Business Skills -Week 3

1. Business Skills -Week 3 Studying in a Mass HE System

2. Lecture Considers • Trends in student participation and funding • Returns to HE – personal and social • HE and economic growth • Employers’ views of HE • Survival in a mass HE system

3. Trends in Student Participation

4. UK Funding per HE student

5. What’s in It for You • For Australia, France, Germany, Spain, UK & USA, those with a university education earn on average almost two thirds more than those who left school without A Level, or equivalent, qualifications • The unemployment rate for the unqualified is, for Germany, 3 times the rate for graduates, and 5 times the rate in USA

6. Tyranny of Numbers

7. Tyranny of Numbers 2010

8. And Yet More! • A recent study by Australian researchers predicts that by 2025 the world-wide student population will rise from its present level of 97million to 260million • The number of students studying at, or with, overseas universities will rise from 1.8million to 7.2million by 2025

9. HE and Economic Growth • UK – 40% of all skills shortage vacancies are for graduate occupations • UK graduate unemployment rate is at an all-time low of 2.4% • UK National Skills Task Force projections predict 1.7million new jobs in occupations requiring graduate level skills • Global Competitiveness Index – importance of HE

10. Employers’ View of HE • “there is strong circumstantial evidence from our members and other employers to suggest that a significant number of graduates seeking jobs are lacking in transferable personal workplace skills” (Industry in Education 2001)

11. Skills preferences

12. Survival in a Mass HE System • In the UK 80% of students enrolling for a degree obtain a degree, 2% obtain another undergraduate qualification and 18% do not obtain an award. • What explains the failure of around 1 in 5 students to obtain an award?

13. The Stay or Quit Decision Personal Problems Effective Learner Relationship with Staff & Students S/Q Academic Performance Commitment & Motivation Self-confidence Money Problems Satisfaction

14. Financial Problems • MORI survey of 1068 students in 20 UK universities • Students whose parents came from professional backgrounds owed £1019 less than students whose parents were in either blue-collar manual or unskilled jobs • Students from all backgrounds cited debt as the worst aspect of university life

15. The Social Make-up of UK Universities -1998

16. Satisfaction Commitment • Teaching Quality } • Facilities } MOTIVATION & • Reputation } COMMITMENT • Job Prospects and impact of withdrawal on those prospects • Interest in the subject • Family support

17. Course Quality -QAA • Business & Management UNL =24/24 • Business & Management LGU= 22/24 • Business & Management LSE = 24/24 • Business & Management Mdx = 22/24 • Business & Management Wstm = 20/24 • Business & Management SBU = 20/24 • Business & Management Grnch = 20/24 • Business & Management UCE = 21/24

18. Conclusion • Student in 2002 has a much tougher time of it than the student of 1972 • More jobs now requiring graduate qualification, and those without such qualifications tend to be less well paid and more likely to suffer periods of unemployment • Convincing yourself you can graduate, is half-way on the journey to doing it