Attrition causes a brain drain, missed opportunities and a real equity issue.
With knock-on effects for diversity, equity and inclusion in the professional workforce.
The annual surplus for the university sector was $669 million in 2020, the lowest since at least 2009. In terms of surplus or deficit as a proportion of total revenue, this represents a margin of 1.9%.
And there were substantial differences across universities’ operating results in 2020. Considerable surpluses over $100m were recorded by Monash University, the University of Melbourne and the University of Sydney, accounting for most of the entire sector surplus, while 15 universities reported a deficit.
82,273 or 34%
are first in family
Positive rating for the entire student experience sits at 73%.
Positive ratings for learner engagement are below 50%.