Master’s Degrees And Industry Trends – Today more institutions than ever are looking to increase their undergraduate enrollment. Whether it’s to redistribute income, recoup losses from the decline of traditional undergraduate education, pursue a mission to drive economic growth, or serve working adults, nearly every type of institution is planning to double this year.
But the graduate market has become more competitive than five years ago. The once booming enrollment has now reached a plateau.
Master’s Degrees And Industry Trends
Every year since 2013, the National Center for Education Statistics (NCES) has lowered graduation expectations. It develops almost continuously over the next 10 years.
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Many institutions will have to adjust their expectations of what is possible in this situation. With growing revenues, it will be important to plan the right strategies for the coming years and to understand these trends and where growth is – and isn’t -.
Prior to 2011, all major fields of study experienced positive growth, at approximately 5% per year. However, this same growth pattern ended after 2011 as the growth pattern diverged.
Master’s degrees in health professions and computer science have increased, with nearly 80K awarded between 2011 and 2018. There has been a steady increase in specializations in business, engineering, and public administration, and there has been an overall increase in psychology.
Education and MBA programs, which offer the highest master’s degrees and the largest third degree, saw a significant decline, losing more than 48K awards.
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Although the overall degree market grew between 2011 and 2018, most of this growth occurred in only a few programs that are also among the most expensive to develop and administer.
Computer science, health professions, engineering and specialty business areas require capital to hire faculty and develop important facilities.
As fewer students enroll in fewer fields, it is important for institutions to carefully consider their graduation strategies.
Understanding the motivations and preferences of key learners is critical to building an effective growth strategy in a crowded, competitive market. Learn how you can capture the attention of tomorrow’s students.
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In today’s competitive marketplace, institutions are hungry for strategies that help strengthen their foundations and advance the mission of the university in the 21st century. Check out this must-have website to learn how to bake.
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The Global Research Collaborative is designed to help higher education leaders respond to their greatest challenges and advance their strategies by providing comprehensive access to experts and a library of solutions.
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