Is Education an Industry?
Education is undoubtedly an industry and an investment for the future of a nation; together as a means of getting oneself and others. It has worldwide applications with far-reaching impact on humanity.
It is an industry because it employs a huge number of people who are involved in teaching, managing, moderating, revising, and controlling other aspects the same as business. The governments of every nation invest billions of dollars to educate its citizens because they acquire millions of jobs to run a country in the methods its government wants. These people innovate new technologies and help society as a whole for better and more productive approaches to living.
Education Industry is a fundamental need for human growth in Arts, Sciences, and all other branches of learning.
Education Industry is also helpful in personal growth and spiritual seeking for those who like to follow this course to find the purpose of life on Earth. Being spiritual, they think all forms of life in plants, birds, animals as it parallels with human life. The sky’s the limit for those who want more.
Education Industry: An Overview
The Education Industry is composed of establishments that give instruction and training on a variety of subjects.
These institutions, involve schools, colleges, universities and training centers, are either privately or publicly owned. Private institutions may be further divided as “profit” or “non-profit”. We report on publicly traded, profit schools that have a focus on post-secondary education. According to most of the recent data given by the U.S. Department of Education, post-secondary education is being given to about 18.2 million students. Of that population, some 1.4 million are pursuing their education through profit or public schools.
Schools are continuously enhancing enrollment rates in both the traditional and modern formats. Traditional schooling caters to the students those have just completed their high school. Online guidance is more tailored to working youngsters who prefer classes at evening time or during weekends. Online classes basically carry higher margins than the traditional classroom setting, since professors can connect to a larger number of students and there are no direct brick-and-mortar costs. Globalization also augurs well for the industry. Due to internationally outsourcing, there is increasing work pressure on workers in developed countries to increase their skills.
There are two more important things running in the industry’s favor. If we talk about the U.S., it continues to evolve from a manufacturing-based economy to one heavily based on the service sector, profit educators stand to get from offering courses in the information technology sector, healthcare, and business management. And, companies have the chance to tap an enormous under-educated segment of the world population. Lucrative markets include China, Brazil, and other developing countries. A few educationists have already established beachheads in strong overseas regions.
There are many things to keep in mind while investing in any company in the Educational Industry. Investors should look for schools that have continuously increased enrollments, which are getting strong revenue and earnings growth. Favorable new-student starts and high conversion rates are a good point of the company’s prospects. Schools that have plans to enter emerging markets will want to be a “first-mover” advantage and solid long-term growth potential. Institutions that have a value add of top-quality online business can better-expanding demand at the bottom line.
Education is definitely an industry as it includes investment, Profit generation, business models all over the world.