McCormick Theological Seminary

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2019 Default Rate
4.88%
on Student Loans
2022 Enrolled Students
162
79% Full-Time

About

McCormick Theological Seminary is a higher education institution located in Cook County, IL. In 2022, the most popular Masters Degree concentrations at McCormick Theological Seminary were Divinity & Ministry (18 degrees awarded) and Theological Studies (2 degrees).

In 2022, 39 degrees were awarded across all undergraduate and graduate programs at McCormick Theological Seminary. 33.3% of these degrees were awarded to women, and 66.7% awarded men. The most common race/ethnicity group of degree recipients was black or african american (19 degrees), 2.38 times more than then the next closest race/ethnicity group, asian (8 degrees).

Costs

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
4.88%
2019 Default Rate
2
Number of Defaults

In 2019 the default rate for borrower's at McCormick Theological Seminary was 4.88%, which represents 2 out of the 41 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Enrollment

McCormick Theological Seminary had a total enrollment of 162 students in 2022. The full-time enrollment at McCormick Theological Seminary is 128 students and the part-time enrollment is 34. This means that 79% of students enrolled at McCormick Theological Seminary are enrolled full-time.

The enrolled student population at McCormick Theological Seminary, both undergraduate and graduate, is 43.2% Black or African American, 21.6% Asian, 11.7% Hispanic or Latino, and 9.88% White.

Students enrolled in full-time Graduate programs are most commonly Asian Male (25%), followed by Black or African American Female (20.3%) and Black or African American Male (10.9%).

Full-Time vs Part-Time Enrollment

79%
Full-Time Enrollment

The total enrollment at McCormick Theological Seminary in 2022, both undergraduate and graduate, is 162 students. The full-time enrollment at McCormick Theological Seminary is 128 and the part-time enrollment is 34. This means that 79% of students enrolled at McCormick Theological Seminary are enrolled full-time compared with 71.2% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at McCormick Theological Seminary (in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. Black or African American
    70 enrolled students
  2. Asian
    35 enrolled students
  3. Hispanic or Latino
    19 enrolled students

The enrolled student population at McCormick Theological Seminary is 43.2% Black or African American, 21.6% Asian, 11.7% Hispanic or Latino, and 9.88% White. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 42.1% White, 19.3% Hispanic or Latino, and 14.1% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 0 students (0%) did not report their race.

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Graduates

In 2022, 13 fewer women than men received degrees from McCormick Theological Seminary. The most common race/ethnicity group of degree recipients at McCormick Theological Seminary is black or african american (19 degrees awarded). There were 2.38 times more black or african american recipients than the next closest race/ethnicity group, asian (8 degrees).

The most common Masters Degree concentration at McCormick Theological Seminary is Divinity & Ministry (18 degrees awarded), followed by Theological Studies (2 degrees).

In 2022,  the most specialized majors across all degree types at McCormick Theological Seminary, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (39 degrees awarded).

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at McCormick Theological Seminary are Clergy (75,499 people), Elementary & middle school teachers (9,354 people), Other managers (6,962 people), Postsecondary teachers (4,622 people), and Education administrators (4,507 people).

The most specialized majors at McCormick Theological Seminary in 2022 are Theology (39 degrees awarded) (as of 2022).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at McCormick Theological Seminary are Cardiovascular technologists and technicians, Physicians, Diagnostic medical sonographers, Securities, commodities, & financial services sales agents, and Lawyers, & judges, magistrates, & other judicial workers

The most specialized majors at McCormick Theological Seminary are Theology (39 degrees awarded) (as of 2022).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at McCormick Theological Seminary are Religious organizations (82,746 people), Elementary & secondary schools (23,116 people), Colleges, universities & professional schools, including junior colleges (11,032 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (8,773 people), and Construction (8,294 people).

The most specialized majors at McCormick Theological Seminary are Theology (39 degrees awarded) (as of 2022).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by McCormick Theological Seminary.
Most Common (2022)
  1. 18 degrees awarded
  2. 2 degrees awarded

In 2022, the most common masters degree concentration at McCormick Theological Seminary was Divinity & Ministry with 18 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from masters degree programs at McCormick Theological Seminary according to their major.

