Pick me: Demand for higher education in Illinois is expected to surge

The Colleges and Universities industry in Illinois has experienced limited growth over the past five years. Government funding for Illinois universities has decreased substantially during the five-year period, particularly limiting the performance of public universities like the University of Illinois. At the same time, rising tuition costs and a declining unemployment rate have deterred many potential students from enrolling in industry institutions, constraining revenue from tuition fees...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Industry revenue has been constrained by poor economic conditions in Illinois
  • Despite negative trends in government funding and student enrollment, the industry has expanded
  • Projected gains in the US financial sector will generate revenue for endowment funds
  • Industry Report - Starting a New Business Chapter

    The Colleges and Universities industry in Illinois is characterized by relatively high barriers to entry due to the significant start-up costs associated with establishing a postsecondary institution. In addition to the costs of acquiring a high-quality staff and gaining accreditation for courses, new institutions experience substantial capital costs in the form of land and infrastructure development, which can be particularly costly in metropolitan areas like Chicago. Moreover, new private institutions often experience strong competition from established colleges and universities that benefit from government funding and endowment income. In the 2015-2016 fiscal year, for example, an estimated 12.2% o...purchase to read more.

    Additional Insights for the Colleges & Universities in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Colleges & Universities in Illinois Industry are

  • Experienced professors
  • Ability to take advantage of government subsidies and other grants
  • Ability to respond to students' needs
  • IBISWorld analysts also discuss how external factors such as Number of college students in Illinois and Government funding for universities in the Colleges & Universities in Illinois industry impact industry performance..

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    What's in this report

    What is the Colleges & Universities in Illinois Industry?

    This industry includes public, private nonprofit and private for-profit universities and colleges in Illinois that offer academic courses and grant degrees at baccalaureate or graduate levels. Instruction may be provided in educational institutions, the workplace or the home and through correspondence, internet or other means. This industry does not include community colleges or revenue generated through hospital affiliations.

    Industry Products
  • Bachelors' degrees
  • Masters' degrees
  • Professional doctorate degrees
  • Research doctorate degrees
  • Industry Activities
  • Providing higher education at colleges (except community colleges)
  • Providing higher education at universities
  • Providing higher education at theological seminaries offering baccalaureate or graduate degrees
  • Providing higher education at professional schools (e.g. business administration, dental, law and medical)
  • Providing higher education at college level military academies
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of college students in Illinois
  • Government funding for universities
  • Per Capita Disposable Income in Illinois
  • S&P 500
  • High school retention rate
  • Unemployment Rate in Illinois

  • Current Performance
  • Economic headwinds
  • Modest growth
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving economic conditions
  • Industry landscape
  • Table: Colleges & Universities in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Colleges & Universities in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Information
  • Scientific Research & Development
  • Consumers

  • Key Selling Industries
  • Book Publishing
  • Book, Magazine & Newspaper Wholesaling
  • Caterers
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Janitorial Services
  • Office Stationery Wholesaling

  • Products & Services
  • Bachelors' degrees
  • Masters' degrees
  • Professional doctorate degrees
  • Research doctorate degrees
  • Chart: Colleges & Universities in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Students aged 18 to 21
  • Students aged 22 to 29
  • Students aged 30 and older
  • Students aged 17 and younger
  • Chart: Major Market Segmentation for the Colleges & Universities in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Colleges & Universities in Illinois

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Colleges & Universities in Illinois Industry

  • Northwestern University, University of Chicago, University of Illinois, DePaul University, Loyola University Chicago, Northern Illinois University,
  • Table: Northwestern University - financial performance
  • Table: University of Chicago - financial performance
  • Table: University of Illinois - financial performance
  • Table: DePaul University - financial performance
  • Table: Loyola University Chicago - financial performance
  • Table: Northern Illinois University - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Colleges & Universities in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Colleges & Universities in Illinois Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • The sum of money and other assets that have been donated to an institution. These funds are typically used in financial investments to yield additional income.
  • General Educational Development (Ged)
  • Tests that certify the taker has high school-level academic skills.
  • Massive Open Online Course (Mooc)
  • An online course aimed at unlimited participation and open access via the internet.
  • Title Iv Programs
  • Programs authorized under Title IV of the Higher Education Act that are a major source of federal student aid. They include loans, grants and federal work-study programs.
  • What Our Customers Say

    Why buy this report?

    The Colleges & Universities in Illinois industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
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    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Colleges & Universities in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Colleges & Universities in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Colleges & Universities in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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