Macro Trends Shaping
Higher Education
An Opportunity for
Chief Learning OfficersRick Beyer, CEO Lumerit Education
Chief Learning Officer Conference NYC – March 8, 2017
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Discussion Overview
• Macro trends in higher education - The Greatest impact and opportunity for CLO’s.
• The World Economic Forum and IBM CEO studies regarding the top ten needs for the global work force and the unique opportunity for CLO’s.
• Constructing the college degree(s), and learning outcomes through the eye of the CLO.
• Addressing employee retention and development through a global digital class room.
3Lumerit Education Confidential and Proprietary
Rick Beyer, CEO Lumerit Education
Rick Beyer—Chief Executive Officer. Rick has a unique combination of experience in higher education and business. A former college president and board governance chair, successful technology CEO, and senior operating executive of a $1 billion public company, Rick has consistently been at the forefront of industry-leading initiatives and has a successful history of navigating organizations through change and growth.
Rick is currently a Senior Fellow and a former member of the board of directors at the Association of Governing Boards of Universities and Colleges (AGB), a national governance organization for higher education with more than 1,900 member institutions. He has served on the board of trustees at American University as well as his alma mater, Olivet College, including serving as board chair and now trustee emeritus. Rick has served as president, president emeritus at Wheeling Jesuit University, and has also held senior executive positions at Trimble Navigation, Ltd. (NASDAQ: TRMB) and Qualcomm (NASDAQ:QCOM).
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As a College President
• Experienced the trends of students attending multiple institutions
• The change in degree construction components
• The change in policies and regulations regarding the number of credits accepted from external sources
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• The need for “Go-To People”
• The need for “Organizational Maturity”
• The need for Future leaders
As a Corporate Executive
My Two Perspectives
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75% of students will attend
two or more colleges prior to
graduation
Education Trend #1
Students
attending one
institution 25%
75%
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75% of learning content
may originate from
outside of the degree
granting institution
Education Trend #2
Accreditors
allow institutions
to grant a
degree with a
minimum of 25%
of internally
generated
content
25%
75%
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Through my own lens…
• Imagine the ability to curate and/or create content which aligns with both corporate development needs and the academic policies of colleges and universities.
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Scaling - The power of
10X to 100x
• Examples of 1-2 colleges developing corporate relationships focused on cost and hybrid degrees.
• Examples of 1-2 college transcribing training courses into college credit – 2.5% to 5% of the degree structure.
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One-Off Examples
• 500+ colleges with special costs and customized degree focus.
• Imagine 30% to 50% of the college degree components designed by the CLO or corporation.
Designing skills and expectations
within the degree
1. Theoretical Skills – Abstract concepts
2. Applied Skills – Subject matter knowledge
3. Work Force Skills – Personal attributes
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An opportunity for the CLO to impact all three areas within higher education
Expectation GapWhat External Constituents are Saying
Forbes on Education
“No field operates more
inefficiently than education.
A new breed of disruptors is
finally going to fix it.”
IBM GLOBAL CEO STUDYInsights from 1,500 CEOs and
3,600 Students in 60 Countries
McKinsey on Education
“Students don’t believe
traditional education drives
job skills. Bottom line. Skills
matter. Hard to get them.”
1,500 CEO’s on Education
“#1 CEO challenge is hyper-
complexity. Higher Ed is not
equipping graduates with the
right mindset or skills.”
© AGB Institutional Strategies | 11
IBM CEO Higher Education Study
Survey of 1,500 global CEO’sTop Ten Global Skills Needed
Given the apparent abundance of available
talent, why do many industry leaders and
other employers continue to complain about a “skills gap” ?
World Economic Forum
Degree Construction Influence
Big MajorsBusiness, Psychology,
Communications, Applied Science,
Liberal ArtsOrg. Leadership
EngineeringSTEM
NursingAllied Health
Opportunities for Learning Outcome Influence by the CLO
Policies, academic requirements and institution are variables
Sample Degree Components
© AGB Institutional Strategies | 15
General Education CoreRequirements
30%
Electives
33%
Academic Major
37%
Total of 40 classes – 120 creditsFor a typical degree plan structure
General Education Core Requirement
ElectivesThe CLO
Opportunity to Specify Learning Outcomes which align to corporate
needs33% to 50%
A low of eight to a high of twenty
coursesScaled Across +500
olleges
Academic Major
Total of 40 classes – 120 creditsFor a typical degree plan structure
The CLO Opportunity in Degree Construction
CLO impact on the college degree
• Shaping the degree components through the eyes of the CLO - What learning outcomes does your enterprise require?
