NEW OPPORTUNITIES IN CARIBBEAN TERTIARY EDUCATION. Presented by Dr. Anthony O. Fisher Director, External Relations UWI-Cave Hill Campus, Barbados June 17, 2014

2 GOV.UK – Tertiary education opportunity in the Caribbean study A range of 150 tertiary level educational institutions funded primarily by government: –National Public Universities -- Guyana, U of Technology (Jamaica), Belize, Trinidad & Tobago, Haiti, DR –Private Universities —St Georges’; Ross; Northern Caribbean; American U of Antigua; U of the South Caribbean –Private and Public Colleges/Schools/Polytechnics –several in the various countries –External Colleges/Universities - online and distance programming 1 Regional University - U of West Indies EXISTING PROVIDERS

Exponential growth in demand (CDB) Universal free secondary level education expands the pool of applicants Govt. assistance to provide “free” tertiary level education Only 12% ratio of those qualified for TE can be accepted Replacement of the 80% of tertiary graduates who emigrate yearly. Opportunity in filling the gap LOCAL DEMAND FOR TERTIARY EDUCATION

4 GATT and the rise of TNE USA, UK, Australia, Canada prime destinations Revenue potential for country Increased competitiveness Internationalization a factor in university rankings INTERNATIONAL EDUCATION TRENDS “Demand for intl. higher education grew by 99% to 4.1 million students from , an average annual growth rate of 7.1% (KPMG)”

UWI – # 1 BRAND Started by Royal Charter in 1948 Two Nobel Prize winners among faculty and students 8 Prime Minister graduates Reduced government funding Dilemma – be regionally responsive and international competitive

IO’s create global learning opportunities Erasmus Mundus exchanges Study abroad – Denmark, DAAD Brazil, US New global full fee-paying niches INTERNATIONALIZATION OF UWI

7 Articulation (Middlesex) Research partnerships (Kings College, 4R) Double degrees (New Brunswick) Consortia Agreements (CGBU) Representative agents (Student Centre) 2+2 and permutations (Chattanooga State) STRATEGIC PARTNERSHIPS

Downturn in nbr of foreign students to UK Change in UK student visa rules re work Higher UK university fees UK encouragement of and growth in UK study abroad Opportunity for UWI and partners Pic from Shridath Ramphal Centre OPPORTUNITY DRIVERS

PROGRAMME UWI, CAVE HILL U.K. UNIVERSITY London School of Hygiene and Tropical Medicine Masters in Public Health£8,960£19, 450 MSc Logistics & Supply Chain Management Hull University £8,960£13,300 MSc Project Management Birmingham University £8,960£17,355 PRICE/VALUE OF THE UWI PROGRAMMES

“The overall structure and content of the programme is hugely impressive and undoubtedly of international standard…. The course is likely to make a substantial contribution to health in the region ” Master of Public Health UWI Cave Hill External review by Professor Liam Smeeth Professor of Clinical Epidemiology London School of Hygiene and Tropical Medicine May 20th to 23rd 2012 INTERNATIONAL STANDARDS

12 UK institutions recruitment platform in Africa for outbound to UWI UWI preparation platform for UK inbound Brazil, Venezuela, Colombia, Mexico Caribbean diaspora Guyana’s need for qualified HR Canada education visa rules create opportunity Online via OPEN campus POTENTIAL MARKETS

FASTEST GROWING SOURCE MARKETS

14 Increase in regional demand for English Venezuela - executives from PDVSA Brazil - continued growth of class “C” purchasing power Investment in study and work abroad to boost professional career THE ELT OPPORTUNITY

TERTIARY EDUCATION IN THE CARIBBEAN THE CARIBBEAN

16 Ocean Sciences the next frontier – energy, aquaculture, mining, tourism, logistics; nutraceuticals Science and technology skills deficit Offshore oil and gas engineers and technicians A UWI partnership creates a ‘first mover’ opportunity THE BLUE ECONOMY OPPORTUNITY

17 English teaching STEM academic hub between north and south Mauritius example A UK cost effective, academically certified and pre-packaged footprint for UK based universities/colleges Proximity to source/destination markets Brazil, Canada, Venezuela, Mexico, USA etc Beauty and political stability of the islands UWI and partners consortium OPPORTUNITY TO CREATE AN EDUCATION HUB

Representative agents, tertiary educational service providers, e-marketing and courseware developers, student loans providers, governments and venture capitalists all have opportunities. The underserved population “profits” from quality choices More demand than institutional supply in the Caribbean and contiguous region for qualified HR. Growing aspirations to middle class in South America and African continents create recruitment pool Canada’s immigration policy favors the export model Higher rates of Internet connectivity in region WHO CAN PROFIT AND WHY?

Mindset: Educational services as an export sector Mindset: Tertiary education as contributor to foreign direct investments Investment promotion agencies to put educational services on agenda, web-site, promotional materials, budget Funding recruitment efforts Marketing research for particular niches FACILITATORS

Anthony O. Fisher, Ph.D. Director, External Relations The University of the West Indies Cave Hill Campus P.O. Box 64, Bridgetown, BB11000 BARBADOS Tel: ; CONTACT DETAILS