[Ranking] TOP 25 Test Preparation / Education Companies Q3/2023
Intro
Test preparation is a crucial sub-industry within the broader field of education, playing a vital role in shaping the academic and professional futures of millions of individuals worldwide. With the increasing importance placed on standardized testing for admission into schools and universities, as well as for career advancement, the test preparation industry has become a significant player in the global economy.
The influence of the test preparation industry extends far beyond the realms of education. As the performance on standardized tests often determines access to higher education and job opportunities, the success or failure of individuals in these tests can have ripple effects across diverse sectors, impacting economies and social mobility.
The economic magnitude of the test preparation industry is staggering, with a steady upward trajectory. As more individuals seek to enhance their academic and professional prospects, the demand for high-quality test preparation services continues to grow. This has led to the emergence of several top companies in the industry that cater to this demand, leveraging innovative approaches and technologies to help individuals achieve their desired test scores.
Recent trends in the test preparation industry include the increasing adoption of online learning platforms, personalized study plans, and adaptive learning technologies. These advancements have revolutionized the way individuals prepare for tests, making it more convenient, accessible, and effective. However, the industry also faces challenges such as maintaining the integrity and security of standardized tests in the digital age.
The landscape of the test preparation industry is constantly evolving, driven by advancements in technology, changes in testing formats, and evolving educational policies. To navigate this dynamic industry, it is essential to identify the top companies that are at the forefront of innovation and excellence in test preparation. These companies not only provide comprehensive study resources but also offer valuable insights and strategies to help individuals succeed in their test-taking endeavors.
Ranking
#25 Educational Development Corporation
Employees: 0.1K
Revenue: 30M$
Website: https://www.edcpub.com
Description: Educational Development Corporation (EDC) is a leading player in the Test Preparation industry, providing educational materials and resources. Headquartered in Tulsa, United States, EDC was founded in 1978. With approximately 100 employees, the company offers a wide range of test preparation products, including books, flashcards, and interactive online courses. EDC's commitment to quality and innovation has made it a trusted name in the education sector. The company's revenue stands at 30 million USD, reflecting its strong market presence and customer satisfaction. EDC continues to expand its offerings and leverage technology to enhance the learning experience for students preparing for various exams.
#24 GSV Capital
Employees: 0.1K
Revenue: 50M$
Website: https://www.gsvcap.com/
Description: GSV Capital operates in the Test Preparation industry, a sector within the broader Education industry. Based in Menlo Park, United States, GSV Capital focuses on investing in high-growth, venture-backed companies that are transforming the education landscape. The company was founded in 2011 and has a team of approximately 100 employees. GSV Capital aims to provide growth capital to innovative companies in the education sector, supporting their expansion and development. With a revenue of 50 million dollars, GSV Capital plays a pivotal role in shaping the future of education through its strategic investments and partnerships.
#23 Edmentum
Employees: 1.6K
Revenue: 200M$
Website: https://www.edmentum.com
Description: Edmentum, headquartered in Bloomington, United States, is a leading company in the Test Preparation industry. Founded in 1960, the company has a workforce of approximately 1.6K employees. With a revenue of 200M$, Edmentum offers a wide range of test preparation solutions for students and educators. Their innovative educational software and personalized learning platforms cater to diverse learning needs. Edmentum's comprehensive test preparation programs help students improve their academic performance and achieve success in standardized tests. The company's commitment to providing high-quality educational resources has made them a trusted name in the field of test preparation. Through their website, https://www.edmentum.com, Edmentum continues to empower students and educators with effective test preparation tools and resources.
#22 Chegg
Employees: 1.5K
Revenue: 200M$
Website: https://www.chegg.com
Description: Chegg, headquartered in Santa Clara, California, is a leading company in the Test Preparation industry. Founded in 2005, Chegg provides a wide range of educational services and resources to help students prepare for exams. With approximately 1.5 thousand employees, Chegg offers online tutoring, study guides, textbook rentals, and other resources to assist students in achieving academic success. The company's website, https://www.chegg.com, serves as a platform where students can access various test preparation materials and connect with expert tutors. With an estimated revenue of 200 million dollars, Chegg continues to innovate and support students in their educational journey.
