Did You Know More Psychology Majors Than Pizza Joints in PA!

Name: Did You Know More Psychology Majors Than Pizza Joints in PA!
Uploaded: 2025-08-20T03:00:33+00:00
Duration: 1 min 29 s
Channel: Gary Stocker
Description: In this segment, the speaker highlights that 95 colleges in Pennsylvania offer psychology programs. He presents external market‑share data, noting Penn…

20 Aug 2025 · 1 min

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In this segment, the speaker highlights that 95 colleges in Pennsylvania offer psychology programs. He presents external market‑share data, noting Penn State holds 12% of the psychology‑major market, Temple 10%, and West Chester University 7%, with the remaining institutions being minor players but still typically enrolling double‑digit numbers of majors. He argues that the total number of psychology majors in the state likely exceeds the number of pizza joints, suggesting a potential opportunity for colleges to consolidate psychology programs and adopt revenue‑sharing models to improve expense efficiency and net revenue. The speaker also stresses the importance of comparing internal year‑to‑year changes against external market benchmarks, warning that a modest internal increase (e.g., 2%) can be misleading without context.

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One major, that major is psychology. In Pennsylvania, Dr. Hendricks, there are 95— count them, don't count them, takes too long— 95 colleges that offer psychology. And look at the external market share. This is the external market share. We zoom in on that a little bit. 95. And, and there are a few that do well, but look at the highest one. Penn State is at 12% of the market. Temple at 10% of the market. And West Chester University at 7% of the market. The rest are all bit players. But interesting, I think almost every one of those players, not all of them, have double-digit psychology majors. You know, it's— and I'm going to make the argument, Matt, that there are more psychology majors offered in Pennsylvania than there are pizza joints. And maybe, you know, maybe there's some opportunity to think about these colleges consolidating those majors and engaging in some kind of revenue sharing to enhance both their expense component and their net revenue component from those majors as well. So Matt, as we always wrap up the show, and for those watching for the first time, you'll hear it for the first time. For those who've been with us quite a while, it's the comparisons, Matt, that matter. And Matt, you referenced this a couple times during the early part of the show— don't rely on your own internal data. Matt, you've shared before, a 2% increase from year to year looking at your own data can be good or it can be awful. You don't know that unless you compare yourself to