The billion dollar university surplus

The university sector was dramatically knocked by the pandemic. Or was it?

USYD

Sydney University recently announced a $1 billion surplus, a figure exponentially greater than the average, or even the previous record of $133 million.

So, how did this happen, particularly during a recession? Why did the tertiary sector fare so well in the wake of the pandemic?

It comes down to their three main revenue streams: grants from the Australian Government, Commonwealth Supported students, as well as fees. Which source has the most significant impact?

In this episode of Think: Business Futures, presenter Stefan Posthuma is joined by David Bond, Senior Lecturer in Accounting at the UTS Business School, to discuss the financials behind the university sector’s figures.

LISTEN > The billion dollar university surplus | 19 July 2022 | 27 min

GUEST BIOS

David Bond is a Senior Lecturer in Accounting at the UTS Business School. See David’s bio on UTS experts.

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Think: Business Futures is produced by 2SER in partnership with UTS Business School.

Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people, upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.