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The Voice of Business,
Industry & the Professions Since 1942
North Carolina's largest
business group proudly serves as the state chamber of commerce
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Cover
Story
Learning
& Earning
Getting a second degree, either
online or in person, could be your
fastest route to upper management
But
watch out: Why an IT Degree
May Not Be Your Best Bet
By Laura Williams-Tracy |
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Above:
Five years after graduating from N.C. State, Julie Thompson is working
days at Cisco Systems in RTP and studying nights and weekends for a
masters from the Keenan Flagler Business School in Chapel Hill. She is
among thousands of young professionals seeking a second degree to boost
their careers and among the lucky few whose employer pays the tuition.
Left: Aspiring MBA students listen to Dr. John Kitoko lecture
during a financial management class at Strayer University's Cary
campus.
Photos by Roger
Winstead |
Julie Thomas knew it wouldn’t be easy
to hold down her day job at Cisco Systems in RTP while pursuing an MBA from UNC
Chapel Hill’s Kenan-Flagler Business School. For the last two years Thomas,
who graduated from N.C. State five years ago, has stayed home most Friday nights
to study, awakened early on weekends to hit the books and turned down any long
trips to visit friends.
“There’s no way anyone could have prepared me for what I’ve gone through,
just like no one can prepare you for what it’s like to have a child,” says
Thomas, an inside sales account manager for Cisco who will become a newly-minted
MBA in September.
Why was she willing to do through such an ordeal? She says it’s always been
part of her grand plan for rounding our her resume and expanding her career
options.
Everyone has their own reason for returning to school. Some professionals face
changes in technology that threaten to make their current job skills obsolete.
Others have had their interest ignited because of a career experience. Many feel
that more education will help them climb through management positions faster and
increase their earning capacity more quickly. Some students return to the
classroom to begin a second career. Some just want to fulfill a lifelong goal.
Like Thomas, most graduate students aren’t able to or simply refuse to leave
their careers to pursue a second degree, and therefore go back to school
part-time. According to the Council of Graduate Schools, 70 percent of
master’s degree and 42 percent of doctoral students are designated as
part-time.
But as Thomas knows, there’s good reason to make the investment. The fastest
growing jobs require higher math, language and reasoning capabilities than
current jobs. And the Bureau of Labor Statistics has stated that jobs that
require a bachelor’s degree are expected to grow the most quickly in the 21st
Century, nearly twice as fast as the average for all occupations.
And there’s also the financial payoff. The return on investment in higher
education is usually high enough to justify the financial burden of student
loans and the investment of time. According to Census data, over an adult’s
working life, high school graduates earn an average of $1.2 million,
associate’s degree holders earn about $1.6 million and bachelor’s degree
holders earn about $2.1 million. Lifetime earnings for graduate and professional
degree holders are even greater.
Colleges Make It Easier
More than ever, colleges and universities are tailoring their programs to meet
the needs of these nontraditional students who have the demands of work and
family to contend with while pursuing another degree. Online course offerings,
as well as full degree programs done entirely via computer, have eliminated an
enormous barrier for many students returning to school.
Prior to 1998, any of the 16 campuses of the University of North Carolina system
offering distance education courses had to charge enough in tuition and fees for
those classes to pay for the cost of the alternative delivery method. But in
1998 the N.C. General Assembly approved changes that provided funding for
courses taught via the Internet equal to that of courses taught through
traditional means on campus, says James Sadler, associate vice president for
academic planning at the University of North Carolina system. The result has
been enormous growth in both the course offerings and enrollment by students.
Since the 1998 change through the fall 2003 semester, the number of students
enrolled only in distance education courses has increased 250 percent to nearly
10,000 students, or roughly the equivalent size of UNC Greensboro. That’s
basically a mid-sized public university population attending class entirely at
home.
Students are taking individual online courses or pursuing one of 46 programs,
such as nursing, engineering, business, criminal justice and public health,
offered entirely via distance education.
