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Showing posts with the label McKinsey Quarterly

Education to Employment: A Flawed Prescription

McKinsey published a report on ' Education to Employment: Designing A System that works ' in an attempt to draw attention to an urgent issue: With 75 million young people unemployed around the world, and twice that number unemployed, this is becoming one burning issue and indisputable proof that the current system does not work. Mckinsey argues that educators and employers seem to live in parallel universe, and this causes the problem. Their solution is to bring the two together: To make more employers educators, and educators employers, which roughly translates into more vocational education. However, I shall argue, that the problem runs deeper. First, educators and employers indeed reside in parallel universe and would always will. Educators' job is, or at least should be, to enhance the capability of the learner, so that, if employment is the goal, their earning potential could increase. However, the employer, usually a business, wants just the opposite: His profits...

Innovating US Higher Education

From McKinsey Quarterly: "When Michael Crow became president of Arizona State University, in 2002, the former Columbia University vice provost had ambitious plans to turn the school into a new American university devoted to educating a wider swath of students and focused on higher productivity in cultivating competitive graduates who can succeed in today’s volatile job market. Nine years and a 25 percent increase in student enrollment later, Crow, 56, has delivered big changes in those areas and others at ASU and has garnered a growing reputation as a pace-setting thinker on higher education. He has made strides toward expanding ASU in areas such as ethnic and economic diversity, graduation rates, freshman retention rates, and in the number and intellectual reach of graduates. In fall 2010, ASU boasted an 83 percent first-year retention rate, up from 75 percent in the mid-2000s, and a record enrollment of more than 70,000 undergraduate and graduate students. A survey of...