Endicott College Market Research Report
Background
Endicott College, established in 1939 in Beverly, Massachusetts, is a private institution that integrates professional and liberal arts education with experiential learning. Originally founded as a two-year women's college, it transitioned to a four-year coeducational institution in 1994. The college emphasizes a curriculum that combines classroom instruction with practical experience, requiring all bachelor's degree candidates to complete three distinct internships before graduation. This approach aims to prepare students for professional success and personal growth.
Key Strategic Focus
Endicott College's strategic focus centers on providing a comprehensive education that blends academic rigor with real-world experience. The institution offers a wide array of undergraduate and graduate programs across various schools, including Arts & Sciences, Business, Communication, Education, Hospitality Management, Nursing, Sport Science & Fitness Studies, and Visual & Performing Arts. The college's hallmark is its mandatory internship program, designed to equip students with practical skills and industry connections, thereby enhancing their employability upon graduation.
Financials and Funding
As of the end of the 2022 fiscal year, Endicott College's endowment was valued at approximately $119 million, reflecting a 7.65% decline from the previous year. The return on its endowment was -$11.6 million (-9.7%), compared to the 0.773% average return across all Master's Colleges and Universities. In 2022, the college's total salary expenditure was $119 million, with instructional salaries accounting for $12 million paid to 118 employees.
Pipeline Development
Endicott College continually develops its academic offerings to meet evolving educational and industry demands. In 2014, the college introduced its first doctoral program in Educational Leadership in Higher Education. It has since expanded to offer additional doctoral programs, including an Ed.D. in PreK-12 Educational Leadership, a Ph.D. in Applied Behavioral Analysis, and a Ph.D. in Nursing. These programs aim to prepare students for advanced roles in their respective fields.
Technological Platform and Innovation
Endicott College integrates various technological platforms to enhance its educational delivery and administrative operations. The college employs systems such as Workday Studio, Google Docs, Jenzabar, and Zoom to facilitate learning and communication. These technologies support the institution's commitment to providing a modern and efficient educational environment.
Leadership Team
Endicott College's leadership team comprises experienced professionals dedicated to advancing the institution's mission. Dr. Steven R. DiSalvo serves as the President, bringing a wealth of experience in higher education administration. Other key executives include Anthony Ferullo, Vice President of Finance & COO, and Sara Quay, Provost. Their collective expertise guides the college's strategic initiatives and operational management.
Leadership Changes
In 2019, Dr. Steven R. DiSalvo was appointed as the seventh president of Endicott College, succeeding interim president Kathleen Hildreth Barnes. Dr. DiSalvo's inauguration marked a new chapter in the college's leadership, focusing on enhancing academic programs and expanding the institution's reach.
Competitor Profile
Market Insights and Dynamics
The higher education sector in the United States is characterized by a diverse array of institutions offering varied programs and experiences. Endicott College operates within the competitive landscape of private liberal arts colleges in the Northeast, emphasizing experiential learning and professional preparation.
Competitor Analysis
Endicott College's primary competitors include institutions such as Centenary University, Lasell College, Manhattanville College, Centre College, and Thomas College. These colleges offer similar programs and target comparable student demographics. For instance, Centenary University has approximately 954 employees and generates $52.5 million in revenue, while Lasell College employs 379 staff members with a revenue of $76 million.
Strategic Collaborations and Partnerships
Endicott College maintains partnerships with various organizations to enhance its internship and career programs. Notable employer partners include MFS Investment Management, Virtual Inc., Disney College Program, Four Seasons Boston, John Hancock, Electric Insurance, Gorton's Seafood, Putnam Investments, Boston Celtics, PUMA, The Langham Boston, Peabody Essex Museum, Wellington Management, RSM, KPMG, Wayfair, Toast, Education First, US Securities and Exchange Commission, iRobot, and HireClix. These collaborations provide students with valuable professional experiences and networking opportunities.
Operational Insights
Endicott College's commitment to experiential learning through its mandatory internship program distinguishes it from many competitors. This approach ensures that students graduate with practical experience, enhancing their employability. The college's diverse academic offerings and strategic partnerships further strengthen its position in the higher education market.
Strategic Opportunities and Future Directions
Looking ahead, Endicott College aims to expand its academic programs, particularly at the graduate and doctoral levels, to meet the evolving needs of students and industries. The institution also seeks to enhance its technological infrastructure to support innovative teaching methods and improve student engagement. By leveraging its strengths in experiential learning and industry partnerships, Endicott College is well-positioned to adapt to the changing landscape of higher education.
Contact Information
- Website: www.endicott.edu
- LinkedIn: Endicott College LinkedIn Profile
Note: Specific contact details such as addresses, phone numbers, and email addresses have been omitted in accordance with the provided instructions.
