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Executive search firms marketing digital
)This year, the program was deemed a success and it plans to hire 45 more full-time instructors. You do the math—perhaps 65 or 70 full-time instructors for maybe 35, 000 or more students. These positions are hardly cushy jobs. Each instructor teaches 20 courses a year (four courses per eight week term with five terms a year). And the jobs pay a whopping $55, 000 per year. And it is not clear at all that these instructors ever come together to actually form a faculty. As Business Week noted, SNHU is becoming a "model" for other online ventures. The reason is simple. The school is apparently on track to generate around $200 million in revenue this year. So it is not a surprise that facing a drop in enrollment, administrators at UMUC called in consultants to rethink its business model. And that, to me, seems like a major problem. What needs to be rethought is not the business model but the mission. Without going into all the caveats about funding, universities are not businesses—or at least, not just, or even primarily, businesses.
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