This presentation explores the future trends in Education, The skills that will be important in Future and some revolutionary and cutting edge developments in the Domain of Higher Education
3. M.P. & ASSOCIATES
1.Affordability of College Tuition
2.Shifting Campus Demographics
3.International Students Recruitment
4.Rise in Nontraditional Students
5.Change in Skills Needed to succeed at work
6.Online Education
7.Corporate-Institution Partnerships
8.Student Loans
9.Increase in Capital Campaigns
FUTURE HE TRENDS THAT STAND OUT`
4. Cost Of College Education
• Cost is a huge factor that matters to many students who want to pursue
higher education. Increased demand and lack of state of funding have caused
the cost of tuition and to increase at breakneck speed – by 100% since 2008.
• In the states of Alabama and Arizona, for instance, tuition at public
universities and colleges increased by more than 60%.
• Add to this the cost of accommodation, food, books, & additional fees while
enrolled in a college degree.
• In effect, the increasing higher education costs resulted in many students
either dropping out of college or not pursuing a degree at all.
• For the school year 2019–2020, tuition at private colleges peaked at $41,426.
Meanwhile, state residents at public colleges had to pay $11,260 for tuition
and fees and $27,120 for out-of-state residents
M.P. & ASSOCIATES
5. Change In Student Demographics
Over time student profiles have changed drastically. The
pipeline of traditional students aged 18 to 22 has now
become flat or decreased in higher education.
Gen Z students are outnumbering Millenials in campus
demographics.
The population of Gen Z students is more diverse,
comprising of several races and ethnic minorities.
With the change in student demographics also came a
shift in student preferences and behavior.
M.P. & ASSOCIATES
6. International Student Recruitment
M.P. & ASSOCIATES
Due to stricter Immigration policies as well as the COVID19
pandemic, it will be more challenging to recruit INTERNATIONAL
students.
Moreover, the financial fallout of the pandemic may result in
fewer students being in a position to afford overseas education.
Universities and colleges spend more effort in the recruitment
of international students.
International recruitment of students contributes to a more
diversified student body.
New curriculums will be designed to better prepare students for
the global economy.
Online education will emerge as a safer solution to educate
students
7. Non-Traditional Students – A Rising Segment
M.P. & ASSOCIATES
Nontraditional students are 25 and older and have returned to school to earn
a degree, an advanced degree, a professional certificate, or a GED. Many are
lifelong learners who know that keeping their brains engaged keeps them
young and vibrant longer.
• Almost 75% of the nearly 20 million students enrolled in higher
education are nontraditional students.
• About 59% of nontraditional students have full-time jobs.
• It is logical to expect an increase in non-traditional students
interested to upscale their skills
9. Cognitive Skills
M.P. & ASSOCIATES
The Ability to read and understand a text, think about it, or
analyze it.
The ability to explore and Draw Inferences from Patterns of
Events.
The ability to Analyze Problems and Evaluate Options.
The ability to Brainstorm Solutions i.e.to come up with a long
list of possible solutions without stopping to analyze.
Higher cognitive skills include advanced literacy and writing,
quantitative and statistical skills, critical thinking and complex
information processing.
10. Social & Emotional Skills
M.P. & ASSOCIATES
Empathy The ability to understand how others are feeling
Cooperation The ability to partner with others to reach a common goal
Verbal & Written communication The ability to express oneself using
clear language that others can understand. This extends to both Verbal
& Written Communication
Listening The ability to to listen carefully (to what your employer tells
you to do, to what your colleagues say in a meeting, and to what your
employees ask of you. You must listen to clients’ concerns, and express
to them that you have understood them).
Nonverbal Communication through your body language, eye contact,
and facial expressions, you can express that you are an empathetic
person who carefully listens to others.
14. Healthcare
M.P. & ASSOCIATES
Demand for healthcare is expected to grow significantly as populations age,
although cost pressures and potential shortages of care workers may constrain
growth.
Automation and AI will enable large gains in both efficiency and quality, enabling
patient co-management, real-time analytics, and improved treatment methods.
Care providers such as nurses will continue to see growing demand, while office
support staff will see decreases due to automation of tasks in record keeping and
administration.
Advanced IT skills, basic digital skills, entrepreneurship, and creativity will see the
largest double-digit growth in demand. However, demand for skills such as
inspecting and monitoring patient vitals and medical equipment will stagnate.
Healthcare is one of the few sectors that will see growing need for physical and
manual skills, reflecting gross motor skills and strength needed for eldercare and
physical therapy, and fine motor skills required of registered nurses inserting IVs,
and of surgeons and other doctors
16. The Retail Sector
M.P. & ASSOCIATES
Digital technologies will drive significant skill shifts in the retail sector. E-commerce
and online channels are now standard for all major retailers, and AI and smart
automation will transform the retail experience, as self-checkout machines replace
cashiers, robots restock shelves, and machine learning improves prediction of
customer demand.
Jobs requiring physical and manual skills will decline, such as drivers, packers, and
shelf stockers. Positions requiring mainly basic cognitive skills, such as cashiers, will
also decline.
Jobs that remain will be concentrated in customer service, management, and
technology deployment and maintenance. The sector will see strong growth in
workers with interpersonal skills, creativity, and adaptability.
Advanced IT skills and programming skills will also see a surge in demand, as new
technologies are deployed and maintained across the sector.
20. Corporate – Institution Collaboration
M.P. & ASSOCIATES
• Institutions are now working with corporations to ensure that employee skills
match their jobs. These enterprise training companies partner with
universities and leverage their vast networks to help companies bridge the
tech-talent gap in their workforce.
• The likes of Pluralsight and Revature encourage university partnerships and
collaboration with employers. They provide students and companies with the
right programs to match their skills and needs.
