Bachelor of Commerce (Digital Marketing) - Postsecondary ...

Bachelor of Commerce (Digital Marketing) - Postsecondary ... Bachelor of Commerce (Digital Marketing) - Postsecondary ...

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Table of Contents Introduction ............................................................................................................................................ 5 Executive Summary Report ............................................................................................................... 7 A. Background and Context ....................................................................................................................... 7 B. Overall Summary of Research Findings .............................................................................................. 11 High Level of Interest in Pursuing a Business Degree ............................................................................. 11 Business Degree Options in Ontario: A Highly Competitive Environment .............................................. 12 An Alternative Path to Obtaining a Degree: Changing Attitudes about Post‐secondary Options .......... 15 Applications to Business Programs in College Remain Steady ................................................................ 19 The Community Case for Fanshawe College’s Proposed Business Degrees ............................................ 22 Student Interest in LKSB Proposed Business Degrees ............................................................................. 25 Importance vs. Appeal of Features of Proposed Degree Programs ........................................................ 27 Overview of Each of the Proposed Business Program Areas ................................................................... 28 Catering to the Needs of Flexibility in Delivery: Online and/or Part‐time Options ................................. 48 C. Conclusion and Recommendations .................................................................................................... 51 Chapter 1. Internal Key Informant Interviews ......................................................................... 58 A. Introduction ........................................................................................................................................ 58 Objectives ................................................................................................................................................ 58 Methodology ........................................................................................................................................... 58 B. Detailed Findings ................................................................................................................................. 59 D. C. List of Stakeholders Interviewed .................................................................................................... 74 Chapter 2. Competitive Analysis .................................................................................................... 75 A. Introduction ........................................................................................................................................ 75 Objectives ................................................................................................................................................ 75 Methodology ........................................................................................................................................... 75 B. Executive Summary ............................................................................................................................. 76 C. Detailed Findings ................................................................................................................................. 81 Section 1. Competitive Overview............................................................................................................. 81 Section 2. Overall Business Program Trends in Colleges (OCAS Data Analysis) ...................................... 88 Chapter 3. Current Business Students Survey ........................................................................... 99 A. Introduction ........................................................................................................................................ 99 Objectives ................................................................................................................................................ 99 Methodology ........................................................................................................................................... 99 B. Executive Summary ........................................................................................................................... 100 C. Detailed Findings ............................................................................................................................... 102 Section 1. Profile of Current Students ................................................................................................... 102 Section 2. Interest in a Business Degree ................................................................................................ 106 Section 3. Interest in Lawrence Kinlin School of Business Proposed Degrees ....................................... 111 Section 4. Satisfaction with Lawrence Kinlin School of Business ........................................................... 122 Section 5. Online Delivery Methods – Satisfaction and Preference ...................................................... 124 LKSB Degree Program Feasibility Study • 2011 2

Chapter 4. Prospective Students Survey .................................................................................. 127 A. Introduction ...................................................................................................................................... 127 Objectives .............................................................................................................................................. 127 Methodology ......................................................................................................................................... 127 B. Executive Summary ........................................................................................................................... 129 C. Detailed Findings ............................................................................................................................... 131 Section 1. Profile of Prospective Students ............................................................................................. 131 Section 2. Interest in a Business Degree ................................................................................................ 135 Section 3. Attitudes about a College vs. University Degree .................................................................. 142 Section 4. Interest in Lawrence Kinlin School of Business Proposed Degrees ....................................... 145 Section 5. Online Delivery Methods – Preference ................................................................................. 152 Chapter 5. Fanshawe Alumni Business Students Survey.................................................... 154 A. Introduction ...................................................................................................................................... 154 Objectives .............................................................................................................................................. 154 Methodology ......................................................................................................................................... 154 B. Executive Summary ........................................................................................................................... 155 C. Detailed Findings ............................................................................................................................... 157 Section 1. Profile of Alumni ................................................................................................................... 157 Section 2. Interest in a Business Degree ................................................................................................ 159 Section 3. Attitudes about a College vs. University Degree ................................................................. 162 Section 4. Interest in Lawrence Kinlin School of Business Proposed Degrees ....................................... 163 Section 5. Satisfaction with Lawrence Kinlin School of Business ........................................................... 165 Section 6. Online Delivery Methods – Preference ................................................................................. 167 E. D. Open‐ended Comments from Alumni about Proposed Degree Programs .................................. 169 Chapter 6. Labour Market Research .......................................................................................... 172 A. Introduction ...................................................................................................................................... 172 Objectives .............................................................................................................................................. 172 Methodology ......................................................................................................................................... 172 B. Executive Summary ........................................................................................................................... 176 C. Detailed Findings ............................................................................................................................... 179 Section 1. Labour Market Overview ...................................................................................................... 179 Section 2. Accounting Outlook .............................................................................................................. 180 Section 3. Marketing Outlook ............................................................................................................... 187 Section 4. Human Resources Outlook ................................................................................................... 194 Section 5. Business Management Outlook ............................................................................................ 201 Section 6. Skills Gaps ............................................................................................................................. 208 Section 7. Employer Perceptions of Postsecondary Business Programs ............................................... 210 Section 8. Employer Perceptions of Business Graduates ...................................................................... 215 Section 9. Employer Involvement .......................................................................................................... 220 Appendix A. Current Student Survey – Filtered by Those Interested in Part­time Studies .................................................................................................................................................. 224 3 LKSB Degree Program Feasibility Study • 2011

