The Economic Impact of the University of Exeter's International Students

Total Page:16

File Type:pdf, Size:1020Kb

The Economic Impact of the University of Exeter's International Students The Economic Impact of the University of Exeter’s International Students APRIL 2012 Contents Foreword 1 Foreword Executive summary 2 The University of Exeter is proud to be home to over 5,000 outstanding students The economic impact of Exeter’s international students 6 from outside the United Kingdom. Drawn from 140 different countries, and located Fees 7 across our campuses in Devon and Cornwall, our international students have a Subsistence 12 hugely positive impact on the life of the University and our local communities. Additional visitor impact 16 It is particularly gratifying to see the large numbers of local residents who join us in celebration of the many cultural events that occur on our campuses, such as Total contribution to Exeter and South West GDP 19 Diwali and Chinese New Year. In turn, as part of this intercultural exchange, our Impact on employment 20 students learn to explore and experience our own local traditions, valuing the Catalytic effects of international students on Exeter’s GDP 22 safe and welcoming environment that residents in Exeter and Penryn readily offer. Friendships forged in the South West of England today will benefit us all long into Comparing 2012 to 2010 23 the future. At a time of considerable international economic The figures are impressive enough on their own, uncertainty, we should also acknowledge the but of significance is the fact that since we last positive impact our international students have on conducted a similar analysis, in April 2010, the local jobs and local investment. This report, by contribution to Exeter’s GDP from the presence of Oxford Economics, calculates that impact on both international students has increased by 54%, while the Exeter and South West economies. supported employment has increased by 36%. By evaluating the amount of tuition fees paid to the As a leading British and international university, Ten reasons to choose University, along with spending on living expenses Exeter is committed to attracting the brightest and by friends and relatives visiting from abroad, and best students from around the world. For Oxford Economics demonstrate how the presence our local and regional economies, it is essential the University of Exeter of international students at the University of Exeter that the United Kingdom continues to welcome economically benefits the local community. Their international students to its shores. This report independent conclusions are extraordinary. shows that attracting such talent is having a positive and profound impact on us all. International students at the University contribute over £88 million a year to Exeter’s GDP and support 2,880 jobs, which is equivalent to 2.8% of all employment in the city. Looking at the wider region, these students contribute over £104 million Professor Neil Armstrong each year to the South West economy, supporting Senior Deputy Vice-Chancellor (Internationalisation) 3,280 jobs. April 2012 The Economic Impact of the University of Exeter’s International Students 1 Executive summary Impact on Exeter Impact on the South West International students studying at the University of The overall contribution to the South West Exeter will contribute an estimated £88.3 million of England’s GDP from Exeter’s international to Exeter’s GDP in 2011/12 (at current prices), students is an estimated £104.4 million, supporting nearly 2,880 jobs, which is equivalent supporting 3,280 jobs across the region. to 2.8% of all employment in the city. 2 www.exeter.ac.uk/international The Economic Impact of the University of Exeter’s International Students 3 Foreword Executive summary (cont.) …with subsistence spending contributing a For example, contact that is initially made by further £39.2 million to GDP in Exeter… individuals studying in Exeter may eventually lead to There are 5,477 international students (defined as other economic links; in later life these students will The University of Exeter’s international students will pay around non-UK domiciled students attending UK-based often move into important roles in their home or £55 million in tuition fees… courses) at the University of Exeter in 2011/12, other countries and the links they have forged with representing an increase of 35% in numbers the UK during their education will tend to build a We estimate that the University of Exeter will derive around £54.9 compared to 2009/10. We estimate that the predilection for UK culture, goods and services. total subsistence expenditure of these students million of revenues from tuition fees from all international students The contribution to Exeter’s GDP from the will amount to approximately £63.3 million. Once presence of international students increased allowing for purchases and multiplier effects we find in the 2011/12 academic year. This will contribute an estimated by 54% between 2009/10 and 2011/12, while that the impact upon the city’s GDP will be around supported employment increased by 36% £46.4 million to the city’s economy in