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©2016 The Advisory Board Company • eab.com • 31989E
Higher Ed in the New
Learning Economy
COE Forum
©2016 The Advisory Board Company • eab.com • 31989E
1
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ROAD MAP
2015 in Review: The Year of Higher Ed “ROI” Accountability
Preface: COE Role in Leading Campus Innovation
Reclaiming the Outcomes Definition: From ROI to Return on Education
Six Strategies for the New Learning Economy
©2016 The Advisory Board Company • eab.com • 31989E
3
Where You Asked Us to Turn Our Attention This Past Year
Leading Campus Innovation
Navigating New Business and Delivery Models
and Accelerating Stakeholder Consensus
Today’s Session: Where You
Asked Us to Focus Attention
Higher Ed in the New Learning EconomyResources Immediately Available
Data and Tools to
Build Consensus
for New Markets
and Models
Advocating for
Policies and
Resources Needed
for Growth
Staying Ahead of
Future Innovations
and Coming Threats
• Industry Futures Series
• Sizing the Professional
Master’s Opportunity
• Engaging Faculty in Online
Education
• COE Organizational
Benchmarking Customized
Survey Cuts
• Outcomes Communications
Center
• Understanding the Impact of
MOOCs
• Three Myths About
Competency-Based Education
• The CBE and PLA
Implementation Toolkit
A Crossroads Moment
• High-level discussion of
most prominent debates
in the last year
• Where does higher ed
need to evolve?
Getting Beyond Silos
• Spend some time on
both “traditional”
undergraduate +
adult students
• “We’re all
interconnected”
©2016 The Advisory Board Company • eab.com • 31989E
1
2
3
4
4
ROAD MAP
2015 in Review: The Year of Higher Ed “ROI” Accountability
Preface: COE Role in Leading Campus Innovation
Reclaiming the Outcomes Definition: From ROI to Return on Education
Six Strategies for the New Learning Economy
©2016 The Advisory Board Company • eab.com • 31989E
5
What Should Learning Look Like in the 21st Century?
Debates Front and Center in the Public Imagination
What
Subjects
Should We
Teach?
How
Should We
Teach?
Is Education
Preparing
Students for
Work and
Life?
Election Year Rhetoric
“Welders make more money than
philosophers. We need more welders
and less philosophers.”
- Marco Rubio, GOP Presidential Debate
Fact Check
• By most averages,
philosophy majors have
higher average earnings
• False dichotomy between
vocational and liberal arts
“Lecture Me. Really.” (Oct. 2015)
Defends lecture’s unique ability to model
sustained, complex argumentation
“Colleges Reinvent Classes to Keep
More Students in Science” (Dec. 2014)
Profiles of student success benefits of
active learning
Welders vs. Philosophers
Sage on the Stage vs. Guide on the Side
Future of the Degree at Risk Due to New Alternatives?
What Your Board Member Read on Her Last Flight
“The Degree is
Doomed” (Jan. 2014)
“The Next Assault on the
Ivory Tower: Unbundling the
College Degree” (Mar. 2014)
“The Case for
‘Unbundling’ Higher
Education” (May 2015)
©2016 The Advisory Board Company • eab.com • 31989E
6
What’s Different Today
No Longer a Theoretical Question
Source: “Who Needs College,” Newsweek, April 1976; “Public University Costs Soar,” March 16,
2013; Federal Reserve Bank of New York.
Alarmist Headlines
All Too Familiar…
…But More Urgent Pressures Today
April 1976
0
500
1,000
1,500
2003 2005 2007 2009 2011 2013
Credit card debt
$660 billion
Student debt
$1.1 trillion
Total US Student Loan and
Credit Card Debt, in Billions
Today’s
Trillion
Dollar
Problem
U.S.
Competitive
Edge Under
Threat?
OECD Rankings
19 in college graduate rate
(compared to 1st in 1995)
14 in problem-solving skills
16 in adult literacy
“By all estimates, the rising costs of
college have been paced by
diminished economic returns on the
college investment.”
“As much as 27 per cent of the
nation's work force may now be made
up of people who are "overeducated"
for the jobs they hold.”
And 40 years before Rubio’s
comment: Newsweek chronicles an
English Ph.D. working as a welder
Debt + Uncertain Outcomes =
New Outcomes and Accountability Focus
©2016 The Advisory Board Company • eab.com • 31989E
7
Accountability Discussions Accelerating at Rapid Pace
The Year of Higher Ed “ROI” Accountability
Source: EAB interviews and analysis.
September 2015
Providing
Comparative Debt
and Salary Data to
Consumers
White House College
Scorecard launched
Increasing Cost
Transparency
Earlier in Decision
Process
FAFSA Prior-Prior
Year data
announced
July 2015
Tying Title IV
Funding to Loan
Repayment
Gainful Employment
regulations take
effect
Ongoing
Targeting
Graduate Debt
HEA Reauthorization
proposals on table
include loan limits
for graduate and
part-time students
October 2015
Looking to
Alternate
Providers for
Better Outcomes,
Lower Costs
EQUIP program
pilots federal
financial aid to
coding boot camps
and MOOC providers
Trends Analysis
Dramatic Rise of “Is College Worth It?” Internet Searches in Last Half-Decade Alone
2015: A Hallmark Year for Higher Education ROI Policies
March 2015
An Expansive
Accountability
Vision
HELP releases white
papers outlining
accreditation
reform, tying debt
to federal aid
eligibility, and data
transparency
2005 2007 2009 2011 2013 2015
©2016 The Advisory Board Company • eab.com • 31989E
8
Consumer Transparency Only the First Step
College Scorecard: 2015 Only the Beginning
Source: “The New College Scorecard,” Inside Higher Ed, September 14, 2015.
College Scorecard
(Selected Measures)
Earnings
• Average Income 10-Years-Out
• Percentage of Students Earning
Over $25,000 6-Years-Out
Loan Repayment Rates
• Share of Students Making
Progress in Paying Loans within 3
Years of Leaving College
• Improvement on Default Rate
High Utilization of Federal
Scorecard Itself Uncertain…
Data considered inaccurate,
unrepresentative, and
misleading
Volume of information
difficult to navigate
…But More Aggressive Accountability
Measures Still on the Table…
Information
previously
unavailable
to public
Ratings tied to federal funding
Risk-sharing proposals requiring
institutions to pay for student loan
defaults
Institutions likely to fare well in
ratings expressing tentative support
… And Part of Larger Student Shopping Shift
Data incorporated into emerging
consumer information sources
Re-defining what “ROI” shopping means
©2016 The Advisory Board Company • eab.com • 31989E
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Even Before More Aggressive Federal Accountability Mechanisms Come Into Play…
Intensifying the Stealth Applicant Problem
Source: EAB interviews and analysis; “2014 Recruitment Funnel
Benchmarks Report for Four-Year Institutions”, Noel-Levitz, 2014.
New Rankings Already
Using Scorecard Data
Rising Sophistication of
Search Sites
Educational search engine by
2Ufounder
Ranks universities by dream
job: “I want to work at Pixar,
where should I go to school?”
Looks at gap between how
much students earn vs. if had
studied elsewhere
Comparison of liberal
arts vs. selective
research universities
College Scorecard Data Likely to be Incorporated
into Emerging Consumer Information Sources…
…Making it Easier for
“Stealth Applicants”
Impact of Search Intermediaries
Across Industries
• Decreased brand power
• Expands competitive set
• Can’t control message
• Driving price down
• More stealth shoppers
And Increasingly Seen in Undergrads
Percentage point increase in first-
time enrolled freshmen who secret
shopped, 2007-201412%
Stealth the Norm in COE
40%
in 2012
70%
in 2014
©2016 The Advisory Board Company • eab.com • 31989E
10
New Challenges to Undergraduate Recruiting
“ROI-Shopping” Likely to Accelerate
Source: “Prior-Prior Year: FAFSA Simplification,” National Association of Student
Financial Aid Administrators; BLS data; EAB interviews and analysis.
“ROI” Calculation of the Future =
Both Aid + Likely Return
Even More Fierce
Negotiation Ahead
Earlier Offer Letters
Encourage More Price
Competition
• More time for
negotiations and
appeals
• Less time to cultivate
relationship before
offer
Prior-Prior Year Data
Expedites Award Letters
• Students can apply for
financial aid as soon as
October
• Don’t have to wait to file
tax returns
• Announced in
September 2015; goes
into effect Fall 2016
Strategies Making
Way into Higher Ed
No Haggle
Pricing
Tuition Price Reset
$10,000 list price
replaces discount
Price Match
Guarantee
In-State Price Match
Top 10% HS class pays
public tuition
“All you can
eat!”
Subscription Pricing
One flat 6 mo. Fee (“All
you can learn”)
Pre-Paid
Savings
Pre-Paid Tuition
Newborns to 11th graders
“Post-graduation salaries: Show
me the money” (March 2014)
• Highlights students who transferred
to UMass Lowell due to cost +
published salary estimates
• Decisions influenced by high debt of
friends
• Website for job-
seekers to
research salaries
• Data used to rank
institutions based
on salary and net
ROI
2013 UMass Lowell Campaign
©2016 The Advisory Board Company • eab.com • 31989E
11Next Up: Greater Federal Accountability for Master’s
Source, “Highly Educated, Unemployed, and Tumbling Down the Ladder,” NBC News, October 12, 2014; “Three A’s Driving the Reauthorization of the Higher
Education Act,” WICHE Cooperative for Educational Technologies, August 2015; “Schools Want the Sky to Be the Limit on Loans,” Bloomberg, September 2015.
