- This topic has 3 replies, 3 voices, and was last updated 1 week, 1 day ago by
.
-
Posts
-
-
College costs, tuition and otherwise are soaring. Entry level jobs are vanishing, and those that remain don’t require a college degree. There are fewer large companies (when I got out of college, there were 10,000 public companies, it grew to about 14,000, today it is about 5,500, thanks to Enron and Arthur Andersen’s failure and ultimately the Sarbanes Oxley act which doubled audit requirements).
The college lifecycle is no longer as relevant. Half of all college degrees are essentially worthless. Parents and students are finding trade schools to be both cheaper and more financially rewarding. And that doesn’t even account for the fact that they are living in political fantasylands.
The estimate is that 20% to 25% of all colleges will close in the next 5-10 years. There are 23 CSUs, and more than half are under financial duress. There are 2,661 four-year colleges in the United States, which is down from the peak of 3,039 in the 2013/2014 school year…so more than 13% are already out of business.
Fast Facts: Educational institutions (1122)
I wouldn’t bet against that number dropping under 2,000 in the next decade.
US colleges could vanish faster than expected as a transformation accelerates
-
Welcome to Universal University – one of my more insightful blog posts, if I do say so myself.
On my latest commute to South Pasadena, the Uber driver, a young guy under 30, told me he was leaving Uber at the end of the month to take a job in Texas flying drones over a wind farm, at about $20,000 a month. He learned the skills necessary completely on line.
Of course that was not all. He had to pass a credentialing test, and there is the rub. Remove diploma, and you are going to have to have some really serious objective examinations in their place. Age, gender, race considerations will not apply, as the exams will be online and completely objective.
I wouldn't give you two cents for all your fancy rules if, behind them, they didn't have a little bit of plain, ordinary, everyday kindness - yeah, and a little looking out for the other fella, too.
-
Welcome to Universal University – one of my more insightful blog posts, if I do say so myself. On my latest commute to South Pasadena, the Uber driver, a young guy under 30, told me he was leaving Uber at the end of the month to take a job in Texas flying drones over a wind farm, at about $20,000 a month. He learned the skills necessary completely on line. Of course that was not all. He had to pass a credentialing test, and there is the rub. Remove diploma, and you are going to have to have some really serious objective examinations in their place. Age, gender, race considerations will not apply, as the exams will be online and completely objective.
Very impressive, GR.
I took marketing courses at Northwestern in 2012. Easily the best class was taught by Prof. Mohanbir Sawhney. Exceptional instructor. IIT grad, also Penn M.A. and PhD. He had essentially the same take that you did. He said that the first Top 20 University that understands that they could reach 1000x more students via digital lecture will “win” the war among the top universities.
-
Mohan was my very first Marketing prof! I walked into the class assuming it was going to be some warm & fuzzy stuff, and left after 110 minutes realizing that this dude with a EE degree was going to drive quantification behind everything.
Back to the core point, We are in a transformative time for education
-
- You must be logged in to reply to this topic.