“Buy Now While Stocks Last”
- Higher Education in the Age
of Austerity
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Higher Education in the Age of Austerity - Banking - Lecture Slides, Slides of Banking and Finance
Banking is an ever green field of study. In these slides of Banking, the Lecturer has discussed following important points : Higher Education In The Age of Austerity, Education Spending, Sharp Spending, Graduate Premium, Career Goals, Work Life Balance, Intellectually Challenged, International Career, Booming, Education Graduation
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2012/2013
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“Buy Now While Stocks Last”- Higher Education in the Age
of Austerity
Spending on education hasrecovered to its earlier peak
Source: Institute for Fiscal Studies. 2010 Election Briefing Note: Education Policy. April 2010.
UK education spending as % share of national income, 1955-56 – 2010-
…and on higher education
Public spending on higher education as % of GDP, 2006
Sweden
UnitedStates
France
United Kingdom
Germany
Italy
Japan
Note: Includes higher education subsidies to households.
Private HE spending is higher herethan elsewhere in Europe
… and sharp spending cuts are inthe pipeline
The HE entry rate here is relativelylow…
Entry rates into higher education as a share of young people, 2007 S.
Government spending per studenthas been flat
Most universities run very smallsurpluses, even in fat years
But unemployment jumped in2007/
UK students
LSE students
The graduate premium
-An individual with an undergraduate degree will earn 20% - 25% morethan his or her equivalent holding two or more A-levels.-Gross additional lifetime earnings of a graduate, over and abovesomeone with two or more A-levels, is approximately £160,000.
[1]
-The returns to degrees have remained relatively stable since the late1980s.
[2]
-Students graduating from an institution in the top quartile can expecttheir wages to be between 10 – 16% higher than in the lowest quartile.
[3]
-Masters graduates earn 15% more than first degree students, and PhDgraduates - 23% more.