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Requests and enquiries concerning reproduction and rights should be addressed to the Marketing Manager, Austrade, GPO Box 5301, Sydney NSW 2001 or by email to [email protected] Publication date: August 2017 2 AUSTRALIAN EXECUTIVE EDUCATION AUSTRALIAN COURSES OFFER A GLOBAL ADVANTAGE AUSTRALIAN EXECUTIVE EDUCATION 3 INTRODUCTION In a dynamic and globalised marketplace the KEY CAPABILITIES demand for good leadership is growing rapidly. Continuous development of leadership talent is a PROVIDERS priority for corporations around the world and they OF EXECUTIVE EDUCATION are increasingly turning to high-quality executive education programs to meet their needs. INSTITUTIONS Australian executive education institutions In addition, Australia’s multicultural population AND CAPABILITIES are regularly ranked amongst the top global and strong commercial and people-to-people executive education providers.1 Australia’s relationships, particularly within the Asia-Pacific FURTHER high-quality tertiary education institutions region, position it as a premier destination for INFORMATION and its strong commercial governance has executive education programs. This industry created an effective environment for the capability report provides an overview of development and delivery of executive Australian capability in executive education, education programs. Now in its 26th year including examples of some of the many of consecutive economic growth2, Australia Australian institutions with specialist expertise. is ideally positioned to provide innovative Talk to your local Austrade representative for and customer-oriented management and more tailored advice and information about leadership development programs. These connecting and partnering with this industry. are designed to meet the global demand for knowledge and behaviour change and focus on an increasingly mobile and cross-cultural commercial environment. 4 AUSTRALIAN EXECUTIVE EDUCATION Image courtesy of QUT Business School Image courtesy AUSTRALIAN EXECUTIVE EDUCATION 5 WHAT IS EXECUTIVE levels in their respective roles. These With its roots in academic research, INTRODUCTION courses can be focused on a specific executive education is still dominated EDUCATION? industry or more commonly on a by university-based or linked institutions. KEY CAPABILITIES In a competitive business world, it is specific management function, such as However, industry bodies, membership imperative that business leaders are marketing or corporate strategy. associations and professional service firms are increasingly competing in this PROVIDERS up-to-date with the latest in management Executive education courses are typically market.4 While most executive education practices and can respond to rapidly short, non-credit programs primarily OF EXECUTIVE programs are focused on specific shifting commercial trends. Executive designed for current and aspiring aspects of professional development EDUCATION education courses are increasingly professionals in managerial and executive and are not related to university degree viewed by top management professionals roles. While individuals typically opt for programs, some institutions offer subject as a way to upskill themselves and open enrolment (off-the-shelf) courses, INSTITUTIONS credits toward certain MBA qualifications. colleagues and take advantage of the corporate customers are increasingly AND CAPABILITIES latest management research. showing a preference for customised Executive education programs are programs that address their unique 3 FURTHER designed to equip business leaders challenges. Courses may be delivered in INFORMATION with the tools and knowledge a classroom environment, online or with a necessary to function at the highest blended learning approach. 6 AUSTRALIAN EXECUTIVE EDUCATION INTERNATIONALLY are listed in the top 100 in the Academic In addition, five Australian capital INTRODUCTION Ranking of World Universities and the metropolises are among the top 50 best RECOGNISED DESTINATION Times Higher Education World University cities in the world for international students KEY CAPABILITIES FOR HIGHER EDUCATION Rankings. Australia has five universities in – Melbourne (5), Sydney (13), Brisbane the top 50, and seven in the top 100, in (20), Canberra (22), Adelaide (44), and Supported by stable institutions, sound the 2018 QS World Universities Rankings, Perth (50).7 PROVIDERS regulatory policies and a strong education the third-highest after the US and the UK5. OF EXECUTIVE system, Australia is a popular education The education sector is Australia’s hub in the region with a track record of Australia is viewed as the destination largest service export and third-largest EDUCATION delivering world-class academic programs. of choice for international students export overall, at $22.4 billion in 2016.8 looking to enrol in higher education Around one quarter of all higher Across the different university ranking courses, consistently attracting more education students, and approximately INSTITUTIONS systems, criteria and fields of study, international students than other half the students in management and Australian universities consistently rank AND CAPABILITIES developed nations such as Canada, commerce courses, are from overseas.9 highly for the quality of their education, Germany, Japan and Singapore, with student satisfaction ratings and overall FURTHER a net inflow of approximately 250,000 global reputation. Australian universities INFORMATION students per year.6 NET FLOW OF INTERNATIONALLY MOBILE STUDENTS 2009 – 2015 300000 250000 200000 150000 100000 50000 0 2009 2010 2011 2012 2013 2014 2015 AUSTRALIA CANADA FRANCE GERMANY JAPAN NEW ZEALAND SINGAPORE Source: UNESCO, “Net flow of internationally mobile students”, data.uis.unesco.org/Index.aspx?queryid=243 AUSTRALIAN EXECUTIVE EDUCATION 7 DIVERSITY A country with a truly multicultural INTRODUCTION population and large cosmopolitan Exposure to various cultures and the cities, Australia’s overseas-born KEY CAPABILITIES correspondingly diverse points of view population (as a percentage of total and experiences are an important population) grew from 23 per cent in PROVIDERS consideration in selecting an executive 2000, to 29 per cent in 2016.10 This education program. The diversity of a diversity is reflected in the composition OF EXECUTIVE cohort also plays a significant role in the of many executive education programs. EDUCATION opportunity for participants to network with Further, due to historical links with peers. As such, diversity of participants Europe and North America, Australian and trainers/presenters makes a significant executive education also provides INSTITUTIONS impact on the learning outcome of an in-depth study of ‘Western’ AND CAPABILITIES individual participants. management practices for participants. FURTHER INFORMATION PROPORTION OF FOREIGN BORN RESIDENTS, AUSTRALIA, 2000 – 2016 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 2000 2003 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: Australian Bureau of Statistics, “Estimated resident population, country of birth, age and sex - as at 30 June 1992 onwards”, stat.data.abs.gov.au/Index.aspx?DataSetCode=ERP_COB 8 AUSTRALIAN EXECUTIVE EDUCATION Image courtesy of UQ Business School Image courtesy AUSTRALIAN EXECUTIVE EDUCATION 9 STRONG, WELL-MANAGED 60 per cent (representing US$10 trillion Sector-specific executive education INTRODUCTION of assets under management) viewed programs are growing in popularity around COMMERCIAL SECTOR ‘poor governance practices’ as the most the world. The Australian economy is KEY CAPABILITIES Australia’s thriving and well-managed important contributing factor in leading home to several world-class sectors commercial sector makes it an ideal them to support activist claims/proposals such as resources, finance, education, environment for the development of that question the management/board of tourism, agriculture and food and PROVIDERS 13 leading management practices. For a company. beverage production. To cater to the talent OF EXECUTIVE development needs of these sectors, example, thanks to initiatives by regulatory The regulatory strength of Australia’s Australian intuitions have developed EDUCATION agencies such as the Australian Securities commercial sector is evidenced by a range of sector-specific executive and Investment Commission (ASIC), its third-place ranking by the World education courses. The Law School Australia’s corporate governance is Bank on its ability to enforce contracts. INSTITUTIONS of