#21 The Princeton Review
Employees: 1.5K
Revenue: 250M$
Website: https://www.princetonreview.com/
Description: The Princeton Review is a leading test preparation company based in New York, United States. Founded in 1981, the company offers a wide range of test preparation services for students preparing for standardized exams such as SAT, ACT, GRE, and GMAT. Their comprehensive programs include in-person and online classes, private tutoring, and self-paced study materials. The Princeton Review has a team of approximately 1.5K employees dedicated to providing high-quality test preparation resources and personalized guidance to help students achieve their academic goals. With an annual revenue of 250M$, the company has established itself as a trusted name in the education industry and continues to assist students in improving their test scores and gaining admission to their desired colleges and universities.
#20 Strayer Education
Employees: 2K
Revenue: 500M$
Website: https://www.strayer.edu
Description: Strayer Education is a leading company in the Test Preparation industry. With its headquarters in Herndon, United States, the company has been providing high-quality education services since its founding in 1892. Strayer Education employs approximately 2,000 dedicated professionals who are committed to helping students succeed in their academic pursuits. The company offers a wide range of test preparation programs, including SAT, ACT, GRE, and GMAT, to help students prepare for standardized exams and achieve their desired scores. Strayer Education's revenue stands at an impressive 500 million dollars, reflecting its strong presence and success in the industry.
#19 Educational Testing Service
Employees: 3K
Revenue: 500M$
Website: https://www.ets.org
Description: Educational Testing Service (ETS) is a prominent player in the Test Preparation industry. Headquartered in Princeton, United States, ETS has been operating since 1947. With a workforce of approximately 3,000 employees, the company focuses on providing educational assessment and testing solutions. ETS offers a wide range of products and services to support test takers, educators, and institutions, including the development and administration of standardized tests, such as the GRE, TOEFL, and Praxis exams. ETS also conducts research and develops innovative assessment tools to improve educational outcomes. With an annual revenue of around 500 million dollars, ETS continues to play a vital role in the education sector by helping individuals and institutions measure and enhance academic performance.
#18 Sylvan Learning
Employees: 5K
Revenue: 500M$
Website: https://www.sylvanlearning.com
Description: Sylvan Learning is a leading educational service provider in the Test Preparation industry. Headquartered in Baltimore, United States, the company was founded in 1979. With a team of approximately 5,000 employees, Sylvan Learning offers a wide range of test preparation services to help students excel in various exams. The company's website, https://www.sylvanlearning.com, provides detailed information about their programs and services. Sylvan Learning has established itself as a trusted name in the education sector, assisting students in achieving their academic goals and improving their test performance. With an annual revenue of 500 million dollars, Sylvan Learning continues to make a significant impact in the field of test preparation.
#17 Ambow Education
Employees: 10K
Revenue: 500M$
Website: https://www.ambow.com
Description: Ambow Education is a leading provider of test preparation services in China. Headquartered in Beijing, the company offers a wide range of educational programs and services to help students excel in their academic pursuits. Ambow Education was founded in 2008 and has grown to become a trusted name in the education industry. With a team of approximately 10,000 employees, the company is dedicated to providing high-quality test preparation materials and resources to students across China. Ambow Education's revenue is estimated to be around 500 million dollars, reflecting its strong presence and success in the test preparation market.
#16 Grand Canyon Education
Employees: 10K
Revenue: 1B$
Website: https://www.gcu.edu/
Description: Grand Canyon Education is a leading company in the Test Preparation industry, operating primarily in North America. Headquartered in Phoenix, United States, the company was founded in 1949. With a workforce of 10,000 employees, Grand Canyon Education offers a wide range of educational services and resources to help students prepare for various tests. The company's website, https://www.gcu.edu/, provides comprehensive information about their test preparation programs and resources. Grand Canyon Education has achieved impressive financial success, with annual revenues reaching 1 billion dollars. Through their dedication to education and commitment to student success, Grand Canyon Education continues to make a significant impact in the Test Preparation industry.
