20131001 BH Report: US Higher Education Comps
Upcoming SlideShare
Loading in...5
×
 

20131001 BH Report: US Higher Education Comps

on

  • 147 views

20131001 BH Report: US Higher Education Comps

20131001 BH Report: US Higher Education Comps

Statistics

Views

Total Views
147
Views on SlideShare
147
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

20131001 BH Report: US Higher Education Comps 20131001 BH Report: US Higher Education Comps Presentation Transcript

  • BH Report: US Higher Education Comps 2013/10/1
  • Context • This report is put together on behalf of a friend of mine, a European who is now in recruiting position for a top-tier company in the US • Never having revived higher education in the US, he was struggling with the names of schools... simply put, he could not really calibrate his expectations for different candidates based on schools (which is the first point of consideration for any recruiting process) • I tried to help him in couple occasions, telling him everything I knew about certain names, but I quickly realized that my own understanding of US higher education & how schools stack up against each other in terms of key metrics (admission rate, test scores, etc.) was quite lacking beyond my own school + couple other schools – This is mainly because there are SO many schools, and that even the top 100 schools only account for ~12% of new student enrollment • Through the conversation with him, we put together a dataset on ~2,300 higher education institutions, segmented these institutions based on publicly available school rankings, and analyzed how below metrics differ among the segments: (1) admission rate, (2) enrollment rate, (3) SAT score, (4) graduation rate, (5) professor salary, (6) tuition
  • How many people? How many schools? In 2012, ~1.6 million people1 ... submitted total of ~9 million applications (on average, 6 applications per person) ... to ~2,300 higher education institutions 1. Assumed that everyone who applied at least enrolled in some institution in the end; this number may be larger if there is non-trivial number of people who applied, but did not enroll into any institutions Source: IPEDS data center
  • Which are the top 100 institutions in US? (according to Forbes1 ... other rankings included in appendix) Top 1-10 Top 11-25 Top 26-50 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Stanford University Pomona College Princeton University Yale University Columbia University in the City of New York Swarthmore College United States Military Academy Harvard University Williams College Massachusetts Institute of Technology University of Pennsylvania Brown University Amherst College University of Chicago Duke University Dartmouth College Northwestern University California Institute of Technology Cornell University Bowdoin College Washington and Lee University University of California-Berkeley Wellesley College University of Notre Dame Tufts University Georgetown University Vassar College United States Naval Academy University of Virginia-Main Campus University of Michigan-Ann Arbor United States Air Force Academy Davidson College Rice University University of California-Los Angeles Boston College Colgate University Vanderbilt University University of North Carolina at Chapel Hill Wesleyan University Bryn Mawr College Middlebury College Carnegie Mellon University Haverford College College of William and Mary Carleton College Johns Hopkins University Hamilton College Lafayette College Colby College Oberlin College Top 51100 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Brandeis University Harvey Mudd College University of Illinois at Urbana-Champaign Barnard College University of Washington-Seattle Campus New York University Washington University in St Louis Union College Smith College Wake Forest University University of Rochester Whitman College University of Southern California Grinnell College Reed College The University of Texas at Austin Cooper Union for the Advancement of Science and Art University of Wisconsin-Madison Kenyon College Lehigh University College of the Holy Cross Santa Clara University University of Maryland-College Park University of Florida Brigham Young University-Provo Colorado College George Washington University Trinity College Villanova University Centre College Southern Methodist University Macalester College Georgia Institute of Technology-Main Campus Mount Holyoke College Boston University Franklin and Marshall College Virginia Military Institute University of Richmond Case Western Reserve University University of Georgia Sewanee-The University of the South DePauw University Pennsylvania State University-Main Campus United States Coast Guard Academy Scripps College University of California-Santa Barbara Indiana University-Bloomington Wheaton College University of California-Davis Pepperdine University 1. There are millions of rankings published by different guys. I selected Forbes for the purpose of the research simply because it had a long list & included both universities and liberal arts in a single list