Data Shows Disproportionate Borrowing
by Graduate Students
VS.
40%
Of all student borrowing comes
from graduate students, who make
up 15% of student population
15%
Graduate students
owing $100K+
.3%
Undergraduates
owing $100K+
Public Scrutiny of Undergraduate
Borrowing Likely to Turn to
Graduate Education
Current HEA Reauthorization
Proposals to Limit Master’s and
Part-Time Borrowing
• Cap annual loan limits for graduate students
from $80K to $30K annually (with a total
borrowing cap of 150K)
• Cap loans for part-time students at
estimated cost of attendance, restricting
borrowing to tuition and fees
“Tumbling down the ladder”
• Profiles of master’s students
taking years to regain
former income
• Delayed retirement
• Debt, foreclosure
• “42 and living with roommates”
Anecdotal, But Powerful
Policies Will Make More Difficult for
Working Professionals to Return to School
• 20 universities responsible for 20% of all
graduate student debt in 2013-2014
• Eight are for-profits
-- Walden University: $756,336,024 M
-- University of Phoenix: $493,078,509 M
For-Profits Once Again Disproportionately
Impacting Industry-Wide Regulations?
©2016 The Advisory Board Company • eab.com • 31989E
12New Entrants Poised to Threaten Graduate Degrees
Source: “The Birth of an Uber Learning Economy,” Ithaka S+R, August 31, 2015; “The Emergence of MOOCs,” Bersin by Deloitte, September 30, 2014; “Gallup-Purdue Index 2015
Report,” Gallup and Purdue University, September 2015; Degrees Conferred by Public and Private Institutions, Integrated Postsecondary Education Data System (IPEDS).
“The Birth of an Uber
Learning Economy”
Certificates Already an
Increasingly Popular Option
3% Growth in master’s conferrals
between 2007 and 2012
18% Growth in graduate certificate
conferrals between 2007 and
2012 (credit-bearing only)
It’s always been assumed that
disruption of traditional higher
education would begin at the
undergraduate level. But if
disruption is going to happen, the
trends […] point to it starting with
graduate and professional
education.”
- Jeff Selingo, August 2015
And Third Parties Benefiting from…
Federal Aid Reducing
Barriers to Entry Among
More Expensive Entrants
Undergraduate Student
Debt Leads to Delaying
Graduate Degrees
Corporate Interest: 44%
Companies L&D Arms
Experimenting with MOOCs
©2016 The Advisory Board Company • eab.com • 31989E
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How to Respond
Reclaiming Our Value
Liberal arts vs.
specialized skills
Liberal arts and
specialized skills
complement one another
Master’s degrees vs.
micro-credentials
Lifelong learners -- and
employers -- understand
value of both longer
programs and shorter,
just-in-time courses
Currently Dominating the
Outcomes Conversations
Move from today’s narrow ROI outcomes
conversation to larger “return on education”
Where We Need to Articulate
and Enhance Our Value
Either/Or Both/And
©2016 The Advisory Board Company • eab.com • 31989E
1
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3
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ROAD MAP
2015 in Review: The Year of Higher Ed “ROI” Accountability
Reclaiming the Outcomes Definition:
From ROI to Return on Education
Six Strategies for the New Learning Economy
Preface: COE Role in Leading Campus Innovation
©2016 The Advisory Board Company • eab.com • 31989E
15
Higher Ed’s Compact with Society
Getting to the Both/And
Source: EAB interviews and analysis.
For the last decades, we’ve really seen a
shift from the perception of higher
education as public good to private good.
That’s most obvious when you look at state
funding, but it’s well beyond that. All our
funding sources are increasingly at risk.”
What worries me is that it’s now not just higher
ed’s value as public good that’s being
threatened, but as private good too. And
that’s being so narrowly defined in terms
of a simple cost-benefit equation: your
salary at age 22.”
What’s Getting Lost in the
Public Discourse
Keeping Provosts Up at Night
“Return on Education”
Beyond Salary ROI
1
Education vs. Training:
Why it Matters for the
Real Skill Gaps
2
The Value of the
“Bundle”
3
©2016 The Advisory Board Company • eab.com • 31989E
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What’s Getting Lost in the Public Discourse #1
“Return on Education” Beyond Salary ROI
Source: “28th Annual Survey of Corporate Executives: Availability of Skilled Labor New Top Priority,” Area Development, 2014;
“A College System Measures How Low-Paying Degrees Serve the Public Good,” Chronicle of Higher Education, August 5, 2015.
 Survey responses to “Does your work
make the world a better place?”
 Enrollment of minority students, non-
traditional gender for field
 In-demand career clusters
 Concentration of industry in region
Measuring the High Personal and
Social Value of Low-Paying Degrees
Social Utility Index
Role of Education in Meeting Regional
Needs, Not Just High-Wage Jobs
2014 CEO Survey
“What do CEOs consider in making
location decisions?”
1. Availability of skilled labor
2. Highway accessibility
3. Labor costs
[…]
7. Corporate tax rate
11. Tax exemptions
16. Availability of long-term
financing
17. Environmental regulations
Moved
up two
places
since
2013
survey
“How do we calculate the
social good of programs that
lead to low-paying jobs but are
important to communities?”
Providing Better Data for Schools and
Policy Makers Considering Program Cuts
High-value, low-wage fields include social
work, firefighters, early childhood education
©2016 The Advisory Board Company • eab.com • 31989E
17
What’s Getting Lost in the Public Discourse #2
When Employers Say “Skill Gap” They Might Mean…
Source: EAB interviews and analysis
Universal competencies in leadership,
empathy, cross-cultural experience
Mastery of a
skill, process,
product, or
body of
knowledge
T-Stem(forInnovation)
T-Top (for Collaboration)
The “T-Shaped Professional”
And Let’s Not Forget the “Whole T”
“Hiring has slowed down for those who use
software, but we’re still hiring those who
can invent new applications for software”
Need for Specificity in
Technical Needs
“Not all engineering or
tech jobs require the
same exact skills, but
policymakers act as if
they’re one big bucket.”
Universal Skills
#1 Need in
Surveys and
Focus Groups
“Our greatest skill
gaps at every level
are problem-solving,
communication,
teamwork, and
leadership”
©2016 The Advisory Board Company • eab.com • 31989E
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Top of the T – Beyond Perennial “Kids These Days” Complaints
Why the “Soft Skills” Problem is Greater Today
Source: Josh Bersin, “Millennials Will Soon Rule The World: But How Will They Lead?,” Forbes,
September 12, 2013; Peter Capelli, Will College Pay Off?, Public Affairs, New York, 2015.
…While External and
Societal Forces Lead to
Generational Shifts
Higher Demands in
Early Career…
…With Less Employer-
Provided Training…
(2015)
Younger generations
lacking professional
skills due to….
• Helicopter parenting
• “All styles equally
valid” mentality and
expectations
• Teaching to the test
21% of U.S. employees
received any formal training in
five-year period (Accenture)
…And Most Common Training
Topics? Workplace Safety or
How to Work New Copiers
College Grad Multi-Year
Employee Training
 Classroom education
on business and
management basics
 Short-term rotations
 Coaching and
mentoring
Post World War II
Today
Millennials already in
leadership positions
50%
41%
Young leaders with four
or more direct reports
(44% only have 3-5
years of work
experience)
©2016 The Advisory Board Company • eab.com • 31989E
19
Students Enroll with
Expectation of Six
Figure Salaries
University Speed Not Matching Market Speed; Risks for Students in Overspecializing
The Difficulty of Chasing “Hot Jobs”
Source: EAB interviews and analysis; Bouree Lam, “The Danger of Picking a Major Based on Where the Jobs Are”,
The Atlantic, 6/12/15; Erin Ailworth, “Who Will Hire a Petroleum Engineer Now?”, Wall Street Journal, 5/8/15.
Job
Demand
Supply of
Petroleum
Engineering
Graduates
Declining Oil Prices
Lead to 6,800 Fewer
Jobs in H1 2015
Graduating Students
Receive Withdrawals
on Job Offers
Supply >
Demand
within 7
years
2015
Hydraulic Fracturing
(Fracking) Unexpectedly
Revitalizes Oil Industry
Responding to Industry
Need, Universities Begin
Multi-Year New Program
Launch Process
2008
“The economy bounces all over the place in terms of jobs that we hear are ‘hot” all the time, like tech jobs.
The reason that they’re hot is precisely because you can’t predict them.”
Peter Cappelli, Professor, Wharton School of Management
The Case of Petroleum Engineers
©2016 The Advisory Board Company • eab.com • 31989E
20T-Shaped Graduate Programs
Source: EAB interviews and analysis.
