The Rise and Rise of Online Education
According to a recent report from Education Department’s National Centre for Education Statistics, the post-secondary student enrolment has dropped considerably in the time period from mid of 2016 to late 2017, while in the same period the number of partial online enrolments grew by almost 6%. What is astonishing to note is the proportion of students enrolled exclusively for online course rose to 15%, which is roughly 1 in 5 students. The proportion of students with a mix of online and onsite learning rose to almost 18% in 2018. During the same year, the proportion of students taking at-least one online course rose to almost 34%.
The data clearly shows a rise and popularity in online learning. A very noteworthy fact is that there is a definite increase in the number of online students while at the same time a dip in the onsite enrolments.
According to another survey conducted by The Changing Landscape of Online Education (CHLOE), large colleges are more likely to report growth in fully online courses (84%) compared to mid-size (60%) or small (48%) institutions.
Ready to be surprised! Here is some more data (Forbes.com):
- Global Online-Learning market to Reach $325 billion by 2025 (Research and Markets) from $107 billion in 2015 (Forbes).
- In 2013, Lynda.com, the online learning giant and arguably the 800-pound gorilla in the e-learning space, had just accepted $103 million in venture funds. Two years later, in 2015, they were acquired by LinkedIn for $1.5 Billion. It is now called LinkedIn Learning. I think this acquisition and the trends within hiring, workplace skills, and training are a big reason why we are seeing these revenue projections. People need to keep learning to succeed (or just stay afloat) in these times.
- Online courses made $46 billion in 2017.
For online Learning and executive online learning, there is no shortage of platforms and new technologies. Online learning is the future of education. The platform is beneficial for everyone especially students and working executives.
Now the question is!
Why Online Learning?
For starters, there’s the obvious double advantage of programmes taught online: flexibility plus accessibility. For anyone hampered by geographic or time constraints, virtual learning platforms give participants control over the pace and place of their studies. For some, gaining familiarity with executive programs can also help prepare career goals. For others, the online platforms offer a less intimidating environment more conducive to active participation.
Working professionals especially see the benefits of providing online learning for their professional development. With a strong online learning platform in place, people can identify new skill-gaps, develop content in their respective areas, and deploy their knowledge and skills in their workplace.
If you are a working professional and looking for an international executive business program, earn the European Accredited Executive MBA program from Eaton Business School to meet your career goals. Our MBA programs are delivered through live interactive online classes to interact with fellow professionals from different markets and industries around the world. Contact Our Academic Advisor today to get started.