Sunday Posts

I switched my career to what I thought was Higher Ed (in reality, private training) about thirteen years ago and never stopped being fascinated about it. My fascination, however, is always about how little Higher Education sector knows about itself and wants to learn. A lot has changed in the last thirteen years though. About when I was getting started, a number of studies started coming out. This was also the time when private investor attention turned to Higher Ed and many 'ventures' were launched. Impacted by the global recession, public universities became more entrepreneurial. India started its rapid - and unplanned - expansion of the sector. New frontiers, Africa mainly, were opened and private Higher Ed moved in. Just predating it was the rapid expansion of International Education, which was driven by the growth of private sector. Soon, private Higher Ed, with its teaching focused, no-frills education, was out in the open.  Yet, when I defended my thesis on the sector se...

Robots are coming for private higher ed. It is usual to toast the rapid automation of work at investor conferences, in the hope that this would break the State monopolies on higher ed and usher in a new era of education innovation. What's left unspoken is that the public higher ed will eventually die, underfunded and unloved, under the sheer weight of its bureaucracy.  However, the collateral damage in this brave new world may not be public universities, the better of which are far better equipped to handle the coming of the Robots, but the private higher education that has grown rapidly worldwide over the last twenty years. Indeed, the same investors have billions of dollars at stake in private higher ed and wouldn't be pleased if the first casualty of the very disruption they celebrate costs them a bomb.  But this seems likely for two reasons. First, the impact of automation will be most felt in the jobs that involve narrow specialisations and process-based jobs, exactly the...

Universities are at an inflection point; so too is private higher education. The education entrepreneurs and private equity backing education ventures may present private higher education as the solution to higher education's current woes. In reality, however, most private higher education institutions are innovation-challenged and fail regularly. While some, like University of Phoenix or Hult Business Schools, have managed to be financially successful for short periods of time, such success is both rare and has been short-lived. Private higher ed model needs as much rethinking as that of the universities. In most countries, private higher education plays a demand-absorption role. When demographic or economic changes result in significant expansion of student numbers and public education, because of their nature as bureaucratic institutions dependent on advance planning without unfettered access to risk capital, private higher ed steps in to absorb the excess demand. However, what ...