Rider University Market Research Report
Background
Overview
Rider University, established in 1865, is a private, coeducational institution located in Lawrenceville, New Jersey. The university offers a comprehensive range of undergraduate and graduate programs across various disciplines, including business, education, liberal arts, sciences, music, and fine and performing arts. Rider is committed to providing a transformative educational experience that empowers students to thrive both academically and personally.
Mission and Vision
Rider University's mission is to prepare students for responsible citizenship, life, and career success in a diverse and interdependent world. The university emphasizes student-centered education, leadership development, and a culture of academic excellence.
Industry Significance
As a regionally accredited institution, Rider University holds specialized accreditations from prestigious organizations, including the Association to Advance Collegiate Schools of Business (AACSB) and the Council for the Accreditation of Educator Preparation (CAEP). These accreditations underscore Rider's commitment to maintaining high educational standards and its significance in the higher education landscape.
Key Strategic Focus
Core Objectives
Rider University aims to provide a student-centered education that bridges theoretical knowledge with practical application. The university focuses on cultivating leadership skills and fostering a culture of academic excellence.
Areas of Specialization
The university offers over 60 undergraduate majors and more than 40 graduate degrees and certificate programs. Key areas of specialization include business administration, education, liberal arts, sciences, music, and fine and performing arts.
Primary Markets
Rider University primarily serves undergraduate and graduate students seeking comprehensive education in the aforementioned disciplines. The university attracts students from diverse backgrounds, with representation from 65 countries and 36 U.S. states and territories.
Financials and Funding
Revenue and Expenses
For the fiscal year ending June 2023, Rider University reported revenues of $196,010,794 and expenses totaling $218,953,226, resulting in a net loss of $22,942,432. The university's net assets stood at $85,277,774.
Revenue Sources
The primary sources of revenue include:
- Program Services: $173,662,709 (88.6%)
- Contributions: $12,083,114 (6.2%)
- Investment Income: $7,732,146 (3.9%)
Expense Allocation
Significant expenses encompass:
- Other Salaries and Wages: $60,770,397 (27.8%)
- Executive Compensation: $2,095,340 (1.0%)
Pipeline Development
Academic Programs
Rider University continually develops and refines its academic offerings to meet evolving educational and industry demands. The university's commitment to engaged learning ensures that students participate in high-impact experiences prior to graduation.
Sustainability Initiatives
The university has been recognized for its sustainability efforts, ranking No. 26 on The Princeton Review’s 2024 Top 50 Green Colleges list. Initiatives include an on-campus Trigen power plant, a 740-kilowatt solar array, and a SEED food waste digester.
Technological Platform and Innovation
Proprietary Technologies
Rider University employs various technological platforms to enhance educational delivery and administrative efficiency. The university utilizes technologies such as Cloudflare for content management, Font Awesome for font scripts, and PHP for programming.
Scientific Methodologies
The university emphasizes experiential learning, integrating practical experiences with academic instruction. This approach includes internships, co-ops, and research opportunities that prepare students for real-world applications.
Leadership Team
Key Executives
- Gregory G. Dell'Omo, Ph.D.: President
- Background: Dr. Dell'Omo has extensive experience in higher education leadership and has been instrumental in advancing Rider University's mission and strategic goals.
- Compensation: $461,222, with additional compensation of $95,925.
- Kevin A. Baggett: Basketball Coach
- Background: Mr. Baggett has a strong background in athletics and has contributed significantly to the university's sports programs.
- Compensation: $349,994, with additional compensation of $36,434.
Competitor Profile
Market Insights and Dynamics
Rider University operates in a competitive higher education market, particularly within the Northeastern United States. The university's strategic location between New York City and Philadelphia offers access to a large pool of prospective students and opportunities for partnerships.
Competitor Analysis
Key competitors include:
- The College of New Jersey: Located nearby, offering similar programs and attracting a comparable student demographic.
- Seton Hall University: A private institution with a strong emphasis on graduate and professional education.
