Peer Groups
In higher education, selecting comparable and aspirant peer institutions helps institutions compare their strengths and weaknesses, identify areas for improvement, set realistic goals, and make informed decisions about resource allocation and strategic planning. Peer institutions, which are institutions that are similar in terms of mission, size, and student body, serve as a valuable reference point for comparison.
By comparing data such as enrollment, graduation rates, student costs, faculty, and budgets, the university can evaluate its own performance and identify areas of strength and areas in need of improvement.