And Sadler says the demographics of those online students bears out the notion
that it’s the older, non-traditional student population that is taking
advantage of the new offerings. More than 78 percent of online degree-seeking
students are age 26 or older, compared to 22 percent of on-campus students who
are age 26 or older.
“We’re reaching that older-age group of working adults, mothers and fathers
who can’t quit their jobs and move to a college campus,” says Sadler. It was
a population that was not being adequately served before the change in funding,
he adds.
When Thornton Mellon, played by comedic actor Rodney Dangerfield, went Back to
School in the 1980s classic movie, he was proof that even financial success
doesn’t erase the desire for more education.
But unlike multi-millionaire Mellon, who endowed a building in order to buy his
way into higher ed, today’s nontraditional students are finding that access to
a second degree has never been easier.
The proliferation of new graduate programs in cities across the state — from
satellite campuses of established colleges as well as entry in the market by
proprietary schools — means students have more choices of academic
institutions than ever.
And an exponential increase in online offerings means that no matter where you
live in North Carolina, a graduate degree is no further than your computer.
“Technology has developed to the point where access is 24/7. It give students
who are also employed unprecedented opportunities to complete degrees without
going to a physical site,” says Kay Zimmerman, associate vice provost for
strategic initiatives and partnerships for distance education at N.C. State
University in Raleigh. “You don’t have to stop your life. You expand your
life.”
While attending classes has gotten easier, so has the process of identifying
programs, completing applications and learning about financial aid, thanks to
the dynamic College Foundation of North Carolina web site, CFNC.org, which is
now the primary route for students applying to North Carolina schools.
CFNC.org grew out of the Governor’s Education Cabinet, which was tasked in
1999 with improving college access and given funding by the General Assembly to
pursue that goal. Over the course of nine months the web site was built with
information and resources from all 110 colleges in the state, with information
about how to apply and how to pay for school, says Bobby Kanoy, associate vice
president for academic and student affairs for the UNC System.
“Ninety percent of what colleges want is all the same information,” says
Kanoy. “This site takes the student perspective and makes the application
process easier.”
With the click of a mouse a student can instantly complete applications to
multiple colleges and automatically have high school transcripts sent to those
schools.
Since its debut four years ago, more than 430,000 student accounts have been set
up on CFNC.org, and 135,000 online admissions applications have been processed,
so many that Appalachian State University now receives 85 percent of its
admissions applications online. “In the next five years {college admission} is
going to become a paperless environment with every college expecting submissions
online,” says Kanoy.
But the site isn’t just focused on the thousands of high school seniors
applying to college to pursue a bachelor’s degree. An entire section is
dedicated to adult learners, who often take a non-traditional route back to
school to pursue their first bachelor’s degree after years of work, return for
a second degree, graduate school or professional school or to simply enroll in
classes to explore personal interests or take specific courses to enhance job
skills.
Even if attending classes can happen from home and finding programs and
financial aid is easier, non-traditional adult students also need the support of
their employer.
Pam Craver, a commercial relationship manager for SouthTrust Bank in Charlotte,
found that a supportive employer made a huge difference in her drive to complete
her MBA four years ago.
Craver, 36, started work on her MBA in 1994 while she was working in human
resources for a radio and newspaper communications company in South Carolina.
Her employer didn’t offer much moral support for the endeavor, much less
tuition reimbursement. But just a few courses into the program at the University
of South Carolina’s Aiken Campus, Craver joined Bankers First, a predecessor
savings and loan of SouthTrust, and found a more rewarding profession and the
encouragement she needed. SouthTrust provides tuition reimbursement to employees
based on the grades they receive.
“It was trying at times,” says Craver. “But my bosses knew my time
constraints and always supported me.”
Cisco in RTP offers employees up to $7,500 a year in tuition reimbursement for
attending an accredited school and earnings a grade of C or better. For most
public universities, the stipend is adequate to cover almost all the costs
associated with an additional degree.
