Top 5 trends, Digital Skills and PPPs in Asia #GEI 10
Our 10th edition of the Global Education Insights newsletter and to celebrate we deliver 10 great reads from the global tertiary education sector and take a look back at our 10 most popular items from past editions.
The top 5 tertiary education trends to grapple with in 2015
Faced with changes in the economy, technology, demographics and regulations, the tertiary education industry in the US is changing. Grant Thornton sees five big shifts that will emerge and grow in 2015 and beyond: 1) A transition from “is college worth it” to “was it effective”, 2) An increased focus on financial stability, 3) A business model shift due to the digital revolution, 4) The focus on new governance models and new ways to facilitate decision-making, and 5) The need to acknowledge the elephants in the room (like deferred maintenance).
Report by Grant Thornton (2015) Download
Revamp recruitment strategies to capture the Millennial student market
Institutions are left puzzled — how best do you engage with the Millennial generation? This is a group of people who are supremely tech-savvy and acquire information differently to previous generation, thereby presenting the urgent need to revamp current recruitment strategies to effectively tap into the market. If institutions are not establishing a comprehensive digital and mobile strategy, or investing in high-quality tailored content yet, it’s time to re-evaluate their strategies.
Article by World Education Services (Oct 2014) Download
Higher ed, time to tap into Brazil, Vietnam, Indonesia and Nigeria
Putting all hopes on China and India for international student recruitment is not sustainable. It is time that institutions become forward-looking and think about cultivating a diverse portfolio of source countries. What are the key emerging markets for recruiting international students? WES has put bets on the following emerging markets to watch over the next 3 years: Brazil, Vietnam, Indonesia and Nigeria.
Article by World Education Services (May 2015) Download
Community college paves way to degree attainment
In the 2013–14 academic year, nearly half of all Bachelor degree graduates in the US attended community college in the past 10 years. Of these students who previously attended community college, 55% of them took less than 3 years to transfer to a four-year institution and complete their degree. These stats show that making the leap from community college to university isn’t impossible.
Report by National Student Clearinghouse Research Center (Mar 2015)
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Technology imperative to student success in community colleges
We all know that community college students may struggle completing their studies as they tend to be older, working part-time and care for dependents. What are some options for more flexible pathways for these students to earn a credential? The New America’s Education Policy Program advocates the enhanced use of technology to allow students to mix face-to-face, online, hybrid and competency-based courses. The catch is, the financial aid system needs to reform to support this flexible learning model.
Report by New America Education Policy Program (Feb 2015) Download
Digital skills shortage opens door to education providers
25% of Australian employers say there is not enough talent to meet their needs and 98% stress the importance of continuous digital training. With two-thirds of businesses planning further investment in digital training, Australia’s digital skills gap points to opportunities for investment in digital specific skill-based assessment and training, offering high value digital education to the workforce.
Report by Slade Group (Feb 2015) Download
Influential think tank says current £9K fee system ‘fails sustainability test’
Described as “the worst of both worlds”, the UK Higher Education Commission says that the government is funding HE by writing off student debt, as opposed to directly investing in teaching grants. The report looks at positives and negatives in six options for the future: the status quo, a graduate tax, lowering fees and increasing direct grant, lifting the fee cap, a “hybrid” system involving a levy on fees above a “soft cap” of £6,000, and differential fees.
Report by the UK Higher Education Commission (Nov 2014) Download
Government the major client of education-based PPPs in Asia, up to 2009
30 of the 38 projects identified by the Asian Development Bank as exhibiting PPP characteristics involved similar activities in which the government purchased services to provide education or to support capacity development in education. Only three projects were identified as supporting a “supply-side” alternative under which the education authorities contract directly with private providers to operate public schools, and only five projects were identified as supporting a “demand-side” alternative under which governments fund students to attend private education and training institutions. Of these eight projects, five were understandably focused on postsecondary education services and only three on the primary and secondary subsectors.
Report by the Asia Development Bank (2010) Download
Mining’s important to the Australia economy, but is being outpaced by other services
As Australia enters its 24th year of uninterrupted annual economic growth, mining continues to be a major contributor to Australia’s international trade profile, but it is the country’s services sector that generates more than 80% of its economic output. This sector is growing faster than any other industry and education and training is playing a role. Education and training grew 2.2% per annum since 1992, falling short of the service sector average of 3.3%. But Australia continues to be the fourth most popular overseas study destination in the world, attracting more international students than much larger economies like Germany and Japan.
Report by Austrade (Jan 2015) Download
Is education keeping up with the demands on the modern worker? Deloitte says no.
Traditional ways of acquiring an education are being disrupted. What once required a trip to the library and extensive research is now no further away than your smartphone. Ideas that previously took years to share with colleagues now flash around the world in seconds. But education needs to keep up with these changes which might lead to some big shifts in the industry. There appears to be two emerging trends that suggest the education sector is about to go through a change in paradigm: work integrating learning and employers moving away from formal credentials for which employees are measured.
Report by Deloitte (May 2015)
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This week’s infographic
