The Future of Australian Higher Education

Glyn Davis

“In September 2007, IBT Education Limited, Australia’s only stock market-listed provider of higher education, held its annual general meeting. Investors had every reason to be pleased. Profits were $54 million, a very healthy surplus on takings of $283 million. IBT Education had recorded a higher revenue than 13 public universities, and a better surplus than all but four of Australia’s of public universities. A newly emerging private sector is becoming an important part of the education story …”