Universal competencies in leadership,
empathy, cross-cultural experience
Mastery of a
skill, process,
product, or
body of
knowledge
T-Stem(forInnovation)
T-Top (for Collaboration)
Why Microcredentials Won’t
Replace Graduate Program Benefits
Supplementing Undergraduate Gaps
Master’s degrees often complete the “T” for
students whose undergraduate programs
were more focused on either the top or the
stem
1
Depth Across A Discipline Matters
Up the Ladder
Not just UX or SEO but how they’re part
of larger marketing expertise
2
More Advanced Universal Skills Needed
in Middle and Later Career
Universal competencies—problem-solving,
communication, team-building—require
further development across a career
3
The Intersection Between Specialized
and Universal Skills More Important
(And Difficult) in Leadership Roles
4
©2016 The Advisory Board Company • eab.com • 31989E
21
What’s Getting Lost in the Public Discourse #3
Value of the Bundle
Flawed Metaphors for Higher Ed
Christensen’s Conflated Business Model
Solution
Shop
Experts take
complex
problem, find
breakthrough
Value-Added
Processes
Take an input
and create
product of
greater value
Facilitated
Networks
Grow
interactions
among other
parties
Looking at Record Albums and Cable TV
$1.29 songs
bought
separately
instead of $20
albums
Why the So-Called Great
Unbundling Hasn’t Happened
Students shop for university
brands, not faculty (unlike artists
vs. record labels)
Re-bundling even occurring
in the music industry
Government funding still
primarily for bundlers
Students must not only gain
knowledge, but learn to create and
advance it (value of research)
Complex challenges require
exposure to newest ideas,
multidisciplinary connections
Source: Mark Schneider and KC Deane, “The University Next Door: What is a Comprehensive
University, Who Does it Educate, and Can it Survive?,” 2014; EAB interviews and analysis.
©2016 The Advisory Board Company • eab.com • 31989E
22
Learning-in-Action: A Focus for Universities, and Increasingly Startups
Today’s Hottest “Tech”: Experiential Education
Headlines Tout
Breakthrough
Teaching
Technology
But School’s Value is Surprisingly Experiential
• All courses online
• But fully residential:
students live in urban
apt-style lofts
• Small seminars, <20
students
Intimate, Fully-Residential Experience
• Founded by former
Snapfish president;
Larry Summers and
Bob Kerrey on first
advisory board
• $95M funding to date
• Sophisticated
proprietary LMS
touted by ed tech
observers
Immersive City Learning Experiences
• Practice picking
investments at a Silicon
Valley start-up incubator
• Discuss city planning at a
meeting with the Mayor’s
Office of Civic Initiatives
• Reflect on political freedom
at Ai Weiwei art exhibition
at Alcatraz
Source: EAB interviews and analysis; “Student Life: Cultural Immersion,” Minerva
Schools at KGI, https://www.minerva.kgi.edu/students/global_immersion.
©2016 The Advisory Board Company • eab.com • 31989E
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ROAD MAP
2015 in Review: The Year of Higher Ed “ROI” Accountability
Reclaiming the Outcomes Definition: From ROI to Return on Education
Six Strategies for the New Learning Economy
Preface: COE Role in Leading Campus Innovation
©2016 The Advisory Board Company • eab.com • 31989E
24
Redefining the Outcomes Conversation
The New Learning Economy
Source: “The Learning Economy”, Fellowship of Mind, 2013.
B.A.
Lundvall
Danish
Economist
Economic value from knowledge of a
topic, skill, or process not held by
others
Economic value from gathering,
adapting, and applying knowledge from
diverse sources
Learning Economy
Knowledge Economy
Networks even more important—
for individuals and organizations
Traditional siloes of knowledge
less relevant
Constant skill and information
acquisition needed
• Learning to learn—and apply
knowledge
• Lifelong education
• Taking advantage of knowledge
networks in higher education
New Strategies
©2016 The Advisory Board Company • eab.com • 31989E
25Six Strategies for the New Learning Economy
1 Liberal/universal and professional/specialized education aren’t mutually exclusive—
devise ways for them to complement one another for educating T-Shaped Professionals.
2 Use technology to scale experiential education at the undergraduate level, and create
learning-in-action opportunities for working professional students
Take a page from new entrants—not only find ways to map curriculum to employer
needs, but also to demonstrate and assess learning4
“Hot jobs” can change on a dime—create agile program launch processes to adapt
to changing workforce needs quickly5
Modernize outreach for the 21st century—use technology to take advantage of higher
ed’s strengths at bringing together knowledge networks6
3
Revitalize short format offerings by matching them to lifelong learner needs—learn
from bootcamps how to address Millennial preferences, and design stackability
pathways from courses to programs
©2016 The Advisory Board Company • eab.com • 31989E
26
Existing Curriculum Professional Skill Identification
A Light (But Critical) Lift for Faculty
Our Own Students
Can’t Articulate Value
Helping Students Communicate
Non-Content Skills Gained in the Classroom
Source: EAB interviews and analysis; Rhonda Joy, Rob Shea, Karen Youden Walsh, “Advancing Career Integrated Learning
at Memorial,” Lecture, Cannexus, 2013; “The Liberal Arts in an Era of Underemployment,” Panel, Harvard University, June
18, 2015; Karen Arenson, “New In Liberal Arts: Intro to Job Market”, The New York Times, June, 19, 2004.
“With a liberal education, you
should be developing certain
skills. But we’re not helping
students understand they’re
developing those skills.
Students say, ‘I took a course
in Milton’ or ‘I played soccer’
rather than ‘I understand how
to interpret difficult texts,’ or ‘I
developed teamwork.”
Georgia Nugent, Former
President, Kenyon College
Sample Syllabus – English 111
Class Participation – 10%
Students are expected to attend, be
prepared, and actively participate.
Presentation – 30%
Students will form groups and present on
a course topic.
Portfolio – 30%
Students keep a journal to record
reading, reflections, and experiences.
Competencies Developed
by Deans, Faculty, and
Administrators
 Working within the
dynamic of a group
 Research skills
 Oral presentation
skills
 Leadership skills
 Ability to work within
a time frame
 Critical thinking skills
No course redesign necessary; faculty
map existing lessons to competencies
Final Exam – 25%
Written exam taken in class at the end of
the semester.
''We continue to think that a
liberal arts education is
valuable in the new economy.
But it is important for students
to know the language -- the
jargon -- when they go on the
job market.'‘
Adam Weinberg,
former Dean of the College,
Colgate University
©2016 The Advisory Board Company • eab.com • 31989E
27
Professional-Liberal Arts Linked Certificates
A Growing Opportunity for COE
Source: EAB interviews and analysis; “Professional Edge Certificate FAQ”, cas.nyu.edu;
Peter Stokes, Higher Education and Employability, Harvard Education Press, 2015.
Serious students,
who can handle
extra work
• 3.65 GPA; juniors
and seniors
• CAS pays SPS
tuition
Enhancing Education of
Liberal Arts Undergraduates…
School of
Professional
Studies (SPS)
College of Arts
and Sciences
(CAS)
Professional Edge
Program
…Through Professional
Certificates from COE School
Ensuring maturity
to sit aside working
professionals
• Application,
advisor
conversation
required
• B grade required
but won’t count
on transcript
Art History Major
Foreign Language Major
Learn to Appraise Art
How to Become a Translator
©2016 The Advisory Board Company • eab.com • 31989E
28Six Strategies for the New Learning Economy
1 Liberal/universal and professional/specialized education aren’t mutually exclusive—
devise ways for them to complement one another for educating T-Shaped Professionals.
2 Use technology to scale experiential education at the undergraduate level, and create
learning-in-action opportunities for working professional students
Take a page from new entrants—not only find ways to map curriculum to employer
needs, but also to demonstrate and assess learning4
“Hot jobs” can change on a dime—create agile program launch processes to adapt
to changing workforce needs quickly5
Modernize outreach for the 21st century—use technology to take advantage of higher
ed’s strengths at bringing together knowledge networks6
3
Revitalize short format offerings by matching them to lifelong learner needs—learn
from bootcamps how to address Millennial preferences, and design stackability
pathways from courses to programs
©2016 The Advisory Board Company • eab.com • 31989E
29
Virtual Team-Based Internships
Internships Critical,
But Difficult to Scale
The Rise of the MOOI
Source: EAB interviews and analysis; Irena Bojanova and Rana Khan, “Designing Online Capstone Courses in Partnership with
Industry”, 26th Annual Conference on Distance Teaching and Learning, University of Wisconsin, 2010.
Student Challenges
 Life and work
commitments
 Relevant opportunities
geographically infeasible
University Challenges
 Time commitment
required to manage
employer relationships
 Academic and
administrative
infrastructure to link co-
curricular to curricular
Internships in the Uber-Economy: Crowdsourcing
Employer Problems to Learners
UMUC Professional Science Masters (PSM) Capstones
Include Virtual Internship
Not Place-Bound
• Discussion boards for
student interaction
(groups of 3-6)
• Weekly conference calls
with company rep
Two-Way Accountability
• Orgs map out deliverable
schedule and expectations
• Team mid-point reports
• 60% of grade
“How can technologies spur economic development in small
cities? Develop an approach for our public sector strategy.”
Target Solvers: Career-changers
seeking resume experience “on the side”
Employers post
projects online
Interested in educational
partnerships to show
employers strength of
problem-solvers, recruit alumni
as both posters and solvers
©2016 The Advisory Board Company • eab.com • 31989E
30Six Strategies for the New Learning Economy
1 Liberal/universal and professional/specialized education aren’t mutually exclusive—
devise ways for them to complement one another for educating T-Shaped Professionals.
