Posts

Showing posts with the label U.S. university

College CFOs Increasingly Concerned about Sustainable Operations

Image
The 2013 Inside Higher ED Survey of College and University Business Officers surveyed 457 chief financial officers at universities and found less certainty about the sustainable future of higher education. The numbers aren’t dismal but do move into the realm of raising eyebrows and thinking of solutions. In particular, a lower percentage of CFO’s believe their organizations are financially sustainable and a higher percent are taking on debt to run operations.  -27% strongly agree that they are confident about the sustainability of their institutions financial model. -21% believe for-profit education (lower page of report) is sustainable while 51% believe elite schools are sustainable. -49% of polled officers have experienced increases in healthcare premiums. -92% say that retaining current students is a large part of their strategy. -45% believe that technology is or will help them reduce operating costs. -59% stated they were well informed about their jobs before t

OECD Reports on Canadian and U.S. Higher Education

According to a report by the Organization for Economic Co-operation and Development (OECD) Canada ranks first in percentage of educated citizens followed by the United States. Fifty percent of Canadians, forty-two percent Americans, and twenty-nine percent of the British have degrees. The Canadian population is one of the most educated among the 34 OECD and the nation s but at a higher cost.   Canada’s post-graduate degrees such as master’s degree or doctoral degrees lag behind Korea and Japan. Younger Korean and Japanese citizens are earning higher grades which mark a fundamental shift in where higher education is being centered. With young Asians pushing hard to achieve their goals they will become new sources of discovery and revenue. There is little doubt as to the association of education with economic activity.  The system found that those with higher degrees had about a 5% unemployment rate while those who didn’t had an 11.7%. This helps highlight the idea that educa