Online program management providers, now a billion-dollar industry, look ahead

Chris Montagnino, vice president of extended education at Excelsior College and CEO of Educators Serving Educators, offered insight on the rapidly growing online program management market in the following “Market enabled” piece on Inside Higher Ed.

Enabling International, Adult Students

Working adults in the U.S., and college programs that target those students, are expected to account for much of that growth.

“Where the real population lies is at the bachelor level,” said Chris Montagnino, vice president of extended education at Excelsior College and CEO of Educators Serving Educators, which is a rare nonprofit entity among the OPM providers. “Most institutions have yet to warm up and serve nontraditional students who have less than 60 credit hours. That’s the key.”

Montagnino said she believes more companies will enter the market for the time being, since no single company has discovered the “secret sauce” to becoming the market leader. And as the number of companies increases, some may experiment with different forms of credentials and fee structures to find a niche in the market, she said.

“The OPM market won’t simply be online programs,” Montagnino said. “As the market continues to emerge, you’ll see it’s competency-based, hybrid, maybe even stackable credentials.”

Read the full piece on Inside Higher Ed.

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