Almost 4,000 courses have been scrapped at UK universities in the past year, figures show, as institutions struggle to balance the books and students baulk at the cost of gaining a degree.
Less selective universities with lower fees were most affected by the reduction in courses, risking even greater competition for places at more expensive universities, research by Times Higher Education (THE) revealed. It did not name the universities hit hardest.
The maximum tuition fee for full-time undergraduate courses is £9,535 ($12,900) for UK citizens, but for EU and international students it can range between £11,400 and £38,000, the British Council said. The government is also toughening the rules on visas for international students as it attempts to reduce immigration numbers.
The analysis of almost 45,000 courses in its 360 databases found that about 3,900 had been dropped between 2024-2025 and the coming academic year. Twelve per cent of the discarded undergraduate courses were at universities with low fees, compared with six per cent at those in the medium range and five per cent at the highest end of the market.
The most expensive universities were also least affected at postgraduate level, shedding seven per cent of courses, whereas postgrad courses at mid-level universities fell by 11 per cent. At the lower end, it dropped by 13 per cent. Overall, 47 per cent of the scrapped courses were at low-tariff universities, 28 per cent at medium-fee institutions and 25 per cent at high-fee universities.
Amy Ross, principal consultant at THE, said fewer subject options would cause concern, but the higher education sector was in a period of “volatility and transition”. She added that universities were re-evaluating what they offer while responding to financial pressure and needed to develop “innovative programmes which respond to changes in student demand”.
The most affected undergraduate courses were those in agriculture, food, physical sciences, social sciences and biological and sports sciences. At postgraduate level, history, philosophy and religious studies were hit badly.
The least affected were medicine and dentistry.
Language courses dropped by two per cent at the top universities, but that rose to 29 per cent at the other end of the scale, the analysis showed. It was a similar picture for mathematical sciences, where more than a third of the 35 courses at low-fee universities were dropped compared with four per cent everywhere else.
Graeme Atherton, associate pro vice-chancellor for regional engagement at the University of West London, said the figures for maths suggested students must now attend a higher-fee university to study the subject.
Glen O’Hara, professor of modern and contemporary history at Oxford Brookes University, said prospective students with lower A-level grades or those unable to relocate would suffer, with “talent wasted” as opportunities closed down.
Lower enrolment for certain courses was highlighted by THE as the most likely reason for shutting down a course.
Despite fewer courses being offered, a record number of students were accepted by UK universities this year, up 3.1 per cent to 439,180, admissions service Ucas found. Elite institutions such as the Russell Group of 20 top universities took the lion’s share of domestic applicants.
Paul Ashwin, professor of higher education at Lancaster University, said the perceived link between cost and quality meant it was understandable that students would “trade up”, but warned that doing so risked causing a “vicious circle”.
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The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km
Results
5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)
5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel
6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout
6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi
7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle
7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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F1 2020 calendar
March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.
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