Emerging technologies, globalization, and waning government support have sparked a transformation across the $1.5 trillion global higher education sector. It is a transformation inspired by the disconnect between higher education and the rapidly evolving demands of employers and rooted in the moral imperative of expanding access as college costs continue to soar. The transformation reflects the potential for online and blended delivery models to fulfill higher education’s economic and social promise for students, universities, and employers.
Higher education’s transformation is as much about the where and how of learning, as it is about the role of technology in connecting education to the world of work. In College Disrupted: The Great Unbundling of Higher Education, University Ventures Co-Founder Ryan Craig describes the coming unbundling of degrees into shorter, less expensive pathways to employment through the emergence of competency profiles. But he also describes the growth of competency marketplaces that allow employers to shift from pedigree- and degree-based hiring to competency-based hiring.
Higher education’s transformation is giving rise to entirely new pathways to entry-level employment across a wide range of professions. New providers are reducing risk for students through job guarantees, employer-based training, and digital credentials. They are partnering with institutions to develop financing options that reflect the promise and potential of first- generation college students.
University Ventures’ views and commentary have appeared in Forbes, Tech Crunch, The Wall Street Journal, The Chronicle of Higher Education, and Inside Higher Ed, among others. For regular updates on the transformation occurring across the education-to-employment landscape, sign up for the University Ventures Letter, here.