2 Use technology to scale experiential education at the undergraduate level, and create
learning-in-action opportunities for working professional students
Take a page from new entrants—not only find ways to map curriculum to employer
needs, but also to demonstrate and assess learning4
“Hot jobs” can change on a dime—create agile program launch processes to adapt
to changing workforce needs quickly5
Modernize outreach for the 21st century—use technology to take advantage of higher
ed’s strengths at bringing together knowledge networks6
3
Revitalize short format offerings by matching them to lifelong learner needs—learn
from bootcamps how to address Millennial preferences, and design stackability
pathways from courses to programs
©2016 The Advisory Board Company • eab.com • 31989E
31
Not Just a Coding Bootcamp
Source: generalassemb.ly.
New Entrants in the Professional Education Space
All About the Community Experience
“The badges you got in Boy Scouts weren’t
about the badges, they were about the Boy
Scouts. A credential is not disconnected from
the experience and community around it.
People don’t join the Boy Scouts to get
badges, they join for the network. So you
have to start with the network and then build
backwards.”
Anya Kamenetz, Author DIY U
Programs Resemble COE Portfolio:
 Data Science
 Digital Marketing
 Visual Design
Teaching leadership Skills
 Cross-functional communication
 Project management
 Motivating teams
• 29 offices in 4 countries
• Vast majority of courses and certificates
offered F2F
• Open social events, can use any global office
• Networking introductions for job hunters in
new cities
©2016 The Advisory Board Company • eab.com • 31989E
32Six Strategies for the New Learning Economy
1 Liberal/universal and professional/specialized education aren’t mutually exclusive—
devise ways for them to complement one another for educating T-Shaped Professionals.
2 Use technology to scale experiential education at the undergraduate level, and create
learning-in-action opportunities for working professional students
Take a page from new entrants—not only find ways to map curriculum to employer
needs, but also to demonstrate and assess learning4
“Hot jobs” can change on a dime—create agile program launch processes to adapt
to changing workforce needs quickly5
Modernize outreach for the 21st century—use technology to take advantage of higher
ed’s strengths at bringing together knowledge networks6
3
Revitalize short format offerings by matching them to lifelong learner needs—learn
from bootcamps how to address Millennial preferences, and design stackability
pathways from courses to programs
©2016 The Advisory Board Company • eab.com • 31989E
33Employer-Mapped Project-Based Curriculum
Sources: EAB interviews and analysis; Rhonda Joy, Rob Shea, Karen
Youden Walsh, “Advancing Career Integrated Learning at Memorial,”
Lecture, Cannexus, 2013; lhs.medicine.umich.edu.
Android Developer NanoDegree
 Launched Spring 2015
 Developed in partnership with Google to meet
developer shortage
 Project-based curriculum: employer sees
evidence of “real work”; student only takes
courses needed to complete
 Low-Cost:
 $200/mo. for 6-12 mos., with coach
support
 Google offering 2,000 scholarships
 Potential Hiring Advantage:
 Top 50 graduates will visit the Google
campus and spend 3 days with hiring
engineers
 Launched Fall 2014
 Project-based learning with individual mentor;
different faculty assign grades
 CBE Elements:
 Customized learning plan for each
student
 Progress by mastering competencies
 Traditional Elements:
 Personalized, but not at scale
 Resembles a tutorial model
MS of Health Professions Education
©2016 The Advisory Board Company • eab.com • 31989E
34
Inside-Course Professional Skill Readiness Grade
A New Kind of Faculty Endorsement
Source: EAB interviews and analysis; statetechmo.edu; Paul Fain, “Technical college puts job readiness and
attendance scores on transcripts”, IHE, February 12, 2013; abtech.edu; Paul Fain, “N.C. community college to
issue grades, certificates for soft skills, IHE, December 13, 2012.
What Faculty Members See
But Isn’t Reflected in Final Grade
Nascent Efforts at Two-Year Schools to
Demonstrate Professional Skills
Exhibited in Classroom
Desired Professional Attributes
 Behavior, attitude, professional
presentation
 Meets deadlines
 Keeps self on task
 Allows others to stay on task
 Listening skills
 Collaborates well in group projects
 Respected by others
 Goes beyond the minimum
 Gives credit to others when it’s due
• Student receives job
readiness scores in each class
• Doesn’t typically impact grade
• Rubric co-developed by
employer advisory board and
faculty
• Vision for readiness grades
and certificates
• Goal for students: understand
how college will help with
better navigating the
workplace
• Communicating time demands
to professor, similar to future
boss
Too Much of a Leap for 4-Year Undergraduate, But Possible
for Graduate/Professional Education?
©2016 The Advisory Board Company • eab.com • 31989E
35Six Strategies for the New Learning Economy
1 Liberal/universal and professional/specialized education aren’t mutually exclusive—
devise ways for them to complement one another for educating T-Shaped Professionals.
2 Use technology to scale experiential education at the undergraduate level, and create
learning-in-action opportunities for working professional students
Take a page from new entrants—not only find ways to map curriculum to employer
needs, but also to demonstrate and assess learning4
“Hot jobs” can change on a dime—create agile program launch processes to adapt
to changing workforce needs quickly5
Modernize outreach for the 21st century—use technology to take advantage of higher
ed’s strengths at bringing together knowledge networks6
3
Revitalize short format offerings by matching them to lifelong learner needs—learn
from bootcamps how to address Millennial preferences, and design stackability
pathways from courses to programs
©2016 The Advisory Board Company • eab.com • 31989E
36Fast-Cycle Launch Processes
Source: EAB interviews and analysis.
• Specializations within existing degrees
or certificates can rotate in/out
• Both UG and grad; certificate and degree
Flexible content
Perennial content
Perennial content
• Course reviews and student information in first
certificate cohort inform degree approval process
• Students pathed into degree when ready
Degree
Approval Speed
Committees
Meet by
Need, Not
Calendar
Electronic or
E-Mail
Governance
Voting
1-5 months
(n=10)
70% 40%
6-11 months
(n=29)
21% 7%
1-2 years
(n=44)
36% 11%
3-5 years
(n=18)
0% 0%
“Pop-Up” Modules
Parallel Processing Degree
and Certificate Approval
1
2
3 Just-in-Time Committee Convening
COE Organizational Benchmarking Survey
Degree Approval
1st Cohort
Cert.
Approval
©2016 The Advisory Board Company • eab.com • 31989E
37Six Strategies for the New Learning Economy
1 Liberal/universal and professional/specialized education aren’t mutually exclusive—
devise ways for them to complement one another for educating T-Shaped Professionals.
2 Use technology to scale experiential education at the undergraduate level, and create
learning-in-action opportunities for working professional students
Take a page from the MOOCs—not only find ways to map curriculum to employer needs,
but also to demonstrate and assess learning4
“Hot jobs” can change on a dime—create agile program launch processes to adapt
to changing workforce needs quickly5
Modernize outreach for the 21st century—use technology to take advantage of higher
ed’s strengths at bringing together knowledge networks6
3
Revitalize short format offerings by matching them to lifelong learner needs—learn
from bootcamps how to address Millennial preferences, and design stackability
pathways from courses to programs
©2016 The Advisory Board Company • eab.com • 31989E
38
Community-of-Interest Portal
Modernizing Outreach
Source: EAB interviews and analysis; myhorseuniversity.com.
MY HORSE UNIVERSITY
StudentsFaculty
State
Employees
Other
Universities
Alumni
Professional
Associations
Foundations
Corporations
ImageCredit:MSU
Extending MSU’s Content, Network, and Influence
Enthusiasts Webcasts, e-tips newsletters, Facebook pages
Scholars National experts database by institution
Professionals DVD and online course sales
Research
Sponsors
Look to MSU first for applied horse
management research
Michigan State University’s MyHorseUniversity.com
©2016 The Advisory Board Company • eab.com • 31989E
39Beyond the Next Big App
Hackathons Bring Together Diverse Expertise
IMAGECREDIT:BBC.COM.
• Annual event draws 450+ researchers,
developers, faculty, grad students
• Tackle problems in global health,
primary care, telehealth, and
wearables
• Corporate sponsorship includes GE,
Microsoft, and Merck
 Winning ideas win $250K grants to
develop prototype
 12 start-ups in operation
 Spins off Hacking Medicine Institute to
assess value of digital health products
Handheld Resuscitator
Prevents Infant Deaths in
Developing Countries
Resuscitator Team:
• Automotive Engineer
• Pediatrician
• Medical Researcher
• Electrical Engineer
Product Development
Overnight
Specialists Almost
Never in Same Room
• Idea to prototype in
less than 24 hours
• Process normally
takes 1-2 years
Source: EAB interviews and analysis; “Hackathons Aren’t Just for
Coders. We Can Use Them to Save Lives,” Wired, June 2014;
hackingmedicine.mit.edu.