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Sex Breakdown for Common Majors

26
Degrees Awarded to Men
in 2022
13
Degrees Awarded to Women
in 2022

In 2022, 26 degrees were awarded to men at McCormick Theological Seminary, which is 2 times more than the number of degrees awarded to females (13).

This chart displays the sex disparity between the top 5 majors at McCormick Theological Seminary by degrees awarded.

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Most Common Male Majors

In 2022, 15 degrees were awarded to men at McCormick Theological Seminary in Pastoral Studies & Counseling, which is 5 times more than the 3 female recipients with that same degree.

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Most Common Female Majors

In 2022, 7 degrees were awarded to men at McCormick Theological Seminary in Divinity & Ministry, which is 0.636 times less than the 11 male recipients with that same degree.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. Black or African American
    19 degrees awarded
  2. Asian
    8 degrees awarded
  3. White
    7 degrees awarded

The most common race/ethnicity at McCormick Theological Seminary is black or african american (19 degrees awarded). There were 2.38 times more black or african american recipients than the next closest race/ethnicity group, asian (8 degrees).

0% of degree recipients (0 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. Black or African American Male
    10 degrees awarded
  2. Black or African American Female
    9 degrees awarded
  3. Asian Male
    8 degrees awarded

The most common race/ethnicity and sex grouping at McCormick Theological Seminary is black or african american male (10 degrees awarded). There were 1.11 times more black or african american male recipients than the next closest race/ethnicity group, black or african american female (9 degrees).

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Operations

McCormick Theological Seminary has an endowment valued at nearly $77.5M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−10.5%) compared to the 0.21% average return (24.5k on 11.6M) across all Special Focus Institutions.

In 2022, McCormick Theological Seminary had a total salary expenditure of 8.15M. McCormick Theological Seminary employs 6 Professors, 2 Instructors and 2 Assistant professors. Most academics at McCormick Theological Seminary are Male Professor (4), Male Instructor (2), and Female Professor (2).

The most common positions for non-instructional staff at McCormick Theological Seminary are: Management, with 10 employees, Office and Administrative Support, with 7 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 6 employees.

Endowment

$77.5M
2022 Endowment
14.9%
decline from 2021

McCormick Theological Seminary has an endowment valued at about $77.5M, as of the end of the 2022 fiscal year. The endowment of McCormick Theological Seminary declined 14.9% from the previous year. The value of their endowment was $65.9M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at McCormick Theological Seminary (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Faith-Related Institutions Carnegie Classification grouping.

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Salary Expenditure

$3.52M
2022 Salaries
8.99%
growth from 2021

In 2022, McCormick Theological Seminary paid a median of $3.52M in salaries, which represents 43.2% of their overall expenditure ($8.15M) and a 8.99% growth from the previous year.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

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Instructional Salaries

$1.02M
Instructional Salaries
11
Number of Employees

In 2022, McCormick Theological Seminary paid a total of $1.02M to 11 employees working as instructors, which represents 29.1% of all salaries paid.

This is compared to a median of $975k (30.7%) for similar Special Focus Institutions.

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Occupations by Share

Professor
Most Common Instructor
6 Employees
Management
Most Common Non-Instructional Employee
10 Employees

In 2022, the most common positions for instructional staff at McCormick Theological Seminary were Professor with 6 employees, Instructor with 2 employees, and Assistant professor with 2 employees.

In 2022, the most common positions for non-instructional staff at McCormick Theological Seminary were Management with 10 employees, Office and Administrative Support with 7 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 6 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Professor
  2. Male Instructor
  3. Female Professor

In 2022, the most common demographic for instructional staff at McCormick Theological Seminary was Male Professor with 4 employees, Male Instructor with 2 employees, and Female Professor with 2 employees.

This chart shows the sex split between each academic rank present at McCormick Theological Seminary.

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