#15 Kaplan
Employees: 10K
Revenue: 1B$
Website: https://www.kaptest.com/
Description: Kaplan is a leading provider of test preparation services in the education industry. Headquartered in New York, United States, Kaplan offers a wide range of test preparation courses and materials for various exams, including standardized tests such as the SAT, ACT, GMAT, and GRE. With a history dating back to 1938, the company has established itself as a trusted name in the industry, helping students achieve their academic goals. With approximately 10,000 employees, Kaplan operates in North America and serves students globally through its online platforms and physical learning centers. The company generates an annual revenue of 1 billion dollars, making it a key player in the test preparation market.
#14 Houghton Mifflin Harcourt
Employees: 4.5K
Revenue: 1.1B$
Website: https://www.hmhco.com/
Description: Houghton Mifflin Harcourt, headquartered in Boston, United States, is a leading provider of educational content, services, and technology solutions in the test preparation industry. The company was founded in 1832 and has a workforce of approximately 4.5 thousand employees. With annual revenue of 1.1 billion dollars, Houghton Mifflin Harcourt offers a wide range of test preparation materials, including textbooks, online courses, and interactive learning platforms, catering to students, teachers, and educational institutions. Their comprehensive test preparation resources aim to help students excel in various standardized tests, such as SAT, ACT, and GRE, by providing engaging and effective learning experiences. Through their innovative solutions, Houghton Mifflin Harcourt contributes to the advancement of education and the success of students worldwide.
#13 Career Education Corporation
Employees: 5K
Revenue: 1.2B$
Website: https://www.careered.com
Description: Career Education Corporation is a leading provider of postsecondary education programs in various career-oriented disciplines, including business, healthcare, technology, and culinary arts. With its headquarters in Schaumburg, Illinois, United States, the company operates in the Test Preparation industry, a sector within the broader Education industry. Since its founding in 1994, Career Education Corporation has grown to employ approximately 5,000 employees worldwide, offering a range of degree and non-degree programs through its colleges, universities, and schools. The company generates an estimated annual revenue of 1.2 billion US dollars, showcasing its significant presence and success in the education market.
#12 K12 Inc.
Employees: 4.5K
Revenue: 1.2B$
Website: https://www.k12.com
Description: K12 Inc. is a leading provider of test preparation services in the education industry. Headquartered in Herndon, United States, the company was founded in 2000. With a workforce of 4.5K employees, K12 Inc. offers a wide range of test preparation programs and resources to students of all ages. The company's website, https://www.k12.com, provides access to online courses, practice tests, study materials, and personalized tutoring services. K12 Inc. has established itself as a trusted name in the industry, helping students achieve academic success and improve their test scores. With a revenue of 1.2B$, the company continues to expand its reach and make a positive impact in the field of test preparation.
#11 Adtalem Global Education
Employees: 10K
Revenue: 1.5B$
Website: https://www.adtalem.com
Description: Adtalem Global Education is a leading global education provider operating in the Test Preparation industry. Headquartered in Chicago, United States, the company offers a range of educational programs and services to prepare students for various standardized tests, including entrance exams for higher education institutions and professional certifications. With a history dating back to 1973, Adtalem Global Education has established itself as a trusted name in the industry, delivering high-quality test preparation resources and personalized learning experiences. The company's diverse portfolio of educational institutions and online platforms cater to the needs of students seeking to enhance their academic performance and career prospects. Adtalem Global Education's commitment to innovation and student success has positioned it as a key player in the Test Preparation industry, empowering individuals worldwide to achieve their educational goals.
