Increased demand for accountability in higher education, growing scrutiny of institutions receiving significant federal funding, and an organizational desire to demonstrate the impact of its institutions across several key measures led this national education group to engage with Cicero to determine the size and scope of their economic impact in a range of key areas.
Utilizing complex econometric and financial modeling methodologies, Cicero determined the considerable economic impact of these institutions in a number of ways. The overall economic impact generated by these institutions on a national basis was shown to be significant, in terms of direct and indirect societal economic benefits including jobs supported and increased taxes paid. Analysis was also conducted at state and local levels, ultimately demonstrating the clear and unique impact — with specific, compelling data attached — that each of the studied institutions and campuses have on businesses, individuals, and communities in the states where they are located.
Impact analysis was also conducted at a student level, ultimately determining that a degree earned through one of this group’s institutions has a statistically significant impact on wage growth of graduates even when controlling for other factors that influence wages. Primary research and analysis also indicated that graduates of these institutions enjoy increased job satisfaction, job security, and increased likelihood of job advancement relative to their peers.
Upon completion of this multi-faceted and rigorous engagement, Cicero provided our client with meaningful, enhanced capacity for accountability in demonstrating the societal and economic impacts it generates across a range of measures.