Moscow School of Management SKOLKOVO entered the rating of private players in online business education for the first time in 2020, and immediately took second place. The rating was prepared by Smart Ranking, a research company. This is the first attempt to take a general look at the developing industry and identify market leaders through financial indicators for 2019-2020.
Content source: SKOLKOVO Business School
In terms of revenue from online programmes, SKOLKOVO Business School overtook such players as Synergy University (third place), the online university Skillbox (fourth place), and the business academies of Ernst & Young (E&Y) and PricewaterhouseCoopers (PwC), which took 8th and 9th places, respectively.
"SKOLKOVO Business School rolled out a large-scale digital transformation shortly before the pandemic. One of the most important novelties of 2020 is the mediatisation of interaction between professors and students of programmes, the introduction of technologies, formats and solutions that have never been seen before in business schools. In 2020, the School completely transferred all its educational programmes to online; the pandemic only accelerated the development of the online education segment. The School's team managed not to cancel any of the programmes, and in terms of the start dates, it only postponed less than a fifth of them. The school was able to create eight more new online courses from scratch in a new multimedia quality that is unique for the market and get a unique O2O experience, that is, almost instantaneous switching of programmes from offline to online," Deputy Chairman of the Management Board, Vice-Rector for Operations and Digital Development of Moscow School of Management SKOLKOVO Svetlana Mironyuk noted.
Online programmes earned SKOLKOVO RUB 558 million in revenue in 2020, which is 248 times higher than in 2019.
The total revenue of the players included in the 2020 rating was RUB 3.7 billion, with the share of SKOLKOVO's revenue making up 15% of the total result of the rating participants.
The rating took into account four areas of training:
- advanced training courses;
- courses for entrepreneurs;
- higher business education (MBA, EMBA, etc.);
- corporate training.
