INDUSTRY OVERVIEW:
Young Adult Educational and Employment Outcomes by Family Socioeconomic Status shows that among 2009 ninth-graders, there was no measurable difference between high- and low-socioeconomic status (SES) students in the percentage who were employed in 2016 (62 vs. 64 percent), but the percentage who were enrolled in postsecondary education 7 years after being in ninth grade was 50 percentage points larger for high-SES students (78 percent) than for their low-SES peers (28 percent).
Postsecondary Outcomes for Nontraditional Undergraduate Students show that among students who started at public 2-year institutions in 2009, completion rates 8 years after entry were higher among full-time students (30 percent for first-time students and 38 percent for non-first-time students) than among part-time students (16 percent for first-time students and 21 percent for non-first-time students). Also at public 2-year institutions, transfer rates 8 years after entry were higher among non-first-time students (37 percent for part-time students and 30 percent for full-time students) than among first-time students (24 percent for both full-time and part-time students).
Preprimary, Elementary, and Secondary Education
In 2017, some 10 percent of children under the age of 18 lived in households without a parent who had completed high school, 26 percent lived in mother-only households, 8 percent lived in father-only households, and 18 percent were in families living in poverty.
Children’s Access to and Use of the Internet
The percentage of children ages 3 to 18 who had no internet access at home was lower in 2017 (14 percent) than in 2010 (21 percent). Among those who did not have home internet access in 2017, the two most commonly cited main reasons were that the family did not need it or was not interested in having it (43 percent) and that it was too expensive (34 percent).
Preschool and Kindergarten Enrollment
In 2017, the percentage of 3- to 5-year-olds enrolled in preschool programs was higher for children whose parents’ highest level of education was a graduate or professional degree (46 percent) or a bachelor’s degree (47 percent) than for children whose parents’ highest level of education was an associate’s degree (36 percent), some college but no degree (34 percent), a high school credential (33 percent), or less than a high school credential (26 percent).
Public School Enrollment
Between fall 2016 and fall 2028, total public school enrollment in prekindergarten through grade 12 is projected to increase by 2 percent (from 50.6 million to 51.4 million students), with changes across states ranging from an increase of 23 percent in the District of Columbia to a decrease of 12 percent in Connecticut.
Public Charter School Enrollment
Between fall 2000 and fall 2016, overall public charter school enrollment increased from 0.4 million to 3.0 million. During this period, the percentage of public school students who attended charter schools increased from 1 to 6 percent. Private School Enrollment In fall 2015, some 5.8 million students (10.2 percent of all elementary and secondary students) were enrolled in private elementary and secondary schools. Thirty-six percent of private school students were enrolled in Catholic schools, 39 percent were enrolled in other religiously affiliated schools, and 24 percent were enrolled in nonsectarian schools.
English Language Learners in Public Schools
The percentage of public-school students in the United States who were English language learners (ELLs) was higher in fall 2016 (9.6 percent, or 4.9 million students) than in fall 2000 (8.1 percent, or 3.8 million students). In fall 2016, the percentage of public school students who were ELLs ranged from 0.9 percent in West Virginia to 20.2 percent in California.
Children and Youth With Disabilities
In 2017–18, the number of students ages 3–21 who received special education services under the Individuals with Disabilities Education Act (IDEA) was 7.0 million, or 14 percent of all public school students. Among students receiving special education services, 34 percent had specific learning disabilities.
Institutions in this industry provide instruction and training to students enrolled in elementary through high schools, colleges and universities, and training centers that offer industrial, professional, and vocational programs. Institutions include public, private, and nonprofit as well as for-profit businesses.
The states with the largest school districts in the US include Texas, California, and Ohio. Major US private universities include as Duke, Harvard, Johns Hopkins, and New York University; leading institutions outside of the US include the universities of Cambridge and Oxford, both located in the UK. Top for-profit education companies include Adtalem Global Education, Apollo Education Group, Perdoceo Education Corporation, and Purdue University Global, and Stride Inc (all based in the US); as well as Benesse Holdings (Japan), New Oriental Education & Technology Group (China), and NIIT Limited (India).
Global demand for education services is growing as nations seek to educate their workforce and expand workers’ vocational and technological skills. A shortage of teachers is impacting education in many countries, especially in developing nations, according to the United Nations (UN).
