A new report from the Mitchell Institute finds that Australian university profits took a nosedive in 2020, dropping $1.6 billion to just $669 million. Nearly half of Australian unis reported a loss and most struggled to break even. Only three ...
More »La Trobe University reveals 2021 financial forecast
La Trobe University came out of 2020 with better than expected finances but it now anticipates a revenue downturn of about $170 million compared with pre-COVID forecasts. In an update on the university’s finances sent to staff this week, vice-chancellor ...
More »A ‘brutal reality’: Universities Australia reports over 17,000 job losses in 2020 with more to come
New figures released by Universities Australia show 17,300 jobs were lost in the university market in 2020 along with an estimated $1.8 billion in revenue compared to 2019. UA CEO Catriona Jackson said the operating revenue of Australian universities dropped ...
More »University numbers: What do we count on open day? Opinion
Professor Martin Betts at a university open day. Photo: Supplied. The world has been waking up to a new set of numbers most days since March. In Australia, the numbers look quite different state to state. The feeling that “we ...
More »