NAICS 61131 - Colleges, Universities, and Professional Schools
This industry comprises establishments primarily engaged in furnishing academic courses and granting degrees at baccalaureate or graduate levels. The requirement for admission is at least a high school diploma or equivalent general academic training. Instruction may be provided in diverse settings, such as the establishment's or client's training facilities, educational institutions, the workplace, or the home, and through correspondence, television, Internet, or other means.
Industry trends:
An impactful trend in the Colleges, Universities, and Professional Schools industry (NAICS 61131) is the growing emphasis on online and hybrid learning models. This shift was accelerated by the COVID-19 pandemic and has persisted as institutions recognize the benefits of flexibility and accessibility. Many educational institutions are investing heavily in digital infrastructure and resources to ensure high-quality virtual learning experiences.
Additionally, there is a rising focus on lifelong learning and professional development programs. Colleges and universities are expanding their offerings to include short courses, certifications, and micro-credentials tailored to working professionals seeking continuous education. This complements the increasing demand for upskilling and reskilling in response to evolving job market needs driven by technological advancements.
Diversity, equity, and inclusion (DEI) initiatives are also gaining prominence, with institutions striving to create more inclusive campuses and curricula. This involves recruiting diverse faculty, promoting inclusive teaching practices, and implementing policies that support underrepresented groups.
Looking ahead, the industry is likely to see further integration of artificial intelligence and data analytics in both administrative functions and personalized learning. Colleges and universities will continue to adapt to changing student demographics and global competition, seeking innovative ways to remain relevant and financially sustainable.
This industry is comprised of:
Academies, college or university
Academies, military service (college)
Business colleges or schools offering baccalaureate or graduate degrees
Colleges (except junior colleges)
Colleges, universities, and professional schools
Conservatories of music (colleges or universities)
Dental schools
Hospital management schools offering baccalaureate or graduate degrees
Hospitality management schools offering baccalaureate or graduate degrees
Law schools
Medical schools
Military academies, college level
Military service academies (college)
Parochial schools, college level
Private colleges (except community or junior college)
Professional schools (e.g., business administration, dental, law, medical)
Schools, correspondence, college level
Schools, medical
Schools, professional (colleges or universities)
Seminaries, theological, offering baccalaureate or graduate degrees
Theological seminaries offering baccalaureate or graduate degrees
Universities
This report includes the ability to segment your Industry by:
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- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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