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Trillion Dollar Post-Secondary Market

by | Mar 14, 2015 | Uncategorized | 2 comments

This report from Georgetown has some interesting data on expenditures on post-secondary education – focused on corporate spending. A few overall numbers:
Total post-secondary expenditures = $1.1 Trillion
• Academic Schools = $407 B
4-Year Colleges = $347 B
2-year = $60 B
• Certificate programs, etc. = $47 B
• Federal Job Training = $18 B
• Businesses = $590 B
Informal Training (OJT) = $413 B
Formal Company-paid = $177 B
 In-house Training = $46 B
 Contracted out = $33 B
 Tuition reimbursement = $16 B

They also point out that only 3% of corporate-paid training is directed to those 24 and younger.

2 Comments

  1. andflywrite
    andflywrite on March 15, 2015 at 11:57 am

    Fascinating report. Whets one’s appetite for similar information about learning in US and who is doing it and who is paying for post secondary education.

    Not sure if post secondary means you would have already gotten a HS degree or GED…or whether you have simply passed that “age” in life. As we know, there’s a huge training and ed market for those who have gotten into their twenties without completing secondary levels.

    See next comment for big caveat on this report.

    • andflywrite
      andflywrite on March 15, 2015 at 11:59 am

      Troubled by the seemingly out of date data being used, although it says the 1995 data set was the latest available. That’s 20 years ago, way before the impact of online learning even began to be registered in the data fields referred to.

      In this report, we utilize two primary data sources: the 1995 Survey of Employer-Provided Training and the 2013 Current Population Survey Annual Social and Economic Supplement.

      The 1995 Survey of Employer-Provided Training was administered by the Department of Labor’s Bureau of Labor Statistics. It contains data related to formal training such as hours of training; employer spending on training; and costs of training as measured by the wages and salaries of trainees.

      This is the most recent data source that examines employer-provided training in the United States. The 2013 Current Population Survey Annual Social and Economic Supplement includes data on workers that include education and other demographic characteristics.

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