total, through direct and £39.2 million. The fees earned from international students at the multiplier effects. …and visits by friends and relatives contributing a University of Exeter increased by 82% between further £2.7 million to Exeter’s GDP in 2011/12 2009/10 and 2011/12, which translates into an Our estimates for the total amount of spending by increase in the contribution to the GDP of the international visitors to Exeter, whose primary reason economy of Exeter of 54%. for entry is to visit a student at the University, will be The total number of jobs supported in Exeter by £4.7 million in 2011/12. Adjusting for purchases and international students has increased from 2,120 multiplier effects we find that the impact on GDP will to approximately 2,880, equivalent to a growth of be around £2.7 million. 36%. In total, international students studying at the University of Exeter will contribute £88.3 million International students enrolled at the University of to the city’s GDP in 2011/12 (at current prices), Exeter now support 2.1% of the city’s GDP and supporting nearly 2,880 jobs, which is equivalent to 2.8% of its employment 2.8% of all employment in the city… The role that international students play in supporting the economy of Exeter has grown substantially since …but the catalytic effects mean the overall 2009/10, with the contribution to GDP increasing contribution of Exeter’s international students to from 1.6% to 2.1%, supporting 2.8% of Exeter’s the economy is far wider than these direct and jobs compared with 2.3% in 2009/10. multiplier effects These wider benefits are more intangible and so less easy to quantify, but nevertheless ultimately have a very real impact upon the economies of both the city and the UK. These economic benefits result from the social and cultural links created as a consequence of international students studying in the city. 4 www.exeter.ac.uk/international The Economic Impact of the University of Exeter’s International Students 5 The economic impact of international students at the University of Exeter The economic impact of international Fees Data provided from the University of Exeter’s Table 2.1 overleaf presents the estimated fee students at the University of Exeter internal financial planning systems provided a revenue generated from international students at breakdown of projected income from tuition fees the University of Exeter in 2011/12, disaggregated for the academic year 2011/12 by degree type by degree level, and student origin. The table, This section of the report examines the total economic contribution of (Undergraduate or Postgraduate), study mode (Full- together with Chart 2.1, shows that for each level international students who undertake courses at the University of Exeter time or Part-time), and fee status (Home / EU or of study, the primary source of international student International). fee income is from Non-EU students – a result that in the 2011/12 academic year. This contribution is segmented into three is not surprising given the differential of the fees The data however does not distinguish between UK- components of spending: levied on Non-EU and EU students (for example a and non-UK domiciled students qualifying for Home full-time EU undergraduate pays £3,375 per year, / EU fee status. To overcome this gap, combining • Tuition fees paid; while a Non-EU student doing the same course will data on the headcount and “Fee Bands” by school, pay either £11,900 or £14,500 depending upon the • Subsistence purchases by international students; and domicile, and campus provides a basis for estimating area of study). All-told international students at the fee income from non-UK domiciled EU students. University of Exeter will spend an estimated • Visits by friends and relatives from abroad to students while they As a cross-check these estimates were compared £54.9 million on fees for the 2011/12 academic year. with the University’s own forecasts, which suggest are studying at the University. that 6% of the population of Home / EU fee paying students were from a non-UK origin. Figure 1: The economic impact international students on the city of Exeter economy Contribution to GDP (£ million) + 2.7 Catalytic 39.2 Visits 46.4 Subsistence Coursefees 1,620 1,140 120 + Employment (Number of jobs) 6 www.exeter.ac.uk/international The Economic Impact of the University of Exeter’s International Students 7 The economic impact of international students at the University of Exeter Table 2.1: Breakdown of estimated tuition fee revenue from international students 2011/12 (£ million) Fee Income (£m) Non-UK, EU Undergraduate 2.2 Non-EU, Undergraduate 20.4 Non-UK, EU Postgraduate 0.7 Non-EU, Postgraduate 20.1 INTO students 11.5 Total Fee Income 54.9 Source: Oxford Economics/University of Exeter Chart 2.1: Share of tuition fee revenue from international students 2011/12 by origin/level 100% Undergraduates 80% Postgraduates 60% 40% 20% 0% Non-UK, EU Non-EU Source: Oxford Economics/University of Exeter From this fee income, we have estimated the which spreads out to other sectors, for example direct1 contribution to local (city) and regional electric power or cleaning services, and therefore, GDP.
