It is not a secret that higher education has become a major economic player in markets around the world. Higher education institutions are driving domestic and international growth in many countries, and nations are actively competing for the growing numbers of mobile students who want to study abroad. Current estimates for student mobility suggest that more than five million students studied outside of their home country between 2014 and 2015, with more students looking abroad for higher education, vocational training, and post-graduate studies. So, where are these students headed and how should countries and institutions prepare for continued growth in student mobility? Australia offers a lesson in capitalizing on global higher education.
It is no secret that students around the world have become more mobile and that higher education is becoming more global. International students now make up a significant portion of the student body at universities and schools around the world. The growth in international education as an economic sector has countries around the world developing strategies to attract foreign students, but why are students becoming more mobile? And what does increased student mobility mean for higher education stakeholders? Let’s take a closer look.