Professional and Management Development Training NAICS 611430
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Industry Summary
The 7,700 professional and management development training companies provide continuing education, training, and career development programs through short courses and seminars. While training programs help clients learn specific knowledge or skills to improve performance in a current role, development programs focus on growth and future performance. Common areas of training and development include general management; technical knowledge and skills; leadership; diversity, equity, and inclusion (DEI); environmental, social, and governance (ESG); executive education; certification; and soft skills.
Dependence on Client Industry Performance and Economic Conditions
Demand for professional and management development training is dependent on the financial health of client industries, which is driven by general business and economic conditions.
Applying Technology to Leadership Training
Technology has helped elevate training platforms and improved engagement in management development initiatives.
Recent Developments
May 6, 2025 - Training Programs Help Attract, Retain Employees
- About 92% of job seekers will choose a business that provides robust training over a similar option, according to imc Learning. Some 52% of employees have left a role due to a lack of training and advancement opportunities, and 86% said that they’d stay with their current employer if training opportunities were available. About 35% of human resources professionals say that training existing employees to take on hard-to-fill positions is a top-utilized recruitment strategy.
- About 75% of organizations surveyed for The Harvard Business School's The State of Leadership Development Report rated their leadership development programs as not very effective. Only 18% of organizations said that their leaders are “very effective” at meeting business goals. Just 19% of organizations said that they are “very effective” at developing leaders at all levels.
- About 90% of global executives plan to either increase or keep steady their investment in learning and development, including upskilling and reskilling, according to the LinkedIn Executive Confidence Index. Companies with strong learning cultures see higher rates of retention, more internal mobility, and a healthier management pipeline compared to those with smaller levels of commitment, according to LinkedIn researchers.
- Professional and management development training industry sales are forecast to grow at a 2.96% compounded annual rate from 2025 to 2029, slower than the growth of the overall economy, according to Inforum and the Interindustry Economic Research Fund, Inc. Professional and management development training industry employment was unchanged during the first three months of 2025, according to the US Bureau of Labor Statistics.
Industry Revenue
Professional and Management Development Training
Industry Structure
Industry size & Structure
The average professional and management development training company operates out of a single location, employs about 8 workers, and generates $1.8 million annually.
- The professional and management development training industry consists of over 7,700 firms that employ about 62,800 workers and generate over $13.7 billion annually.
- The industry is fragmented with the top 50 companies accounting for about 30% of industry revenue.
- Firms that generate less than $1 million account for almost 45% of the industry. Firms that generate $10 million or more account for more than 38% of the industry revenue
- The industry includes a broad range of players, from multinational firms that serve Fortune 500 companies to executive coaches that work one-on-one with clients.
- Large firms include Dale Carnegie, Skillsoft, and Franklin Covey. The Federal Executive Institute (FEI) within the US Office of Personnel Management (OPM) is a government organization that provides leadership development programs for government agencies.
- About 20% of firms are tax-exempt organizations. About 4% of establishments are franchises.
Industry Forecast
Industry Forecast
Professional and Management Development Training Industry Growth
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