Issue 7 of the Security Driver Journal
In 2020, ISDA conducted a survey on Executive Protection and Security Driver Training.
Our goals were to determine the dollar value of the market for this type of training and to collect metrics on what motivates potential students to attend one program over another. For example, how they funded their training and how many training programs they had participated in their career, and to gather data on the use of GI Bill benefits to attend training.
A link to the 2020 report is available in the Index below.
One data point we examined was the number of practitioners who used their GI Bill benefits to attend training and how much GI Bill money went to training providers.
Our research collected interesting information by looking at a government site that gathered data on Executive Protection Training schools offering the Post-9/11 GI Bill.
The data was from 2018, and we found that out of the eight programs that offered the GI Bill, three recorded no students and no income.
The other five recorded $5,181,311 of revenue from 381 students, averaging $13,599 per student.
Revisiting the GI Bill data in 2022
We decided to revisit the GI Bill benefits website and found four providers that accepted the GI Bill as payment for Fiscal Year 2022.
Of those four providers, they trained 448 students and received $6,318,2299 from the government for student tuition.
There was a 22% increase in tuition paid and a 47% increase in students compared to 2020. In 2022, we estimated that the financial size of the EP Training market is considerable.
|GI Bill EP Training FY 2022||Income||Students||Inc/Student|
The question becomes: is there a market for those students?
Considering that GI Bill student graduates are just a tiny subset of the larger EP training community (in 2020, we found more than 75 EP training providers around the globe without really trying), is there a real market for these students?
Data from our 2020 survey indicated that 63% of students did not find full-time employment as EP agents.
We also asked if any training providers had contacted the students after the program(s), and approximately 79% of the students said yes.
However, this communication’s value is questionable if it is only for selling more training.
Therefore, we suggest that students look for training providers who regularly provide actionable educational information before and after training, as this enhances word-of-mouth and the provider’s reputation.
- Data results with commentary – an excerpt of the EPST Magazine Spring 2021 (PDF)
- The EP Career Success Roadmap checklist offers valuable resources and information to help plan your career in EP (PDF).
- GI Bill School Comparison Tool