Higher education is a tough and competitive market with a rapidly changing political landscape, and the fight for both students and academic talent is fierce. Based in Sydney, the University of New South Wales (UNSW) has AU$2.1 billion (US$1.55 billion) in annual revenue, more than 56,000 students and 6,000 faculty and staff. It is part of the elite ‘group of eight’ Australian universities and is 85th in the 2018 Times Higher EducationOpens in a new window world rankings.
Three years ago, the university launched its bold 2025 Strategic PlanOpens in a new window to invest AU$3 billion (US$2.22 billion) over a ten-year period to become Australia’s global university. The strategy is built around ten key pillars, including excellence in research and exemplary education, and an increased contribution to society both locally and globally. It calls for a review of all elements of the university, including: introducing a new academic calendar, restructuring support services, improving academic recruitment and retention and creating state-of-the art digital student experiences to meet growing global expectations. To keep pace with the competition, the university is planning to upgrade its research facilities and revamp its digital infrastructure to increase efficiency and reduce costs.
All this must be achieved in an environment unaccustomed to change and at a time when funding for research has become more competitive and students, both at home and from abroad, have ever greater choice. Clearly, not all institutions will make the grade and survive.