Recommended publications
  • University of Exeter Ib Requirements
    University Of Exeter Ib Requirements Is Gerard socialistic when Wes fixating nationally? Virgilio is antimicrobial: she beautifies contemptuously and befogging her Baalism. If out-of-place or subjunctive Hamid usually enchants his lockers tricing amusingly or taper censurably and injunctively, how treen is Phillipe? Epq is assessed at least two institutions very high density of friends to harvard school requirements exeter is available, you the welsh baccalaureate Is Exeter University posh? Exeter Free 200 IBConsultingGeneral Interview Questions from JP Morgan. Here is inside list of universities who attain not rely heavily on the ukcat score University of. In both exeter college you in comparison for membership with the medicine at grade c is a good your qualification equivalencies we do pets make you discuss our requirements of university exeter! A quality-assured university programme validated by the University of Exeter. A matrix which details the IB entry requirements to pay top 50 UK universities. What niche the largest town in Devon? University acceptance IB Maths Resources from British. Advice on entry requirements application progress and pre-application. Undergraduate Law Degree Entry Requirements ULaw. Your IA maths exploration this linked site gives the full kitchen of assessment criteria you will. In addition follow these materials we how an interview. Activities between the University of British Columbia and Exeter include the joint. University of canterbury mba mpcursosonline. Entry Requirements For the pre-Masters courses typical entry requirements. Cambridge architecture interview questions ubiRecruit. Cranking the old plymouth France & Irel At Plymouth. 2 Phillips Andover Academy 2 Pitzer College 2 Purdue University Dec 12 2016.
    [Show full text]
  • Draft ‐ Draft‐ Draft‐ Draft ‐ Draft ‐ Draft !
    !DRAFT ‐ DRAFT‐ DRAFT‐ DRAFT ‐ DRAFT ‐ DRAFT ! RVR1 – Devon and Cornwall, 31 January – 3 February 2010 CDG – Mike Osborne, Jean‐Marie Filloque, Chris Shepherd, Angelica Kaus LP – Caroline Chipperfield with Rebekah Southern Individuals Consulted: see appendix 1 Programme of meetings: see appendix 2 Executive Summary Regional Characteristics The characteristics of the region for the purposes of the PURE project have been highlighted in the regions RP. The project area is the Peninsula of Devon and Cornwall, two neighbouring counties in the South West of England with a combined population of 1,664,500, 1,135,000 in Devon and 529,500 in Cornwall. Both counties have a rural element, a strong maritime heritage, are tourist regions and important retirement locations. The Peninsula area embraces numerous heritage sites, national parks and some of the nation’s finest tourist sites, notably the internationally renowned Eden Project. Devon and Cornwall share significant common features and have similar challenges and ambitions. In terms of administration, Cornwall has a single unitary authority whilst Devon consists of a County Council with 8 local government districts and 2 separately administered Unitary Authorities. Both Devon and Cornwall are actively engaged with the South West Regional Development Authority (SWRDA) and the Government Office of the South West (GOSW). Whilst the area’s attractiveness as a rural location is a positive feature, its distance and remoteness from the rest of England creates logistical problems for businesses wishing
    [Show full text]
  • The Conference Programme
    1 Contents Letter from Organisers and Acknowledgements ................................................................................... 3 Welcome Message for the Inaugural University of Bristol School of Education Online Doctoral Conference ............................................................................................................................................. 4 Keynote Speakers ................................................................................................................................... 5 Professor Robin Shields ...................................................................................................................... 5 Dr Liz Jackson ..................................................................................................................................... 6 Workshop series ‘Making and Mapping with Mr Benn’ ........................................................................ 7 The Conference Programme ................................................................................................................ 10 Day 1 Schedule: Friday, 5th June ....................................................................................................... 10 Day 2 Schedule: Saturday, 6th June .................................................................................................. 13 Friday Abstracts ................................................................................................................................... 16 Morning sessions .............................................................................................................................
