Regional business educational model innovations Understanding the differences across the Asia-Pacific region

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1 Regional business educational model innovations Understanding the differences across the Asia-Pacific region AMBA Asia Pacific Conference Hangzhou, November 2013 Bob O Connor Executive Director QUT Graduate School of Business

2 Deans Forum Regional business educational model innovations: understanding the differences across the Asia-Pacific region As with any industry, understanding cultural differences and nuances in education is important for doing business globally. In this session representatives from a sample of Asia Pacific countries will give an insight into educational system differences, similarities and country specific issues. Chair: Sir Paul Judge, President, The Association of MBAs Prof Dr Che Ruhana Dean, Faculty of Business and Accountancy, University of Malaysia Lin Zhou, Dean, Shanghai Jiao Tong University Bob O'Connor, Executive Director, QUT Graduate School of Business Dr Mukul Gupta, Director, Management Development Institute

3 Trends in Australian Tertiary Education Demand Increasing participation Australian and international students Tertiary pathways for those from disadvantaged groups and those with employment experience Digital natives seeking flexible options just right, just now Supply Government regulation and reduced government funding Increasing competition Business School businesses Global brands Renewal of an aging academic workforce

4 Demand Accelerated growth since 2000 Entrance based on past academic performance and/or work experience Recent removal of caps on the number of government supported UG places Females now in the majority at university Not consistent across all disciplines Not yet in MBA programs (approximately 30%) Figure 10: Proportion of enrolments by gender (domestic students) 90% 80% 70% 60% 50% 40% 30% 20% 10% Females Males 0% Sources: DEEWR (2000); DIISRTE ( )

5 Government target is for 40% of young Australians to hold a tertiary qualification by 2025 Up from 3% in mid 1970 s and currently above 30% PROPORTION OF AUSTRALIANS AGED WITH VOCATIONAL OR HIGHER EDUCATION QUALIFICATION Source(s): ABS Survey of Education and Work 2001 Transition from Education to Work Survey PROPORTION OF MEN AND WOMEN AGED YEARS WHO HAVE ATTAINED A TERTIARY QUALIFICATION Source(s): Organisation for Economic Cooperation and Development, 2011, Education at a Glance 2011: OECD Indicators

6 Growth in Enrolments at Australian Universities Domestic and international students Postgraduate coursework programs are the growth area Figure 8: Enrolment share by level of study, % 90% 80% 70% 60% 50% Postgraduateresearch Postgraduatecoursework 40% 30% Undergraduate 20% 10% 0% Note: Doctorate by coursework is classified as postgraduate coursework. Sources: DEEWR (2000); DIISRTE (2012o)

7 Australian MBA Enrolments Student profile Part time 39 years 30% female 4% international students, though 30% may be born overseas Entrance criteria vary Undergraduate degree Pathways acknowledging professional employment Limited use of GMAT 1,103 tests taken in 2012 by Australian/Pacific citizens 50% submitted to USA, 17% to UK, 16% to Australia 14,000 12,000 10,000 8,000 6,000 4,000 2, MBA Students (Internal - studying in Australia) MBA Students (Internal - studying outside Australia) MBA Students (External & Mixed Mode - studying in Australia) MBA Students (External & Mixed Mode - studying outside Australia) Total MBA Students at Queensland Universities (Total all modes - Studying in Australia)

8 Regulated Provision of Higher Education 173 Higher Education Providers in Australia authorised by the Federal Government (2012) Higher Education Standards Panel Australian Qualifications Framework (AQF) Tertiary Education Quality and Standards Agency (TEQSA) Regulator Australian Qualifications Framework Level Qualification 1 Certificate I 2 Certificate II 3 Certificate III 4 Certificate IV 5 Diploma 6 Advanced Diploma; Associate Degree 7 Bachelor Degree 8 Bachelor Honours Degree, Graduate Certificate; Vocational Graduate Certificate, Graduate Diploma; Vocational Graduate Diploma 9 Masters Degree 10 Doctoral Degree Source: AQF (2013)

9 41 Australian Universities (of the 173 HEP) 94% of students enrol at universities 37 public/government universities established under acts of parliament Must be research active in at least three broad fields of study (Protects use of the word university, some see this as anticompetitive) Universities self accredit course offerings Subject to audit by the standards agency TEQSA

10 Australian University Alliances Group of Eight (Go8) Traditional research intensive universities Australian Technology Network (ATN) Applied, industry connected Innovative Research Universities Regional Universities Network Private universities

11 Increasing competition from competitors with more flexible business models Of the 173 HEP s, 132 are colleges, institutes & schools Include nimble professional associations and for profit organisations Chartered Secretaries, College of Law, College of Management, Kaplan Business School, Institute of Business and Technology, Investment Banking Institute Business School, Navitas, Seek... Not self accrediting award courses must be accredited by TEQSA Business courses are the most common offering Online Universities Australian and international (global brands) MOOCS Corporate Universities Company specific programs - content in context

12 Australian Government Initiatives Government resources for priority areas (STEM ) Commonwealth Supported Place (CSP) funding varies by discipline (very low for business) Infrastructure grants Students contribute near 40% of university costs Maximum fees (UG and some PG) are set by Government and students make direct payment or HELP loans with repayment through the tax system New Colombo International Experience Program 2014 pilots with Indonesia, Singapore, HK and Japan National Broadband Network (NBN)

13 Australian Summary Quality, regulated provision by Universities and other Higher Education Providers Growth in both domestic and international students studying in Australia Developing Australia s youth with a cultural and business understanding of Asia Challenge of developing female business leaders Increasing competition between all HEP s and from global brands NBN will support live virtual learning and advanced online offerings Potential wide use of MOOCS

14 Queensland University of Technology (QUT) Brisbane Australia

15 QUT: University for the Real World 46,000 students across six faculties Business Creative Industries Education Health Law Science and Engineering Business School with 10,000 students Accountancy Economics and Finance Advertising, Marketing and Public Relations Management Graduate School of Business

16 Graduate School of Business GSB is a multidisciplinary school Access faculty from the discipline schools, wider QUT and leading national and international academics and industry professionals MBA focused on the leadership and decision making in complex business environments MBA ranked #3 by the Australian Financial Review EMBA ranked #4 Executive Education

17

18 G20 Global Business Challenge November 2014 meeting of the G20 nations in Brisbane QUT hosting the G20 Global Business Challenge Business Case Competition Judging by global B20 industry executives Information available from January 2014 Countries to nominate/run a preliminary competition to select a MBA team

19 Questions? Bob O Connor Executive Director QUT Graduate School of Business

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