The education sector in the US includes about 77,000 institutions and schools with total revenue of about $65 billion.
Separate industry profiles about Public Schools, Private Schools, Colleges & Universities, Community Colleges, and Education & Training Services provide more detailed coverage of these industries.
PROFILE IS PROVIDED COURTESY OF USDOE – CLICK HERE FOR FULL PROFILE BY US DEPARTMENT OF EDUCATION
Sources: https://nces.ed.gov/pubs2019/2019144.pdf
www.dnb.com
The average public school teacher salary in the US was about $60,000 in 2020-2021, according to the data from the Department of Education’s National Center for Education Statistics (NCES). The average pay for college professors in the US was about $65,000 per year, according to Indeed.
The US education sector’s turnover rate is significantly lower than the national average. The injury rate for the education sector is moderately lower than the average for all US industries.
Regional & International Issues
Global demand for education services is growing as nations strive to educate their workforce and teach workers vocational and technological skills. Most countries have a system of public schools that at least provides primary education. Leading postsecondary institutions based outside of the US include the universities of Cambridge and Oxford (both located in the UK), as well as the University of Tokyo and the University of Toronto. Major international for-profit education companies include Berlitz International (owned by Japan-based Benesse); Navitas (Australia); New Oriental Education & Technology Group (China); and NIIT Limited (India).
The novel coronavirus pandemic compelled a significant change in the usual school operations. Communities under lockdown or quarantine for public health safety caused temporary class suspension. Several considerations have been made to accommodate the need for education during the pandemic situation, such as distance or remote learning. Some institutions received funds under the Higher Education Emergency Relief Fund (HEERF), as established by Section 18004 of the Coronavirus Aid, Relief and Economic Security (CARES) Act.
A worldwide shortage of teachers, especially in developing nations but also impacting wealthier countries, has had a significant impact on education services in many countries. Globally, about 70 million new teachers are needed to reach 2030 goals, according to the United Nations Educational, Scientific and cultural Organization. Regions with the largest shortfall of teachers include Africa and the Middle East.
The high cost of education makes it difficult for developing nations to attract, train, and retain teaching staff. The estimated national average of teacher salary for the 2022-2023 school year is about $65,000, based on the annual report of National Education Association (NEA). Teacher compensation represents at least half of the government expenditure on all levels of education, according to UNESCO. The organization estimates that 250 million children, adolescents, and youth are not attending school. Sub-Saharan Africa has the highest out-of-school rates for all age groups as well as the highest rate of exclusion. UNESCO reports success from education reforms in other regions, but an overall lack of progress is attributed to high population growth in Africa and declines in global education aid. Other UNESCO education goals include promoting literacy and reducing education inequalities among ethnic minorities, women, and disadvantaged populations.
Youth unemployment is another demand driver for education services, as young people are disproportionately impacted by a lack of education compared to older, most established workers. The COVID-19 pandemic has contributed significantly to the number of unemployment among youth. Globally, there are more than 64 million unemployed youth and 145 million young workers living in poverty, according to S4YE’s webinar. Meanwhile, the number of young people who are in neither employment nor education and training has decreased slightly in 2020, according to the 2023 statistical report of the International Labour Organization (ILO).
Companies that offer career training and certification courses may find growth opportunities in Europe. The vocational education and training (VET) tradition is well-established in the region, especially in Austria and Germany, according to the OECD. VET courses are set up as a public-private partnership with companies that provide the hands on training to help students transition from the classroom to the workplace. These programs benefit from the joint interests of employers, trade unions, and schools to create a well-trained and educated workforce.
US public school salaries for teachers vary by state and account for most of the variation in spending per student across the country. In 2022, places with the highest spending per student in public primary and secondary schools in recent years were New York, the District of Columbia,?Vermont, New Jersey, and Massachusetts. Meanwhile, states with the lowest spending were?Arizona,?Missouri, Mississippi, Utah, and Idaho, according to Statista. Public and private K-12 schools, colleges, and universities are distributed according to population density, with the highest concentrations found in?California,?New York,?Texas,?Florida, and?Illinois.
