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Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

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Page 1: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Evolution of Higher Education Opportunities for the Global Executive

By

Nick HuttonChief Executive Officer

U21Global

Page 2: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Asia’s Growth Forecast – 2008/2009

• Asia Pacific excludes Japan, Australia & New Zealand• Source: World Bank

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

Asia Pacific East Asia China Japan

2008

2009

Page 3: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Malaysia Economic Forecast – 2006/7/8

5.60%

5.70%

5.80%

5.90%

6.00%

6.10%

6.20%

6.30%

6.40%

6.50%

2006 2007 2008

Source: Dow Jones

Page 4: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

The Emerging Needs of Asian Economies/Companies

Increasingly, companies are seeking managers who have:

international perspectivescultural awarenesshigher management trainingsoft skillsthe ability to work in cross-cultural settings and in groups

Page 5: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

MBA Salaries by Region (US$)

Page 6: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

MBA Salaries in Asia: Excluding India & China (US$)

Page 7: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

The Asia’s Skills Crisis

Financial Time (2008)

“ Multinational Corporations may be compelled to pay western-level salaries in the next five

years ”

The Economist (2008)

“ Indian army faces a shortage of 11,000 officers

(almost a quarter of its requirements) ”

Page 8: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

What are the Causes of the Asia’s Skills Crisis

Demandincreased demand for new goods and services due to increase wealthincrease in demand for skilled labour to provide those goods and services

Supplytraditional educational system not ready for this emerging neededucation system produces less than the required skilled manager thereby deepening the skills crisis

Page 9: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Consequences of the Skills Crisis

Long term effects

Reduce productivity Reduce efficiency

Stagnation of business growth and investment plans

Short term effects

High staff turnover Wage inflation

Page 10: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Top Business Concerns in China, Southeast Asia and India

Shortage of qualified staff & wage inflations are one of the main concerns across the region.

China

Southeast Asia

India

Page 11: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Staff shortages as a constraint for China, Southeast Asia and India.

India

Southeast Asia

China

Huge concerns on shortage of staff in Senior / Middle Managers & Specialist roles across the region .

Page 12: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Online Higher Education May Be The Solution

The U21Global Experience

We believe that everyone has the ability to lead and we can train aspiring leaders to enhance their ability to:

strategise and formulate plans for continuous growthunderstand and solve complex problems effectively and efficientlyunderstand the challenges of the global economy and how to take advantage of themharness and manage individual and group talent

Page 13: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Universitas 21Network of 21 Outstanding Global Universities

Americas:- McGill University- University of British Columbia- University of Virginia- Tecnologico de Monterrey

Europe:- Lund University- University of Birmingham- University of Edinburgh- University of Glasgow- University of Nottingham- University College, Dublin

Asia:- Fudan University- Korea University- National University of Singapore- Shanghai Jiao Tong University- University of Hong Kong- University of Delhi- Waseda University

Australasia:- University of Auckland- University of Melbourne- University of New South Wales- University of Queensland

Page 14: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

The Benefits of Online Education

Learning at your own time, place and pace

Ability to study wherever your business takes you

Remain employed while pursuing your higher education

Apply skills learnt online to your work immediately

Environmentally aware mode of study

Page 15: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

How Do We Achieve Deep Learning?

International LearningCommunities

CollaborationTools Expertly-Developed

Online Courseware

Rich OnlineLearning

Resources

Page 16: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Applying What You Have Learnt

Authentic Problem-Driven

Learning

Authentic Problem-Driven

Learning

Real-world Assessment &

Knowledge Creation

Real-world Assessment &

Knowledge Creation

Close Mentorship by InternationalProfessors

Close Mentorship by InternationalProfessors

Page 17: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Global Recognition

IT & Telecommunications

Finance Services

Energy F&B, Hospitality

Conglomerates Professional Associations

Page 18: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Future of Online Education

The main drivers for the future of online education:

Emerging/evolving internet technologiesEmerging/evolving communication technologiesAdvancements in courseware designTeaching methodologyEconomic growth

Page 19: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global

Thank you!

To find out more about U21Global, please visit us at:

www.u21global.edu.sg