Social Problem Hackathon
©2016 The Advisory Board Company • eab.com • 31989E
40
Key Takeaways—What’s Getting Lost in the Current Discourse
Strategies for the New Learning Economy
Strategy Example Tactics
1. Liberal/universal and professional/specialized
education aren’t mutually exclusive—find ways to
merge them together
• Existing Curriculum Professional Skill
Identification
• Professional-Liberal Linked Certificates
2. Experiential education is critical for learning to apply
and adapt knowledge outside the classroom—use
technology to scale it at the undergraduate level, and
apply it to working professional students
• Virtual Team-Based Internships
• Crowdsourced Employer Internships
3. Revive short format offerings to match lifelong
learner needs by taking a page from boot-camp
learnings on Millennial consumers, and designing
stackability pathways into degrees
• Accelerated Leadership Programs for Millennial
Career Advancers
Enhanced Enrichment Courses for Early Encore
Careerists
• Offline Intensives for Tomorrow's Business
Owners
• Lifetime Enrollment Portfolio
4. Take a page from the MOOCs—not only find ways to
map curriculum to employer needs, but also to
demonstrate learning
• Employer-Mapped Project-Based Curriculum
• Inside-Course Professional Skill Readiness Grade
5. “Hot jobs” can change on a dime—create agile
program launch processes to adapt to changing
workforce needs quickly
• “Pop Up” Modules
• Degree/Certificate Approval Parallel Process
• Just-in-Time Committee Convening
6. Modernize outreach for the 21st century—use
technology to take advantage of higher ed’s strengths
at knowledge networks
• Community-of-Interest Portal
• Social Problem Hackathon
©2016 The Advisory Board Company • eab.com • 31989E
Higher Ed in the New
Learning Economy
COE Forum

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Higher Ed in the New Learning Economy featuring Carla Hickman

  • 1. ©2016 The Advisory Board Company • eab.com • 31989E Higher Ed in the New Learning Economy COE Forum
  • 2. ©2016 The Advisory Board Company • eab.com • 31989E 1 2 3 4 2 ROAD MAP 2015 in Review: The Year of Higher Ed “ROI” Accountability Preface: COE Role in Leading Campus Innovation Reclaiming the Outcomes Definition: From ROI to Return on Education Six Strategies for the New Learning Economy
  • 3. ©2016 The Advisory Board Company • eab.com • 31989E 3 Where You Asked Us to Turn Our Attention This Past Year Leading Campus Innovation Navigating New Business and Delivery Models and Accelerating Stakeholder Consensus Today’s Session: Where You Asked Us to Focus Attention Higher Ed in the New Learning EconomyResources Immediately Available Data and Tools to Build Consensus for New Markets and Models Advocating for Policies and Resources Needed for Growth Staying Ahead of Future Innovations and Coming Threats • Industry Futures Series • Sizing the Professional Master’s Opportunity • Engaging Faculty in Online Education • COE Organizational Benchmarking Customized Survey Cuts • Outcomes Communications Center • Understanding the Impact of MOOCs • Three Myths About Competency-Based Education • The CBE and PLA Implementation Toolkit A Crossroads Moment • High-level discussion of most prominent debates in the last year • Where does higher ed need to evolve? Getting Beyond Silos • Spend some time on both “traditional” undergraduate + adult students • “We’re all interconnected”
  • 4. ©2016 The Advisory Board Company • eab.com • 31989E 1 2 3 4 4 ROAD MAP 2015 in Review: The Year of Higher Ed “ROI” Accountability Preface: COE Role in Leading Campus Innovation Reclaiming the Outcomes Definition: From ROI to Return on Education Six Strategies for the New Learning Economy
  • 5. ©2016 The Advisory Board Company • eab.com • 31989E 5 What Should Learning Look Like in the 21st Century? Debates Front and Center in the Public Imagination What Subjects Should We Teach? How Should We Teach? Is Education Preparing Students for Work and Life? Election Year Rhetoric “Welders make more money than philosophers. We need more welders and less philosophers.” - Marco Rubio, GOP Presidential Debate Fact Check • By most averages, philosophy majors have higher average earnings • False dichotomy between vocational and liberal arts “Lecture Me. Really.” (Oct. 2015) Defends lecture’s unique ability to model sustained, complex argumentation “Colleges Reinvent Classes to Keep More Students in Science” (Dec. 2014) Profiles of student success benefits of active learning Welders vs. Philosophers Sage on the Stage vs. Guide on the Side Future of the Degree at Risk Due to New Alternatives? What Your Board Member Read on Her Last Flight “The Degree is Doomed” (Jan. 2014) “The Next Assault on the Ivory Tower: Unbundling the College Degree” (Mar. 2014) “The Case for ‘Unbundling’ Higher Education” (May 2015)
  • 6. ©2016 The Advisory Board Company • eab.com • 31989E 6 What’s Different Today No Longer a Theoretical Question Source: “Who Needs College,” Newsweek, April 1976; “Public University Costs Soar,” March 16, 2013; Federal Reserve Bank of New York. Alarmist Headlines All Too Familiar… …But More Urgent Pressures Today April 1976 0 500 1,000 1,500 2003 2005 2007 2009 2011 2013 Credit card debt $660 billion Student debt $1.1 trillion Total US Student Loan and Credit Card Debt, in Billions Today’s Trillion Dollar Problem U.S. Competitive Edge Under Threat? OECD Rankings 19 in college graduate rate (compared to 1st in 1995) 14 in problem-solving skills 16 in adult literacy “By all estimates, the rising costs of college have been paced by diminished economic returns on the college investment.” “As much as 27 per cent of the nation's work force may now be made up of people who are "overeducated" for the jobs they hold.” And 40 years before Rubio’s comment: Newsweek chronicles an English Ph.D. working as a welder Debt + Uncertain Outcomes = New Outcomes and Accountability Focus
  • 7. ©2016 The Advisory Board Company • eab.com • 31989E 7 Accountability Discussions Accelerating at Rapid Pace The Year of Higher Ed “ROI” Accountability Source: EAB interviews and analysis. September 2015 Providing Comparative Debt and Salary Data to Consumers White House College Scorecard launched Increasing Cost Transparency Earlier in Decision Process FAFSA Prior-Prior Year data announced July 2015 Tying Title IV Funding to Loan Repayment Gainful Employment regulations take effect Ongoing Targeting Graduate Debt HEA Reauthorization proposals on table include loan limits for graduate and part-time students October 2015 Looking to Alternate Providers for Better Outcomes, Lower Costs EQUIP program pilots federal financial aid to coding boot camps and MOOC providers Trends Analysis Dramatic Rise of “Is College Worth It?” Internet Searches in Last Half-Decade Alone 2015: A Hallmark Year for Higher Education ROI Policies March 2015 An Expansive Accountability Vision HELP releases white papers outlining accreditation reform, tying debt to federal aid eligibility, and data transparency 2005 2007 2009 2011 2013 2015
  • 8. ©2016 The Advisory Board Company • eab.com • 31989E 8 Consumer Transparency Only the First Step College Scorecard: 2015 Only the Beginning Source: “The New College Scorecard,” Inside Higher Ed, September 14, 2015. College Scorecard (Selected Measures) Earnings • Average Income 10-Years-Out • Percentage of Students Earning Over $25,000 6-Years-Out Loan Repayment Rates • Share of Students Making Progress in Paying Loans within 3 Years of Leaving College • Improvement on Default Rate High Utilization of Federal Scorecard Itself Uncertain… Data considered inaccurate, unrepresentative, and misleading Volume of information difficult to navigate …But More Aggressive Accountability Measures Still on the Table… Information previously unavailable to public Ratings tied to federal funding Risk-sharing proposals requiring institutions to pay for student loan defaults Institutions likely to fare well in ratings expressing tentative support … And Part of Larger Student Shopping Shift Data incorporated into emerging consumer information sources Re-defining what “ROI” shopping means
  • 9. ©2016 The Advisory Board Company • eab.com • 31989E 9 Even Before More Aggressive Federal Accountability Mechanisms Come Into Play… Intensifying the Stealth Applicant Problem Source: EAB interviews and analysis; “2014 Recruitment Funnel Benchmarks Report for Four-Year Institutions”, Noel-Levitz, 2014. New Rankings Already Using Scorecard Data Rising Sophistication of Search Sites Educational search engine by 2Ufounder Ranks universities by dream job: “I want to work at Pixar, where should I go to school?” Looks at gap between how much students earn vs. if had studied elsewhere Comparison of liberal arts vs. selective research universities College Scorecard Data Likely to be Incorporated into Emerging Consumer Information Sources… …Making it Easier for “Stealth Applicants” Impact of Search Intermediaries Across Industries • Decreased brand power • Expands competitive set • Can’t control message • Driving price down • More stealth shoppers And Increasingly Seen in Undergrads Percentage point increase in first- time enrolled freshmen who secret shopped, 2007-201412% Stealth the Norm in COE 40% in 2012 70% in 2014
  • 10. ©2016 The Advisory Board Company • eab.com • 31989E 10 New Challenges to Undergraduate Recruiting “ROI-Shopping” Likely to Accelerate Source: “Prior-Prior Year: FAFSA Simplification,” National Association of Student Financial Aid Administrators; BLS data; EAB interviews and analysis. “ROI” Calculation of the Future = Both Aid + Likely Return Even More Fierce Negotiation Ahead Earlier Offer Letters Encourage More Price Competition • More time for negotiations and appeals • Less time to cultivate relationship before offer Prior-Prior Year Data Expedites Award Letters • Students can apply for financial aid as soon as October • Don’t have to wait to file tax returns • Announced in September 2015; goes into effect Fall 2016 Strategies Making Way into Higher Ed No Haggle Pricing Tuition Price Reset $10,000 list price replaces discount Price Match Guarantee In-State Price Match Top 10% HS class pays public tuition “All you can eat!” Subscription Pricing One flat 6 mo. Fee (“All you can learn”) Pre-Paid Savings Pre-Paid Tuition Newborns to 11th graders “Post-graduation salaries: Show me the money” (March 2014) • Highlights students who transferred to UMass Lowell due to cost + published salary estimates • Decisions influenced by high debt of friends • Website for job- seekers to research salaries • Data used to rank institutions based on salary and net ROI 2013 UMass Lowell Campaign
  • 11. ©2016 The Advisory Board Company • eab.com • 31989E 11Next Up: Greater Federal Accountability for Master’s Source, “Highly Educated, Unemployed, and Tumbling Down the Ladder,” NBC News, October 12, 2014; “Three A’s Driving the Reauthorization of the Higher Education Act,” WICHE Cooperative for Educational Technologies, August 2015; “Schools Want the Sky to Be the Limit on Loans,” Bloomberg, September 2015. Data Shows Disproportionate Borrowing by Graduate Students VS. 40% Of all student borrowing comes from graduate students, who make up 15% of student population 15% Graduate students owing $100K+ .3% Undergraduates owing $100K+ Public Scrutiny of Undergraduate Borrowing Likely to Turn to Graduate Education Current HEA Reauthorization Proposals to Limit Master’s and Part-Time Borrowing • Cap annual loan limits for graduate students from $80K to $30K annually (with a total borrowing cap of 150K) • Cap loans for part-time students at estimated cost of attendance, restricting borrowing to tuition and fees “Tumbling down the ladder” • Profiles of master’s students taking years to regain former income • Delayed retirement • Debt, foreclosure • “42 and living with roommates” Anecdotal, But Powerful Policies Will Make More Difficult for Working Professionals to Return to School • 20 universities responsible for 20% of all graduate student debt in 2013-2014 • Eight are for-profits -- Walden University: $756,336,024 M -- University of Phoenix: $493,078,509 M For-Profits Once Again Disproportionately Impacting Industry-Wide Regulations?
