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Enrollment Management Plan - Kean University

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Industry Needs<br />

New Jersey’s economy is expected to grow by about 3.5% in the coming years, and there are special needs in<br />

the areas of math, science, and technology. According to the New Jersey Department of Labor, industries<br />

specializing in these disciplines are expected to experience an annual growth rate of 8%. In addition, the New<br />

Jersey Department of Labor projects that nearly 30% of all teachers will retire in the next five years. Finally,<br />

New Jersey’s economy is growing fastest in areas that require additional training beyond the high school level.<br />

Over 70% of the fast-growing, high-paying jobs in the state will require at least a bachelor’s degree, and many<br />

expect additional training beyond that level.<br />

By the Numbers<br />

The following section provides an overview of the projected growth in major categories. These figures are<br />

prospective and based on strategic opportunities for growth.<br />

Quick note: The <strong>University</strong>’s figures are based on aggressive growth, yet they remain realistic because of the<br />

strategic opportunities. Growth is based in part on new opportunities and markets and increased retention rates.<br />

The <strong>University</strong>’s four-year graduation rate is expected to increase over the next four year and double to nearly<br />

40% in FY 205 where it would be a leader amongst the New Jersey public college sector. Headcount growth in<br />

this plan is based on improving advising, mentoring and student support.<br />

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