Education and training services are particularly prevalent in California, New York, Florida, and Texas. About 1.5 million Californians enrolled in career and technical education (CTE) courses, about 640,000 were in secondary enrollment, and about 930,000 were in postsecondary, according to the data of Advance CTE. States with the highest per-capita CTE enrollment rates include North Carolina, Mississippi, Nebraska, and Washington. Per-capita enrollment is weakest in Washington, DC; Pennsylvania; Maine; and Vermont.
In the US, the number of kindergarten to Grade 12 enrollment reached about 53.7 million in 2022; about 47 million of which were in public schools, and about 6.7 million in private schools. The college enrollment in 2022 is about 16.5 million; about 12.7 million of which were in public colleges.
K-12 public and private schools provide age-appropriate instruction in a variety of subjects and skills, which are aligned in a set curriculum for each grade. Community colleges, four-year colleges, and universities provide educational instruction in degree- or certification-granting programs in many disciplines. For-profit educational institutions offer programs that may take one or two years to complete in highly specific career paths such as nursing, culinary arts, or computer-aided drafting. Professional training companies offer short courses resulting in certification in a job-specific skill, such as computer programming.
The US education sector gets their revenue from trade, career, technical and professional development, which account for about 35%, followed by leisure, recreational, and athletic instruction (20%) and educational support and consulting services (20%). Other revenue sources include private contributions, gifts, and grants; academic tutoring and customized learning programs; and basic education and skills programs.
Most public schools and universities have oversight from a board made up of community representatives or industry advisers. Members are appointed by public vote or governing bodies, and the boards are often responsible for broad policy decision-making and fundraising efforts.
Technology
Distance learning has gained popularity over the years, and together with it is online education as a mode of learning. With Internet and devices like computer, laptop, and mobile phones, students can access a variety of learning materials and teachers can conduct online sessions as well. Many public schools include computer lab time and training, and some schools use tablets and other electronic devices in classrooms daily. Maintaining efficient information and communication technology (ICT) infrastructures becomes an essential part of the usual school operations. Moreover, the global online education industry is expected to reach about $175 billion by 2030, according to SkyQuest.
Colleges and universities also use computer systems for administrative and communication functions, which allow the students to complete applications, enroll in courses, acquire classroom materials, review recorded lectures, and converse with teachers and administrators through a campus-wide network. Public school districts have adopted administrative technology systems to manage enrollment, student schedules, assignments, and grades, as well as parent communications. Private primary and secondary schools often spend heavily on classroom and administrative technologies to attract new enrollees.
Competitive Landscape
Funding-related challenges have a major bearing on competition at every level of the education sector. Public K-12 school districts are vulnerable to state budget cuts, declines in local property tax revenue, and increasing federal support for alternatives to traditional public schools. Sharp declines in enrollment, caused in part by rising tuition costs, are stifling revenue growth at many colleges and universities. Career and technical education providers are benefiting from growing community investment in vocational training, but tighter government regulation of for-profit trade schools has forced several institutions to close in recent years. Regulations regarding public health safety, such as community lockdown due to pandemics, can also impact the school operations.
Improved data-tracking methods and other technology advancements are helping education providers better meet the needs of individual students. Universities and private-sector education companies are improving their online course offerings with features that make distance learning more accessible and interactive. Student interest in studying abroad remains strong, and international students are attending American schools at higher rates.
Charter, magnet, and private K-12 schools market themselves to families of students who would otherwise attend traditional public schools. Education and training service companies compete with traditional community colleges and four-year bachelor’s degree programs, as well as a growing number of consumer products that are making it easier to learn at home. Large educational institutions can benefit from government support and significant endowments. Smaller institutions can compete by specializing or providing superior service.
Competitive Advantages:
School Choice — The federal government and several states in the US are showing increasing support for alternatives to traditional public K-12 education, such as private, charter, magnet, and virtual schools. School choice policies generally allow families to use their child’s share of state education dollars — in the form of vouchers, tax credits, or education savings accounts — to cover some or all of the costs of attending alternative institutions. Public school districts may be vulnerable to funding cuts if they lose a significant number of students to competing institutions.
Tuition Costs — Rising tuition prices are curbing enrollment growth at colleges and private K-12 schools as prospective students become more price-sensitive. Reducing tuition and student fees and increasing financial aid awards have helped some institutions improve affordability and stem enrollment declines.