    [Show full text]
  • INTO Takes You Higher Success at a World-Class University Starts Here
    INTO takes you higher Success at a world-class university starts here www.intohigher.com 2 INTO Life changing INTO specialises in deeply embedded, long-term partnerships that transform the capacity, reach and competitive positioning of universities. Major private investment supports innovation targeted to deliver a distinctive, first-class student experience within a university-led partnership enhancing brand quality and academic reputation. INTO 3 90% student progression to a university of their choice in the UK and US INTO brings ambitious students and leading universities together. We provide 87% student satisfaction an exceptional education experience to across all our study centres help you succeed in a fast-moving, 1:9 teacher to student ratio and small globally competitive world. classes deliver a first-class study experience www.intohigher.com Study in the UK page 18 Study in the USA page 40 Study in China page 48 4 INTO Your choice of leading universities INTO 5 Over 80 UK universities accepted our Every ambitious student wants to INTO STUDent PROGRESSION students onto their degree programmes in live and study at a leading university. Destination UNIVERSITY RANKING* 2009/2010 At INTO we turn that ambition into Aston University 29 reality with 90% of our students Cardiff University 34 Progression officers providing academic progressing to a university of Durham University 6 and social opportunities to engage in King's College London 16 university life their choice. Lancaster University 10 Loughborough University 16 Choosing to study overseas will give you an Placement services to support your Newcastle University 25 university application advantage at every stage of your life.
    [Show full text]
  • Taught Handbook 2017-2018
    University of Bristol Faculty of Biomedical Sciences SWBio DTP: Research Methods for Life Sciences Taught Handbook 2017-2018 Page 1 of 24 WELCOME Dear Students, Welcome to the SWBio DTP. I’m sure you are excited at the prospect of starting your postgraduate study. In this first year you will undertake a taught course, of which I am the Course Director. For the taught course you will undertake two rotation projects, as well as an integrated series of other units. Together, this provides you with many of the key skills you will need to allow you to succeed and make excellent progress in your following years of study. Please read this handbook thoroughly, which contains all the key information for your taught first year. Each of you are registered at your home institution, but this taught first year is based at the University of Bristol, in the Faculty of Biomedical Sciences. Importantly this means that University of Bristol regulations govern this first year. During this year you will all come together as a group for various aspects of this course, at each of the institutions that make-up the DTP– universities of Bath, Bristol, Cardiff, Exeter and Rothamsted Research. If you have any questions or require any further information, please contact Ruth Batterham ([email protected]) or me ([email protected]). Finally, I’m sure you have already been in touch with Samantha Southern. You will get more emails from her during the year and I ask that you reply to Samantha swiftly, since this helps this programme run to the benefit of each and everyone of you.
    [Show full text]
  • Dear University of Exeter Council / Falmouth University Board of Governors
    FXU Penryn Campus Penryn Cornwall TR10 9FE Tel: 01326 255861 Dear University of Exeter Council / Falmouth University Board of Governors, I am writing this on behalf of the students of the University of Exeter, Cornwall Campuses / Falmouth University, to both University Governing bodies, with regards to student accommodation issues. The University will have received a copy of the motion students submitted to the FXU on 23rd February 2016 in which we made the institutions aware of concerns students have raised to us at our recent Annual General Meeting. The submission and the subsequent unanimous student vote in favour of the motion means that FXU are now mandated to the act upon the following statement: “FXU should lobby the University of Exeter, Falmouth University and FX Plus to oppose any expansion of student numbers at this time, until a sustainable solution to the housing crisis is found and agreed upon by all parties, including the local town councils of Falmouth and Penryn, and the FXU.” The mandate comes about as students have foreseen there being substantial problems for both returning students and new students looking for accommodation in the private sector; in both the short and longer term. This letter is FXU’s first formal step in response to this mandate. It is important for us to state that FXU is committed to supporting our two universities to be even more successful and, as a result, completely understand that they naturally want to grow further. We also understand that this growth could bring real benefits to students, staff, our two universities and to the local community.
