Tuesday, 28 July 2020

Which Colleges Will Survive the Coronavirus

Scott Galloway is a professor at NYU, tech entrepreneur, author, and popular podcaster.  His article This Chart Predicts Which Colleges Will Survive the Coronavirus has caused quite a stir in colleges and universities across the country. 

The reason for the stir is the chart suggests a large number of colleges will fail and even more will struggle going forward.  His chart (click to enlarge) is below.  

Galloway chart

Upsetting colleges, even more, is he names names.  And being listed as college likely to "perish" is not good PR.  

Galloway backs up his chart with a detailed analysis of the 438 US universities and colleges ranked by US News & World Report's top National University and National College rankings.

The analysis results in an index score for colleges that lumps the 438 colleges into 4 buckets - Thrive, Survive, Struggle and Perish.

Like all index-based ranking systems, there's plenty to quibble with if you don't like the scores.  But while we aren't all that knowledgeable about colleges, we have built multiple index ranking systems and this one looks pretty good to us.

You may ask why are we covering this in a blog focused on the future of work, small business and the gig economy?

The answer is colleges are facing the same set trends, shifts and dislocations as businesses and workers are.  So it's interesting to see how they're reacting.



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