Excelsior University Market Research Report
Background
Excelsior University, established in 1971 and headquartered in Albany, New York, is a private, not-for-profit online institution dedicated to providing accessible and innovative educational opportunities to adult learners. With a mission to serve individuals historically underrepresented in higher education, Excelsior offers a diverse range of programs designed to meet students where they are—both academically and geographically.
Key Strategic Focus
Excelsior University focuses on delivering flexible, high-quality online degree programs tailored for working adults. The institution emphasizes the assessment of prior learning, allowing students to earn credit for previous academic work, military training, and professional experience. This approach enables learners to accelerate their educational journeys and achieve their career objectives efficiently.
Financials and Funding
As of the 2022 fiscal year, Excelsior University reported an endowment valued at approximately $28.3 million, reflecting a 25.4% decline from the previous year. The return on its endowment was -$4.65 million (-16.4%), compared to the 0.773% average return across all master's colleges and universities. The university's total salary expenditure for the same period was $75 million.
Program Development
Excelsior University offers more than 45 degree and certificate programs across six areas of study: business, health sciences, liberal arts, nursing, public service, and technology. In August 2024, the university introduced two new Bachelor of Science programs in Computer Science and Public Health, expanding its offerings to meet the evolving needs of the workforce.
Technological Platform and Innovation
Excelsior University has been a pioneer in online education, developing and offering fully online courses since the early 2000s. The institution's technological platform supports a flexible learning environment, enabling students to access coursework and resources remotely. This innovation aligns with Excelsior's commitment to meeting students' needs academically and geographically.
Leadership Team
- David Schejbal, PhD: President of Excelsior University, leading the institution's strategic initiatives and growth.
- Chris Cassirer, PhD: Provost and Chief Academic Officer, overseeing academic programs and faculty development.
- Christine Thorpe, EdD: Executive Dean of the College of Nursing and Health Sciences, guiding the college's academic and operational strategies.
- Scott Dolan, PhD: Executive Dean of the College of Liberal Arts and Sciences, responsible for the college's academic leadership and program development.
Leadership Changes
In April 2023, Excelsior University announced the establishment of two new colleges: the College of Nursing and Health Sciences and the College of Liberal Arts and Sciences. This restructuring included the appointment of Christine Thorpe, EdD, as Executive Dean of the College of Nursing and Health Sciences, and Scott Dolan, PhD, as Executive Dean of the College of Liberal Arts and Sciences.
Competitor Profile
Market Insights and Dynamics
The online higher education market has experienced significant growth, driven by increasing demand for flexible learning options among adult learners and working professionals. Institutions offering online programs are competing to provide accessible, high-quality education that aligns with workforce needs.
Competitor Analysis
Key competitors in the online higher education sector include:
- Southern New Hampshire University (SNHU): Offers a wide range of online programs with a focus on affordability and student support.
- University of Phoenix: Provides flexible online degree programs tailored for working adults.
- Capella University: Specializes in competency-based education and offers various online degrees.
These institutions, like Excelsior University, aim to serve non-traditional students through flexible and accessible online education.
Strategic Collaborations and Partnerships
Excelsior University collaborates with leading organizations across various sectors to enhance educational opportunities and meet workforce demands. Notable partners include General Electric and the American Nurses Association, among others. These partnerships aim to accelerate talent growth and build management teams by providing students with the knowledge, skills, and credentials that employers trust.
Operational Insights
Excelsior University's strategic focus on adult learners and its commitment to assessing prior learning provide a competitive advantage in the online education market. The institution's flexible learning models and diverse program offerings position it to effectively meet the evolving needs of students and employers.
Strategic Opportunities and Future Directions
Looking ahead, Excelsior University aims to expand its program offerings and enhance its technological infrastructure to support innovative learning experiences. The establishment of new colleges and the introduction of in-demand degree programs reflect the university's commitment to growth and adaptation in the dynamic higher education landscape.
Contact Information
- Website: excelsior.edu
- Social Media:
- YouTube
Excelsior University continues to uphold its mission of providing accessible, high-quality education to adult learners, fostering academic success and career advancement.
