Laureate Education - Competitors

Laureate Education Competition

Now Viewing Laureate Education's competition in: Education and Training Services (primary)

Recent Developments

ETS Loses British Contract - The Educational Testing Service (ETS) of Princeton, NJ, missed a deadline for scoring standardized tests of British students, causing it to lose a $291 million contract. ETS had won the contract to score British national curriculum tests covering English, math, and science in February 2007. ETS has made international expansion a priority but company officials say that the loss of the British contract won't affect overseas growth, as it has contracts in China, India, and the Middle East.

Congress Reauthorizes Higher Education Act - Congress passed the Higher Education Opportunity Act of 2008, after five years of negotiations. The Act will alter the relationship between the federal government and higher education. The bill's centerpiece is ensuring that educational institutions, not the federal government, are responsible for evaluating student achievement. The bill also restructures advisory committees, reduces the authority of the Secretary of Education, and requires institutions to disclose their transfer of credit policies.

Employment Mixed - Employment in education and training services has been mixed the past five years. While employment in business, computer, and management training companies has declined 4 percent since 2002, total employment in technical and trade schools rose 15.4 percent. In the past year, total employment in business, computer, and management training firms rose just 0.3 percent; employment in technical and trade schools rose 6.2 percent.

Competitive Landscape

Demand for certification classes is driven by employment trends in the medical, high technology, and manufacturing industries. Demand for classes emphasizing self-fulfillment is driven by personal income. The profitability of individual companies depends on maintaining low operating costs and recruiting enough students. Large companies have advantages in marketing and offering a wide range of classes and services. Small companies can compete effectively through personalized service and customized instruction. The industry is highly labor-intensive: average annual revenue per worker is around $80,000.

Full Industry Overview For Education and Training Services

Education and Training Services Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US other educational services, an indicator for education and training services, is forecast to increase at an annual compounded rate of 6 percent between 2008 and 2013.

Educational Services Growth Strong and Stabilizing

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.