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HIGHER EDUCATION DAY
S
THE HIGHER EDUCATION LANDSCAPE
by Nina Adlan Disney
Renaissance Hotel, Kuala Lumpur
22 January 2014
HE Landscape: Three Focus Features
1. The Global Education Industry
2. What does ‘World Class’ mean?
3. The TNE Top Ten
The Global Education Industry
In 2012, Education was a US$4.5 Trillion industry!
World’s 2nd biggest after Healthcare (Note: corporate investment in healthcare is 16x that of education)
Three times bigger than Telcos, eight times bigger than Advertising
Why is the Private Sector investing in Education?
New action is urgently needed to improve education
Poor-quality education is a strategic growth constraint for business that impacts the bottom line – talent development and retention
Return on investment in education, as well as the potential to close a major value gap
Innovative new vehicles for business investment in social sectors are emerging
INVESTMENT IN GLOBAL EDUCATION: A STRATEGIC IMPERATIVE FOR BUSINESS, Sept 2013 Brookings Institute and Accenture
Global Market Size
Global Education Spend
K-12
Postsecondary
Corp & Govt. Learning
eLearning
K-12 eLearning
Higher Ed eLearning
Corporate eLearning
For-Profit Postsecondary
Social Learning/Communities
Child Care
Edu Gaming
Global Language Learning
Global English Language
Test Preparation
For-Profit
$4,450.9 B
$2,227.0 B
$1,495.2 B
$356.6 B
$90.9 B
$16.6 B
$48.8 B
$25.5 B
$96.1 B
$1.0 B
$200.0 B
$2.0 B
$115.0 B
$63.3 B
$54.0 B
$590.9 B
$5,508.7 B
$2,625.6 B
$1,883.5 B
$449.3 B
$166.5 B
$39.0 B
$95.4 B
$32.1 B
$146.1 B
$2.9 B
$266.2 B
$4.4 B
$198.7 B
$123.6 B
$78.2 B
$952.2
$6,372.5 B
$2,930.3 B
$2,196.9 B
$524.0 B
$255.5 B
$69.0 B
$149.0 B
$37.5 B
$193.2 B
$5.6 B
$322.1 B
$7.4 B
$286.2 B
$193.2 B
$100.0 B
$1,311.0
Market Size 2012
Market Size 2015
Market Size 2017
GSV Education Sector Handbook, 2012
‘World Class’: Definitions and Dichotomies
Quality and Quantity
Internationalisation and TNE
Academic and Vocational
Inputs and Outputs
Tradition and innovation
Access and Excellence
Teaching and Research
Breadth and Niche
University rankings
Why?
What?
Prestige, Recognition, Benchmarking, Political & Public Engagement …
Three factors distinguish top universities
1.TalentTeachers, researchers and students
International faculty and student body (20-30%)
2. Big budgets and diversified sources of funding Contract research from public organisations and private firms
Endowments, gifts and tuition fees 3. Freedom, autonomy and leadershipCompetitive environment (meritocracy??)
Unrestrained scientific inquiry, critical thinking, innovation and creativity
Limited bureaucracy or externally imposed standards
Agility and freedom to change
Transnational Education (TNE)
TNE takes off in the 1980s with…Twinning
Transfer
1+2
2+1
3+0
Branch campuses
Joint/dual certification
Hubs/Networks
MOOCs - business models, scale, sustainability, monetisation, accreditation…?
Source: edudemic
TNE Top Ten
Dubai, Malaysia, Singapore and Hong Kong
The Big Four…
Plus Six....
Doha, Qatar: six US, one British, and one French university offering courses and degree programmes in Education City Manama, Bahrain: newest of the FIVE ‘eduhubs’ in the Middle EastJeju, South Korea: began to build integrated eduhub in 2009 to provide alternative English education from primary to university Fort Clayton, Panama: US ex-military buildings to provide socio-economic uplift, combining tech and business with US university links
Colombo, Sri Lanka: MoHE targeting an eduhub from 2015 as part of national development plans. Serious obstacles still to be overcome …
Bangalore, India: already a de facto hub with IT/Tech research plus HE institutions, but still difficult for foreign campuses
Conclusions
1. The Global Education IndustryWorld’s biggest industry- private sector will exert a growing
influence
2. What does ‘World Class’ mean? Difficulties with definitions- although there may be shared
consensus
re factors that distinguish top universities
3. The TNE Top TenMalaysia leading TNE pioneer- cannot afford to remain
complacent
in the face of increasingly competitive global environment