  • 12. ©2016 The Advisory Board Company • eab.com • 31989E 12New Entrants Poised to Threaten Graduate Degrees Source: “The Birth of an Uber Learning Economy,” Ithaka S+R, August 31, 2015; “The Emergence of MOOCs,” Bersin by Deloitte, September 30, 2014; “Gallup-Purdue Index 2015 Report,” Gallup and Purdue University, September 2015; Degrees Conferred by Public and Private Institutions, Integrated Postsecondary Education Data System (IPEDS). “The Birth of an Uber Learning Economy” Certificates Already an Increasingly Popular Option 3% Growth in master’s conferrals between 2007 and 2012 18% Growth in graduate certificate conferrals between 2007 and 2012 (credit-bearing only) It’s always been assumed that disruption of traditional higher education would begin at the undergraduate level. But if disruption is going to happen, the trends […] point to it starting with graduate and professional education.” - Jeff Selingo, August 2015 And Third Parties Benefiting from… Federal Aid Reducing Barriers to Entry Among More Expensive Entrants Undergraduate Student Debt Leads to Delaying Graduate Degrees Corporate Interest: 44% Companies L&D Arms Experimenting with MOOCs
  • 13. ©2016 The Advisory Board Company • eab.com • 31989E 13 How to Respond Reclaiming Our Value Liberal arts vs. specialized skills Liberal arts and specialized skills complement one another Master’s degrees vs. micro-credentials Lifelong learners -- and employers -- understand value of both longer programs and shorter, just-in-time courses Currently Dominating the Outcomes Conversations Move from today’s narrow ROI outcomes conversation to larger “return on education” Where We Need to Articulate and Enhance Our Value Either/Or Both/And
  • 14. ©2016 The Advisory Board Company • eab.com • 31989E 1 2 3 4 14 ROAD MAP 2015 in Review: The Year of Higher Ed “ROI” Accountability Reclaiming the Outcomes Definition: From ROI to Return on Education Six Strategies for the New Learning Economy Preface: COE Role in Leading Campus Innovation
  • 15. ©2016 The Advisory Board Company • eab.com • 31989E 15 Higher Ed’s Compact with Society Getting to the Both/And Source: EAB interviews and analysis. For the last decades, we’ve really seen a shift from the perception of higher education as public good to private good. That’s most obvious when you look at state funding, but it’s well beyond that. All our funding sources are increasingly at risk.” What worries me is that it’s now not just higher ed’s value as public good that’s being threatened, but as private good too. And that’s being so narrowly defined in terms of a simple cost-benefit equation: your salary at age 22.” What’s Getting Lost in the Public Discourse Keeping Provosts Up at Night “Return on Education” Beyond Salary ROI 1 Education vs. Training: Why it Matters for the Real Skill Gaps 2 The Value of the “Bundle” 3
  • 16. ©2016 The Advisory Board Company • eab.com • 31989E 16 What’s Getting Lost in the Public Discourse #1 “Return on Education” Beyond Salary ROI Source: “28th Annual Survey of Corporate Executives: Availability of Skilled Labor New Top Priority,” Area Development, 2014; “A College System Measures How Low-Paying Degrees Serve the Public Good,” Chronicle of Higher Education, August 5, 2015.  Survey responses to “Does your work make the world a better place?”  Enrollment of minority students, non- traditional gender for field  In-demand career clusters  Concentration of industry in region Measuring the High Personal and Social Value of Low-Paying Degrees Social Utility Index Role of Education in Meeting Regional Needs, Not Just High-Wage Jobs 2014 CEO Survey “What do CEOs consider in making location decisions?” 1. Availability of skilled labor 2. Highway accessibility 3. Labor costs […] 7. Corporate tax rate 11. Tax exemptions 16. Availability of long-term financing 17. Environmental regulations Moved up two places since 2013 survey “How do we calculate the social good of programs that lead to low-paying jobs but are important to communities?” Providing Better Data for Schools and Policy Makers Considering Program Cuts High-value, low-wage fields include social work, firefighters, early childhood education
  • 17. ©2016 The Advisory Board Company • eab.com • 31989E 17 What’s Getting Lost in the Public Discourse #2 When Employers Say “Skill Gap” They Might Mean… Source: EAB interviews and analysis Universal competencies in leadership, empathy, cross-cultural experience Mastery of a skill, process, product, or body of knowledge T-Stem(forInnovation) T-Top (for Collaboration) The “T-Shaped Professional” And Let’s Not Forget the “Whole T” “Hiring has slowed down for those who use software, but we’re still hiring those who can invent new applications for software” Need for Specificity in Technical Needs “Not all engineering or tech jobs require the same exact skills, but policymakers act as if they’re one big bucket.” Universal Skills #1 Need in Surveys and Focus Groups “Our greatest skill gaps at every level are problem-solving, communication, teamwork, and leadership”
  • 18. ©2016 The Advisory Board Company • eab.com • 31989E 18 Top of the T – Beyond Perennial “Kids These Days” Complaints Why the “Soft Skills” Problem is Greater Today Source: Josh Bersin, “Millennials Will Soon Rule The World: But How Will They Lead?,” Forbes, September 12, 2013; Peter Capelli, Will College Pay Off?, Public Affairs, New York, 2015. …While External and Societal Forces Lead to Generational Shifts Higher Demands in Early Career… …With Less Employer- Provided Training… (2015) Younger generations lacking professional skills due to…. • Helicopter parenting • “All styles equally valid” mentality and expectations • Teaching to the test 21% of U.S. employees received any formal training in five-year period (Accenture) …And Most Common Training Topics? Workplace Safety or How to Work New Copiers College Grad Multi-Year Employee Training  Classroom education on business and management basics  Short-term rotations  Coaching and mentoring Post World War II Today Millennials already in leadership positions 50% 41% Young leaders with four or more direct reports (44% only have 3-5 years of work experience)
  • 19. ©2016 The Advisory Board Company • eab.com • 31989E 19 Students Enroll with Expectation of Six Figure Salaries University Speed Not Matching Market Speed; Risks for Students in Overspecializing The Difficulty of Chasing “Hot Jobs” Source: EAB interviews and analysis; Bouree Lam, “The Danger of Picking a Major Based on Where the Jobs Are”, The Atlantic, 6/12/15; Erin Ailworth, “Who Will Hire a Petroleum Engineer Now?”, Wall Street Journal, 5/8/15. Job Demand Supply of Petroleum Engineering Graduates Declining Oil Prices Lead to 6,800 Fewer Jobs in H1 2015 Graduating Students Receive Withdrawals on Job Offers Supply > Demand within 7 years 2015 Hydraulic Fracturing (Fracking) Unexpectedly Revitalizes Oil Industry Responding to Industry Need, Universities Begin Multi-Year New Program Launch Process 2008 “The economy bounces all over the place in terms of jobs that we hear are ‘hot” all the time, like tech jobs. The reason that they’re hot is precisely because you can’t predict them.” Peter Cappelli, Professor, Wharton School of Management The Case of Petroleum Engineers
  • 20. ©2016 The Advisory Board Company • eab.com • 31989E 20T-Shaped Graduate Programs Source: EAB interviews and analysis. Universal competencies in leadership, empathy, cross-cultural experience Mastery of a skill, process, product, or body of knowledge T-Stem(forInnovation) T-Top (for Collaboration) Why Microcredentials Won’t Replace Graduate Program Benefits Supplementing Undergraduate Gaps Master’s degrees often complete the “T” for students whose undergraduate programs were more focused on either the top or the stem 1 Depth Across A Discipline Matters Up the Ladder Not just UX or SEO but how they’re part of larger marketing expertise 2 More Advanced Universal Skills Needed in Middle and Later Career Universal competencies—problem-solving, communication, team-building—require further development across a career 3 The Intersection Between Specialized and Universal Skills More Important (And Difficult) in Leadership Roles 4
  • 21. ©2016 The Advisory Board Company • eab.com • 31989E 21 What’s Getting Lost in the Public Discourse #3 Value of the Bundle Flawed Metaphors for Higher Ed Christensen’s Conflated Business Model Solution Shop Experts take complex problem, find breakthrough Value-Added Processes Take an input and create product of greater value Facilitated Networks Grow interactions among other parties Looking at Record Albums and Cable TV $1.29 songs bought separately instead of $20 albums Why the So-Called Great Unbundling Hasn’t Happened Students shop for university brands, not faculty (unlike artists vs. record labels) Re-bundling even occurring in the music industry Government funding still primarily for bundlers Students must not only gain knowledge, but learn to create and advance it (value of research) Complex challenges require exposure to newest ideas, multidisciplinary connections Source: Mark Schneider and KC Deane, “The University Next Door: What is a Comprehensive University, Who Does it Educate, and Can it Survive?,” 2014; EAB interviews and analysis.
