International Education – Foreign Student – Value

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The value of international education and international students, tangible and intangible, is egregiously under – estimated by the application of a narrow ‘white nativist’ or politically opportunistic prism that ignores inconvenient facts and dynamics.

Many Australians of Anglo Irish heritage focus too much upon international students described as ‘immigrants’, their potential for permanent residency (with significant hurdles) and demands for same ‘foreign’ students to return home in support of their home country.

Conversely same qualifications are used by Australians internationally, many of the same gain other residency or even dual citizenship, yet there are no demands for the same e.g. to return home and/or pay back fees?

This dynamic is simply a reflection of increasing geographical and social mobility (taken for granted in the EU) for all in the developed and many in the less developed worlds for whom higher education and/or technical skills and languages improve their lives and others’.

Meanwhile too many narratives from our mono-cultural political, media and social elites seem about creating ‘us vs them’ for voters, and worse, deep seated Nativist or colonial ideology.

Global population is expected to peak mid-century whereby there may be increased competition for people, with sub-Saharan Africa being the only place with population growth and significant younger demographic cohorts.

Late news: The U.K. has announced the re-introduction of post graduate work visas for international university graduates.

Australia should try to keep more international students who are trained in our universities

Jihyun Lee – September 13, 2019 6.02am AEST

Australia’s education system takes almost one in ten of all international students
from countries that are members of the Organisation for Economic Co-operation and
Development (OECD).

That’s according to the latest Education at a Glance report from the OECD.
But Australia should do more to retain some of those students after graduation or it
risks losing good talent overseas.

A degree of talent

The OECD report says Australia’s higher education sector is heavily reliant on international students. They represent about 48% of those enrolled in masters and 32% in doctoral programs.

This is partly due to a lack of interest among Australians in pursuing higher-degree study compared to other countries, about 10% in Australia versus 15% across OECD countries.

International students make up 40% of doctoral graduates in Australia, compared to 25% across OECD countries. That’s higher than the US (27%) and Germany (18%), the other two popular destinations for international students.

Australian students are not choosing some STEM (science, technology, engineering and mathematics) subjects as much as those in other OECD countries. For example, only 17% of adults (aged 25 to 64) with a tertiary degree had studied engineering, manufacturing and construction.

Other comparable industrialised countries such as Sweden (25%), Korea (24%), Japan (23%) and Canada (21%) are obviously doing better.  This trend appears to be getting worse because the proportion of new students entering STEM-related bachelor degree programs is lower in Australia (21%), compared to 27% across OECD and partner countries.

While the government here provides for up to four years of post-higher-degree stay for international students, it is inevitable that Australia faces a drain of foreign-born specialists who were educated in Australia.

In 2017, the Australian government granted permanent visas to only 4% of foreign students and temporary graduate visas to only 16% to live in Australia after completing their study. It is obvious then that many international students return home after they study in Australia.

What can the Australian government do?

We need to provide better incentives for those who complete a higher-degree program, especially in the STEM areas, to stay on in Australia.

The OECD’s report says people who studied information and communication technologies (ICT) and engineering as well as construction and manufacturing will continue to benefit greatly from strong labour-market opportunities everywhere in the world.

Australia can do better in attracting younger generations to be trained in the STEM area at higher degree levels. We then need to try to retain more of the foreign-born higher-degree holders rather than sending them back home.

Being afraid of an influx of Chinese or Indian students who will contribute to development of innovation and technological changes in this country should become a thing of the past.

Good news for Australia’s education

The Education at a Glance program aims to give an annual snapshot of the effectiveness of educational systems – from early childhood to doctoral level – across all OECD and partner countries.

At almost 500 pages, the 2019 report does contain some good news for Australia. Australia spends a higher proportion of its GDP (based on public, private and international sources) on education, 5.8% compared to the OECD average of 5.0%.

The Australian education system strongly promotes compulsory education. Our 11 years of compulsory education is the longest among OECD countries. That means each student gets 3,410 more hours over the period of compulsory education.

When it comes to people going on to further studies, the proportion of tertiary-educated Australians has increased over the past ten years. It is now 51%, compared to the OECD average of 44%.

On graduation, the average debt for Australian students is US$10,479 (A$15,243), one of the lowest among OECD countries. It’s about half that of New Zealand US$24,117 (A$35,080), which has similar tuition fees and financial support systems.

Education pays off

Australian young adults with vocational qualifications have a higher employment rate (83%) than the OECD average (80%).  Although earning power is still greater for those with a higher level of educational attainment, the financial return from more schooling is far smaller in Australia.