Table <strong>of</strong> Contents<br />

Introduction ............................................................................................................................................ 5<br />

Executive Summary Report ............................................................................................................... 7<br />

A. Background and Context ....................................................................................................................... 7<br />

B. Overall Summary <strong>of</strong> Research Findings .............................................................................................. 11<br />

High Level <strong>of</strong> Interest in Pursuing a Business Degree ............................................................................. 11<br />

Business Degree Options in Ontario: A Highly Competitive Environment .............................................. 12<br />

An Alternative Path to Obtaining a Degree: Changing Attitudes about Post‐secondary Options .......... 15<br />

Applications to Business Programs in College Remain Steady ................................................................ 19<br />

The Community Case for Fanshawe College’s Proposed Business Degrees ............................................ 22<br />

Student Interest in LKSB Proposed Business Degrees ............................................................................. 25<br />

Importance vs. Appeal <strong>of</strong> Features <strong>of</strong> Proposed Degree Programs ........................................................ 27<br />

Overview <strong>of</strong> Each <strong>of</strong> the Proposed Business Program Areas ................................................................... 28<br />

Catering to the Needs <strong>of</strong> Flexibility in Delivery: Online and/or Part‐time Options ................................. 48<br />

C. Conclusion and Recommendations .................................................................................................... 51<br />

Chapter 1. Internal Key Informant Interviews ......................................................................... 58<br />

A. Introduction ........................................................................................................................................ 58<br />

Objectives ................................................................................................................................................ 58<br />

Methodology ........................................................................................................................................... 58<br />

B. Detailed Findings ................................................................................................................................. 59<br />

D. C. List <strong>of</strong> Stakeholders Interviewed .................................................................................................... 74<br />

Chapter 2. Competitive Analysis .................................................................................................... 75<br />

A. Introduction ........................................................................................................................................ 75<br />

Objectives ................................................................................................................................................ 75<br />

Methodology ........................................................................................................................................... 75<br />

B. Executive Summary ............................................................................................................................. 76<br />

C. Detailed Findings ................................................................................................................................. 81<br />

Section 1. Competitive Overview............................................................................................................. 81<br />

Section 2. Overall Business Program Trends in Colleges (OCAS Data Analysis) ...................................... 88<br />

Chapter 3. Current Business Students Survey ........................................................................... 99<br />

A. Introduction ........................................................................................................................................ 99<br />

Objectives ................................................................................................................................................ 99<br />

Methodology ........................................................................................................................................... 99<br />

B. Executive Summary ........................................................................................................................... 100<br />

C. Detailed Findings ............................................................................................................................... 102<br />

Section 1. Pr<strong>of</strong>ile <strong>of</strong> Current Students ................................................................................................... 102<br />

Section 2. Interest in a Business Degree ................................................................................................ 106<br />

Section 3. Interest in Lawrence Kinlin School <strong>of</strong> Business Proposed Degrees ....................................... 111<br />

Section 4. Satisfaction with Lawrence Kinlin School <strong>of</strong> Business ........................................................... 122<br />

Section 5. Online Delivery Methods – Satisfaction and Preference ...................................................... 124<br />

LKSB Degree Program Feasibility Study • 2011<br />

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