Key Performance Indicators in Educational Institutions & Schools

A key performance indicator (KPI) is a type of performance measurement that helps you understand how your organization, department, or institution is performing and allows you to understand if you’re headed in the right direction with your strategy.
Key Performance Indicators In Education
Academia

1. Graduation Rate: This KPI determines the number of students who completed their schooling or received a particular certificate or degree within the normal time frame. (You’ll want to ensure you have a policy for tracking transfers in and out of your grades.)
2. Awards: This metric looks at the number of awards granted to students and/or faculty and staff during each academic calendar year.
3. Research Grants: This metric examines the percentage of the grants students and/or faculty received versus those that were applied for. You may also want to track total grant dollars.
4. Student Attendance Rate: Determining the number of students that have achieved, say, 90% attendance during a given semester or academic year is vital to track. (You can set your target and measure accordingly.)

Finances

1. Percentage Of Students On Aid: This metric calculates the number of students receiving some kind of financial assistance, like scholarship money or government aid. In a secondary school you may also track those on meal assistance.
2. Grant Money: It’s important to track the dollars fundraised for an institution through endowments, donations, or partnerships.
3. Tuition Costs: This metric examines the cost to each student in a given scholastic timeline (i.e. a quarter or semester) to attend the institution.

Ratios

1. Student To Faculty Ratio: Schools may want to examine this metric to ensure students are receiving the proper attention. In most cases, the lower your student to faculty ratio is, the better.
2. Cost Per Student: This metric calculates every cost a school incurs to educate each student. This might include campus and building maintenance, teacher and staff salaries, some books costs, some food costs, and much more.
3. Faculty To Administration Ratio: If this ratio is too low—say, you have only two administrators for 50 faculty members—there may be issues with scheduling, organization, and finances.
4. Number Of Students Enrolled Per Number Of Applications: This metric is particularly important for private schools who wish to remain academically competitive. Additionally, it can help you keep tabs on statistics with the student body so you are able to offer the right amount of student resources. This can also be called the acceptance rate.

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Insights on managing Schools and Educational Institutions from Ameen Ahsan Strategy Consulting (AASC).
AASC is based at HiLite Business Park, Calicut (Kozhikode), Kerala. AASC serves clients across Kerala and Gulf (GCC) countries.
To know more about AASC services, please call +91-7558-900-800 or email info@ameenahsan.com
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