April 21, 2004,
Salt Lake City, UT - Surveys
conducted by Online
University Consortium
indicate traditional
universities remain
the preferred choice
for online education
and degree programs.
These findings were
substantiated in a recent
report by Eduventures,
prompting the Consortium
to help clarify the
market by making its
industry checklist available
for public download
at www.onlineuc.net.
The list features seven
important factors for
choosing online education,
and includes buyer preferences
and recommendations
for what to look for
in quality degree programs.
Results from the
Consortium's surveys
of corporate decision-makers
at industry events,
such as the Society
of Human Resources Management
conference, suggest
that when hiring and
promoting, employers
prefer candidates with
degrees from traditional
universities 2:1 over
for-profit providers
such as University of
Phoenix.
Eduventures' recent
market update reinforces
the findings of the
Consortium, stating
that, "As the market
matures, brand strength
will increasingly favor
non-profit institutions." According
to the report, traditional
universities command
significant brand equity,
and will threaten market
share of for-profit
businesses, because
students identify them
as a familiar provider
from which they will
choose an online program
for traditional reasons.
"For-profit providers
enjoyed an initial
surge in popularity
partly
because of convenience," notes
Greg Eisenbarth,
the Consortium's Executive
Director. "However,
the market has shifted
dramatically with
the country's most respected
universities now
offering
quality online degree
programs for greater
choice and flexibility."
"
Industry reports,
including our own studies,
continue to confirm
that traditional universities
remain the trusted and
valued choice," adds
Eisenbarth. "They
provide a balanced education
backed by a reputation
and quality that remain
unattainable by for-profits.
For most individuals
and corporations choosing
an online degree program,
this is critical to
making a successful
decision."
Experts predict for-profits
are at risk as they
come under increased
scrutiny by regulators
for mediocre success
rates of students.
Accrediting bodies
such as The Association
of Advanced Collegiate
Schools of Business
agree. It has refused
to accredit the business
schools of several
for-profits, citing
the schools' inability
to provide sound
programs for quality
education.
Along with the industry
checklist, results
from Online UC's
initial preference
studies can be reviewed
at http://www.onlineuc.net/shrmstudy.html
A summary of Eduventures'
report, "Online
Distance Education
Market Update: A
Nascent Market Begins
to Mature" is
here.
About Online University Consortium
Online UC was founded by leading universities to help companies and employees
secure quality online education, high return on investment and relevant
degree programs from trusted institutions of higher education. For
more information, call 435.649.2190 or visit www.onlineuc.net.