Australia's International Education Sector Faces Stagnation Without Urgent Reforms
Australia's international education sector faces headwinds, with economic challenges in major source markets and ageing populations potentially limiting future growth. Meanwhile, Australian universities have seen a decline in global employer reputation rankings, and high student visa fees may deter students.
Despite these challenges, there are opportunities for Australia's international education sector. Growing demand from Indonesia and Vietnam, coupled with education partnerships in Southeast Asia, presents a chance for growth. By 2030, Australia is projected to host around 770,000 international students.
However, Australian universities must adapt and rebuild their reputations to maintain their competitive edge. Over the past decade, they have fallen an average of 238 places in global employer reputation rankings. To attract and retain students, universities may need to address graduate skills misalignment with labour market needs and consider the impact of a soft cap on offshore applications and stricter English requirements. International student enrolments are forecast to rise by just 2% annually until 2030, indicating the urgency for reforms.
Australia's international education sector faces stagnation without urgent reforms. While opportunities exist in Southeast Asia, economic challenges and ageing populations in major source markets, along with declining university reputations and high student visa fees, pose significant hurdles. To remain competitive, Australian universities must adapt and address these issues promptly.
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