1 / 18

The Impact of the Financial Crisis on Tertiary Education Institutions

Explore the impact of the financial crisis on educational institutions, response strategies, resource management, and government implications. Learn about scenarios, opportunities, and the need for innovative solutions to secure the future of tertiary education.

davidmsmith
Download Presentation

The Impact of the Financial Crisis on Tertiary Education Institutions

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Impact of the Financial Crisis on Tertiary Education Institutions Jamil Salmi OECD Conference 29-30 June 2009

  2. impact of the crisis • how resource flows are affected • responses of tertiary education institutions • scenarios for the tertiary education sector • implications for governments • opportunities

  3. resources flows • reduced government funding for teaching, research and student aid • reduced resources for institutions as demand falls (new domestic and foreign students, dropouts)

  4. resource flows (II) • fewer resources from private sector (donations, contracts) • fall in stock market values reduces value of endowments and pension funds

  5. differential effects • scope of crisis • business model and financing strategy • how endowment resources are used • balance among various sources of income • country and type of institution

  6. response of tertiary education institutions • budget cutting measures • revenue generation

  7. budget cutting measures • employment-related • programs and academic organization • students (number, teacher/student ratio) • efficiency measures

  8. revenue generation strategies • demand-linked measures • financial measures

  9. strengthening financial planning and management • information and monitoring • fund-raising strategy and team • investment strategy • contingency planning

  10. scenarios for the tertiary education sector • graduate unemployment • shifting demand (from long to for shorter duration programs, private to public, foreign to domestic) • increased inequality • deteriorating quality (with fewer resources)

  11. implications for governments • increase scholarships and establish / strengthen student loan programs • include tertiary education in economic stimulus plans • R&D • capacity building • entrepreneurship for innovation

  12. opportunities • innovations and startups • attracting foreign students • developing domestic private sector • philanthropy

  13. opportunities • efficiency gains and no-frill options • implementing structural reforms • strategic focus • new academic model • new business model

  14. conclusion • differential effects depending on context and strategic positioning • short term reactions vs. long term realignment

More Related