Download - Macro Trends Shaping Higher Education
Macro Trends Shaping Higher Education
An Opportunity for Chief Learning OfficersRick Beyer, CEO Lumerit Education
Chief Learning Officer Conference NYC – March 8, 2017
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Discussion Overview
• Macro trends in higher education - The Greatest impact and opportunity for CLO’s.
• The World Economic Forum and IBM CEO studies regarding the top ten needs for the global work force and the unique opportunity for CLO’s.
• Constructing the college degree(s), and learning outcomes through the eye of the CLO.
• Addressing employee retention and development through a global digital class room.
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Rick Beyer, CEO Lumerit EducationRick Beyer—Chief Executive Officer. Rick has a unique combination of experience in higher education and business. A former college president and board governance chair, successful technology CEO, and senior operating executive of a $1 billion public company, Rick has consistently been at the forefront of industry-leading initiatives and has a successful history of navigating organizations through change and growth.
Rick is currently a Senior Fellow and a former member of the board of directors at the Association of Governing Boards of Universities and Colleges (AGB), a national governance organization for higher education with more than 1,900 member institutions. He has served on the board of trustees at American University as well as his alma mater, Olivet College, including serving as board chair and now trustee emeritus. Rick has served as president, president emeritus at Wheeling Jesuit University, and has also held senior executive positions at Trimble Navigation, Ltd. (NASDAQ: TRMB) and Qualcomm (NASDAQ:QCOM).
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As a College President
• Experienced the trends of students attending multiple institutions
• The change in degree construction components
• The change in policies and regulations regarding the number of credits accepted from external sources
• The need for “Go-To People”
• The need for “Organizational Maturity”
• The need for Future leaders
As a Corporate Executive
My Two Perspectives
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75% of students will attend two or more colleges prior to graduation
Education Trend #1Students attending one institution
25%
75%
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75% of learning content may originate from outside of the degree granting institution
Education Trend #2Accreditors
allow institutions to grant a degree with a minimum of 25% of internally generated content
25%
75%
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Through my own lens…• Imagine the ability to curate and/or create
content which aligns with both corporate development needs and the academic policies of colleges and universities.
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Scaling - The power of 10X to 100x
• Examples of 1-2 colleges developing corporate relationships focused on cost and hybrid degrees.
• Examples of 1-2 college transcribing training courses into college credit – 2.5% to 5% of the degree structure.
One-Off Examples
• 500+ colleges with special costs and customized degree focus.
• Imagine 30% to 50% of the college degree components designed by the CLO or corporation.
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Designing skills and expectations within the degree
1. Theoretical Skills – Abstract concepts
2. Applied Skills – Subject matter knowledge
3. Work Force Skills – Personal attributes
An opportunity for the CLO to impact all three areas within higher education
Expectation Gap
What External Constituents are Saying
Forbes on Education“No field operates more inefficiently than education.A new breed of disruptors is finally going to fix it.”
IBM GLOBAL CEO STUDY
Insights from 1,500 CEOs and 3,600 Students in 60 Countries
McKinsey on Education“Students don’t believe traditional education drives job skills. Bottom line. Skills matter. Hard to get them.”
1,500 CEO’s on Education“#1 CEO challenge is hyper- complexity. Higher Ed is not equipping graduates with the right mindset or skills.”
© AGB Institutional Strategies | 11
IBM CEO Higher Education StudySurvey of 1,500 global CEO’s
Top Ten Global Skills Needed
Given the apparent abundance of available
talent, why do many industry leaders and
other employers continue to complain about a “skills gap” ?
World Economic Forum
Degree Construction Influence
Big MajorsBusiness, Psychology,
Communications, Applied Science,
Liberal ArtsOrg. Leadership
EngineeringSTEM
NursingAllied Health
Opportunities for Learning Outcome Influence by the CLO
Policies, academic requirements and institution are variables
Sample Degree Components
© AGB Institutional Strategies | 15
General Education Core Requirements
30%
Electives
33%
Academic Major
37%
Total of 40 classes – 120 creditsFor a typical degree plan structure
General Education Core Requirement
ElectivesThe CLO
Opportunity to Specify Learning Outcomes which align to corporate
needs33% to 50%
A low of eight to a high of twenty
coursesScaled Across +500
olleges
Academic Major
Total of 40 classes – 120 creditsFor a typical degree plan structure
The CLO Opportunity in Degree Construction
CLO impact on the college degree• Shaping the degree components through the
eyes of the CLO - What learning outcomes does your enterprise require?
