NVI Technical College Information

Market Feasibility

Students between 25 to 34 years old are the most tech savvy

• Students between the ages of 20 and 24 have grown strongly as

• Despite the large population of this age group being considered

prime customers of vocational education providers, since they

tech-savvy, their unemployment rates are higher than the

haven't yet had the time to acquire experience that would negate

national average. This, coupled with the generation's openness to

the need for vocational training.

changing careers more frequently, makes this age group a large

consumer of the industry's services.

Students aged 65 and older are becoming a larger share of

revenue

A

• This segment's share of revenue has increased because of its

• Students in this age group are retired or soon-to-be-retired

growing willingness to change to technological-oriented

individuals who enroll in technical and trade schools for self

occupations, though many in this age range will instead seek

improvement or recreation, rather than employment purposes.

training from a college or university.

• Over the past five years, students over 65 have increased as a

Students under 25 years old only account for a minor share of

share of industry revenue as more baby boomers entered the

industry revenue

retiring age range. Improving healthcare and dropping birth rates

• Most institutions require that students have a high school

are making the US population older on average, making this

diploma or have passed an equivalency test, such as the General

segment a larger share of the nation's population and the

Education Development test.

industry's students.

Source: Wert-Berater Feasibility Studies, LLC and IBISWorld

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