HomeJournal of Business, Education and Lawvol. 18 no. 1 (2013)

Industry Analysis Of Private Tertiary Education In The Philippines: The Challenges and Opportunities Ahead

Teodoro Lloydon C. Bautista

Discipline: Education

 

Abstract:

Philippine education plays a crucial role in lifting millions of Filipinos from poverty and generating incomes through employment and other job opportunities. Much of the verdict of the Aquino government’s inclusive growth strategy will depend on the rationalization of tertiary education in light of changes in the workplace. The study was an attempt to give an incisive industry perspective on higher education, which includes facets of its market products and services, macroeconomic impact, supply-demand factors, industry structure, industry conduct, regulatory framework, and relative performance. Undoubtedly, higher education is currently facing major fissures and disruptions with the advent of K to 12 and Senior High School in school year 2016-2017. The absence of incoming 1st year college students can spell the closure and eventual bankruptcy of several private colleges and universities. Aside from this obvious challenge, higher education is also hard-pressed to reform its curriculum and teaching methods to meet industry demands and expectations for graduates who are seeped with 21st century skills. This paper aimed to guide future researchers who are keen to obtain an industry analysis of private tertiary education in broad, but candid strokes.