TEQSA report highlights strong overseas student revenue growth
The Tertiary Education Quality and Standards Agency (TEQSA) has released its latest statistics report, showing a large, diverse and stable sector, where revenue growth is being driven by international students.
The Statistics Report on Registered Higher Education Providers 2018 examines selected higher education data held by TEQSA for its quality assurance activities, and allows for trend reporting where comparable data is available.
This year’s report includes a special focus section analysing overseas student data. The report shows a steady growth in the number of overseas higher education students in Australia, with a 34 per cent increase between 2013 and 2016.
TEQSA CEO Anthony McClaran said that the increase in overseas student numbers, which is set to make Australia the second most popular destination for students to study abroad behind the US, is a sign of the sector’s reputation for high quality education.
“Revenue earned from overseas higher education students reached approximately $7 billion in 2017, accounting for 19 per cent of total sector revenue”, said Mr McClaran.
“All provider types have experienced significant increases in overseas student revenue, with universities showing a 17 per cent increase from the previous year”.
While overseas student revenue is becoming increasingly important for universities’ growth, their revenue streams continue to be diverse, with government grants and programs accounting for 40 per cent of revenue – a one per cent drop in revenue share from the previous year.
The statistics report also shows that around 50 per cent of overseas students studying Australian higher education come from the Chinese and Indian source market, and similarly, around 50 per cent of overseas students are studying courses in the Management and Commerce broad field of education.
Universities continue to have the highest proportion of all students, with over 90 per cent of the 1.48 million students studying at the 43 universities operating in Australia. However, the report’s trend reporting identifies a steady increase in student enrolments at other provider types over the past four years.
TEQSA’s Statistics Report on Registered Higher Education Providers 2018 relates to 2016 data, as this is the most recent year for which comprehensive, comparable data is available, while financial data in the report relates to the most recently available financial reporting year as at the time of the 2017 collection.
Statistics of note
- There were 176 registered higher education providers with 1,482,684 students enrolled for all or part of 2016.
- 259,795 students were studying in the Management and Commerce broad field of education.
- Over 50 per cent of higher education providers are dual sector (registered to deliver both higher and vocational education).
- Almost 80 per cent of higher education providers are also registered on the Commonwealth Register of Institutions and Courses for Overseas Students (CRICOS)
- TEQSA accredited 136 courses in 2016, of which:
- almost 50 per cent were at the AQF 5 and AQF 8 levels.
- Almost 50 per cent were in the Management and Commerce and Society and Culture broad fields of education.
- 40 per cent of all higher education providers are registered in New South Wales.
- The total number of academic staff increased by two per cent in 2016.
- Just over 90 per cent of students were enrolled with universities, despite other provider types accounting for 76 per cent of higher education providers.
Raphael May, Assistant Director, Communications: raphael.may [at] teqsa.gov.au, 0437 143 012 or (03) 8306 2536.