Education higher: Rising per capita disposable income and a greater number of students to boost the industry

The Colleges and Universities industry in Massachusetts comprises all public and private nonprofit postsecondary educational institutions within the state. As per capita disposable income in Massachusetts has increased over the five years to 2018, postsecondary education has become more attainable for students. As a result, the number of college students in Massachusetts has grown at an annualized rate of 0.4%, totaling 523,560 students in 2018. Additionally, increased funding for higher education institutions on both the state and federal levels has further driven industry growth during the period. Over the five years to 2018, the Colleges and Universities industry in Massachusetts is expected to grow at an annualized rate of 2.4%, reaching $23.7 billion in 2018...purchase to read more.

Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 13-18
2.4%
Forecast Growth 18-23
Profit
Employment
159,036
Businesses
129

Industry Threats & Opportunities

  • Increased funding for higher education institutions on both the state and federal levels has further driven industry growth
  • Additional Insights for the Colleges & Universities in Massachusetts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Colleges & Universities in Massachusetts 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 Massachusetts and Per capita disposable income in Massachusetts in the Colleges & Universities in Massachusetts industry impact industry performance..

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    What's in this report

    What is the Colleges & Universities in Massachusetts Industry?

    This industry includes public and private universities and colleges that offer academic courses and grant baccalaureate or graduate degrees. The requirement for admission is a high school diploma or equivalent general academic training. Instruction is typically provided on physical campuses, although online education and other unorthodox settings are gaining popularity. This industry does not include for-profit institutions or community colleges.

    Industry Products
  • Bachelor's degrees
  • Master's 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 Massachusetts
  • Per capita disposable income in Massachusetts
  • Government funding for universities
  • High school retention rate
  • National unemployment rate

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Colleges & Universities in Massachusetts Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Information
  • Professional, Scientific and Technical Services
  • Consumers

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

  • Products & Services
  • Bachelor's degrees
  • Master's degrees
  • Professional doctorate degrees
  • Research doctorate degrees
  • Chart: Colleges & Universities in Massachusetts Industry Products and Services Segmentation

  • Major Markets
  • Students aged 18 to 21
  • Students aged 22 to 29
  • Students aged 30 and older
  • Students under the age of 18
  • Chart: Major Market Segmentation for the Colleges & Universities in Massachusetts Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Colleges & Universities in Massachusetts

  • Basis of Competition
    Barriers to Entry
    Harvard University, Massachusetts Institute of Technology, University of Massachusetts, Boston University, Boston College, Northeastern University, Tufts University,
  • Table: Harvard University - financial performance
  • Table: Massachusetts Institute of Technology - financial performance
  • Table: University of Massachusetts - financial performance
  • Table: Boston University - financial performance
  • Table: Boston College - financial performance
  • Table: Northeastern University - financial performance
  • Table: Tufts University - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Colleges & Universities in Massachusetts 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 Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Enrollment in Industry Institutions (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Endowment
  • 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 the major source of federal student aid. They include loans, grants and federal work-study programs.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Colleges & Universities in Massachusetts Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Colleges & Universities in Massachusetts industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Colleges & Universities in Massachusetts:
    • 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 Massachusetts 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 Massachusetts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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