Meeting Job Market Demand — Colleges, universities, and for-profit education providers update their course offerings and curriculums to align with hiring trends. Institutions that provide degrees and certifications for occupations such as data analysts, medical assistants, and health information technology professionals, for example, are benefiting from rising demand for workers in those fields.
Instructional Technology — Educational institutions can appeal to students and increase enrollment by offering online courses with a range of modern education technology tools. Some providers offer blended classes that incorporate both online and classroom instruction. Companies must regularly update software and features to maintain a high-quality experience for students.
Companies to Watch:
Apollo Education Group provides educational programs through a number of subsidiaries, including the University of Phoenix, which accounts for about 80% of the company’s sales. Apollo offers a wide range of certificate and degree programs in the US, the UK, South Africa, and other countries.
Career Education Corporation (CEC) is a for-profit provider of education and training in areas including information technology, health education, business studies, culinary arts, and visual communication and design. The group’s operating names include Colorado Technical University, Sanford-Brown Institutes, Le Cordon Bleu, and American InterContinental University.
Kaplan, owned by Graham Holdings, is best known for courses and publications that prepare students for exams such as the SAT, GRE, LSAT, and MCAT.
Sales & Marketing
Public and private K-12 schools market to parents on the basis of school quality, curriculum, and educational environment. Many private schools are religion-based or sectarian, and advertise the school in churches and other places of worship, religious magazines and newsletters, and via word-of-mouth. Public schools can benefit from newspaper publicity of student achievements in sports, the arts, and academics. Both public and private schools utilize online platforms such as their websites and pages to promote and post announcements.
Colleges draw students based on their reputation for academics, campus life, and prestige. For-profit colleges tout convenience as one of their advantages, as many of their attendees work full time and have to take classes at night or online. Community colleges market to their communities with direct mail catalogs and other information. Professional training institutions serve individuals who must achieve certification to practice or advance in their chosen career. Technical schools often recruit through high school events and job fairs.
Public schools depend on funding from local, state, and federal government sources. Private schools are highly dependent on tuition payments and donations. Cash flow is often very seasonal, because tuition is collected at the beginning of each semester while expenses are paid out throughout the year. Colleges and universities rely on a mix of government support, endowments, and tuition and fees. For-profit institutions are highly dependent on their students qualifying for student loans. The industry is labor-intensive: average annual revenue per employee in the US is about $25,000.
Regulation
The education sector in the US is highly regulated at the local, state, and federal level. Public and private K-12 schools are subject to state requirements regarding test scores and other achievement standards. Postsecondary institutions are subject to federal regulations, in particular Title IV of the Higher Education Act, which oversees eligibility for financial aid reimbursement.
Location Specific Industry Data :
COUNTRY | STATE/REGION | CITY/TOWN/LOCATION | INDUSTRY OVERVIEW | HUMAN RESOURCES | PRODUCTIVITY | MARKET | FINANCE | NOTES | ACTIONS |
---|---|---|---|---|---|---|---|---|---|
France | CENTRE | Charenton-Le-Pont | EDIT |COPY |DELETE | ||||||
Netherlands | ZE | Hoedekenskerke | EDIT |COPY |DELETE | ||||||
France | LA REUNION | La Possession | EDIT |COPY |DELETE | ||||||
Great Britain | NA | Bredon | EDIT |COPY |DELETE | ||||||
Australia | VIC | Brimin | EDIT |COPY |DELETE | ||||||
Germany | BY | Bodenwohr | EDIT |COPY |DELETE | ||||||
Great Britain | NA | Bromley | EDIT |COPY |DELETE | ||||||
Canada | AB | Falher | EDIT |COPY |DELETE | ||||||
Canada | BC | Terrace | EDIT |COPY |DELETE | ||||||
France | CENTRE | Amiens | EDIT |COPY |DELETE | ||||||
Australia | NSW | Agnes Banks | EDIT |COPY |DELETE | ||||||
Italy | AT | Sant\'antonio Di Canelli | EDIT |COPY |DELETE | ||||||
Germany | NW | Detmold Barkhausen | EDIT |COPY |DELETE | ||||||
h5hatdy004 | gc3ejfjpiq | pr89s4caiu | EDIT |COPY |DELETE |