    [Show full text]
  • SWW DTP2 Overseas Fee Rates Summary
    Overseas / International Students: Fee Levels If you are successful in your application for a SWW DTP Studentship, the fee will be covered by the DTP at the UK Home Student rate. All Universities charge higher rates for overseas / international students, however, and partner institutions are individually responsible for decisions taken on how to address the ‘gap’ or ‘shortfall’ between the Home and the Overseas rate. The SWW DTP is not able to adopt or impose a common policy. Below are indications of how each partner has elected to treat this issue together with links to their websites where further information may be found. The rule / regulation / decision that applies to you is the one made by your LEAD INSTITUTION (i.e. the institution where your first supervisor is based). Aberystwyth University Response pending. https://www.aber.ac.uk/en/postgrad/fees-finance/fees/ Bath Spa University Bath Spa University welcomes applications from international students through the SWWDTP2. No tuition fees funding will be provided by Bath Spa University in addition to that provided directly by the DTP at Home rates (£4407 for 20/21). International students choosing Bath Spa University as their primary institution will be liable for any difference in fees. For example, those entering on a standard band (£13,700 for 20/21) will be required to pay £9293. Stipend rates will remain unaffected. https://www.bathspa.ac.uk/students/student-finance/tuition-fees/international-fees/ University of Bristol In response to the new UKRI eligibility criteria, University of Bristol is pleased to announce that it will be offering International fee discounts for successful UKRI applicants.
    [Show full text]
  • University Placements the Following Gives an Overview of the Many Universities Tanglin Graduates Have Attended Or Received Offers from in 2018 and 2019
    University Placements The following gives an overview of the many universities Tanglin graduates have attended or received offers from in 2018 and 2019. United Kingdom United States of America Abertay University Amherst College Aston University Arizona State University Student Destinations 2019 Bath Spa University Berklee College of Music Bournemouth University Boston University Central School of St Martin’s, UAL Brown University City, University of London Carleton College 1% Malaysia Coventry University Chapman University 7% De Montfort University Claremont McKenna College National Durham University Colorado State University 1% Italy Service Edinburgh Napier University Columbia College, Chicago Falmouth University Cornell University 1% Singapore Goldsmiths, University of London Duke University 1% Hong Heriot-Watt University Elon University Kong 1% Spain Imperial College London Emerson College King’s College London Fordham University 2% Holland Lancaster University Georgia Institute of Technology Liverpool John Moores University Georgia State University 4% Gap Year 64% UK London School of Economics and Hamilton College Political Science Hult International Business School, 2% Canada London South Bank University San Francisco 6% Australia Loughborough University Indiana University at Bloomington Northumbria University John Hopkins University Norwich University of the Arts Loyola Marymount University 11% USA Nottingham Trent University Michigan State University Oxford Brookes University New York University Queen’s University Belfast Northeastern
    [Show full text]
  • Post Title: FXU Chief Executive Officer Hours
    Post Title: FXU Chief Executive Officer Hours: 35 hours per week for 52 weeks, usually to be worked on a 7 hour a day basis, Monday to Friday. Work base: The post is based primarily at the Penryn Campus although responsibility extends across all the campuses so time will need to be spent at each of these and off site as required. Employer: FXU is a registered charity governed by an elected Board of Trustees, to whom all employees are accountable. FXU Staff are employed by Falmouth University on behalf of the FXU Board of Trustees. Resp To: FXU Trustee Board through the elected Sabbatical Presidents. Resp For: All permanent FXU staff, financial and physical resources. Job Purpose:FXU is the combined students’ union for students of University of Exeter Cornwall Campuses and Falmouth University. It is led by students for students, with professional staff supporting our ambition to help all students being able to say “I belong, I am heard, I am realising my potential, and I am supported”. The CEO will be responsible for effective and efficient strategic and operational management of FXU, ensuring the Union adds quantifiable value to the student university experience. As such, the role has responsibility for the delivery of FXU’s purpose, vision and values, strategic and operational plans. The CEO should provide consistent leadership, support and strategic overview; develop and sustain positive relationships with key stakeholders and ensure that FXU works within legal and constitutional frameworks and reflects good practice. The aim of FXU is to provide effective representation and services for all students of University of Exeter Cornwall Campus and Falmouth University, in order to enhance their well-being and general student experience through social, cultural, political, sporting, welfare, educational and other opportunities.
