Business Certification & IT Schools

The Business Certification and IT Schools industry provides online and in-person vocational and technical training courses. According to data from the National Center for Education Statistics, the number of certificates conferred in business and IT has gradually increased from 133,163 certificates in the 2017-18 academic year to 147,346 certificates in the 2019-20 academic year (latest data available). After demand increased early in the current period, the COVID-19 (coronavirus) pandemic squashed recent gains. Student enrollment in certificate programs fell dramatically. The recovery in job markets after 2020 contributes to suppressed demand for industry services, due to the higher opportunity cost of school, and is marked by an expected 1.7% decrease in 2022 industry revenue.