Education
The most relevant information about the education industry in some of the countries where we currently work.
CANADA
- Canada has a growing reputation as an international education destination.
- In 2016, the country ranked as the seventh most popular study destination for international students in the world, according to the Institute of International Education’s (IIE).
- The number of international students studying in Canada grew by 92 percent between 2008 and 2015, from 184,155 to 353,000 students, according to the Canadian Bureau for International Education (CBIE).
- Canadian tuition fees are the lowest among the big four English-speaking destination countries (U.S., U.K., Australia, Canada), making it a top draw for students from around the world, including the United States.
- A Canadian degree is widely recognized as equal to one from the United States, Australia, or the United Kingdom, and Canadian universities consistently do well in international rankings.
- The average annual tuition for an international student’s Canadian undergraduate degree was $16,746 USD in 2014. Compare that to the U.S. ($24,914 USD), Australia ($24,081 USD) or the United Kingdom ($21,365 USD).
- Immigration is dramatically reshaping Canadian cities, particularly in immigration hubs like Toronto, Montréal, and Vancouver, which also attract far and away the greatest numbers of international students in Canada.
- A survey by the Canadian Bureau for International Education (CBIE) found that educational quality, Canada’s multicultural society, and perceptions of safety topped students’ list of reasons for enrolling in Canadian institutions.
- Compared to their counterparts from other countries, Canadian students are relatively reluctant to study abroad. According to the Institute of International Education (IIE), 26,973 Canadians were enrolled at U.S. institutions in 2015-2016, making Canada the fifth largest contributor of international students in that country.
- Canadian providers operate 186 mostly English-language elementary and secondary schools abroad, according to a 2014 report by CBIE , including at least 134 officially recognized Canadian curriculum schools, some of which offer pathway programs in collaboration with Canadian universities.
- In 2016, Canada led the world in percentage of the adult population that had a tertiary education (a bachelor’s degree or higher) with around 61% of those aged 25 to 34 years.
- Instruction and educational services expenditures in Canada in 2019 were 42.77 billion CAD.
- The average annual tuition for an undergraduate program in Canada for residents was 6,838 CAD for the 2018-2019 school year.
- The education system in Canada, like many countries, consists of primary schooling, secondary schooling, and postsecondary schooling.
- There are 96 Canadian public and private not-for-profit universities and university-degree level colleges in Canada, plus about 80 community colleges.
- The Organisation for Economic Co-operation and Development (OECD), are a major study of educational performance and show Canada's teenagers as among the best educated in the world.
- International students in Canada are eligible to work up to 20 hours per week during school terms and full-time (30 hours/week) during scheduled breaks like summer vacation.
- Canada is one of the largest economies in the world, so there are a lot of working opportunities for graduates.
- Canadian employers tend to prefer Canadian work experience over work experience from elsewhere in the world, so the student and work experience for immigrants that choose to stay in Canada could increase their chances of receiving a job offer.
Source:
MEXICO
- Approximately 96 out of 100 Mexicans between the ages of three and fourteen attend school at all three levels of basic education
- 72% of Mexicans between 15 and 17 years of age study one of the four levels of upper secondary education
- 28% of young people between 18 and 23 years of age are enrolled in one of the four levels of higher education
- The Mexican educational system is one of the largest in the world, which naturally implies the existence of a series of challenges and therefore the need to implement strategies that allow leveling the conditions of the components of the system.
- In quantitative terms, the most recent publication of the National Institute for the Evaluation of Education (INEE) yields the following data for the start of the 2016 - 2017 school year:
- Total students attending compulsory education: 30 909 211, Total teachers: 1 515 526, Total schools / campuses: 243 480
- In Mexico the cost for the formation of a student between the ages of six and 15 increased 31.5 percent between 2007 and 2015, reaching $ 27.8 thousand.
- Mexico has one of the highest attendance rates in the Latin American region (91 percent in basic education and 23 percent at the professional level) in 2015, according to the OEI study
- In Mexico increase of 85 to 87 percent was observed in the number of professionals for children in early childhood, in the period from 2010 to 2015, according to the OEI.
- Mexico remains in the first places in terms of the number of graduates enrolled, according to the OEI study.
- At the end of 2015, 100 percent of those enrolled obtained their primary certificate, while at the secondary level it reached 96 percent.
- As of January 2015, the International Schools Consultancy (ISC) listed Mexico as having 151 international schools.
- México hay 43 mil 801 escuelas privadas de nivel básico, es decir, preescolar, primaria y secundaria.
- In 2013, these were the countries most requested by Mexicans to complete a master's degree: USA 36%, England 18%, Canada 9%, Spain 8%, France 4%, Austria 3%.
- The favorite destinations of Mexicans to study from high school to postgraduate and language programs abroad, are: Canada 42.2%, USA 41.6%
- 86.6% of Mexicans prefer to study in schools where English is required, while 45.1% opt for institutions where French is required.
- In 2015, language courses were 44.7% of the preferences of Mexicans, while the masters had 43.2% and the MBA in business only 8.4%.
- Best private schools in Mexico are: ITESM, IBERO, ITAM, Guadalajara University, De las Americas University.
- Best public schools in Mexico are: UNAM, IPN, UAM, UANL, UAEMex.
Source:
https://www.elfinanciero.com.mx/economia/la-educacion-en-mexico-en-seis-graficas
https://blog.prepaup.edu.mx/educacion-en-mexico-datos-inegi
http://gpseducation.oecd.org/CountryProfile?primaryCountry=MEX&treshold=10&topic=EO
https://www.forbes.com.mx/por-que-es-dificil-para-las-mamas-regresar-al-trabajo/
USA
- USA education market was valued at around USD $1,350 billion in 2017 and it is expected to reach approximately USD $2,040 billion by 2026.
- USA education market is expected to exhibit a CAGR of more than 4.5% between 2018 and 2026.
- United States spent more than USD$ 11,000 per primary student in 2010 and more than USD$ 12,000 per secondary student.
- In 2010, United States spent 7.3% of its gross domestic product on education, which has continued to increase in recent years. Therefore, the increase in the nation's spending on the education system has positively affected the market.
- The video-based educational content in the U.S. education industry is estimated to account for the highest CAGR of 5.1% from 2018 to 2026. It is anticipated that video-based content will be increasingly adopted as it facilitates faster thinking, improves problem-solving skills, and reduces training cost and time.
- By smart learning mode, it is anticipated that virtual instructor-led training will witness the highest CAGR of 5% during the forecast period in the U.S. education market.
- Currently almost 9% of US GDP is spent on education, it’s the second largest market, behind healthcare, in the United States.
- There are about 100,000 public schools, 30,000 private schools, and roughly 4,000 charter or other schools in the K-12 space in the U.S.
- The major factor driving the growth of U.S. education market is the rising demand for online education in the country. According to Online Learning Consortium, in 2008, at least one online course was opted by 4.6 million students, with around 17% increase over the number reported in the year 2007
- Educational exports are almost as large as total exports of soy, coal and natural gas. there is a massive surplus in education: around 34,000 million dollars in 2017.
Source:
https://www.zionmarketresearch.com/report/us-education-market