    [Show full text]
  • Report for Phd Studentship Partners: Summary Of
    REPORT FOR PHD STUDENTSHIP PARTNERS: SUMMARY OF OUTPUTS STUDENT: ROGER AUSTER STUDENTSHIP DATES: JANUARY 2018 – JUNE 2021 INSTITUTION: UNIVERSITY OF EXETER SUPERVISORS: PROF. RICHARD BRAZIER AND PROF. STEWART BARR OVERVIEW This document provides a summary of outputs resulting from a PhD Studentship investigating the ‘Human Dimensions of Reintroducing Eurasian Beaver (Castor fiber) into England’. The studentship was funded by University of Exeter, Devon Wildlife Trust, Plymouth City Council, and Cornwall Wildlife Trust. Additional funding was received from the Natural Environment Research Council for the nationwide survey paper, and the studentship received non-monetary support from the South West Partnership for Environmental and Economic Prosperity (SWEEP). In brief, the PhD studentship led to: • Lead-authorship of six academic papers (four published and two in peer review). • Co-authorship of one academic paper. • Lead authorship of two reports for the Poole Farm project. • Co-authorship of two reports. All published outputs are available for the PhD studentship partners via Dropbox*. Access to the folder is granted for: • University of Exeter: Prof. Richard Brazier, Prof. Stewart Barr • Devon Wildlife Trust: Mark Elliott, Jake Chant • Plymouth City Council: Chris Avent, Jerry Griffiths, Joe Bestwick • Cornwall Wildlife Trust: Cheryl Marriott, Tom Shelley, Chris Jones • SWEEP: Rebecca Abrahams, Dawn Scott Roger would like to express personal thanks to all funders, partners, and supervisors for their support and contributions towards this work. CONTENTS 1. Academic Papers 1.1. As Lead Author 1.2. As Co-Author 2. Reports 2.1. As Lead Author 2.2. As Co-Author 3. Partnership Group Memberships and Contributions 4. Miscellaneous 4.1.
    [Show full text]
  • The UPC Story Second Edition
    The UPC Story Second Edition The continuing development of University of Plymouth Colleges Revised by Mark Stone and Adrian Lee University of Plymouth January 2010 UPC Story Cover v3.indd 1 22/12/2009 10:17:14 UPC Story The development of the University of Plymouth Colleges Faculty; a national and internationally recognised network delivering high quality HE in FE opportunities and success for learners and the South West region. An overview The recognisable start of the University of Plymouth Colleges story began in the mid 1970s. During the late 1970s and early 1980s relationships started to develop between Plymouth Polytechnic and a small number of Further Education Colleges [FECs] in Devon, Cornwall and Somerset. There was a trend for colleges to further develop and extend day-release programmes and at the same time to move into general vocational education, including: training schemes for the unemployed, vocational preparation programmes and academic education in the form of ‘A’ levels. Even with these modest developments, by the early 1980s, nationally around 20% of HE students were in FECs. The mid-70s also saw the first Access programmes, originally in the inner London area but they quickly grew to cover the country and involved links between Polytechnics and local FECs. This was accompanied by an increase in demand, particularly from mature students, women returners and people in employment for locally-available higher education [HE] opportunities. This was a significant development as further partnerships and franchises of higher education courses developed from such agreements. Since this time, UPC has grown from its modest start in 1989 when the newly named Polytechnic South West recognised that the opportunities for higher level study in the region’s scattered rural environment were limited.
    [Show full text]
  • Congratulations to Our Class of 2020 Graduates on Their Acceptances to Universities and Colleges Around the World
    Congratulations to our Class of 2020 graduates on their acceptances to Universities and Colleges around the world AUSTRALIA Tilburg University Regent’s University London University College Maastricht Richmond, The American Macquarie University University College Utrecht International University in London Monash College University of Amsterdam Royal Holloway, University of University of Melbourne University of Groningen London University of New South Wales School of Oriental and African University of Sydney SOUTH KOREA Studies Staffordshire University CANADA KAIST - Korea Advanced Swansea University Institute of Science University College London Bishop’s University & Technology University of Bath Brock University University of Birmingham Carleton University SWITZERLAND University of Bradford Concordia University, Montreal University of Bristol Dalhousie University Ecole Hoteliere de Lausanne University of Dundee McGill University Les Roches International School University of Edinburgh McMaster University of Hotel Management University of Essex Ontario College of Art & Design Sustainability Management University of Exeter Simon Fraser University School of Switzerland (SUMAS) University of Glasgow Thompson Rivers University University of Kent University of Alberta THAILAND University of Leeds University of British Columbia University of Leicester University of Toronto University Chulalongkorn University University of Liverpool of Victoria King Mongkut’s Institute of University of Manchester University of Waterloo Technology Ladkrabang
    [Show full text]