Economic and Industry Impact
The U.S. supply of skilled workers is simply not keeping pace with workforce demand.1
Workers with advanced degrees, and prepared for 21st century jobs, are needed by employers who want the best workforce possible. An educated and skilled workforce is also the foundation of local economies that depend on residents’ success and earning power for growth. A highly educated workforce is critical — not just for opportunity at the individual and local levels — but also to ensure that America can contribute and compete in an increasingly complex global economy. A strong and educated workforce also drives creativity and innovation in industries like health care, information science, manufacturing, energy, and more — not only fueling the economy, but also improving lives around the world.
Higher education must be aligned with workforce needs.
Today, the U.S. is predicting critical shortages in health care workers like registered nurses and physicians assistants, social workers, data scientists, cybersecurity experts, and engineers, among others2. When higher education is able to respond to labor market needs, employers benefit, economies grow, and individuals can choose the in-demand degrees that will best prepare them for meaningful and successful careers.
Forward-thinking universities are advancing their missions by creating great digital version of themselves that offer more students than ever access to life-changing educational experiences. These experiences will prepare them for the workforce of the future.
The first movers will become leaders in higher education. In fact, they already are.
1. SOURCE: ManpowerGroup. Talent Shortage Survey. 2015.; 2. SOURCE: U.S. Bureau of Labor Statistics. Job Outlook. 2015.
2. SOURCE: U.S. Bureau of Labor Statistics. Job Outlook. 2015
Unless otherwise noted in this Impact Report, all statistics presented in this Impact Report are from an internal survey of 2U, Inc.'s data completed as of June 30, 2016.
Nurse practitioner employment is projected to grow by 35.2% from 2014 to 2024.
SOURCE: U.S. Bureau of Labor Statistics. Fastest Growing Occupations. 2016.
Katie Conboy, Provost
"We have two huge programs online in partnership with 2U: nursing and social work. We can only have about 150 family nurse practitioner students in the on-campus program at any time. And, we have to find placements for them in Boston. Online, we now have more than 1,400 students in nursing. It’s incredible. And with social work online, we’re approaching 1,000 in not even two years, but we can only manage about 400 on the ground in the on-campus program."
Ray Manahan, Student
Ray is the director of government programs at Providence Health and Services in Seattle.
"My increased responsibilities at work helped me come to the understanding that I needed to get back in the classroom."
One of Ray’s challenges in his work is managing the evolving state of health care and technology. Ray was recently featured in Healthcare IT News as an expert on improving quality of care and lowering costs by analyzing and acting on health care data.