I had the pleasure of attending the Capital Roundtable conference in New York a few weeks ago. Discussion was heavy around proprietary higher education and the number of campuses that have closed over the past three years. What I found the most interesting was the way that Sr. Management was talking about business models that work and those that don't - and the type of talent they now need to lead those institutions.
It appears that many executives that have worked in proprietary higher education at the mid-level are under the impression that they will need to change with the times. Those that are going to be successful will have an open-mind on adapting from what used to work to what will work now and in the future. The unique quality of finding that key executive that meets this is being absorbed in other industries. Those that fit that profile are becoming scarcer as other industries rebound. Two key areas are in admissions and operations. Admissions in particular with compensation bonuses not being available - they are leaving and not coming back.
President & CEO
The Hudson Group
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