– Theoretical Skills – Abstract concepts
– Applied Skills – Subject matter knowledge
– Work Force Skills – Personal attributes
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75% Trends The world is your classroom
Central Registrar’s Office
• Provides the tools and academic resources for employees to construct a forward course progression plan – to complete their degree
– A road map for success• Taking into consideration employee time, goals, budget,
TAP policies, learning style, major and the target institution of choice by the student
– Can also include corporate learning objectives as part of the degree plan construction
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Self-Paced
Online
Professional
Studies
Course
Portfolio
Assessment
Faculty
Led
Online
Classroom
Based
Onsite
Competency
Based
Exam
PERSONALIZED
TO THE
STUDENT
How Do You Want To Experience COM 301?
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Lumerit Education Confidential and Proprietary 21Lumerit Education Confidential and Proprietary 21
Employee
meets with Lumerit
Scholar
Registrar’s Office
Students gradutate
from their target
institutution
Classes are
assigned to the
student’s
target institution
Classes are
transfersed to the
targeted instition –
up to three year’s
worth of credits
Formal course
progression degree
plan is created to
a target institution
of choice
Students take their
courses through the
Global Digital
Classroom
Digital
Global
Classroom
1.
2.
3.
4.5.
6.
I am a Lumerit Scholar and will be graduating from...
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Lumerit receives no compensation from colleges or universities, which enables us to focus exclusively on the needs of students, from degree planning and mapping to success coaching. – More than 500 available colleges and universities
Unbiased College Selection
Arizona State UniversityArt Institute of PittsburghBall State UniversityBerklee College of MusicBiola UniversityCalifornia State UniversityCleveland State UniversityColorado School of MinesColorado State UniversityDelaware State UniversityEast Carolina UniversityEastern Michigan UniversityFlorida CollegeFlorida State UniversityGrand Valley State UniversityHarding UniversityHope CollegeHuntington College of HealthHuntington UniversityHouston Baptist UniversityIdaho State UniversityIndiana Wesleyan UniversityLiberty University
University of AlabamaUniversity of AlaskaUniversity of ArkansasUniversity of CaliforniaUniversity of ColoradoUniversity of MaineUniversity of MarylandUniversity of MissouriUniversity of MontanaUniversity of New EnglandUniversity of North CarolinaUniversity of North Dakota SEMUniversity of North FloridaUniversity of OklahomaUniversity of OregonUniversity of Rhode IslandUniversity of Southern CaliforniaUniversity of St. ThomasUniversity of TexasVirginia Tech
Michigan State UniversityMontana TechNorth Dakota State UniversityNorthern Illinois UniversityNorthwestern CollegeOhio State UniversityOklahoma Christian UniversityOld Dominion UniversityPennsylvania State UniversityPurdue UniversityRegent UniversitySavannah College of Art and DesignSeattle Pacific UniversitySimpson UniversitySoutheastern UniversitySouthern Polytechnic State UniversityState University of New YorkTexas A&M UniversityTexas Christian UniversityTexas Tech UniversityThomas Edison State UniversityTroy University
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Confidential and Proprietary. Not for public distribution.
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As a Lumerit Scholar
Cost of Degree $ 65,040 $ 39,390
Tuition Assistance $ 15,000 $ 15,000
Net Cost to Student $ 50,040 $ 24,390
Employee Savings:$25,650
Blending 75 credits through the Global Digital Classroom and 45 through Penn StateStudents have the option to earn up to 90 credits through the Global Digital Classroom
I am a Lumerit Scholar and will be graduating from: Penn State
Confidential and Proprietary. Not for public distribution.
Lumerit Education has helped more than 14,000 students from 23
countries with their college journey.
Bridging the Gap
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Case Study
• 2016 case study by Lumerit Education of a major corporation with more than 100,000 employees
– Found 87% of employees were spending more time and money, both out of pocket and via tuition assistance programs to complete their degree.
– Lumerit Scholar program was implemented without changing a single corporate policy.
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Extrodinarily Student Centric*
Greater Convenience and Flexibility
Faster Degree Completion
Lower Cost
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* Employees have rewarded the Lumerit Scholar, Central Registrar’s Office with a world class Net Promoter Score (NPS) of 80
Summary
• The macro trends shaping higher education align incredibly well with corporate learning needs
• The CLO can play a very important role in aligning corporate development needs to employee degree completion
• A Global Digital Classroom can offer opportunities for corporate content contribution as well as significant employee satisfaction and engagement
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College:
Reimagined
http://lumerit.com/for-employers/
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San Antonio – Washington D.C.
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