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HUGE REVENUES EXPECTED IN AUSTRALIAN EDUCATION MARKET

Key Financial Metrics On Australias Higher Education Sector

According to Ken Research, the Australian education market is expecting huge revenues over USD 115 billion by 2020. The changes in the education market that is the rising competition among students and innovative e-learning are benefiting Australian education market.

The education industry has become a crucial industry in Australia which is contributing a lot in the development of the economy of the country.

There has been an extraordinary growth in the education industry of Australia from 2010 to 2015 and particularly in the tertiary education sector which is contributing one-third of the total revenue earned in the education sector of Australia in the year 2015.

The superior quality of education and practice of English as a medium of communication has made Australia a preferred education hub for International students.

The country is attracting overseas students from different countries like China, India, etc. New South Wales, Queensland, and Victoria are the three states that recorded maximum number of K-12 school enrollments and this trend was maintained from 2010 to 2015.

Higher education is one of the prime sectors in education industry in terms of revenues mainly because large number of movement happens in this sector from overseas students.

Foreign students from all over the world travel to Australia seeking for higher education. The liberal immigration policy of the country is also one of the reasons behind the success of education sector.

It was observed in the research that in the K-12 category higher enrollments were made in male category, but female enrollments were more under higher education category. Vocational education and training (VET) is also one of the crucial elements of the Australian tertiary education.

[Read More: Application Process For Australian Education]

This sector is supposed to build a strong relationship between education and industry, and is considered to be the first step towards the corporate world. In the year 2015, almost 4.5 million students were registered in the VET sector as most of the VET courses in Australia are offering practical training and experience to the students which prepare them to be ready for the industry.

The Government of Australia is taking various steps to develop the tertiary education sector of the country.

The government is using Education Investment Fund of the country for refurnishing the infrastructure of universities and around 10 projects worth of 220 million were approved by the government for restructuring the universities of Australia.

Government of Australia is more focused on developing STEM related courses and funding more that is almost USD 9 million in the STEM sector to boost up admissions in these fields. The research observation also reveals that the Australian parents are willing to pay excessive amounts in tutoring.

[Read More: Eligibility Criteria To Study In Australia]

The tuition fees in various centers in Australia will be around USD 40-60 per week, which could be even higher if it is a private center that could go up to USD 120 for an hour, which is very expensive when compared to other countries.

It has also been observed that its not only the price of tuition that have increased but the age of the students going to tuition have also decreased as parents are opting for tuition for their children at a very young age.

As stated by Ken Research, a research analyst that, the association between industry and the higher education sector has been constantly shifting and deepening. For universities to grow, they need to maintain deeper liaison with the industry, since the significance of industry based learning and on the job training will act as a competitive edge for the universities.

The report of Ken Research that is Australia Education Market Forecast to 2020- Expanding Higher Education Segment and International Enrollments to Drive the Market provides a detailed overview of the Australian education industry.

For further details on overseas education, contact Global Tree overseas education services for achieving desired results under their proficient guidance.

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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