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Institutions in this industry offer academic and professional courses and confer baccalaureate or graduate degrees. Major US-based institutions include public university systems in states such as California, New York, and Texas, and private universities such as New York University, Duke, Harvard, and Johns Hopkins; leading institutions outside the US include the universities of Cambridge and Oxford, both located in the UK, as well as the University of Tokyo and the University of Toronto.
About one-third of the world's traditional college-age population is enrolled in a college, university, or professional school, according to the World Bank. Asia boasts the highest percentage of the world's college students (about 55%), followed by Europe (15%); Central and South America (10%); and North America (10%), according to the National Center for Education Statistics.
The US colleges and universities industry includes about 3,000 four-year baccalaureate and graduate degree-granting institutions with combined annual revenue of about $550 billion. Two-year colleges are covered in the Community Colleges industry profile. Business, secretarial, technical, and trade schools are included in the Education & Training Services industry profile.
Demand for higher education services is largely driven by population dynamics, but also by employer requirements. The financial success of schools is closely related to the number of students enrolled, because many costs are fixed. Public schools have the advantage of government support and can typically offer more programs. Small schools can compete effectively ...
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