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Huge Revenue Growth from Off Shore  Education in New Zealand

Overseas Education in New Zealand

In a press release on August 19, 2016, the Minister of Tertiary Education and Skills and Employment, Hon Steven Joyce, made a media statement that revenue of $171 million was earned last year from offshore education services which is a rise from $104 million in 2012. The Education New Zealand revealed the figures in the report. The significant contribution of overseas education services towards the New Zealand's economy which is around $242 million was also presented in the report. But the report did not include the economic valuation of the overseas students studying in New Zealand. The international education industry in New Zealand that is bot offshore and onshore delivery is the fifth largest export industry of the country. The statistical figures show that the value of onshore education delivery is estimated to be $3.1 billion per annul, as on 31st March.

The total estimated value of education services exports and onshore education delivery is $3.3 billion. Whereas the fourth largest export industry in the country is the woods export industry whose value is estimated around $3.6 billion. Mr. Joyce asserted that, "this report provides us with a more reliable measure of the offshore education services sector, and the value it represents to the New Zealand economy". As per the report there 20% increase in the value of revenue growth, and compared with 2012 survey, more samples of firms and activities were includes, which also involves some outside the education industry. The education services export industry in New Zealand is very diversified which includes a varied range of products and services such as, educational technology, publishing, consultancy, teaching services, training and assessment,  and qualifications to overseas students and candidates.

[Read More: New Zealand: Your Destination Of Choice For An Overseas Education]

The offshore education services delivery could be done by any institution or workplace and delivered either physically or online transfer. The New Zealand Government is planning to increase the value of overseas education by 2025 to $5 billion and education services to be increased to $500 million. Mr Joyce believes that there are ample growth opportunities available offshore to the new education providers in New Zealand. He further mentioned that, "It is not easy to break through internationally, but a number of highly innovative companies are showing the way".  He also added that, "the revenue increase since 2012 show valuable progress is being made towards achieving the Government's key growth goals for international education". Covec Limited produced the report in partnership with Info metrics, "Development and Implementation of a new Valuation Methodology for New Zealand's Education Services Exports". The report was based on the survey targeting 51 respondents which was conducted in the month of February and March 2016. Three fourth of the respondents stated that yes they were the part of education and training industry and the rest one fourth were from different industry.

[Read More: Best Universities To Study In New Zealand]

The key findings of the survey revealed that more than 60% of the respondents were providing conventional teaching and learning materials, more than half of them were providing educational technology services. Around 40% of them were offering consultancy services, 38% of the services were delivered online or through distance education. As per this survey there is expected growth of 20% in this sector in the coming three years. The top markets in this sector are Australia, China, US and UK. The direct employment in this sector is estimated to be 895, whereas total employment is estimated to be 1584. As per the report the crucial regional markets for New Zealand are, Southeast Asia, Middle East and Pacific Islands. This report provides a strong approach for assessing the value of educational services exports and also offers a widespread benchmark.

For more details related to overseas education, contact Global Tree Overseas Education Services for authentic and trustworthy counselling from a decade old market leader company in this sector.

Frequently Asked Questions

The common notion is that foreign universities are expensive, although with scholarships this is an exaggerated issue. What many fail to consider are time and effort. Studying in an Indian college leads to a lower average salary than earned by our western counterparts. This salary sets the tone for all future promotions since companies often look at your previous salaries during compensation appraisals. Additionally, most senior positions tend to be scooped up by individuals who have an international outlook through global exposure.  Finally, studying in a foreign country is an incredible learning experience helping students get a better academic as well as soft skill development.

Canada has been one of the market leaders in education for decades. However, what currently sets Maple Country apart is immigration. Canada is wholeheartedly inviting students to study in their universities to fill job vacancies that are always growing in the country. Students who study in Canada (especially a Master’s Degree) are practically assured of a Permanent Residency Visa.

A good score doesn’t automatically qualify a candidate for a scholarship, however, it is one of the primary factors that the admissions department looks for in a scholarship application. There are other attributes such as a candidate’s academics, extra-curricular, financial background, and application essays (SOPs).

We get this question a lot. Many candidates know which career path they want to take, but are at a loss for how to take that journey. Understanding the job role and the industry that you want to get into is the first step to picking the right university.

Carefully consider the immigration options of the country that the university that you are considering is in. This is more important when you intend to stay back in the country after the completion of your course.

Also, review the placement history of the university as well.

The first step is to list your preferences. By listing your preferences and strengths, describe your course of preference. Extensive research on the modules, software and its length for your preferred subject is necessary.


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