Education become a profitable business
By Sreekala
@Sreekala (34312)
India
May 20, 2019 5:54am CST
I have been ‘in’ for race these days to get an admission for my son as he passed the 12th class. One thing I clearly understand during the process, Education is one of the highest profitable businesses among the world. I realized this truth when my son stated his play school at the age of 2 plus. It took me so long years to understand it clearly how people run the business in a high margin of profit.
I don’t have any interest to make you bore with my discoveries in the field of education.
However I would like to ask you, how about the business (education) in your part of the globe.
Image from google
12 people like this
11 responses
@AKRao24 (27424)
• India
20 May 19
I know that US , UK and Australia are doing a wonderful business in Education! ia are going Many students Students from India are going there and getting Post graduate degrees there and settle there! Russian MBBS after the approval by Medical Council of India is a big hit now! Degrees from UK in English literature is in great demand by Elite class to decoate the degree infront of their name!
3 people like this
@Sreekala (34312)
• India
20 May 19
What about our country. I openly said this to head of a coaching Centre this time. He smiled on me but did not give any comment.
Everywhere, education institution is making money. On applying for higher education, each subject, need a big amount just for applying. Just imagine how much money they are making from the initial process of admission.
1 person likes this
@Sreekala (34312)
• India
20 May 19
I have received plenty of phone calls, in the name of counselling when 12th exams started. I said to them, he is not even finished his exams and how can he spend time for you. Each and every coaching centre, charging 18k onward for just one 2 months coaching. If you took admission prior (before starting 12th exam) then you would have paid nearly 30k.
2 people like this
@akp100 (13640)
• India
20 May 19
I can understand this thing now as I have just put my 2 and half year daughter in play group.
Everything is kind of business. They are telling me to take uniform and books from the school , it is kind of compulsory, and yes with quite high price which I can get in less from outside. Surely part of business.
3 people like this
@Sreekala (34312)
• India
21 May 19
They insisit to get every thing from school. The quality is not good with dress. We can buy it from outside comparatively in a less price.
This is just a beginning and you will surprise on coming years. How much money you may need for her. When new academic year starts, school will take high fees, in the name of building development fund, maintenance charges etc. Last year, younger son's school charged Rs. 15100 and this year Rs. 16500 (for first quarter payment).
2 people like this
@Sreekala (34312)
• India
23 May 19
@akp100 Who is there to question it? No parents are ready to question the shcool authority and get bad names or spoil their children's future. So they do whatever they wish. Just imagine, for building fund they charges Rs. 5000/- per student, just imagine their income. They can build a new building with this amount easily.
2 people like this
@Nakitakona (56302)
• Philippines
20 May 19
Education in public school is free, elementary, high school, and tertiary. They're all funded by our government.
3 people like this
@Sreekala (34312)
• India
21 May 19
@Nakitakona Government schools are not doing the job in a perfect manner. They need improvement in the all the ways.
2 people like this
@Nakitakona (56302)
• Philippines
21 May 19
@Sreekala what do you mean not up to the mark?
3 people like this
@anil02 (24688)
• India
20 May 19
You are 101% right. In these day education is business not social service. In old days many peoples starts school and collage only to do social service. But at present it is purely business. They are charging high fee but paying lowest amount to staff. My wife was teacher in a private school so I know much about it.
2 people like this
@Letranknight2015 (51490)
• Philippines
20 May 19
My brother proposed a school in our home, but we refused because it requires a lot of money.
2 people like this
@cacay1 (83223)
• Cagayan De Oro, Philippines
21 May 19
Yes, true , education is a big business for all sectors especially the private institutions for tuition fees are higher.They earn much in miscellaneous alone and other add ons every now and then and the materials, equipment are the same, computers the same buildings the same.There are only few improvements except updates of fees and other fees. In the past, I went to the office of the higher education to apply for a license to operate a school. I never continued because of the million bond. I lack capital. There is no school that turn bankrupt, none.
2 people like this
@Sreekala (34312)
• India
21 May 19
You mean, if we start a school then we need huge money?
Schools know how to get money. My elder son took humanity stream and the school charged laboratory fees for him as well. There is no lab activities for humanities section, you know it. This way, they charged fees for all unnecessary things. When he completed 12th I thought there will be relief for me. Now I realized more expenses are on the way. For applying for higher studies, each subject is chargeable under the same university. Coaching class, as entrance exams are there, I am really tired up already. The admission is still on process, he wrote two tests and more on the way.
2 people like this
@LowRiderX (22907)
• Serbia
20 May 19
I do not know how it is with you in India but in our country, education is paid, not free
3 people like this
@LowRiderX (22907)
• Serbia
21 May 19
@Sreekala I understand. I believe that it is so in most countries, if something better and even education is desired, then it must be paid
3 people like this