The Rise of Remote Learning and Alternative Credentials in Business Schools

The alternative credentials market is expected to soar. Driven by the increase in remote learning since the pandemic and a shift to more flexible learning models, this presents opportunities for higher education institutions, particularly business schools, which view alternative credentials as a vital strategy for success.

US $2.92 billion growth in the higher education alternative credentials market.

64% of business schools currently offer alternative credentials. 

38% of students don’t pursue higher education due to cost fears. Especially when the tuition fee for business schools can be significant. Students are demanding more remote and flexible learning opportunities, contributing to the growth of alternative credentials. 

53% of students in the US were enrolled in at least one online course.

2X Students in the US enrolled solely in online courses nearly doubled from 2019 to 2021.

11% average increase in total enrollment for the largest online universities.

74% of students say including industry micro-credentials would influence their program choices. 

Business schools can leverage alternative credentials, particularly digital ones, to bolster remote learning initiatives. These digital credentials offer significant benefits for institutions, students, and employers alike. Here's how

• Validating Non-Traditional Learning: Digital credentials verify achievements in flexible paths like micro-credentials and short courses, enabling module or competency recognition.
• Enhance Security and Credibility: Digital credentials provide a secure, verifiable way to showcase online achievements, without cumbersome paperwork.
• Synchronize with Technology: Digital credentials seamlessly integrate with online platforms and learning systems, simplifying issuing, managing, and verifying achievements.
• Perform on a Global Stage: Digital credentials are globally accessible and recognized by employers worldwide, offering standardized badge representation for increased value internationally.