#10 McGraw-Hill Education
Employees: 4K
Revenue: 1.5B$
Website: https://www.mheducation.com
Description: McGraw-Hill Education is a leading company in the Test Preparation industry. Headquartered in New York City, United States, the company was founded in 1888. With a workforce of approximately 4,000 employees, McGraw-Hill Education offers a wide range of educational resources and services to help students prepare for various tests. Their test preparation materials cover a diverse range of subjects and exams, including standardized tests like the SAT, ACT, and GRE, as well as professional certification exams. McGraw-Hill Education's website provides access to study guides, practice tests, interactive learning tools, and other resources to support students in their exam preparation. With annual revenue of around 1.5 billion dollars, the company continues to be a trusted and influential player in the Test Preparation industry.
#9 Scholastic
Employees: 8.5K
Revenue: 1.6B$
Website: https://www.scholastic.com/
Description: Scholastic is a leading company in the Test Preparation industry, operating primarily in North America. Headquartered in New York, United States, the company was founded in 1920. With a team of approximately 8,500 employees, Scholastic focuses on providing educational resources and materials for test preparation, ensuring students have the necessary tools to succeed. The company offers a wide range of products and services, including practice exams, study guides, online courses, and tutoring programs. Scholastic's dedication to quality education and innovative solutions has contributed to its annual revenue of around 1.6 billion dollars. Through its website and various distribution channels, Scholastic continues to play a vital role in helping students achieve their academic goals.
#8 Wiley
Employees: 5.5K
Revenue: 1.8B$
Website: https://www.wiley.com/en-us/test-preparation
Description: Wiley is a leading company in the Test Preparation industry. Headquartered in Hoboken, United States, Wiley offers a wide range of educational resources and materials to help students prepare for various tests and exams. With a history dating back to 1807, Wiley has established itself as a trusted provider of test preparation solutions. The company employs approximately 5.5 thousand employees who are dedicated to developing high-quality study materials, practice tests, and online learning platforms. Wiley generates an annual revenue of 1.8 billion dollars, demonstrating its strong presence and success in the test preparation market.
#7 Cengage Learning
Employees: 5.5K
Revenue: 1.8B$
Website: https://www.cengage.com
Description: Cengage Learning is a leading provider of test preparation materials in the education industry. With headquarters in Boston, United States, the company has been operating since 2007. Cengage Learning offers a wide range of test preparation products and services to help students prepare for various exams. These include study guides, practice tests, online courses, and interactive learning tools. The company's website serves as a platform where students can access these resources and track their progress. With a workforce of approximately 5,500 employees, Cengage Learning is dedicated to helping students succeed in their educational pursuits. In 2020, the company generated revenue of 1.8 billion US dollars.
#6 New Oriental Education & Technology Group
Employees: 50K
Revenue: 2B$
Website: https://www.neworiental.org
Description: New Oriental Education & Technology Group is a leading company in the test preparation industry. Based in Beijing, China, the company has been providing educational services since its founding in 1993. With a workforce of approximately 50,000 employees, New Oriental Education & Technology Group offers a wide range of test preparation courses and services to students across China and other parts of Asia. The company's revenue stands at 2 billion US dollars, making it one of the largest players in the industry. Through its website, students can access valuable resources, study materials, and online learning platforms to enhance their test performance and academic success.
#5 John Wiley & Sons
Employees: 4K
Revenue: 2B$
Website: https://www.wiley.com/
Description: John Wiley & Sons is a leading company in the Test Preparation industry, operating in the education sector. Headquartered in Hoboken, United States, the company provides a wide range of educational products and services to help students prepare for various tests and exams. With a history dating back to 1807, Wiley has established itself as a trusted source for test preparation materials, including study guides, practice tests, and online courses. The company's products cater to students of all levels, from high school to professional certifications. Wiley's dedication to quality and innovation has made it a reputable name in the education industry, supporting students worldwide in achieving their academic and career goals.
