International students were responsible for bringing nearly $21 billion into the Australian economy over 12 months – a record for Australia. A 17 per cent increase in Chinese enrolments has played a large role in cementing international education as the third largest earner and biggest services export, emphasising the importance of education in Australia.
The Academic Ranking of World Universities included six Australian institutions in its top 100 list, while total university revenue is tipped to approach $30 billion, which would be near double what it was 10 years ago.
From a local perspective, five out of six Australian applicants received an offer to study a degree, with more than 97 per cent of students scoring an ATAR over 50. When it came to bachelor degree graduates, 94 per cent were satisfied with their experience.
In the Mid-Year Economic and Fiscal Outlook (MYEFO), the government announced that programs like the New Enterprise Incentive Scheme (NEIS) and Youth Jobs PaTH (Prepare, Trial, Hire) would receive additional funding to assist young Australians seeking employment.
Science, technology, engineering and maths (STEM) has re-emerged as a key focus in 2016. Various initiatives have been undertaken to highlight the importance of these skills in acquiring employment in the future, including teaching coding to young children, encouraging women to consider STEM-related careers and No Gender December, the movement towards avoiding stereotypical Christmas gifts for kids.
From an internal perspective, Good Education Group has gone from strength to strength. The launch of The Good Careers Guide, new websites for The Good Universities Guide and Studies in Australia and a successful roadshow of Australian Career Service Seminars were all significant milestones in 2016, as was the celebration of our very first birthday in October!
With more students, families and jobseekers utilising our services than ever before, and fostered integral relationships within the industry, we’ve enjoyed a successful 12 months and look forward to an ever better year in 2017!
So, on behalf of all us here at Good Education Group, thank you to all of you and enjoy the break!
Chris Lester is Good Education Group’s Chief Executive Officer and brings to the sector more than two decades of experience in strategic management, business development and financial services. Chris is passionate about education as he believes education facilitates our learning, knowledge and skill development, not just in the classroom but in the wider world around us. Learn more about Chris.