For Julie Thomas, the MBA student scheduled to finish this fall, Cisco’s
tuition reimbursement program allowed her to attend a top-ranked school despite
the costs. UNC Chapel Hill’s executive program, which is ranked fifth
nationally, also comes at the hefty price of about $42,000 for the two-year
stint. That was almost four times the cost of other local public university
programs.
But Thomas was attracted to the program’s offerings as well as its reputation.
“When I considered Cisco’s tuition reimbursement and crunched the numbers, I
figured ‘I can do this and be OK,’” says Thomas.
Many Cisco employees in the RTP area have returned to school in recent years and
the company supports ways for more to do the same, says Ruth McCullers Lee,
communications director for Cisco in the Research Triangle Park.
Cisco conducted its first “Degree Fair” in December and hosted 23 colleges
from North Carolina and beyond to pitch their degree programs to Cisco
employees. Duke, N.C. State, UNC Chapel Hill, Elon, East Carolina, Campbell and
Meredith were among the North Carolina schools. Virginia Tech, Oklahoma State
and Central Michigan also came to promote their online programs.
“We had almost 200 people come out, and you could see a lot of conversations
going on,” says McCullers Lee. “It’s a good time to be sharpening the saw.
While the market has been in a lull it’s a good time to thing about the next
step to break away and find out where you are going next.”
Proprietary Schools Grow
McCullers Lee’s attitude about the timing of furthering an education is
reflected in the marketing plans of some widely respected proprietary schools
who saw a mix of factors come together to make North Carolina an attractive
market for expansion in recent years.
Strayer University, a 110-year-old proprietary school with campuses across the
country focused on nontraditional adult learners, opened two campuses in
Charlotte and one in Cary in 2002 and a second North Raleigh campus in the
spring of 2003. Strayer offers courses in business and technology at the
graduate and undergraduate level.
“North Carolina has been very good to us in the 18 months we’ve had our
original three campuses open here,” says Jim McCoy, regional director for
North Carolina for Strayer University. “The state has excellent schools, but
they are heavily geared toward traditional students.”
Nontraditional students, he says, are looking for convenience, and Strayer
offers predominately night and weekend classes to a student population whose
average age is 34. At the same time, North Carolina’s concentration of banking
employees as well as the movement away from a manufacturing economy meant
employees would need new skills.
At Strayer, students have the choice between taking classes online, going to a
physical classroom or doing a bit of both to meet their individual learning
preferences and scheduling parameters.
McCoy would not give enrollment figures for North Carolina campuses, but says it
is ahead of the school’s benchmarks. Nationally, Strayer enrolled 20,000
students last fall. “Our growth has been in the high teens over the last
several years,” says McCoy.
Likewise, DeVry University, another proprietary school based outside of North
Carolina, found the state — and especially Charlotte — to be an attractive
market.
While DeVry is known more for its technical training, in North Carolina the
institution offers more business programs. In February 2002 DeVry opened its
Keller Graduate School of Management in Charlotte, offering graduate courses
leading to an MBA or a masters in project management, telecommunications
management, human resources management, health services, information systems
management, public administration, accounting and financial management.
DeVry offers all of its programs online as well as at the campus, so students
can take a statistics class on campus if they think they will need the
one-on-one help, but can in the same semester take an e-marketing class online,
says Jonelle Niffenegger, manager of corporate communications for DeVry
University, based in Chicago. “Online is not better or worse than traditional
classes, it’s just different,” says Niffenegger. “It all depends on how
you learn.”
Community Colleges Ready
Every student with the drive to return to school isn’t in pursuit of another
diploma. A full 80 percent of the students enrolled in continuing education
classes at the state’s 59 community colleges are employed full-time and have
returned to class to upgrade their skills or pursue a job change.
They aren’t looking for a degree, says Peggy Graham, director of continuing
education for the North Carolina Department of Community Colleges, but they want
to gain new skills. “Our colleges will tell you we train the whole array of
the workforce, from entry level employees to managers and business owners,”
says Graham.