  • How is # of students distributed (1)? % of applications, by school ranks % of enrollment, by school ranks % % 100 100 88.3% 80.7% 80 80 60 60 40 40 ~19% 20 ~12% 20 2.4% 3.6% 4.6% 8.7% 0 0 Top 1-10 Top 11-25 Top 26-50 Top 51-100 Below top 100 0.7% 1.5% 2.5% Top 1-10 Top 11-25 Top 26-50 7.0% Top 51-100 Top 100 schools only represent ~19% of applications and ~12% of enrollments Source: IPEDS data center; Forbes Below top 100
  • How is # of students distributed (2)? Top 20 institutions with largest enrollment Size rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Name Arizona State University Michigan State University Texas A & M University-College Station The University of Texas at Austin Indiana University-Bloomington Pennsylvania State University-Main Campus University of Arizona Ohio State University-Main Campus University of Illinois at Urbana-Champaign University of Missouri-Columbia Purdue University-Main Campus The University of Alabama University of Florida Rutgers University-New Brunswick University of Michigan-Ann Arbor University of Central Florida University of Wisconsin-Madison University of California-Los Angeles University of Washington-Seattle Campus Florida State University Forbes ranking 101+ 101+ 101+ 66 97 93 101+ 101+ 53 101+ 101+ 101+ 74 101+ 30 101+ 68 34 55 101+ Top 20 total Enrollment 9,254 8,354 8,143 8,092 7,613 7,366 7,300 7,215 6,921 6,501 6,476 6,397 6,289 6,170 6,148 6,082 5,828 5,825 5,788 5,738 137,500 % Enrollment 0.6% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 8.6% Even top 20 largest schools (which are pretty much all state schools) represent less than 10% of enrollment Source: IPEDS data center; Forbes
  • How tough to get in? % admission rate Observations Below bars show the range between top 10% and bottom 10% of the institutions % 100 95% • Even within the same bucket of school ranks, the variations between top 10 and bottom 10% are large (~2-3x) 80 63% 60 40 43% 34% 23% 20 22% 14% 15% 11% 0 7% Top 1-10 Source: IPEDS data center; Forbes Top 11-25 Top 26-50 Top 51-100 • Not surprisingly, it is harder to get into higher ranked institutions Below top 100
  • How fierce is competition among institutions? % enrollment rate Observations (% of admitted students who actually enrolled) Below bars show the range between top 10% and bottom 10% of the institutions % 100 90% 84% 80 60 40 54% 41% 51% 50% 38% 31% 20 20% 20% Top 51-100 Below top 100 0 Top 1-10 Source: IPEDS data center; Forbes Top 11-25 Top 26-50 • In general, % enrollment rate is not that high (implying that many students apply to multiple institutions and receive multiple acceptance) – It must be tough for the institutions to accurately forecast how many students will actually enroll... no wonder why they like phased admission process • Variation is quite large at top 1-10 institutions (84% vs. 41%) ... this is probably because of the high probability of cross-offers to "good candidates"
  • Test scores? SAT score (Math + Critical reading) of 25th %-tile student Observations Below bars show the range between top 10% and bottom 10% of the institutions • General tendency of higher test scores for higher ranked schools – but the difference/tendency is not definitive for top 100 institutions Score 1500 1410 1294 1392 1332 1270 1294 1190 1070 1090 1000 790 – Top 1-10 and 11-25 virtually the same (i.e., should have on average ~650-700 scores for both Math and Critical Reading) – Top end of top 26-50 institutions higher than lower end of top 1-25 institutions 500 0 Top 1-10 Source: IPEDS data center; Forbes Top 11-25 Top 26-50 Top 51-100 Below top 100
  • How easy to graduate? % graduation rate Observations Below bars show the range between top 10% and bottom 10% of the institutions % 100 97% 92% 96% 90% 80 93% 90% 87% 77% 78% • I was surprised to see that graduation rate is higher for higher ranked institutions (as I previously thought it was tougher to get through) • This is probably because of the selfselection (i.e., only people who are likely to complete the program get admitted) 60 40 26% 20 0 Top 1-10 Source: IPEDS data center; Forbes Top 11-25 Top 26-50 Top 51-100 Below top 100 • Top 100 institutions are more or less the same, but the figures for below top 100 institutions is startling...
  • How well paid are the professors? Average professor salary Observations Below bars show the range between top 10% and bottom 10% of the institutions • As I heard previously, professor salary is pretty good, and the gap between higher ranked/ lower ranked school is not as big as I expected, meaning... $K 200 195 178 159 144 150 112 53 129 • ... professors are better paid by top institutions – About 2x if compare average of top 1-10 vs. below top 100 • ... however, the lower end of top 1-10 schools is not much higher than the higher end of below top 100 schools 136 113 100 95 50 0 Top 1-10 Source: IPEDS data center; Forbes Top 11-25 Top 26-50 Top 51-100 Below top 100
