Learning curve: Per-student funding in Pennsylvania has declined drastically, forcing some schools to close

Pennsylvania’s colleges and universities are home to undergraduate and graduate students enrolled in two- and four-year programs that ultimately result in a bachelor’s, master’s or doctoral degree. Due to the discretionary nature of postsecondary education, the trends of several macroeconomic factors typically determine demand for industry services. Strong growth in disposable income, for instance, often boosts demand for industry services, as potential students are able to more easily afford the high and rising costs of attending college. This has been the case over the five years to 2018, with per capita disposable income in Pennsylvania increasing an annualized 2.0%...purchase to read more.

Industry Statistics & Market Size
Revenue
$36bn
Annual Growth 13-18
1.2%
Forecast Growth 18-23
Profit
Employment
143,642
Businesses
153

Industry Threats & Opportunities

  • Declines in the number of college-aged individuals in the state have caused enrollment to decline
  • Industry Report - Industry Locations Chapter

    Pennsylvania's higher education institutions are most commonly located in populous regions of the states, with the three largest regions comprising nearly 80.0% of the population and more than 87.0% of all industry establishments. However, some schools operate multiple campuses across the state. For example, although many of Pennsylvania State University's (Penn State) 24 campuses are situated in or near major cities like Philadelphia and Pittsburgh, three of the university's campuses are found in the Northwest/Great Lakes region of the state, which is home to the fewest number of industry establishments and the smallest share of the population.The Southeast/Philadelphia region comprises the largest share of industry establishments at 38.1% o...purchase to read more.

    Additional Insights for the Colleges & Universities in Pennsylvania Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Colleges & Universities in Pennsylvania 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 Pennsylvania and Government funding for primary and secondary education in the Colleges & Universities in Pennsylvania industry impact industry performance..

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    What's in this report

    What is the Colleges & Universities in Pennsylvania 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 doctorates
  • Research doctorates
  • 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 Pennsylvania
  • Government funding for primary and secondary education
  • Per Capita Disposable Income in Pennsylvania
  • High school retention rate
  • National unemployment rate

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Colleges & Universities in Pennsylvania 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 doctorates
  • Research doctorates
  • Chart: Colleges & Universities in Pennsylvania Industry Products and Services Segmentation

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

  • Basis of Competition
    Barriers to Entry
    Pennsylvania State University, University of Pennsylvania, University of Pittsburgh, Temple University,
  • Table: Pennsylvania State University - financial performance
  • Table: University of Pennsylvania - financial performance
  • Table: University of Pittsburgh - financial performance
  • Table: Temple University - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Colleges & Universities in Pennsylvania 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 Pennsylvania 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.
  • State-Related
  • Pennsylvania's state-related institutions receive some state funding, although less than a typical public school, but operate as private entities.
  • 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 Pennsylvania Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

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

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