#4 Bright Horizons Family Solutions
Employees: 30K
Revenue: 2.5B$
Website: https://www.brighthorizons.com/
Description: Bright Horizons Family Solutions is a leading provider of educational services in the test preparation industry. Headquartered in Watertown, United States, the company has been operating since 1986. With a workforce of approximately 30,000 employees, Bright Horizons offers a wide range of test preparation programs and resources to students of all ages. The company's comprehensive test prep solutions include personalized tutoring, online courses, practice exams, and study materials. Bright Horizons' commitment to quality education and innovative teaching methods have made it a trusted name in the industry. The company's annual revenue stands at around 2.5 billion dollars, reflecting its strong presence and success in the test preparation market.
#3 TAL Education Group
Employees: 86K
Revenue: 4.2B$
Website: https://www.tal.com
Description: TAL Education Group is a leading education company in China that focuses on providing test preparation services. Founded in 2003 and headquartered in Beijing, TAL offers a wide range of educational programs and services to students of all ages. With a team of approximately 86,000 employees, TAL is dedicated to helping students achieve academic success through its innovative teaching methods and comprehensive curriculum. The company's revenue reached 4.2 billion dollars, demonstrating its strong presence in the test preparation industry. TAL Education Group continues to expand its offerings and enhance its teaching resources to deliver high-quality education to students across China.
#2 Laureate Education
Employees: 65K
Revenue: 4.2B$
Website: https://www.laureate.net
Description: Laureate Education is a global network of degree-granting higher education institutions focused on providing quality education to students around the world. With its headquarters in Baltimore, United States, Laureate Education operates in the Test Preparation industry. The company was founded in 1989 and currently employs approximately 65,000 individuals. As of its last reported revenue, Laureate Education generated 4.2 billion US dollars. Through its various institutions, Laureate Education offers test preparation services to help students enhance their academic performance and achieve their educational goals.
#1 Pearson
Employees: 32K
Revenue: 4.8B$
Website: https://www.pearson.com/
Description: Pearson, headquartered in London, United Kingdom, is a leading company in the test preparation industry. Founded in 1844, the company has a workforce of approximately 32,000 employees. With a revenue of 4.8 billion dollars, Pearson offers a wide range of test preparation services and resources to help students and professionals prepare for various exams. Their comprehensive test preparation materials cover subjects such as language proficiency, college admissions, professional certifications, and more. Through their online platforms and educational resources, Pearson aims to empower learners worldwide to achieve their academic and career goals.
Summary
The test preparation industry is highly competitive, with several top companies vying for market dominance. According to our analysis, the top companies in this sub-industry include Kaplan, The Princeton Review, and Manhattan Prep. These companies have consistently ranked among the best in terms of revenue, customer satisfaction, and brand recognition.
One unexpected finding from our investigation is the significant growth of online test preparation platforms. These platforms, such as Magoosh and PrepScholar, have gained popularity due to their convenience and affordability. They have disrupted the traditional test preparation market by offering flexible study options and personalized learning experiences.
Kaplan, founded in 1938, is one of the oldest and most well-known test preparation companies. It offers a wide range of test preparation services, including courses for standardized tests like the SAT and GRE, as well as professional licensing exams. The Princeton Review, established in 1981, is another prominent player in the industry. It provides comprehensive test preparation courses and tutoring services for various exams. Manhattan Prep, founded in 2000, specializes in GMAT and GRE preparation and is highly regarded for its rigorous curriculum and experienced instructors.
One shared element among these leading companies is their focus on delivering high-quality content and resources. They invest heavily in research and development to ensure their study materials align with the latest exam formats and requirements. Additionally, these companies prioritize personalized learning experiences, offering customized study plans and one-on-one tutoring to meet individual student needs.
What sets these eminent companies apart from their rivals is their commitment to innovation. They constantly adapt to the evolving test preparation landscape, incorporating new technologies and teaching methods into their courses. Moreover, these companies have built strong brand reputations through their track record of helping students achieve remarkable results. Their success stories and testimonials attract new customers and reinforce their position as industry leaders.