Community Colleges Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/24/2017
SIC Codes: 8222
NAICS Codes: 6112
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Community Colleges Industry Profile

Establishments in this industry provide academic and occupational courses of study and grant associate degrees, certificates, or diplomas below the baccalaureate level. Major US community colleges include Houston Community College, Ivy Tech Community College, Lone Star College, Northern Virginia Community College, and Tarrant County College.

Community colleges are becoming increasingly popular outside the US as avenues for addressing workforce needs and expanding access to higher learning. India’s government oversees about 240 community colleges, and more than 360 are run by non-governmental organizations. Almost 3 million students are enrolled in further education (FE) colleges in the UK, according to the Association of Colleges. Similar models have also been widely adopted in Israel, Thailand, Japan, South Korea, and France.

The US has about 1,600 community colleges with combined annual revenue of about $60 billion.

Institutions that grant baccalaureate and higher-level degrees are covered in the Colleges and Universities profile; technical and trade schools are addressed in the Education & Training Services profile.

COMPETITIVE LANDSCAPE

Demand depends on the demographic composition of the communities that surround a school and local employment needs. The profitability of individual institutions depends on efficient operations. Large community colleges have advantages in being able to offer a broader range of programs. Smaller institutions can compete effectively by specializing.

About 55% of US community colleges are public institutions; the rest are operated by private entities. About 40% of the approximately 17 million ...

 
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