The new Knowledge Leaders Hiring Index provides insight into which for-profit education sectors are growing, as well as which executive roles are most in-demand by for-profit education companies. The data is based on inbound inquiries to our executive search firm.
Q3 2019 Executive Search Data: For-Profit Education
What types of executive roles are for-profit education companies hiring for?
1. Revenue-Producing Roles
According to hiring data from Knowledge Leaders, 43% of executive searches in the for-profit education industry were for revenue-producing roles in Q3 2019.
This includes titles such as Chief Revenue Officer (CRO), Chief Marketing Officer (CMO), Chief Sales Officer (CSO) and VP Business Development.
2. Chief Executive Officers
In Q3 2019, the role of Chief Executive Officer (CEO) accounted for nearly 44% of executive hiring needs within for-profit education companies, according to Knowledge Leaders’ hiring stats.
- In Q3 2019, revenue-producing job positions (e.g. Sales, Marketing, CRO & BD) made up more than half of all executive search inquiries.
- Demand for revenue-producing roles shows an increased growth within a company.
Are for-profit education companies creating new executive positions, or are they replacing current leaders in their organization?
The Knowledge Leaders Hiring Index shows 50% of for-profit education company executive hiring needs are for replacement positions, while 50% are for newly-created positions.
- Newly-created positions in for-profit education show growth in the company and industry.
- These companies not only have the workload to give to new executives, but they also have the funds to pay new executives.
- While new positions signal for-profit education industry growth, replacement positions are noteworthy. As long as companies are hiring, whether it’s a new position or not, there is growth in the market.
What types of for-profit education companies are hiring executives?
1. Education Technology
Education technology (EdTech) companies accounted for 43% of for-profit education executive-level search needs in Q3 2019, as per Knowledge Leaders’ hiring data.
2. Training, Certification & Adult Learning
In Q3 2019, learning organizations that provide training, certification and continuing education programs for adults accounted for 36% of hiring service needs within the for-profit education industry.
3. For-Profit Schools
21% of for-profit education company hiring requests were made by for-profit schools in Q3 2019.
- With the progression of technology and new forms of media, education technology will most likely have growth for the foreseeable future.
- The more diverse this sector is, the more growth we typically see. Growth in education directly follows the growth of the economy.
- Training, Certification, and Adult Learning makes up 36% of the companies seeking to hire, showing potential growth in this section.
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