  • 22. ©2016 The Advisory Board Company • eab.com • 31989E 22 Learning-in-Action: A Focus for Universities, and Increasingly Startups Today’s Hottest “Tech”: Experiential Education Headlines Tout Breakthrough Teaching Technology But School’s Value is Surprisingly Experiential • All courses online • But fully residential: students live in urban apt-style lofts • Small seminars, <20 students Intimate, Fully-Residential Experience • Founded by former Snapfish president; Larry Summers and Bob Kerrey on first advisory board • $95M funding to date • Sophisticated proprietary LMS touted by ed tech observers Immersive City Learning Experiences • Practice picking investments at a Silicon Valley start-up incubator • Discuss city planning at a meeting with the Mayor’s Office of Civic Initiatives • Reflect on political freedom at Ai Weiwei art exhibition at Alcatraz Source: EAB interviews and analysis; “Student Life: Cultural Immersion,” Minerva Schools at KGI, https://www.minerva.kgi.edu/students/global_immersion.
  • 23. ©2016 The Advisory Board Company • eab.com • 31989E 1 2 3 4 23 ROAD MAP 2015 in Review: The Year of Higher Ed “ROI” Accountability Reclaiming the Outcomes Definition: From ROI to Return on Education Six Strategies for the New Learning Economy Preface: COE Role in Leading Campus Innovation
  • 24. ©2016 The Advisory Board Company • eab.com • 31989E 24 Redefining the Outcomes Conversation The New Learning Economy Source: “The Learning Economy”, Fellowship of Mind, 2013. B.A. Lundvall Danish Economist Economic value from knowledge of a topic, skill, or process not held by others Economic value from gathering, adapting, and applying knowledge from diverse sources Learning Economy Knowledge Economy Networks even more important— for individuals and organizations Traditional siloes of knowledge less relevant Constant skill and information acquisition needed • Learning to learn—and apply knowledge • Lifelong education • Taking advantage of knowledge networks in higher education New Strategies
  • 25. ©2016 The Advisory Board Company • eab.com • 31989E 25Six Strategies for the New Learning Economy 1 Liberal/universal and professional/specialized education aren’t mutually exclusive— devise ways for them to complement one another for educating T-Shaped Professionals. 2 Use technology to scale experiential education at the undergraduate level, and create learning-in-action opportunities for working professional students Take a page from new entrants—not only find ways to map curriculum to employer needs, but also to demonstrate and assess learning4 “Hot jobs” can change on a dime—create agile program launch processes to adapt to changing workforce needs quickly5 Modernize outreach for the 21st century—use technology to take advantage of higher ed’s strengths at bringing together knowledge networks6 3 Revitalize short format offerings by matching them to lifelong learner needs—learn from bootcamps how to address Millennial preferences, and design stackability pathways from courses to programs
  • 26. ©2016 The Advisory Board Company • eab.com • 31989E 26 Existing Curriculum Professional Skill Identification A Light (But Critical) Lift for Faculty Our Own Students Can’t Articulate Value Helping Students Communicate Non-Content Skills Gained in the Classroom Source: EAB interviews and analysis; Rhonda Joy, Rob Shea, Karen Youden Walsh, “Advancing Career Integrated Learning at Memorial,” Lecture, Cannexus, 2013; “The Liberal Arts in an Era of Underemployment,” Panel, Harvard University, June 18, 2015; Karen Arenson, “New In Liberal Arts: Intro to Job Market”, The New York Times, June, 19, 2004. “With a liberal education, you should be developing certain skills. But we’re not helping students understand they’re developing those skills. Students say, ‘I took a course in Milton’ or ‘I played soccer’ rather than ‘I understand how to interpret difficult texts,’ or ‘I developed teamwork.” Georgia Nugent, Former President, Kenyon College Sample Syllabus – English 111 Class Participation – 10% Students are expected to attend, be prepared, and actively participate. Presentation – 30% Students will form groups and present on a course topic. Portfolio – 30% Students keep a journal to record reading, reflections, and experiences. Competencies Developed by Deans, Faculty, and Administrators  Working within the dynamic of a group  Research skills  Oral presentation skills  Leadership skills  Ability to work within a time frame  Critical thinking skills No course redesign necessary; faculty map existing lessons to competencies Final Exam – 25% Written exam taken in class at the end of the semester. ''We continue to think that a liberal arts education is valuable in the new economy. But it is important for students to know the language -- the jargon -- when they go on the job market.'‘ Adam Weinberg, former Dean of the College, Colgate University
  • 27. ©2016 The Advisory Board Company • eab.com • 31989E 27 Professional-Liberal Arts Linked Certificates A Growing Opportunity for COE Source: EAB interviews and analysis; “Professional Edge Certificate FAQ”, cas.nyu.edu; Peter Stokes, Higher Education and Employability, Harvard Education Press, 2015. Serious students, who can handle extra work • 3.65 GPA; juniors and seniors • CAS pays SPS tuition Enhancing Education of Liberal Arts Undergraduates… School of Professional Studies (SPS) College of Arts and Sciences (CAS) Professional Edge Program …Through Professional Certificates from COE School Ensuring maturity to sit aside working professionals • Application, advisor conversation required • B grade required but won’t count on transcript Art History Major Foreign Language Major Learn to Appraise Art How to Become a Translator
  • 28. ©2016 The Advisory Board Company • eab.com • 31989E 28Six Strategies for the New Learning Economy 1 Liberal/universal and professional/specialized education aren’t mutually exclusive— devise ways for them to complement one another for educating T-Shaped Professionals. 2 Use technology to scale experiential education at the undergraduate level, and create learning-in-action opportunities for working professional students Take a page from new entrants—not only find ways to map curriculum to employer needs, but also to demonstrate and assess learning4 “Hot jobs” can change on a dime—create agile program launch processes to adapt to changing workforce needs quickly5 Modernize outreach for the 21st century—use technology to take advantage of higher ed’s strengths at bringing together knowledge networks6 3 Revitalize short format offerings by matching them to lifelong learner needs—learn from bootcamps how to address Millennial preferences, and design stackability pathways from courses to programs
  • 29. ©2016 The Advisory Board Company • eab.com • 31989E 29 Virtual Team-Based Internships Internships Critical, But Difficult to Scale The Rise of the MOOI Source: EAB interviews and analysis; Irena Bojanova and Rana Khan, “Designing Online Capstone Courses in Partnership with Industry”, 26th Annual Conference on Distance Teaching and Learning, University of Wisconsin, 2010. Student Challenges  Life and work commitments  Relevant opportunities geographically infeasible University Challenges  Time commitment required to manage employer relationships  Academic and administrative infrastructure to link co- curricular to curricular Internships in the Uber-Economy: Crowdsourcing Employer Problems to Learners UMUC Professional Science Masters (PSM) Capstones Include Virtual Internship Not Place-Bound • Discussion boards for student interaction (groups of 3-6) • Weekly conference calls with company rep Two-Way Accountability • Orgs map out deliverable schedule and expectations • Team mid-point reports • 60% of grade “How can technologies spur economic development in small cities? Develop an approach for our public sector strategy.” Target Solvers: Career-changers seeking resume experience “on the side” Employers post projects online Interested in educational partnerships to show employers strength of problem-solvers, recruit alumni as both posters and solvers
  • 30. ©2016 The Advisory Board Company • eab.com • 31989E 30Six Strategies for the New Learning Economy 1 Liberal/universal and professional/specialized education aren’t mutually exclusive— devise ways for them to complement one another for educating T-Shaped Professionals. 2 Use technology to scale experiential education at the undergraduate level, and create learning-in-action opportunities for working professional students Take a page from new entrants—not only find ways to map curriculum to employer needs, but also to demonstrate and assess learning4 “Hot jobs” can change on a dime—create agile program launch processes to adapt to changing workforce needs quickly5 Modernize outreach for the 21st century—use technology to take advantage of higher ed’s strengths at bringing together knowledge networks6 3 Revitalize short format offerings by matching them to lifelong learner needs—learn from bootcamps how to address Millennial preferences, and design stackability pathways from courses to programs
  • 31. ©2016 The Advisory Board Company • eab.com • 31989E 31 Not Just a Coding Bootcamp Source: generalassemb.ly. New Entrants in the Professional Education Space All About the Community Experience “The badges you got in Boy Scouts weren’t about the badges, they were about the Boy Scouts. A credential is not disconnected from the experience and community around it. People don’t join the Boy Scouts to get badges, they join for the network. So you have to start with the network and then build backwards.” Anya Kamenetz, Author DIY U Programs Resemble COE Portfolio:  Data Science  Digital Marketing  Visual Design Teaching leadership Skills  Cross-functional communication  Project management  Motivating teams • 29 offices in 4 countries • Vast majority of courses and certificates offered F2F • Open social events, can use any global office • Networking introductions for job hunters in new cities
