NEW OPPORTUNITIES IN CARIBBEAN

TERTIARY EDUCATION.

Presented by Dr. Anthony O. Fisher

Director, External RelationsUWI-Cave Hill Campus, Barbados

June 17, 2014

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GOV.UK – Tertiary education opportunity in the Caribbean study• A range of 150 tertiary level educational institutions funded primarily

by government:

– National Public Universities -- Guyana, U of Technology (Jamaica), Belize, Trinidad & Tobago, Haiti, DR

– Private Universities —St Georges’; Ross; Northern Caribbean; American U of Antigua; U of the South Caribbean

– Private and Public Colleges/Schools/Polytechnics –several in the various countries

– External Colleges/Universities - online and distance programming

• 1 Regional University - U of West Indies

EXISTING PROVIDERS

• Exponential growth in demand (CDB)

• Universal free secondary level education expands the pool of applicants

• Govt. assistance to provide “free” tertiary level education

• Only 12% ratio of those qualified for TE can be accepted

• Replacement of the 80% of tertiary graduates who emigrate yearly.

• Opportunity in filling the gap

LOCAL DEMAND FOR TERTIARY EDUCATION

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• GATT and the rise of TNE

• USA, UK, Australia, Canada prime destinations

• Revenue potential for country

• Increased competitiveness

• Internationalization a factor in university rankings

INTERNATIONAL EDUCATION TRENDS

“Demand for intl. higher education grew by 99% to 4.1 million students from 2000-2010, an average annual growth rate of 7.1% (KPMG)”

UWI – # 1 BRAND

• Started by Royal Charter in 1948

• Two Nobel Prize winners among faculty and students

• 8 Prime Minister graduates

• Reduced government funding

• Dilemma – be regionally responsive and international competitive

• IO’s create global learning opportunities

• Erasmus Mundus exchanges

• Study abroad – Denmark, DAAD Brazil, US

• New global full fee-paying niches

INTERNATIONALIZATION OF UWI

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• Articulation (Middlesex)

• Research partnerships (Kings College, 4R)

• Double degrees (New Brunswick)

• Consortia Agreements (CGBU)

• Representative agents (Student Centre)

• 2+2 and permutations (Chattanooga State)

STRATEGIC PARTNERSHIPS

• Downturn in nbr of foreign students to UK

• Change in UK student visa rules re work

• Higher UK university fees

• UK encouragement of and growth in UK study abroad

• Opportunity for UWI and partners

Pic from Shridath Ramphal CentreOPPORTUNITY DRIVERS

PROGRAMME

UWI, CAVE HILL U.K. UNIVERSITY

London School of Hygiene and

Tropical Medicine Masters in Public Health £8,960 £19, 450  MSc Logistics & Supply Chain Management

  Hull University£8,960 £13,300

 

MSc Project Management  Birmingham University

£8,960 £17,355

PRICE/VALUE OF THE UWI PROGRAMMES

“The overall structure and content of the programme is hugely impressive and undoubtedly of international

standard…. The course is likely to make a substantial

contribution to health in the region”

Master of Public Health UWI Cave Hill External review by Professor Liam Smeeth

Professor of Clinical EpidemiologyLondon School of Hygiene and Tropical Medicine

May 20th to 23rd 2012

INTERNATIONAL STANDARDS

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• UK institutions recruitment platform in Africa for outbound to UWI

• UWI preparation platform for UK inbound

• Brazil, Venezuela, Colombia, Mexico • Caribbean diaspora

• Guyana’s need for qualified HR

• Canada education visa rules create opportunity

• Online via OPEN campus

POTENTIAL MARKETS

FASTEST GROWING SOURCE MARKETS

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• Increase in regional demand for English• Venezuela - executives from PDVSA

• Brazil - continued growth of class “C” purchasing power

• Investment in study and work abroad to boost professional career 

THE ELT OPPORTUNITY

TERTIARY EDUCATIONIN THE CARIBBEANTHE CARIBBEAN

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• Ocean Sciences the next frontier – energy, aquaculture, mining, tourism, logistics; nutraceuticals

• Science and technology skills deficit

• Offshore oil and gas engineers and technicians

• A UWI partnership creates a ‘first mover’ opportunity

THE BLUE ECONOMY OPPORTUNITY

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• English teaching STEM academic hub between north and south

• Mauritius example

• A UK cost effective, academically certified and pre-packaged footprint for UK based universities/colleges

• Proximity to source/destination markets Brazil, Canada, Venezuela, Mexico, USA etc

• Beauty and political stability of the islands

• UWI and partners consortium

OPPORTUNITY TO CREATE AN EDUCATION HUB

• Representative agents, tertiary educational service providers, e-marketing and courseware developers, student loans providers, governments and venture capitalists all have opportunities.

• The underserved population “profits” from quality choices

• More demand than institutional supply in the Caribbean and contiguous region for qualified HR.

• Growing aspirations to middle class in South America and African continents create recruitment pool

• Canada’s immigration policy favors the export model

• Higher rates of Internet connectivity in region

WHO CAN PROFIT AND WHY?

• Mindset: Educational services as an export sector

• Mindset: Tertiary education as contributor to foreign direct investments

• Investment promotion agencies to put educational services on agenda, web-site, promotional materials, budget

• Funding recruitment efforts

• Marketing research for particular niches

FACILITATORS

Anthony O. Fisher, Ph.D.

Director, External Relations

The University of the West Indies

Cave Hill Campus

P.O. Box 64, Bridgetown, BB11000

BARBADOS

Tel: 246-230-6673; 246-4174656

Email: anthony.fisher@cavehill.uwi.edu

CONTACT DETAILS