Keywords

Education; Business degree; Employment; Impact; Leadership; Value; Time; Motivation; Perception

Abstract

As young people are seeking degrees that will help them with employment and as universities seek ways to increase enrollment and retention, the emphasis of the value of higher education has emerged as an important aspect in achieving these goals. The focus of this particular study, where a paucity currently exists, was to examine the concepts of value in relation to undergraduate business education. A main aim of this study was to identify values (beyond economic), based on time since graduation, and the motivating factors that help to define those values. One of the key trends this study revealed was a cross-generational assessment of value.The driving research question was regarding business undergraduate alumni’s perceptions of value: Is there a relationship (based on time since graduation) in the value of an undergraduate degree? The Final Revised Survey was sent to 945 business college alumni, randomly selected from a list of 15,012 names. Quantitative data were disaggregated by groups: 0 ≥ 3 years post-graduation (recent graduates), >3 ≤ 6 years post-graduation (advanced graduates); >6 ≤ 9 years post-graduation (experienced graduates), and > 9 years (senior graduates) for analyses using Independent Samples T-Test, Simple Linear Regressions, and Pearson’s r Correlations tests.Results of the Pearson’s r Correlation tests showed significant findings in terms of strength of relationship between variables involved the following: (a) gender and average motivation (.004) (b) time since graduation and average commitment (.047), (c) gender and average value (.045), and (d) age and average value (.036). This suggests that gender has the strongest relationship between variables. Also, age and time since graduation seem to be correlated to how alumni value their undergraduate education and are willing to commit to continuing to support an organization. The averages of three types of groups of continuous data (value, motivation, and commitment) were analyzed as the results related to ethnicity and time since graduation. When comparing ethnic outcomes based on two categories, non-Caucasian and Caucasian, although there were fewer respondents in the non-Caucasian category, those individuals’ perception of value, motivation, and commitment rated higher (8.87, 7.71, and 5.83 respectively) than their Caucasian counterparts (8.41, 6.58, and 4.96 respectively). Additionally, it is interesting to note that for both groups, the average commitment score was the lowest out of the three for both groups. Finally, for Caucasians, time since graduation seemed to increase their perception of value of their undergraduate business degree. Whereas, for non-Caucasians, the perception of value was less. This specific result could be since in the age group for non-Caucasians 7 of the 8 respondents were in the ≤ 47 age group.Results rested limited to opinions of undergraduate business alumni. Because the rate of return for the data results was limited, it is unlikely that a firm argument can be made solely on the results from the Pearson’s r Correlation in terms of a conclusion for the research question for this study. However, based on the results of this study the responses can be generalized to the respondents, not the overall population. Therefore, the Null Hypothesis was rejected as preliminary findings, with the understanding that additional data could change this decision.Practitioners (instructors and professional staff) in higher education can utilize the results of this study to align their decision making and engagement actions. For example, as the work of Starrett (2018) shows, in and out of classroom engagement, approachability, and the ability to determine what their clients, (future students) are ways that practitioners can help to increase retention rates. For practitioners and policy makers alike, it is important that they work together to understand what today’s potential students are looking for in their educational experience. In the past, extrinsic values such as fancy dorms and athletic facilities may have been key considerations. However, as this study has shown, today’s potential students are seeking more intrinsic values from their college experiences such as a deeper connection with faculty and staff, a feeling of inclusion and belonging, and commitment, on the part of a university, to their long-term success. Additionally, it is vitally important that both groups work together because everyone who works in higher education has a level of responsibility for enrollment and retention rates. This study provides information that will enable both groups to begin to meet those goals.This information is important to universities because the results can act as a guide to aid them in revising their current individual recruitment and retention models for accuracy and relevancy. While a review of the current literature showed an abundance of theoretical information about economic value, it also showed a deficit in connecting alternative meanings of value as it relates to the university selection and commitment process. This study called attention to the need to examine this area to clarify higher education’s other values to society.

Date Created

January 2020

https://works.bepress.com/daniel-eadens/39/download/

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