– Theoretical Skills – Abstract concepts
– Applied Skills – Subject matter knowledge
– Work Force Skills – Personal attributes
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40,000 College Courses
TransferableLumerit ScholarGlobal Digital Classroom
Colleges, faculty and corporations continuously
contribute to the content library
75% Trends The world is your classroom
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Central Registrar’s Office• Provides the tools and academic resources for
employees to construct a forward course progression plan – to complete their degree
– A road map for success• Taking into consideration employee time, goals, budget, TAP
policies, learning style, major and the target institution of choice by the student
– Can also include corporate learning objectives as part of the degree plan construction
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Self-Paced Online
Professional Studies Course
Portfolio Assessmen
t
Faculty Led
Online
Classroom Based Onsite
Competency Based
Exam
PERSONALIZED TO THE STUDENT
How Do You Want To Experience COM 301?
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Employee meets with
Lumerit Scholar Registrar’s Office
Students gradutate from
their target institutution
Classes are assigned to the
student’s target
institution
Classes are transfersed to the targeted
instition – up to three year’s
worth of credits
Formal course progression
degree plan is created to a
target institution of
choice
Students take their courses through the
Global Digital Classroom
DigitalGlobal
Classroom
1.
2.
3.
4.5.
6.
I am a Lumerit Scholar and will be graduating from...
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Lumerit receives no compensation from colleges or universities, which enables us to focus exclusively on the needs of students, from degree planning and mapping to success coaching. – More than 500 available colleges and universities
Unbiased College Selection
Arizona State UniversityArt Institute of PittsburghBall State UniversityBerklee College of MusicBiola UniversityCalifornia State UniversityCleveland State UniversityColorado School of MinesColorado State UniversityDelaware State UniversityEast Carolina UniversityEastern Michigan UniversityFlorida CollegeFlorida State UniversityGrand Valley State UniversityHarding UniversityHope CollegeHuntington College of HealthHuntington UniversityHouston Baptist UniversityIdaho State UniversityIndiana Wesleyan UniversityLiberty University
University of AlabamaUniversity of AlaskaUniversity of ArkansasUniversity of CaliforniaUniversity of ColoradoUniversity of MaineUniversity of MarylandUniversity of MissouriUniversity of MontanaUniversity of New EnglandUniversity of North CarolinaUniversity of North Dakota SEMUniversity of North FloridaUniversity of OklahomaUniversity of OregonUniversity of Rhode IslandUniversity of Southern CaliforniaUniversity of St. ThomasUniversity of TexasVirginia Tech
Michigan State UniversityMontana TechNorth Dakota State UniversityNorthern Illinois UniversityNorthwestern CollegeOhio State UniversityOklahoma Christian UniversityOld Dominion UniversityPennsylvania State UniversityPurdue UniversityRegent UniversitySavannah College of Art and DesignSeattle Pacific UniversitySimpson UniversitySoutheastern UniversitySouthern Polytechnic State UniversityState University of New YorkTexas A&M UniversityTexas Christian UniversityTexas Tech UniversityThomas Edison State UniversityTroy University
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As a Lumerit Scholar
Cost of Degree $ 65,040 $ 39,390
Tuition Assistance $ 15,000 $ 15,000
Net Cost to Student $ 50,040 $ 24,390
Employee Savings:$25,650
Blending 75 credits through the Global Digital Classroom and 45 through Penn StateStudents have the option to earn up to 90 credits through the Global Digital Classroom
I am a Lumerit Scholar and will be graduating from: Penn State
Confidential and Proprietary. Not for public distribution.
Lumerit Education has helped more than 14,000 students from 23
countries with their college journey.
Bridging the Gap
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Case Study • 2016 case study by Lumerit Education of a major
corporation with more than 100,000 employees
– Found 87% of employees were spending more time and money, both out of pocket and via tuition assistance programs to complete their degree.
– Lumerit Scholar program was implemented without changing a single corporate policy.
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Extrodinarily Student Centric*
Greater Convenience and Flexibility Faster Degree Completion
Lower Cost * Employees have rewarded the Lumerit Scholar, Central Registrar’s Office with a world class Net Promoter Score (NPS) of 80
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Summary• The macro trends shaping higher education align
incredibly well with corporate learning needs
• The CLO can play a very important role in aligning corporate development needs to employee degree completion
• A Global Digital Classroom can offer opportunities for corporate content contribution as well as significant employee satisfaction and engagement
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College: Reimagined
http://lumerit.com/for-employers/
San Antonio – Washington D.C.
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