  • How expensive? Tuition1 Observations Below bars show the range between top 10% and bottom 10% of the institutions • In general, higher education is expensive, and this does not differ by much by school ranks $K 50 45 40 45 45 44 41 33 36 30 – Top end in any of the top 100 school rank buckets ends up being around ~$45K p.a. 31 – Top end of below top 100 institutions is still very expensive (~$33K) 28 20 10 11 0 Top 1-10 Top 11-25 Top 26-50 Top 51-100 Below top 100 1. Based on out-of-state tuition for state schools for fair comparison purposes Source: IPEDS data center; Forbes • Really, the only "bargain" is if one receives scholarship OR if one goes to state school and pays in-state tuition
  • Appendix
  • Other top higher education rankings US News (University ranking) • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Princeton University Harvard University Yale University Columbia University Stanford University University of Chicago Duke University Massachusetts Institute of Technology University of Pennsylvania California Institute of Technology Dartmouth College Johns Hopkins University Northwestern University Brown University Washington University in St. Louis Cornell University Vanderbilt University Rice University University of Notre Dame Emory University Georgetown University University of California–​Berkeley Carnegie Mellon University University of California–​Los Angeles University of Southern California University of Virginia Wake Forest University Tufts University University of Michigan–​Ann Arbor University of North Carolina–​Chapel Hill Boston College Brandeis University College of William and Mary New York University University of Rochester Georgia Institute of Technology Case Western Reserve University Pennsylvania State University–​University Park University of California–​Davis University of California–​San Diego Boston University Lehigh University Rensselaer Polytechnic Institute University of California–​Santa Barbara University of Illinois–​Urbana-​Champaign University of Wisconsin–​Madison University of Miami Yeshiva University Northeastern University University of California–​Irvine US News (Liberal Arts College ranking) • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Williams College Amherst College Swarthmore College Bowdoin College Middlebury College Pomona College Carleton College Wellesley College Claremont McKenna College Davidson College Haverford College United States Naval Academy Vassar College Hamilton College Washington and Lee University Harvey Mudd College Grinnell College United States Military Academy Wesleyan University Colgate University Smith College Bates College Colby College Macalester College College of the Holy Cross Oberlin College Scripps College United States Air Force Academy University of Richmond Bryn Mawr College Colorado College Barnard College Bucknell University Kenyon College Pitzer College Lafayette College Trinity College Bard College Mount Holyoke College Sewanee–​University of the South Occidental College Soka University of America Union College Whitman College Connecticut College Dickinson College Franklin and Marshall College Skidmore College Centre College Denison University Business Insider • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Massachusetts Institute of Technology Stanford University Harvard University Yale University Princeton University California Institute of Technology Columbia University Dartmouth College University of Pennsylvania Cornell University United States Naval Academy Johns Hopkins University United States Military Academy University of Chicago Duke University University of California - Berkeley Brown University Carnegie Mellon University Northwestern University Georgetown University University of Michigan — Ann Arbor University of Virginia University of Notre Dame Georgia Institute of Technology New York University University of North Carolina — Chapel Hill Williams College Vanderbilt University Rice University Amherst College University of California — Los Angeles Rensselaer Polytechnic Institute Emory University Harvey Mudd College Washington University in St. Louis Wellesley College Swarthmore College Tufts University Boston College University of Southern California College of William & Mary MIddlebury College University of Wisconsin — Madison Colgate University Vassar College Wesleyan University Bowdoin College Wake Forest University University of California — Davis Davidson College
  • Disclaimer This document is provided for general information only and nothing contained in the material constitutes a recommendation for the purchase or sale of any security. Although the statements of fact in this report are obtained from sources that I consider reliable, I do not guarantee their accuracy and any such information may be incomplete or condensed. Views are subject to change on the basis of additional or new research, new facts or developments.