Skill-seeking students often wind up at the community college because they are
lured by inexpensive tuition — $50 to $65 per continuing education course,
quality instructors and the accessibility of a college within 50 miles of every
geographical point of the state.
And while accessibility always has been one of the hallmarks of the state’s
revered community college system, even the community college system has
eliminated the need to come to class.
The community college system offers more than 500 courses online through a
program called Ed2Go. The course content is provided by a California-based
company with which the community college contracts. Students don’t have to
pursue a degree but can take courses in such areas as magazine writing, medical
terminology, accounting courses to a multitude of computer skills training in
such programs as FrontPage, A+ Certification and Visual Basic.
Graham says college administrators found that while students could go directly
through such online providers to participate in online learning, the community
college was often the first place a student turned when looking to upgrade
skills. “And this way if students have a problem they can come to a campus,
see a face and have a local access,” says Graham.
Getting another degree isn’t always desired, even when successful business
people recognize that they need a boost in job skills. Small business owners who
don’t need to earn a professional degree to climb the ladder and they don’t
have a boss they are trying to impress, often still need to better understand
how to manage their small business, their computer network or manage employees,
says Gayle Harvey, state director of the Small Business Center network for the
North Carolina Department of Community Colleges.
The 60 small business centers located at every community college around the
state serve some 65,000 students each year offering everything from a core
series of seminars for people considering starting a business to how to manage
the taxes and record keeping once the business is successful. Most of the
courses are free or offered for a nominal fee.
“A lot of people go into consulting as their industry is down-sized and often
go back to work for the same companies but on a contract basis,” says Harvey.
But those successful engineers, computer scientists or other well-educated
professionals may be good at their jobs but they are new at the challenges of
running their own business.
No matter the ultimate goal, those students who have returned to school see it
as an investment that may lead to more exciting career options, a better
understanding of their industry, and possibly greater potential for leadership
roles.
Craver, of SouthTrust, now credits returning to school with moving her on a new
career path into banking and commercial lending. “I just don’t think you can
ever have enough education,” she says. “It’s an investment and a wise
place to spend your money.”
Eight months from graduation, Cisco’s Thomas has a sober but optimistic view
of the return she’ll get on her investment in MBA school. “It’s not like
buying a stock where you immediately wait to see it go up,” she says. “Six
months afterward I won’t have seen it yet, but five years down the road we may
see where it has taken me.”
Why
an IT Degree May Not Be Your Best Bet
The
ads promising high-paying careers in computer technology used to be everywhere
— on the radio, television and popups across the Internet. But as the tech
sector fell on the stock exchange, tech layoffs became more common than tech
training school ads.
According the Information Technology Association of America, demand for hiring
IT workers reached a historic low of only 493,000 positions during the year
ending in December, down from 1.6 million at the start of 2000 and less than
half of the predicted 1.1 million positions needed at the start of 2002.
Companies are moving more positions overseas where IT help is cheaper and
staffing more flexible.
Employees with pink slips weren’t the only casualties of the tech fall. A
number of computer training schools in the state closed, sometimes leaving
students wondering where they would finish the program.
The latest casualty was Tech Train, a Charlotte-based computer training school
that closed in October, leaving as many as 200 students out of school. Unlike
some schools that popped up during the late 1990s when thousands of students
rushed toward training for lucrative IT jobs, Tech Train held a state license,
which means that students will be reimbursed for tuition and they will be able
to earn certificates in courses at other schools.
Students at other defunct computer training schools have been less fortunate. In
March 2002 Durham-based MCJ Solutions Inc., a computer training and career
placement school, shut down its 10 schools in Charlotte and Durham, as well as
in Virginia, Tennessee, Georgia and Florida. MCJ Solutions was not licensed and
therefore not bonded, giving little protection to students.
Those reputable computer training centers and universities with long histories
of producing quality graduates with degrees in computer science say while the
market has dipped, IT training has remained a relatively steady market. -- Laura
Williams-Tracy
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