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

Lumerit Education Confidential and Proprietary 2

3

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.

Lumerit Education Confidential and Proprietary

4

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).

5

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

Lumerit Education Confidential and Proprietary 6

75% of students will attend two or more colleges prior to graduation

Education Trend #1Students attending one institution

25%

75%

7

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%

7

8

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.

9

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.

10

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

17Lumerit Education Confidential and Proprietary

18

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

19

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


20

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?

Lumerit Education Confidential and Proprietary 21Lumerit Education Confidential and Proprietary 21

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...

22

23

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

Confidential and Proprietary. Not for public distribution.

24

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

25

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.

26Lumerit Education Confidential and Proprietary

27

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

28

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


29

College: Reimagined

http://lumerit.com/for-employers/

San Antonio – Washington D.C.

www.lumerit.com

[email protected]