Compared to those with upper secondary education, full-time tertiary-educated Australian workers earn 31% more, compared to 57% more on average across OECD countries. Adults with a master’s or doctoral degree earn 52% more, compared to 91% more on average across OECD countries.

The OECD attributes this trend partially to good labour-market opportunities for those with upper secondary vocational qualifications.  The OECD also notes that the average employment rate for Australian tertiary-educated adults is 85%, only two percentage points higher than the 83% for those with a vocational upper secondary or post-secondary non-tertiary qualification. This is one of the smallest differences across OECD countries.

For more articles and blogs about international education, immigration, population growth and white nationalism click through.

Per Capita GDP Growth and Ageing Populations

Australian economic, political and social narratives focus upon ‘high immigration rate’ and ‘population growth’ as negatives, claiming in first article following from The Conversation that the latter masks low or declining economic growth.  On the other hand, VOX CEPR suggests a linkage between ageing, longevity and declining per capita GDP; increasing numbers of retirees may well be a significant cause?

Vital Signs: Australia’s sudden ultra-low economic growth ought not to have come as surprise

March 7, 2019 1.28pm AEDT

Australia’s big little economic lie was laid bare on Wednesday.

National accounts figures show that the Australian economy grew by just 0.2% in the last quarter of 2018. This disappointing result was below market expectations and official forecasts of 0.6%. It put annual growth for the year at just 2.3%.

But the shocking revelation was that Gross Domestic Product per person (a more relevant measure of living standards) actually slipped in the December quarter by 0.2%, on the back of a fall of 0.1% in the September quarter…..

Population growth hides it

The more insidious answer in Australia is that, for a long time, our high population growth, fed by a high immigration rate, has masked a much less rosy picture of how we are doing. And neither side of politics has wanted to admit it.

At 1.6% a year, Australia’s population growth is roughly double the OECD average, which is perhaps why we hear politicians say things like “Australia continues to grow faster than all of the G7 nations except the United States,” as Treasurer Josh Frydenberg did this week.

The good news is that standard economic theory tells us that in the long run, immigration has very little impact on GDP per capita in either direction, unless it drives a shift in the population’s mix of skills.

But in the short term, it depresses GDP per capita because fixed capital such as buildings and machines has to be shared between more workers….

But the fundamentals of the Australian economy are looking somewhat weak. Like the US and other advanced economies, we are living in an era of secular stagnation – a protracted period of much lower growth than we had come to expect.

And until we do something to tackle it, such as a major government investment in physical and social infrastructure, we will continue to face anaemic wage growth, shaky consumer confidence, and mediocre economic growth per person.’

 

The impact of population ageing on monetary policy

Marcin Bielecki, Michał Brzoza-Brzezina, Marcin Kolasa 05 March 2019

Population ageing is likely to affect many areas of life, from pension system sustainability to housing markets. This column shows that monetary policy can be considered another victim. Low fertility rates and increasing life expectancy substantially lower the natural rate of interest. As a consequence, central banks are more likely to hit the lower bound constraint on the nominal interest rate and face long periods of low inflation, especially if they fail to account for the impact of demographic trends on the natural interest rate in real time

Many countries, developed and developing alike, are experiencing a process of population ageing – fertility rates remain below the level that guarantees the replacement of the population and the average life expectancy at birth keeps increasing. As a consequence, the ratio of the elderly to the working-age population – the old age dependency ratio – has been, and will be, increasing over the upcoming decades. To give some idea on the magnitude of this process, while the ratio of elderly (aged 65 or more) to the working-age population (aged 15-64) in the euro area was around 0.25 at the turn of the 21st century, the proportion is projected to exceed 0.5 by 2050 (see Figure 1).

The demographic transition will have many consequences related to various aspects of economic activity. To mention just a few, the increasing share of elderly in populations is likely to negatively impact the growth rate of GDP per person (Cooley and Henriksen 2018) and the sustainability of pension systems (Boulhol and Geppert 2018), and will lead to an increase in the share of GDP being spent on healthcare and related services (Breyer et al. 2011)….’

For more articles about population growth and NOM net overseas migration click through.

 

 

 

Impact of Digital on Marketing Industry Employee Skills

Digital and any new technology can be disruptive and requires changes in thinking, working, learning, education and training; includes marketing and IT.  However, like computer science, education and even job descriptions do not keep pace with technological change while many working successfully in IT or marketing do not possess related university degree, if at all.  Many are educated in other or similar disciplines e.g. engineering, or self-taught through personal or business need, and industry training or certification is more important than the degree (like CPA in accounting), supported by outcomes.

Following is paid content (marketing) from Digital Essentials on Mumbrella explaining how digital has impacted the marketing industry:

Marketing jobs are radically different in 2019 – but some employees can’t keep up

A revolution in how we consume media has turned advertising on its head, but recruits of all levels aren’t being trained in essential new skills.

