Taking notes: Enrollment numbers remain high, while reduced state funding continues to strain

The Colleges and Universities industry in New York has experienced modest growth over the past five years as recovering funding levels have bolstered industry revenue. In recent years, most industry institutions have benefited from overall improvements in the US financial sector, which have stimulated donations from private entities while fueling investment revenue for university endowments. Demand for higher education in New York is expected surge over the next five years as substantial growth in the state's per capita disposable income is compounded by legislation that aims to eliminate tuition costs for middle class students attending public four-year colleges in New York...read more.

Industry Statistics & Market Size
Revenue
$42bn
Annual Growth 12-17
3.0%
Forecast Growth 17-22
Profit
Employment
266,619
Businesses
312
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Industry Threats & Opportunities

  • Colleges have experienced increased enrollment, but are receiving less state funding
  • Many schools have increased tuition to make up for budget shortfalls
  • This industry will continue to experience significant external competition
  • Industry Report - Industry Investment Chapter

    The Colleges and Universities industry in New York is relatively labor-intensive due to the substantial costs of attracting and retaining a well-qualified teaching staff. Consequently, industry institutions are expected to spend just $0.22 on capital investments for every dollar spent on wages in 2017, which is consistent with the overall education sector of the economy.Over the five years to 2022, capital investments are projected to increase as a share of total industry revenue as the proliferation of online programs reduces the need for academic and support staff. Online courses also require investments in technology to support program delivery, a factor that will likely increase capital costs. At ...purchase to read more.

    Additional Insights for the Colleges & Universities in New York Industry

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

  • Having a good reputation
  • Effective cost controls
  • Ability to raise revenue from additional sources
  • IBISWorld analysts also discuss how external factors such as Number of college students in New York and Government funding for universities in the Colleges & Universities in New York industry impact industry performance..

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    What is the Colleges & Universities in New York Industry?

    This industry includes public, private nonprofit and private for-profit universities and colleges in New York 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
  • Colleges (except junior colleges)
  • Military academies, college level
  • Professional schools (e.g., business administration, dental, law, medical)
  • Theological seminaries offering baccalaureate or graduate degrees
  • Universities
  • 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 New York
  • Government funding for universities
  • S&P 500
  • Per Capita Disposable Income in New York
  • High school retention rate

  • Current Performance
  • Increased funding
  • Lackluster enrollment
  • Chart: Revenue Growth

  • Industry Outlook
  • Free college will fuel growth
  • Industry landscape
  • Table: Colleges & Universities in New York Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Professional, Scientific and Technical Services
  • Scientific Research & Development
  • Consumers

  • Key Selling Industries
  • 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 New York Industry Products and Services Segmentation

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

  • Basis of Competition
  • Internal competition
  • External competition

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

  • New York UniversityColumbia University in the City of New YorkCornell UniversityThe City University of New YorkThe State University of New YorkSyracuse University
  • Table: New York University - financial performance
  • Table: Columbia University in the City of New York - financial performance
  • Table: Cornell University - financial performance
  • Table: The City University of New York - financial performance
  • Table: The State University of New York - financial performance
  • Table: Syracuse University - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Colleges & Universities in New York 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 New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of college students in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Full-Time Equivalent (Fte)
  • The measure of staff and student numbers in full-time equivalents, rather than part-time loads.
  • Test Of English As A Foreign Language (Toefl)
  • A test required by many institutions for international students applying to study in the United States.
  • Title Iv Programs
  • Programs authorized under Title IV of the Higher Education Act and are the major source of federal student aid; they include loans, grants and federal work-study.
  • Why buy this report?

    The Colleges & Universities in New York Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 New York:
    • 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 New York 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 New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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