impact

Compared to full-time management programs, executive education programs do not require professionals to take a career break. Courses are designed for the convenience of working professionals so they can strike a practical balance between work and study. The programs are designed to help working professionals apply the concepts they learn in the classroom to practical, real-world scenarios, allowing them to quickly receive feedback on using their improved skills.

A specialized degree in a niche functional area attracts the attention of top recruiters from reputable organizations and may even facilitate a career change. Additionally, certification and alumni status from a leading institute can strengthen aspirants’ position in their existing organization and provide them with leadership opportunities.

Considered in a long-term context, executive education facilitates organizational development, professional development, knowledge acquisition, career development, and networking for aspiring candidates.

How Edtech Enabled Executive Education

Edtech companies like Times TSW are making great strides in training India Inc in industry-relevant skills. For example, Times TSW, through its various collaborations with the nation’s leading institutes such as IITs, IIMs, and top B-schools, makes executive experiences richer and more meaningful by leveraging educational technologies to design curricula. customized for different job functions. Through learner-centric innovations and global collaborations, Times TSW executive education programs have created offerings that cover a range of areas from management and strategy to operations and emerging technologies. The programs are rigorous and target value-conscious professionals.

Edtech companies providing executive education solutions and offerings have the potential to transform the lives of professionals and propel their careers as they strive to meet the skills requirements of Industry 4.0. In light of globalized business practices, emerging technologies and cascading economic uncertainties, executive education has become more relevant today than ever.

Disclaimer: Content produced by Times Professional Learning (TPL)

Back To Top