Best in class: Growing school retention rates have boosted industry demand and revenue

The University and Other Higher Education industry has undergone significant review and reform over the past five years. In 2012, the Federal Government introduced a demand-driven funding model for universities, prompting higher domestic student enrolments over the period. However, uncapping Commonwealth-supported places has significantly increased public expenditure on universities, creating budgetary pressures for the Federal Government. Changes to student visa requirements and a depreciating Australian dollar over the past five years have also caused international enrolments to strongly grow alongside domestic enrolments. Industry revenue is expected to expand at an annualised 3.1% over the five years through 2017-18, to $31.4 billion. This includes an expected rise of 5.1%...read more.

Industry Statistics & Market Size
Revenue
$31bn
Annual Growth 13-18
3.1%
Forecast Growth 18-23
Profit
Employment
130,734
Businesses
44

Industry Threats & Opportunities

  • International and indigenous student enrolment numbers have risen over the past five years
  • The depreciation of the Australian dollar has boosted international enrolments over the period
  • International student enrolments are forecast to remain strong over the next five years
  • Industry Report - Industry Analysis Chapter

    Revenue for the University and Other Higher Education industry has grown over the past five years. Federal Government funding for the industry has risen with greater student numbers. Industry wage costs have increased over the period due to higher demand for academic staff to teach larger student cohorts. Rising depreciation costs over the past five years have negatively affected surplus industry revenue over the period. The number of industry enterprises has marginally risen, with the entry of Torrens University Australia in 2014. Greater numbers of international students, rising tuition fees and growing enrolments in masters programs have also supported revenue growth over the past five years. Industry revenue is expected to increase at an annualised 3.1% o...purchase to read more.

    Additional Insights for the University and Other Higher Education Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the University and Other Higher Education Industry are

  • Use of specialist equipment or facilities
  • Market research and understanding
  • Ability to raise revenue from additional sources
  • IBISWorld analysts also discuss how external factors such as Population aged between 18 and 25 and Public funding for tertiary education in the University and Other Higher Education industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the University and Other Higher Education Industry?

    The industry comprises accredited education providers mainly providing undergraduate and postgraduate teaching as defined under the Higher Education Support Act 2003.

    Industry Products
  • Bachelor's degrees
  • Other undergraduate programs
  • Master's degrees
  • Doctoral and other postgraduate degrees
  • Other education courses
  • Research
  • Industry Activities
  • Postgraduate school operation
  • Research school operation
  • Undergraduate school operation
  • University operation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Population aged between 18 and 25
  • Public funding for tertiary education
  • Trade-weighted index
  • Secondary school retention rate

  • Current Performance
  • Policy developments
  • International developments
  • Massive Open

    Online Courses

  • Research developments
  • Enrolment trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Education reforms
  • Online courses
  • Staff shortages
  • Enrolment trends
  • Table: University and Other Higher Education Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - University and Other Higher Education Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Scientific Research Services
  • Consumers

  • Key Selling Industries
  • Computer and Computer Peripheral Wholesaling
  • Newspaper and Book Retailing
  • Paper Product Wholesaling

  • Products & Services
  • Bachelor's degrees
  • Master's degrees
  • Doctoral and other postgraduate degrees
  • Research
  • Other undergraduate programs
  • Other education courses
  • Chart: University and Other Higher Education Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Domestic students
  • International students
  • Domestic students (low SES)
  • Research and consulting markets
  • Chart: Major Market Segmentation for the University and Other Higher Education Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs University and Other Higher Education

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the University and Other Higher Education Industry

  • Industry Globalization
    University of Melbourne, University of Sydney, Monash University, University of New South Wales, University of Queensland,
  • Table: University of Melbourne - financial performance
  • Table: University of Sydney - financial performance
  • Table: Monash University - financial performance
  • Table: University of New South Wales - financial performance
  • Table: University of Queensland - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the University and Other Higher Education Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the University and Other Higher Education Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Fee-Help
  • An interest-free loan facility available to fee-paying undergraduate and postgraduate students in accredited coursework programs.
  • Hecs-Help
  • An interest-free loan available to eligible students enrolled in Commonwealth-supported places.
  • Os-Help
  • A government loan for people taking part in study overseas.
  • What Our Customers Say

    Why buy this report?

    The University and Other Higher Education market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on University and Other Higher Education:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The University and Other Higher Education market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on University and Other Higher Education, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear