The document discusses changing trends in overseas education choices among Indonesian students and executives from family businesses. It notes a shift towards choosing universities in closer countries like Singapore, Malaysia, Australia and New Zealand due to lower costs compared to the US, UK, and Canada. Executive MBA programs are also growing in popularity. Universities are increasingly using partnerships, local campuses, and agents to attract more international students, including those from wealthy Indonesian families. Overseas education provides benefits like business networking that sometimes leads to new entrepreneurial ventures when students return home.
Asia-Pacific is one of the fastest growing economic regions, growth brings prosperity but also complex business challenges. This is the inspiration behind the first edition of “THE ASIA-PACIFIC CHALLENGE - MBA Case Competition” conducted by AGSM hosted at Sydney’s AGSM. The dates are December 5-8 2016, during the Australian summer. The Case competition will bring together, top talent from business schools in the Asia-Pacific region. Cases will be real business problems currently faced by organisations seeking to enter or expand into Asian markets. Participants from FT MBA programs will be tasked to address business problems and present their solutions to a panel of judges, including representatives from industries and academia. Fore more details about the competition contact us via the :
For more details reach out to :
Website >http://www.theapacchallenge.com
Android app >http://bit.ly/2biHwG7
Iphone app >https://itunes.apple.com/us/app/id1178525975
mail >theapacchallenge@agsm.edu.au
IFIM Business School is one of the best b schools in India and it has been consistently ranking top among the best business management schools in India. Admission open for PGDM programmes, apply online.
SAISHA INSTITUTE OF MANAGEMENT STUDIESARUN KUMAR S
SIMS offers UG, PG and Diploma programs under Faculty of Business and Management. The institution is registered with Tamil Nadu Government and Ministry of Corporate Affairs.
Saisha group of institutions was established by Arun Kumar.S, director of Saisha groups. The institution is into educational and consultancy services and facilitates several courses by having tie-ups with major universities in India & abroad. ‘Saisha’ means meaningful life or purpose of life. It is jointly run by Saisha Educational Trust and Akshith Kumar Pvt limited
International conference on management imperative for sustainable growth.ICFAI Business School
International conference on management imperative for sustainable growth. A call for papers in the area of marketing, human resource, finance, economics and business analytics.
All the information about registration is further mentioned in the pdf.
The premier franchises to watch in 2019.Merry D'souza
India and the Education system have a relationship that dates back to the 8th century BCE. While Takshshila (now in Pakistan) is regarded as the oldest learning centre, the Nalanda University fits the bill of the modern University education system. Scriptures, Vedas, Stupas, are all proof that the ancient Indian Education System was very evolved.
With changing era, colonization and later Independence, the education system in India has seen drastic changes from its ancient, often described as glorious past, to the modern system. The current system consists of public and private schools imparting education at the pre-primary primary and secondary levels.
Marketing Plan for opening IIM at SingaporeKaushik Rana
This is a purely research report that I undertook as part of my MBA curriculum to detail out STP, Branding and market plan for IIM to open up in Singapore (based on some news item that IIM-B plans to open a satelite campus there)
Asia-Pacific is one of the fastest growing economic regions, growth brings prosperity but also complex business challenges. This is the inspiration behind the first edition of “THE ASIA-PACIFIC CHALLENGE - MBA Case Competition” conducted by AGSM hosted at Sydney’s AGSM. The dates are December 5-8 2016, during the Australian summer. The Case competition will bring together, top talent from business schools in the Asia-Pacific region. Cases will be real business problems currently faced by organisations seeking to enter or expand into Asian markets. Participants from FT MBA programs will be tasked to address business problems and present their solutions to a panel of judges, including representatives from industries and academia. Fore more details about the competition contact us via the :
For more details reach out to :
Website >http://www.theapacchallenge.com
Android app >http://bit.ly/2biHwG7
Iphone app >https://itunes.apple.com/us/app/id1178525975
mail >theapacchallenge@agsm.edu.au
IFIM Business School is one of the best b schools in India and it has been consistently ranking top among the best business management schools in India. Admission open for PGDM programmes, apply online.
SAISHA INSTITUTE OF MANAGEMENT STUDIESARUN KUMAR S
SIMS offers UG, PG and Diploma programs under Faculty of Business and Management. The institution is registered with Tamil Nadu Government and Ministry of Corporate Affairs.
Saisha group of institutions was established by Arun Kumar.S, director of Saisha groups. The institution is into educational and consultancy services and facilitates several courses by having tie-ups with major universities in India & abroad. ‘Saisha’ means meaningful life or purpose of life. It is jointly run by Saisha Educational Trust and Akshith Kumar Pvt limited
International conference on management imperative for sustainable growth.ICFAI Business School
International conference on management imperative for sustainable growth. A call for papers in the area of marketing, human resource, finance, economics and business analytics.
All the information about registration is further mentioned in the pdf.
The premier franchises to watch in 2019.Merry D'souza
India and the Education system have a relationship that dates back to the 8th century BCE. While Takshshila (now in Pakistan) is regarded as the oldest learning centre, the Nalanda University fits the bill of the modern University education system. Scriptures, Vedas, Stupas, are all proof that the ancient Indian Education System was very evolved.
With changing era, colonization and later Independence, the education system in India has seen drastic changes from its ancient, often described as glorious past, to the modern system. The current system consists of public and private schools imparting education at the pre-primary primary and secondary levels.
Marketing Plan for opening IIM at SingaporeKaushik Rana
This is a purely research report that I undertook as part of my MBA curriculum to detail out STP, Branding and market plan for IIM to open up in Singapore (based on some news item that IIM-B plans to open a satelite campus there)
Know about Best PGDM College in Delhi - SSIM Dwarka, which is rated amongst the Best B-Schools in Delhi and Pioneers in Education Industry in India. SSIM Dwarka was established by Sri Sukhmani Group of Institutions and provides PGDM programme at it's Dwarka campus. The PGDM program at SSIM Dwarka has been specially designed to meet requirements of Indian industry, which has been duly approved by the AICTE, Ministry of HRD, Govt. of India.
The Knowledge Review comes up with a special issue of “India’s 10 Best Business School, 2018”, which brings forth some of the elite institutes which are innovatively transforming business management education in India.
Visit: https://theknowledgereview.com/indias-10-best-business-school-2018-august2018/
SSIM Dwarka is rated amongst the Best B-Schools in Delhi, and Pioneers in Education Industry in India. SSIM Dwarka was established by Sri Sukhmani Group of Institutions and provides PGDM Program at it's Dwarka campus. The PGDM program at SSIM Dwarka has been specially designed to meet requirements of Indian industry, which has been duly approved by the AICTE, Ministry of HRD, Govt. of India.
PGDM Programme at SSIM Dwarka has been designed to mould the leaders and managers of tomorrow. We encourage students to get in-depth of all the projects, followed by comprehensive research and presentation.
Premier Hotel Management Institute in India
Hotels are amongst the most visible and important aspects of a country's infrastructure. Hotel Industry is a closely linked one to the Tourism Industry. A number of factors like promotion of tourism and rapid industrial progress have given a boost to Hotel Industry. The recent liberalization of trade and opening up of economy will further lead to revolutionary growth in this sector. ...
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AINiT delivers the best study abroad and immigration consultancy services all over the world. Our consultancy portfolio includes Australian Immigration, New Zealand Immigration, and Canadian Immigration, Overseas Education and Visa Application Services and more.
Know about Best PGDM College in Delhi - SSIM Dwarka, which is rated amongst the Best B-Schools in Delhi and Pioneers in Education Industry in India. SSIM Dwarka was established by Sri Sukhmani Group of Institutions and provides PGDM programme at it's Dwarka campus. The PGDM program at SSIM Dwarka has been specially designed to meet requirements of Indian industry, which has been duly approved by the AICTE, Ministry of HRD, Govt. of India.
The Knowledge Review comes up with a special issue of “India’s 10 Best Business School, 2018”, which brings forth some of the elite institutes which are innovatively transforming business management education in India.
Visit: https://theknowledgereview.com/indias-10-best-business-school-2018-august2018/
SSIM Dwarka is rated amongst the Best B-Schools in Delhi, and Pioneers in Education Industry in India. SSIM Dwarka was established by Sri Sukhmani Group of Institutions and provides PGDM Program at it's Dwarka campus. The PGDM program at SSIM Dwarka has been specially designed to meet requirements of Indian industry, which has been duly approved by the AICTE, Ministry of HRD, Govt. of India.
PGDM Programme at SSIM Dwarka has been designed to mould the leaders and managers of tomorrow. We encourage students to get in-depth of all the projects, followed by comprehensive research and presentation.
Premier Hotel Management Institute in India
Hotels are amongst the most visible and important aspects of a country's infrastructure. Hotel Industry is a closely linked one to the Tourism Industry. A number of factors like promotion of tourism and rapid industrial progress have given a boost to Hotel Industry. The recent liberalization of trade and opening up of economy will further lead to revolutionary growth in this sector. ...
— Формы-дразнилки
— Игры с ценами
— Обратный звонок
— Игры со временем
— Дедлайны
— Upsell
— Гарантии
— Скидки и акции
— Отзывы
— Чат
— Оплата и доставка
— Награды
— Портфолио
— Кросс-маркетинг
AINiT delivers the best study abroad and immigration consultancy services all over the world. Our consultancy portfolio includes Australian Immigration, New Zealand Immigration, and Canadian Immigration, Overseas Education and Visa Application Services and more.
Best Study Abroad and Immigration Consultant in Karachi, PakistanAAMIR SIDDIQUI
Since its inception in 2001, AINiT has been one of the most successful and recognized immigration and study abroad consultants offering a wide range of services including to our clients that include:
• Australian Immigration
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Our study abroad consultants help potential students who wish to pursue higher education at international level in destinations like Australia, New Zealand, Canada, UK, USA, Turkey, Malaysia and many others.
AINiT CEO, Mr. Aftab Ahmed Syed is a duly registered migration agent and a licensed immigration advisor having hands on experience in the field since over a decade. Under his close supervision, are teams comprising of professional consultants, migration agents and experienced education counselors who are dedicated to provide you with the best possible immigration and study abroad solutions as per your requirements.
Our offices spread across the globe in countries like the UAE, KSA, UK, Australia and Pakistan provide more accessibility to our clients and make it easier for them to reach us to avail our professional services.
At AINiT, we know that every case is different from the other and understand the importance of each individual case. Hence, our teams are committed to provide our clients with transparent, professional and customized advice regarding their case and assess each case individually according to the policies and guidelines set by the relevant assessing authorities in the countries we deal with and lodge their visa application accordingly making their case stronger with higher chances of success.
We offer Cost Effective Study Abroad and Immigration Consultancy. Since its inception in 2001, AINiT has been one of the most successful and recognized immigration and study abroad consultancy firms offering a wide range of services.
Our study abroad services help potential students who wish to pursue higher education at international level in destinations like Australia, New Zealand, Canada, UK, USA, Turkey, Malaysia and many others. Our offices spread across the globe in countries like the UAE, KSA, UK, Australia and Pakistan provide more accessibility to our clients and make it easier for them to reach us to avail our professional services.
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Contact Information
Address: Plot No.107-C, Jami Commercial Street-11, Phase-VII, DHA,
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Tel: +92 21 35883852-3-4
Student Recruitment: What's the role of career prospects?Guus Goorts
When considering which programme to pursue, do prospective students consider "career" as a factor? We had an interesting webinar with two panelists:
Ian Pierson - Unibuddy
Ian shares to which extent prospective students ask student ambassadors about careers, as well as examples about particular questions they ask. He can know: the Unibuddy platform saw 3 million messages being exchanged between prospective students and University student ambassadors.
Louise Nicol - Asia Careers Group
Knowing what students ask is one thing. How to answer? Louise Nicol shares how to reliably track graduate employability over time, internationally.
I chip in about how you could put this knowledge into action in your student recruitment efforts.
The 10 most recommended overseas education consultantsMerry D'souza
Insights Success introduces the issue The 10 Most Recommended Overseas Education Consultants who are guiding students in discovering the top-notch educational institutions and embark on a journey of discovering their academic and occupational prowess.
The 10 most prominent institutes for 2019 (maharashtra special)The Knowledge Review
The Knowledge Review thus presents a special issue “The 10 Most Prominent Institutes for 2019 (Maharashtra Special)”, which highlights the leading institutes, which are providing a facelift to the education system.
In the latest edition, The Best Institute to Study Data Science, 2023, The Knowledge Review magazine is pleased to feature Imarticus Learning, spearheaded by Nikhil Barshikar, Founder and CEO along with Sonya Hooja, Founder and COO.
National business and service leadership award 2021Merry D'souza
In this special edition of Insights Success, ‘National Business and Service Leadership Award 2021’, we emphasise the achievements of visionary leaders and exemplary organizations.
Higher Ed: Global Education - National Distance Learning Week 2007videoreg
Higher Ed: Global Education
Topics for this event will cover strategic planning, accreditation, faculty workload, international programs, virtual learning communities, leadership, connecting educational institutions globally, trends, best practices and alternative education as an issue of national competitiveness.
Similar to 091010_2nd International Entrepreneur & Family Business_Changing Trends on Overseas Tertiary Education Choices (20)
Find out more about the scope of growth in India's logistics industry and how it supported by the E-commerce industry.
Learn about the impact of Covid on the E-commerce logistics industry in India and the trends in the industry.
Today marks the 20th anniversary of Spire, a dream turned reality with the support and contributions of Spire team. And thanks to all clients, partners and stakeholders who have been a part of this journey with us.
Spire wishes you a Happy Lunar New Year 2020!
May the year of the rat bring happiness, good health and good fortune to you and your loved ones.
#Spire #Chineselunarnewyear #Happiness #Longevity #Goodfortune #Joy #Family #Togetherness #YearoftheRat #Fortunecookies #Mooncakes
Spire wishes everyone a Happy New Year 2020!
May the new year bring you warmth, love and light to guide your path
What is your resolution this year?
#HappyNewYear #Newbeginning #Warmth #Anewdawn #Newhopes #Familytime #Holiday #Year2020
#Resolution #Success #Health
Spire wishes you all a very Happy Thanksgiving!
There is always, always something to be thankful for.
May this holiday season bring you peace, hope and health in abundance.
#Spire #Thanksgiving #Begrateful #Attitudeofgratitude #Abundance #Turkey #Feast #Family #Warmth #Bonding #Soulfood
Spire wishes you all a very happy and prosperous Diwali!
दीपावली की हार्दिक शुभ कामनाएं!
May this festival of light illuminate your life with happiness, prosperity and success.
What does Diwali mean to you?
#ShubhDiwali #Festivaloflights #Firecrackers #Familytime #Diyas #Triumphoflight #Divine #Mithai
Food is the fuel of body. On this day let us join hands and promise to donate food, stop wasting it and try to associate ourselves with causes related to helping others with food.
Can you beat the zero hunger challenge?
#StopWorldHunger #Stopfoodwastage #Donatefood #Savefood #Zerofoodchallenge
A time for festivity and the victory of good over evil.
May this auspicious day bring you luck, success and happiness.
#Spire #Dussehra #India #Burnawayevil #Goodtriumphs #Luck #Success #Happiness #Family #Celebration #Valor #Courage
We are reading today because our teachers took efforts while teaching us. These letters have meanings because of you teachers. We are thankful to you!
What is the first memory that you have of your teacher?
#Spire #worldteachersday #thankyou #myteachermyhero #openingdoors #firstmemory
Selamat Hari Merdeka!
Let us embrace and celebrate solidarity of all Malaysians with the hope that the dreams for a new tomorrow come true!
#NationalDay #IndependenceDay #Freedom #OneNation #HardWork #Success #Celebrate #Power #Malaysia
Dirgahayu Republik Indonesia!
Celebrating independence through unity in diversity.
How can we achieve communal harmony?
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स्वतंत्रता दिवस की हार्दिक शुभकामनाऍ़़ं! जय हिन्द!
A tryst with destiny, a long struggle for freedom and the sacrifices of freedom fighters commemorates India's independence.
How do you celebrate freedom?
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Share time together and return to your roots, together with the spirits that came before.
Dance the night away, Bon-Odori style!
How will you honor your ancestors?
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On this day, let go of your bad habits and count your blessings.
May you be blessed with abundant joy and happiness!
What blessing do you seek?
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May the spirit of liberty, equality and fraternity remain as high as ever.
Enjoy your day of freedom!
Are we truly free?
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Even a bad day becomes good when a chocolate comes to play.
Who ever said that chocolate is not healthy has not realized its healing power!
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Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
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What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Improving profitability for small businessBen Wann
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Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
091010_2nd International Entrepreneur & Family Business_Changing Trends on Overseas Tertiary Education Choices
1. Full Paper Submission for:
2nd International Entrepreneur & Family Business
Association World Conference 2009
Shah Alam, Selangor, Malaysia
10 October 2009
Spire Research and Consulting Sdn. Bhd. ( 779502-T )
36th Floor Menara Maxis, Kuala Lumpur City Centre,
Kuala Lumpur 50088, Malaysia
Tel : (60 3) 2615 0015
Fax : (60 3) 2615 0088
Website : www.spireresearch.com
3. Article by Spire Research and Consulting (www.spireresearch.com)
Changing Trends on Overseas Tertiary Education Choices
for Indonesian Students & Top Executives
Written by: Jeffrey Bahar, Managing Director, Southeast Asia
Spire Research and Consulting Sdn. Bhd.
Office: +60-3-2615 0015
Mobile: +60-16- 9555 884
Email: jeffrey.bahar@spireresearch.com
Abstract:
Owners of successful family-owned business would typically inherit their business to their
children. In order to prepare for the succession, their children are often sent to overseas for
their tertiary or even secondary education.
The 1997 Asian financial crisis reduced the „buying power‟ (affordability) of many Southeast
Asia families in funding their children‟s tertiary education. This is especially seen for
families in the more affected countries such as Indonesia and Malaysia. There has been
changing trend in the choices of university and country selection within ASEAN –
particularly studying in Singapore and Malaysia; Australia and New Zealand universities
gaining higher popularity due to closer distance proximity and more affordable living and
education budget required. The previously popular countries like the United States, Canada,
and UK are becoming less popular with Asian new student intakes reducing over the time.
In addition, education institutions and universities aggressively increase their marketing
effort to attract overseas students by organizing seminars in hotels or directly at elite high
schools, appointing education service agents, establishing linkage with local universities in
the targeted countries for twinning program or even opening a new local campus in the high-
promising countries.
4. Article by Spire Research and Consulting (www.spireresearch.com)
Executive MBA program are also gaining popularity among the children of family-business
owners after their completion of formal Bachelor degree. To equip themselves better in
managing their family-owned businesses, some of top executives even take further post
graduate studies. Top executives (business owners‟ children) would have the budget and time
to attend a full-time program and will elect for short or distance-learning program, due to
their busy schedules.
This paper highlights this changing trend on choices for graduate and post-graduate overseas
education programs for students and top executives in Indonesia.
5. Article by Spire Research and Consulting (www.spireresearch.com)
About Spire Research and Consulting and Our Speaker Participation Request:
Spire Research and Consulting has conducted a comprehensive survey in Indonesia‟s
overseas education sector, covering interviews with industry players comprising of
international schools & universities established in Indonesia, education agents promoting the
overseas education and potential students looking for overseas education. The survey is also
backed up with official statistics from the relevant government bodies. Examples of
interesting findings are also attached in Appendix 1, as preview.
The presentation to be made by Jeffrey Bahar as the speaker conference will highlight
interesting findings as well as his analysis on the changing trend in overseas graduate and
post graduate education choices for Indonesian and Malaysian students and top executives.
Furthermore, the speaker – Jeffrey Bahar – has previously worked in a family-owned
business for four years, The personal experience gained working in that family-owned
company in the wood industry and with headquarter in Singapore (with multi-country
operations in Indonesia, Malaysia, China and USA) will add the interesting facts to the
materials to be presented by the speaker.
We seek the committee consideration for granting the request for Jeffrey Bahar, representing
Spire Research and Consulting Sdn Bhd, to be one of the speakers in this exciting event.
6. Article by Spire Research and Consulting (www.spireresearch.com)
Presenter & Writer Bio-data:
BIODATA
Jeffrey Bahar
Managing Director, Southeast Asia
Spire Research and Consulting Snd Bhd
Jeffrey Bahar, currently Southeast Asia Managing Director of Spire Research and Consulting
(www.spireresearch.com), joined Spire Research and Consulting in Singapore in October
2000 as a Research Manager in the Singapore office. He was promoted to Senior Research
Manager in 2002 and subsequently started Spire Research‟s Indonesian office in 2003,
Malaysia and Vietnam office in 2007 to 2008.
Besides building up the business in Indonesia, he has also been tasked with heading a 50-
member research team across three offices (Indonesia, Vietnam and Malaysia) offering a high
level of needs-tailored research services to a high-caliber portfolio of clients consisting of
leading companies in the telecommunication, automotive, agribusiness, banking,
pharmaceutical and fast moving consumer goods industry.
With nine years industrial experience in market research, Bahar brings to his clients valuable
primary research and secondary research services using both internal corporate data and
publicly available data sources to derive relevant and actionable information to support
strategic planning and business development. His valuable technical background in
engineering and the IT industry, has endeared him to many clients in related fields.
Bahar began his career with Chartered Semiconductor Manufacturing (CSM), as a Production
Control Engineer in 1996. He subsequently joined Pacific Plywood in 1997, a leading Asia-
Pacific timber company listed in Hong Kong yet also a family-owned business with multi
country operation in Asia namely Indonesia, Malaysia, China and USA, where, as a Senior
7. Article by Spire Research and Consulting (www.spireresearch.com)
Specialist, he was in charge of regional business development and related research before
joining Spire Research in Singapore.
Bahar holds a Master‟s degree in Industrial Engineering from the University of Wisconsin in
the United States. He is well networked in Indonesia and has an excellent understanding of
the country‟s business environment.
With a good working knowledge of Malaysia, Vietnam, Thailand, China and Japan, Bahar
has honed Spire‟s regional capabilities in strategic market entry studies, in-depth competitor
analysis and distribution channel analysis, while extending its service range into financial
feasibility studies, marketing consulting, business partner evaluation and supply chain
management benchmarking.
He holds a Master of Science and Bachelor of Science in Industrial Engineering from the
University of Wisconsin, Madison.
Contacts: email jeffrey.bahar@spireresearch.com, at office + 60 – 3 – 2615 0015 or mobile
phone + 60 – 16 – 9555 884
8. Article by Spire Research and Consulting (www.spireresearch.com)
Full Paper:
Trend on Location Choice of Overseas Education
Owners of successful family-owned businesses would typically inherit their businesses to
their children. In order to prepare for the succession, their children are often sent to overseas
for their tertiary or even secondary education. These students are becoming the narrower
target segment for overseas education outside Asia.
Each year, more than 4 million new Indonesian students in pursue tertiary education program
in local and overseas universities. It is only about 30,000 students that elect for overseas
education program or about 0.75% of total. Nonetheless, this small group of students creates
a large market of estimated USD 450 million each year for the tuition fee spending to be
tapped by overseas education providers.
For Indonesian students pursuing for overseas tertiary education, more than 90% of the
students obtain their education fund from their parents. As the overseas education has cost
increased with higher exchange rate of foreign currencies like US Dollar, British Pounds and
Australia Dollar against the Asian local currencies since 1997, this gradually reduces and
limits the affordability for overseas tertiary education to children of the rich families that
mostly having a family-owned business or the upper-class families that their parents have
accumulated savings for their children education overseas. The potential international student
segment for oversea education narrows to children of these families.
The 1997 Asian financial crisis reduced the „buying power‟ (affordability) of many Southeast
Asia families in funding their children‟s tertiary education. This is especially seen for
families in the more affected countries such as Indonesia and Malaysia. There has been
changing trend in the choices of university and country selection within ASEAN –
particularly for studying in Singapore and Malaysia; Australia and New Zealand universities
gaining higher popularity due to closer distance proximity and more affordable living and
education budget required. The previously popular countries like the United States, Canada
and UK are becoming less popular to Asian new student intakes continue to decline, losing
the students from upper-middle class families that may not from family-owned business
families. Students from these families have changed their location choice for overseas
9. Article by Spire Research and Consulting (www.spireresearch.com)
education to Australia, Singapore and Malaysia that are more affordable and closer in
proximity to their home country.
Indonesia is ranked 16th in top countries sending students to the US education system, with its
total of 7,629 students in 2007-2008 academic years 1 . One the top six universities for
Indonesian students is University of Southern California, a private and high-tuition fee
university in Los Angeles that is a popular choice for the children of the rich, family-owned
business owners since the 1990‟s. Major high living cost cities in California, New York,
Massachusetts and Washington States of USA are observed as the popular destination of the
family-owned business children. While US universities still having 7,629 Indonesian students
attending their study in the US, the number seems to have declined in the past 10 years that
was earlier reported at more than 10,000 students each year before 1997.
For UK universities, Indonesia is ranked 6th among overseas students studying in the UK and
just slightly lesser students than Malaysia on the 5th rank. Total number of Indonesian
students studying in UK is less than 1,000 students2, as the average tuition fee of £9,000 as of
2007-2008 (in 1999-2000: only £6,550)3 only becomes affordable to the rich-family children
for self-funding students.
On the other hand there were 21,000 Malaysian students enrolled in Australian universities in
20084, making Malaysia on the 5th most of all international students studying in Australia. In
comparison, there were also a total of 16,000 Indonesian students registered in 20085. Both
Indonesian and Malaysian students combined contribute AU$500 millions of tuition fee, with
average tuition fee of AU$13,500 per year6.
The total number of international students attending education system in Singapore climbed
from 50,000 students in 2001 to almost 100,000 students in 2008, with Indonesian and
Malaysian students are the top in the ranking. Singapore is a natural choice due to its Asian
1
US Commercial Service Indonesia Education and Training Review, United States of America Department of
Commerce, http://www.buyusa.gov/indonesia/en/education.html
2
British Council
3
Median tuition fee of UK universities for class-room based graduate program, source: UK Council for
International Student Affairs
4
Hobson‟s International Students Guide,
5
The Australia Government, Department of Foreign Trades & Services
6
Average tuition fee in Australia university for bachelor program, Australia Education International
10. Article by Spire Research and Consulting (www.spireresearch.com)
culture and the closest proximity to Indonesia and Malaysia, with many Indonesian family-
owned businesses owners having their own residential property investment in Singapore.
Some of their children were even sent to study in Singapore as early as for their primary or
secondary education stage. More new universities, like Singapore Management University,
were opened in Singapore allowing for more student intakes and high percentage of
international students including from Indonesia. Long-established universities and institutions
like Nanyang Technology University, National University of Singapore, Singapore Institute
of Management and LaSalle International Design School are also some of the popular choices
among Indonesian students studying in Singapore. Upon completion of their bachelor
program, children of the family-owned business will either return to Indonesia to run the
family business or continue their further post-graduate education in Australia.
There are also a number of successful large Indonesian companies that was previously a
family-owned business growing to become international companies and set up their regional
head quarter in Singapore. Their children of the founding family that studied in Singapore
will continue to live in Singapore and take senior position in their Singapore regional
headquarters.
Executive Post-Graduate & MBA Program Gaining Popularity
Singapore also benefits from its close distance to Indonesia, as some top executives running
the family-owned businesses require further post-graduate study will choose to attend the
program in Singapore campuses. As they have started working or having family commitment,
these top executives are likely to elect for short-program or distance-learning Executive MBA
program where top executives are only required to take class-room based teaching or lectures
for a short-period of time only (a certain numbers of days in each month or each semester).
These programs are typically from world‟s top universities with high tuition fees, which
affordability and frequent travel expenses, even once or twice in a month, is not be an issue to
these top executives.
Twinning Program, Local Campuses and Increasing Marketing
In addition, education institutions and universities aggressively increase their marketing
effort to attract overseas students by organizing seminars in hotels or directly at elite high
schools, appointing and working with education service agents, establishing linkage with
11. Article by Spire Research and Consulting (www.spireresearch.com)
local universities as campus in the targeted countries for twinning program or even opening a
new local campus in the high-promising countries. There are more options of “3+0”, 2+2”,
“2+1” denoting the number of years required to study in local campus and overseas campus,
that need lower education fund as most of the study years are in local country, without
attracting high expenses of living abroad. From observation, tuition fee for such twinning
program typically range from US$10,000 to 20,000 for the whole program of 3 or 4 years of
study to completion.
However, the student target is typical not for children of rich, family-business owners but
more on children of upper-class families that looking for lower-cost option yet still obtaining
degrees from international universities in US, UK or Australia. Family-business owners will
tend to still send their children for overseas education in outside Indonesia.
Intangible Benefits, Emergence of New Young Entrepreneurs
Children of family-owned businesses attends „elite‟ universities and start to build their make
friendship with same country of origin as well as similar family background, that is the rich
families that own businesses. These „elites‟ top-executive-to-be at their parent‟s companies
gain intangible benefits from its school friendship network that later turns out to be a
powerful business network system, when they return to their country and starting to run the
family-owned companies.
It is often new businesses are started among them studying together in overseas, shortly in a
few years after their return to their home country. With no difficulty in raising the initial
investment capital, new businesses in the sector of retail, fashion, food franchises and
entertainment services are the most commonly selected as the new business ventures as these
business are easier to set up and having a high profile for social acknowledgement and
recognition. Some of these businesses become successful and grow into a sizable business
relatively faster in 2 to 3 years, as there is again lesser constraint of business expansion
capital.
Young entrepreneurs groups and clubs now have new members from these successful young
business people that reunite back with their old school friends and strengthening their social
and business network of this powerful group. New members of high-profile socialite classes
are now made of these young entrepreneurs and top executives.
12. Article by Spire Research and Consulting (www.spireresearch.com)
Dynamic, Gradual Changes in Family-Owned Business and Conglomerates
Many family-owned business and conglomerates in Indonesia are now run by the 2nd or even
the 3rd family generation of the company founders and owners. The sons and daughters of
these family-owned businesses and conglomerates are immediately posted in top position and
senior managements of the company. These top executives having obtained their academic
qualification from overseas education system bring new management concepts learnt from
the school and gradually change the management system from a single-authority management
to team-based or committee-based senior management decision. The senior management
team are formed with academically-qualified and professional managers, with some are from
their school friends that are from the upper-middle class family that their parents do not own
their own businesses. Their ex-school friends are trusted due to the long-established relation
built since the student days.
In Conclusion
Sending children for overseas education is a strong trend among the families of rich and
family-owned business owners. In general, the popular location choice for overseas education
changes with Australia, Singapore and Malaysia gaining more international students from
Indonesia. For children of Indonesia rich, family-owned business, United States, Australia,
Singapore and UK are the popular location choice. Universities in US and UK have narrower
student target segment that is mainly from the „elite‟ children that overseas education
becoming a compulsory. Children of the upper-middle class families would elect for lower-
cost options such as Australia, Singapore and Malaysia or the growing twinning programs
with local campus setup. High-tuition fee Executive MBA program with close proximity
campus, like in Singapore, also grows its popularity to top executives that are children of rich,
family-owned businesses owners and running the company of their parents.
The dynamic change in management of the family-owned businesses as their children take
over as the top executives, the emerging new young entrepreneurs, intangible benefits from
personal business network developed among these group and new business started among
these elites are some of the interesting trends observed and related to this topic.