Amleops
Perpetual Student
- Joined
- Aug 23, 2011
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- HSC
- 2012
I don't pretend to be an expert on what type of costs would be involved. Perhaps you can give me a better picture of what types of costs we would expect to see. But I would imagine if this were the case, then starting up a university would just be a project mainly restricted to wealthy entrepreneurs. Which wouldn't mean that their activities wouldn't still stimulate the economy, and provide services to the public (regardless of the quality of it).In the short to medium term, it is very unlikely that there will be new competitors in the university market. The start up costs to set one up and to attract students are way too high especially when you're competing with well established 'brands' which have been around for so many years. It may be possible in the long term but I still think this is unlikely, which links to my next point.
Yes, they'd be competing with more established brands. So they would have to adopt business strategies to suit. For lesser universities, the areas they would be most likely to exploit to give them some of the market share would be costs, lower entry requirements or types of degrees (in that they may create demand for a whole new area of study, or pick up areas of study that formerly belonged to TAFEs).
I guess that would depend on how you define top students. I'd imagine that you would have a lot of the lesser universities accepting leftovers to be able to fill their quota anyway.Regarding a future scenario where supply meets or outstrips demand, I think this is never going to happen. Firstly, universities by their very nature only accept 'top students' and have always been competitive to get into. This is in a way increases their value to employers. A situation where everyone can get into a university will heavily dilute the value of a degree and I don't think it is in the university's best interests to intake the lower end of the student cohort if they want to be valued by employers.
Yes, if new universities were to start up, they would most likely offer a lesser quality degree. But I really don't see those universities at the lower end placing too much emphasis on their students' employability. They'd be more likely to be in it for the business side; to take advantage of the money that people on the lower end of the student cohort are willing to pay just so they can get a degree. Obviously we'd still have issues with prestige, and a degree from USYD/UNSW etc would carry more weight than many of those new universities. But in terms of making money, entrepreneurs still have those opportunities to establish themselves at the lower end of the market. And who knows? In the hands of a competent businessman/entrepreneur, over time, a new university may be able to compete with the more established ones.
If the degrees were ever diluted to a stage where lesser university qualifications have no credibility whatsoever (so much so that students would rather not study it all than go to university), most likely they would be driven out of the market. So I think it would be in the lesser universities interests to at least retain some of this credibility if they can help it, in order for them to survive.
I do believe this system would work under our current political context though. A Government that would believe in the public sector not competing with the private sector would obviously apply this to other areas of the economy as well. Thus, the increased business activity in all areas of the economy, not just tertiary education, would mean that there would be more jobs available for university graduates in general. Perhaps somebody with a Bachelor of Commerce from a lesser university may have trouble getting a job at a Big 4 accounting firm. But there would be many other jobs in the small business accounting sector that he would be able to apply for, and they would probably be more generous in giving them a job considering that the very top students probably wouldn't be interested in working for them. And perhaps, given they perform well at their job, some of the better universities may look upon that favourably if they wanted to go back and study further. The system would work, and there would still be equal opportunity for all based on merit.