  • 32. ©2016 The Advisory Board Company • eab.com • 31989E 32Six Strategies for the New Learning Economy 1 Liberal/universal and professional/specialized education aren’t mutually exclusive— devise ways for them to complement one another for educating T-Shaped Professionals. 2 Use technology to scale experiential education at the undergraduate level, and create learning-in-action opportunities for working professional students Take a page from new entrants—not only find ways to map curriculum to employer needs, but also to demonstrate and assess learning4 “Hot jobs” can change on a dime—create agile program launch processes to adapt to changing workforce needs quickly5 Modernize outreach for the 21st century—use technology to take advantage of higher ed’s strengths at bringing together knowledge networks6 3 Revitalize short format offerings by matching them to lifelong learner needs—learn from bootcamps how to address Millennial preferences, and design stackability pathways from courses to programs
  • 33. ©2016 The Advisory Board Company • eab.com • 31989E 33Employer-Mapped Project-Based Curriculum Sources: EAB interviews and analysis; Rhonda Joy, Rob Shea, Karen Youden Walsh, “Advancing Career Integrated Learning at Memorial,” Lecture, Cannexus, 2013; lhs.medicine.umich.edu. Android Developer NanoDegree  Launched Spring 2015  Developed in partnership with Google to meet developer shortage  Project-based curriculum: employer sees evidence of “real work”; student only takes courses needed to complete  Low-Cost:  $200/mo. for 6-12 mos., with coach support  Google offering 2,000 scholarships  Potential Hiring Advantage:  Top 50 graduates will visit the Google campus and spend 3 days with hiring engineers  Launched Fall 2014  Project-based learning with individual mentor; different faculty assign grades  CBE Elements:  Customized learning plan for each student  Progress by mastering competencies  Traditional Elements:  Personalized, but not at scale  Resembles a tutorial model MS of Health Professions Education
  • 34. ©2016 The Advisory Board Company • eab.com • 31989E 34 Inside-Course Professional Skill Readiness Grade A New Kind of Faculty Endorsement Source: EAB interviews and analysis; statetechmo.edu; Paul Fain, “Technical college puts job readiness and attendance scores on transcripts”, IHE, February 12, 2013; abtech.edu; Paul Fain, “N.C. community college to issue grades, certificates for soft skills, IHE, December 13, 2012. What Faculty Members See But Isn’t Reflected in Final Grade Nascent Efforts at Two-Year Schools to Demonstrate Professional Skills Exhibited in Classroom Desired Professional Attributes  Behavior, attitude, professional presentation  Meets deadlines  Keeps self on task  Allows others to stay on task  Listening skills  Collaborates well in group projects  Respected by others  Goes beyond the minimum  Gives credit to others when it’s due • Student receives job readiness scores in each class • Doesn’t typically impact grade • Rubric co-developed by employer advisory board and faculty • Vision for readiness grades and certificates • Goal for students: understand how college will help with better navigating the workplace • Communicating time demands to professor, similar to future boss Too Much of a Leap for 4-Year Undergraduate, But Possible for Graduate/Professional Education?
  • 35. ©2016 The Advisory Board Company • eab.com • 31989E 35Six Strategies for the New Learning Economy 1 Liberal/universal and professional/specialized education aren’t mutually exclusive— devise ways for them to complement one another for educating T-Shaped Professionals. 2 Use technology to scale experiential education at the undergraduate level, and create learning-in-action opportunities for working professional students Take a page from new entrants—not only find ways to map curriculum to employer needs, but also to demonstrate and assess learning4 “Hot jobs” can change on a dime—create agile program launch processes to adapt to changing workforce needs quickly5 Modernize outreach for the 21st century—use technology to take advantage of higher ed’s strengths at bringing together knowledge networks6 3 Revitalize short format offerings by matching them to lifelong learner needs—learn from bootcamps how to address Millennial preferences, and design stackability pathways from courses to programs
  • 36. ©2016 The Advisory Board Company • eab.com • 31989E 36Fast-Cycle Launch Processes Source: EAB interviews and analysis. • Specializations within existing degrees or certificates can rotate in/out • Both UG and grad; certificate and degree Flexible content Perennial content Perennial content • Course reviews and student information in first certificate cohort inform degree approval process • Students pathed into degree when ready Degree Approval Speed Committees Meet by Need, Not Calendar Electronic or E-Mail Governance Voting 1-5 months (n=10) 70% 40% 6-11 months (n=29) 21% 7% 1-2 years (n=44) 36% 11% 3-5 years (n=18) 0% 0% “Pop-Up” Modules Parallel Processing Degree and Certificate Approval 1 2 3 Just-in-Time Committee Convening COE Organizational Benchmarking Survey Degree Approval 1st Cohort Cert. Approval
  • 37. ©2016 The Advisory Board Company • eab.com • 31989E 37Six Strategies for the New Learning Economy 1 Liberal/universal and professional/specialized education aren’t mutually exclusive— devise ways for them to complement one another for educating T-Shaped Professionals. 2 Use technology to scale experiential education at the undergraduate level, and create learning-in-action opportunities for working professional students Take a page from the MOOCs—not only find ways to map curriculum to employer needs, but also to demonstrate and assess learning4 “Hot jobs” can change on a dime—create agile program launch processes to adapt to changing workforce needs quickly5 Modernize outreach for the 21st century—use technology to take advantage of higher ed’s strengths at bringing together knowledge networks6 3 Revitalize short format offerings by matching them to lifelong learner needs—learn from bootcamps how to address Millennial preferences, and design stackability pathways from courses to programs
  • 38. ©2016 The Advisory Board Company • eab.com • 31989E 38 Community-of-Interest Portal Modernizing Outreach Source: EAB interviews and analysis; myhorseuniversity.com. MY HORSE UNIVERSITY StudentsFaculty State Employees Other Universities Alumni Professional Associations Foundations Corporations ImageCredit:MSU Extending MSU’s Content, Network, and Influence Enthusiasts Webcasts, e-tips newsletters, Facebook pages Scholars National experts database by institution Professionals DVD and online course sales Research Sponsors Look to MSU first for applied horse management research Michigan State University’s MyHorseUniversity.com
  • 39. ©2016 The Advisory Board Company • eab.com • 31989E 39Beyond the Next Big App Hackathons Bring Together Diverse Expertise IMAGECREDIT:BBC.COM. • Annual event draws 450+ researchers, developers, faculty, grad students • Tackle problems in global health, primary care, telehealth, and wearables • Corporate sponsorship includes GE, Microsoft, and Merck  Winning ideas win $250K grants to develop prototype  12 start-ups in operation  Spins off Hacking Medicine Institute to assess value of digital health products Handheld Resuscitator Prevents Infant Deaths in Developing Countries Resuscitator Team: • Automotive Engineer • Pediatrician • Medical Researcher • Electrical Engineer Product Development Overnight Specialists Almost Never in Same Room • Idea to prototype in less than 24 hours • Process normally takes 1-2 years Source: EAB interviews and analysis; “Hackathons Aren’t Just for Coders. We Can Use Them to Save Lives,” Wired, June 2014; hackingmedicine.mit.edu. Social Problem Hackathon
  • 40. ©2016 The Advisory Board Company • eab.com • 31989E 40 Key Takeaways—What’s Getting Lost in the Current Discourse Strategies for the New Learning Economy Strategy Example Tactics 1. Liberal/universal and professional/specialized education aren’t mutually exclusive—find ways to merge them together • Existing Curriculum Professional Skill Identification • Professional-Liberal Linked Certificates 2. Experiential education is critical for learning to apply and adapt knowledge outside the classroom—use technology to scale it at the undergraduate level, and apply it to working professional students • Virtual Team-Based Internships • Crowdsourced Employer Internships 3. Revive short format offerings to match lifelong learner needs by taking a page from boot-camp learnings on Millennial consumers, and designing stackability pathways into degrees • Accelerated Leadership Programs for Millennial Career Advancers Enhanced Enrichment Courses for Early Encore Careerists • Offline Intensives for Tomorrow's Business Owners • Lifetime Enrollment Portfolio 4. Take a page from the MOOCs—not only find ways to map curriculum to employer needs, but also to demonstrate learning • Employer-Mapped Project-Based Curriculum • Inside-Course Professional Skill Readiness Grade 5. “Hot jobs” can change on a dime—create agile program launch processes to adapt to changing workforce needs quickly • “Pop Up” Modules • Degree/Certificate Approval Parallel Process • Just-in-Time Committee Convening 6. Modernize outreach for the 21st century—use technology to take advantage of higher ed’s strengths at knowledge networks • Community-of-Interest Portal • Social Problem Hackathon
  • 41. ©2016 The Advisory Board Company • eab.com • 31989E Higher Ed in the New Learning Economy COE Forum

Editor's Notes

  1. Add to left side where liberal arts enrollments are down.
  2. Speech point Realized employers are more receptive to students talking about competencies over degree or courses Career Fair Experiment by Memorial University: -Split education majors into two groups, approached 8 employers -First group highlighted degree, told they don’t hire education graduates -Second group highlighted competencies, told about several positions they might fit