Billions of dollars to help higher education
1444_ 10/2/13 - Larry and Pat were invited to an up-scale event at the Innovation Pavilion by Christopher Pelley, CEO and Private Wealth Advisor of CIMCO Cares. After the eye-opening meeting, they had a chance to interview the keynote speaker, Karan Khemka, Partner, The Parthenon Group, which is a management consultancy - but a big part of their work is in the education sector. Education institutions, whether it's Harvard University or a private school, in the end they function like companies. Larry asked about the U.S. comparison to other countries. Karan tells us, in the U.S. 4% of college/university students are international students, compared to the U.K. which is at 17% and Australia at 28%. This begs the question, why would the U.S. say that this is the correct or acceptable penetration of international students when the U.K. and Australia have maintained very high quality higher education systems with far higher levels of international student penetration. If the U.S. were to double the international student population to 8% that would be an additional 700,000 students, and not all of these would be full fee paying, but let's say half-a-million were full fee paying, and they were coming in at $25-$30,000 a student - that is an incredible amount of revenue - billions of dollars to help balance the books of higher education. To put money into research, funding and scholarships. So there is an incredible opportunity to do good while serving international demand for one of the most desirable products the U.S. has. Your higher education is really the crown jewel amongst the products you can sell to the rest of the world. Listen for much more...
RELATED LINKS: the Parthenon Group || Karan || Innovation Pavilion || CIMCO Cares || Podcasting Directory || KEYWORDS: Karan Khemka, The Parthenon Group, Roisin Pelley, Transnational Education, Boston, London, Mumbai, San Francisco, Shanghai, Southeast Asia, Middle East, China, India, Australia, UK, Western Europe, Latin America, Christopher Pelley, CIMCO Cares, > bytes=6735310
LISTEN TO: Karan Khemka, Partner, The Parthenon Grp.
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