February 4, 2019 7:30

Keeley Pope understands better than most how jobs in Australia’s media and marketing have changed over the last decade. A recruiter with 25 years experience, she deals first-hand with exasperated employers who require new starters to have mastered a breathless list of digital skills. “Today, you’ve got to be able to go from editing a video one minute to analysing data the next and then briefing into a post-production house afterwards,” she says.

In fact, that’s just the start of it. Marketing roles in 2019, she explains, can also encompass social media strategy, paid content, e-commerce, app building, project management as well as skills in Photoshop, CMS and copywriting. “Even the mid-level roles are very much hands-on,” she adds. “Now, marketers are publishers in their own right, too.”

These changes are, of course, a result of how marketers and agencies have reacted to the differing ways we consume media – the decline of printed newspapers, say, or the rise of social media and TV-on-demand. The problem is many current employees have been caught cold: either forced to suddenly acquire skills they’ve never been trained for or rejected for new positions outright. “The onus is on the individual to upscale themselves….

….And all that change is affecting how businesses are marketing and growing. New research by PWC and Facebook, for instance, reveals more than a third of Australian small businesses are exporting to foreign markets, and more than a third of companies now earn international revenue within just two years of establishment.

And so brands have reacted. Digital marketing spend has grown by 13% in the last year, up to $2.24bn, with video showing the biggest leap, along with increases to display, classified and search (Google ads, basically). Meanwhile, programmatic spend in Australia has leapt to $1.7bn – a staggering increase from just $84m in 2012.

“The reality is modern market is diversifying,” says Easther. “So employees now need to know a little bit about a lot – whatever side of the fence you’re working on. So, to do marketing well, particularly in digital, you need to be able to hold a conversation, and you need to know the strategy of how all the channels work together.”….

….On Easther’s course, he finds his students range from those starting out in creative agencies to senior marketing directors working client side and even those in media sales. “Some have learned digital from a few different sources and they come to formalise their learning,” he says. “While others have deep knowledge in one area but want to be more versatile. They might be a social specialist, say, but when they have a meeting to discuss programmatic, they wish they could contribute more.”’

For more articles and blogs about digital marketing, digital marketing lecturer and digital or e-consumer behaviour click through.

 

International Education – Experience of Students and Stakeholders

International Education: Experience of Students and Stakeholders – Quality, Marketing and Customer Journey.

Summary of minor research dissertation for Master of Education (Education & Training) awarded in 2002 by Victoria University, Melbourne, related to international education according to former international students and stakeholders leading to a cyclical quality and marketing paradigm.

What is the experience of international students and stakeholders?

International Student Experience (Image copyright Pexels)

Proportionally less funding due to ageing permanent populations and workforces competing for state resources compelled universities and education institutions to attract full fee paying international students to both make up budget short falls, support tax base and subsidise domestic students; temporary immigration to balance government budgets.

Australia has been very successful in attracting students from the Asian region, especially India and China, with commensurate calls for more diversity e.g. students from Europe and Africa.  While quality and marketing are strongly related, research into these factors can assist in more systematic and informed marketing, especially through qualitative insights as opposed to interpretation of solely quantitative data.

Existing research is generally restricted to state sponsored surveys of general student population and institutional level students, already on campus.  Good research should use qualitative techniques e.g. grounded theory, to allow issues or concerns of students and stakeholders emerge without prescribing factors restricting and limiting insight.

Qualitative research methods can achieve validity, simplicity or utility and reliability of factors to be evaluated in international education at the institutional, faculty of course level as part of quality and marketing system.  According to an international education researcher:

“‘If they don’t like our courses, they wouldn’t come would they? I haven’t heard anyone complaining, have you?’

Attitudes such as these, though seldom voiced loudly or publicly, may be covertly present in many higher education institutions. Nevertheless, in spite of the fact that all too many institutions see overseas students solely or mainly in financial terms they are also an important educational resource, bringing fresh perspectives to our culture and are by no means simply a lucrative nuisance to be tolerated”

Already we are observing how globalisation exemplified by increasing mobility for travel, study, work and life leads to more competition or choices for international students.  Accordingly, institutions whether international and/or domestic, need to satisfy stakeholders through feedback, comparison and improving performance or quality; not waiting for state sponsored surveys.

To achieve consistent quality of value creation and delivery to the customer, sustained research and feedback from intermediate and final customers is required.  Without ongoing internal and systematic market, social and education research there is a danger of institutions, especially large, losing touch with students and stakeholders therefore not delivering a quality service; thus compromising their survival.

For related articles see Andrew Smith’s profile on Academia.