• Pluralsight, an online platform for software and IT developer training, utilizes
its industry-updated content. With its close ties with employers, the
corporation ensures success in the match.
• Revature, has a program where students can pay back their tuition within 2
years being employed. Thus, the needs of both students and employers are
addressed through a collaborative learning management process.
21. Increasing Burden of Student Loans
M.P. & ASSOCIATES
According to a report by Student Loan Hero, about 69% of the graduating class in
2018 used private and/or federal loans. Overall, students ended up with an
average of $29,800 in debt after graduation, while their parents were left with
about $35,600.
Student loan statistics in 2018 show that about 70% of college students
graduated with student loan debt.
22. Increase in Capital Campaigns
M.P. & ASSOCIATES
• Higher education institutions are taking major strides into raising capital funds.
• As state funding continues to decline, colleges and universities turn to private
donors for alternative sources.
• Today, capital campaigning in the higher education sector is more ambitious than
ever. For instance, the University of Michigan raised $5 billion in its fundraising
campaign, which was led by 1,600 fundraising volunteers and 550 development
staff members.
• On a similar note, the University of North Carolina at Chapel Hill is aiming to raise
$3 billion, while the University of North Carolina at Chapel Hill’s fundraising goal is
$4.25 billion. Meanwhile, the University of Washington has a $5 billion campaign
underway.
24. M.P. & ASSOCIATES
“According to research conducted by the Bangladesh Institute of Development Studies (BIDS) in April last year, most of the students from
both public and private universities are graduating with poor job related and other basic knowledge, disqualifying them from the country's
job market.” – Business Standard, 09-06-2020
25. Subjects Studied in Bangladesh Universities
M.P. & ASSOCIATES
“Less than 4% of students gained the knowledge and training related to their fields of work from their universities” –
BIDS Study
27. Opportunities
M.P. & ASSOCIATES
Online Provision of Education – Virtual / Campus Hybrid
Use of Education / Learning Platforms for Virtual Courses / Degrees
Overseas Faculty can Educate Vide Online
Collaboration with Overseas Universities
Offering of Professional Certification in Business and Computer Verticals e.g. Web
Development, Python, Data Science, Marketing, Business Analysis, Project
management.
Establishing Linkages with Industry and Employers to better understand their
needs and design courses accordingly.
Incorporate Higher Level Cognitive Skills and Social and Emotional Skill and
Technical skills development into the curriculum
Increased Demand in Healthcare Education
28. Challenges
M.P. & ASSOCIATES
Costs for setting up of Virtual Education – Infrastructure, Hardware,
Software
Setting up of E-Libraries for Books, Journals and Manuals, which can be
costly.
Internet Infrastructure challenges for both teachers and students
Formulating a new way of teaching that equips students with the
necessary skills – Training the trainers.
Development of experiential learning content.
31. M.P. & ASSOCIATES
David A. Kolb defines experiential learning as “the process whereby knowledge is
created through the transformation of experience. Knowledge results from the
combination of grasping and transforming experience.”
34. M.P. & ASSOCIATES
Gamification, broadly defined, is the process of defining the
elements which comprise games that make those games fun and
motivate players to continue playing, and using those same
elements in a non-game context to influence behavior. In other
words, gamification is the introduction of game elements in a non-
game situation.
37. • .
“The Mind is not a vessel that needs filling,
but wood that needs igniting”.- Plutarch, AD 46 – AD
120
“ Education is not the learning of Facts, but
the training of the Mind.” - Albert Einstein, 1879 - 1955
M.P. & ASSOCIATES
We Live in a World where change is the only Constant. While most sectors have seen paradigm shifts, Education has followed the “sage on a stage” model for hundreds of years. The present system produces students who are merely libraries of laws, theories and formulae. Yet, should not the purpose of Education be to develop curiosity, to train our minds, to analyse and solve problems? The current system of Education, therefore is not “fit-for-purpose for the modern day and age. Hence, our system is creating Hundreds of thousands of unemployable graduates. In the Apparels sector of Bangladesh, we see thousands of professionals from India, Srilanka, and China in mid to senior level positions, while we have millions of unemployable graduates. Why? Because the current system does not provide them with the tools, skills and mindset to be successful.
So, my friends, let us embark on a journey of discovery and find out :
Developments in Global Education
Skill set changes for the future
The nature of future the business enterprise
Some cutting edge developments in Education.
And so, let the adventure begin!
This video by Goldman Sachs research, shows how Learning is and will continue to change in the future
Life Long Learning
Disparity between Skills imparted and Skills required.
Use of tech to make learning more affordable, accessible and more immersive.
Here are some of the trends that are emerging in the present higher education scenario.
College fees have been increasing dramatically over the last few years, esp. in the light of the lack of Government Funding.
With the advent of COVID and stricter Immigration laws it will be harder to get International Students. This can be circumvented by following an online / physical classroom hybrid model or by having courses that are purely online.
In a world where Lifelong learning is becoming the norm, the number of Non-traditional students is increasing noticeably. This is a segment Universities need to be targeting.
The Organizational Structure is changing. The New Enterprise is not static, nor do departments function in silos. Independent teams for each project group provide end-to-end solutions. Top management mainly provides direction and monitors progress, intervening only when KPIs are not being met or problems are visible within a team.
Note the increase of hours spent on Technological Skills based work, Social and Emotional skills based work and Higher cognitive skills based work.
In Conclusion, I would like to say that as the quotes state above, Education is not about Storing facts but instead to make people Entrepreneurial, Curious and Analytical as well as being able to process data and come to conclusion, to be able to dissect and then solve problem. Ladies and Gentlemen, the future of Education is and it is filled with possibilities. I wish you well on your quest for more effective ways of Learning. Thank you!