Credibility & Transparency Issues Faced by Private …...Credibility & Transparency Issues Faced by...

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Credibility & Transparency Issues Faced by Private Education Players May 27 th 2011 v.5 TSX: MBA NYSE AMEX: MBA International Head Office: 12F, 777 West Broadway, Vancouver, BC, Canada, V5Z 4J7, Tel: 604.871.9909, Fax: 604.871.9919, WWW: www.cibt.net Email: [email protected] China Head Office: #905, Fu Xing International Centre, 237 Chao Yang North Road, Chao Yang District, Beijing 100020, Tel: (86-10) 8571-5577, Fax: (86-10) 8571-5067

Transcript of Credibility & Transparency Issues Faced by Private …...Credibility & Transparency Issues Faced by...

Page 1: Credibility & Transparency Issues Faced by Private …...Credibility & Transparency Issues Faced by Private Education Players May 27th 2011 v.5 TSX: MBA NYSE AMEX: MBA International

Credibility & Transparency Issues Faced by Private Education Players

May 27th 2011 v.5

TSX: MBA

NYSE AMEX: MBA

International Head Office: 12F, 777 West Broadway, Vancouver, BC, Canada, V5Z 4J7, Tel: 604.871.9909, Fax: 604.871.9919, WWW: www.cibt.net Email: [email protected]

China Head Office: #905, Fu Xing International Centre, 237 Chao Yang North Road, Chao Yang District, Beijing 100020, Tel: (86-10) 8571-5577, Fax: (86-10) 8571-5067

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Table of Contents

About CIBT

Quality

Regulation

Transparency

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Emerging Asia

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Students

Programs

Global Vision

• To become a leading global education provider with Canada as our base, China as our hub, and expand across Asia.

Mission Statement & Business Objectives

• CIBT delivers quality western education through an extensive global network and advanced technology to students in North America and emerging Asia, which improves their earnings potential and lifestyles.

• To complement that vision, we recruit international students to study at our North American campuses and provide them with enhanced learning experience and employment opportunities.

Guiding Principles

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Student Age19 25

Reve

nu

e B

rea

kd

ow

n

0%

100% KGIC = King George International College

SSCC = Sprott-Shaw Community College

SSDC = Sprott-Shaw Degree College

CIBT China = CIBT Beijing School of Business

Partners = Partner Universities with Transfer Programs

20%

70%

10%

0%

KGIC SSCC PartnersSSDC CIBT ChinaCIBT ChinaSuppliers

English Training

Programs

Diploma/Career

Undergraduate

DegreeGraduate

Degree

Programs

CIBT’s Division Breakdown

Global Learning Network Video Conference Delivery Platform

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KGIC International CollegeOne of Canada’s largest language training schools

Robson Street Campus

Vancouver Center Campus

Canada TESOL Center

Surrey Campus

Toronto Campus

Toronto Business College

Victoria Campus

Halifax Campus

Established in 1996, became member of CIBT Group in March 2010

Educated over 40,000 students since 1996

8 campuses in Canada, 6 overseas offices & training centers

Specializes in English training, TESOL and career diploma programs

Enrolled 6,000+ international students per year generated over $20M revenue in 2011

International students from Asia, Eastern Europe, Middle East and India

Excellent upgrade path from KGIC language programs to Sprott-Shaw diploma or degree

programs

KGIC programs being broadcasted to Asia by the Global Learning Network

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Largest trainer of Practical Nurses in Canada with 96% passing rate 2009

Offers Degrees and Diplomas in over 140 programs including:

Business & Administrative

Healthcare

Construction Trades

Tourism & Hospitality

International Business

ESL, TESOL, TEC

BBA Degrees in Marketing, Human Resources, International Management, Accounting with Certified General Accountant (CGA) designation

Sprott Shaw Community CollegeOne of the oldest & largest private colleges in Canada

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Opened the first Sprott-Shaw campus in 1903 and acquired by CIBT Education Group in 2007

Presently operates over 17 campuses in Canada

Sprott-Shaw Community Colleges are accredited through the Private Career Training Institute Agency of British Columbia, Canada

Sprott-Shaw Degree College offers accredited undergraduate degrees authorized by the Degree Quality Assessment Board of British Columbia, Canada

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CIBT Beijing School of BusinessA premium business college in China since 1994

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Established in 1994, CIBT has launched various programs in China including:

Award Winning Accredited MBA Graduate Degrees

Transferable Bachelor Degrees

Automotive Vocational Diplomas

Hospitality and Tourism Diplomas

Named China’s most influential Sino MBA programs twice since 2004

Best Practice in automotive education in China 2006

Awarded China’s top 2 international preparation colleges in 2008

One of the most experienced foreign Business and Career Schools in China

CIBT Beijing School of Business

offers University Pathway & International Degree programs

CIBT Beihai International Collegeoffers accredited Chinese Associate Degree programs

CIBT Wyotech Automotive Instituteoffers advanced automotive maintenance programs

American Hotel & Lodging Educational Instituteoffers hotel & hospitality programs

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Global Presence in 18 countries, 12,000 students &

Recruitment Network of 2,500 Agents from 42 countries

Brazil

Taiwan

Japan

KoreaChina

Spain

Mexico

Canada

Philippines

India

Jordan

VietnamJamaica

Australia

UK

USA

NetherlandsSwitzerland

Joint Program SchoolsCorporate Locations Exclusive Licensing

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Malaysia

Mexico

Mongolia

Pakistan

Peru

Philippines

Poland

Russia

Saudi Arabia

Spain

Switzerland

Taiwan

Thailand

Turkey

Ukraine

United Arab

Emirates

United States

Uruguay

Venezuela

Vietnam

Yemen

Argentina

Australia

Belgium

Brazil

Cambodia

Canada

Chile

China

Colombia

Costa Rica

Dominican Republic

Ecuador

England

France

Germany

Hong Kong

India

Iran

Italy

Japan

Korea Agents

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CIBT Group Value Chain

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Technology Based Learning

- Global Learning Network

Overseas Campuses

-11 Campuses

Canadian Campuses

-25 CampusesDelivery Platform

Global Agents Network

-Presence in 42 Countries

Direct Marketing

- Canada and Overseas

Recruitment

Channels

International Students - 79% Domestic Canadian Students – 21% Student Mix

Programs Owned Programs Licensed Joint-Programs – 16 Total

140+ Sprott-Shaw Vocational AHLA-EI – Tourism Diploma CIBT 2+2 Bachelors Degree

KGIC English Language

Training

Wyotech Automotive CIBT 1+1 Masters Degree

Sprott-Shaw BBA Degree

Programs

Student Services Department (Visa, Immigration, & Work Permit Applications)

Graduate Career Representatives (Post-Graduation Preparation)

Global Career Center Job Services (Job Placement Services)

Post-Graduation

Services

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21%

79%

Enrollment Sources 2011

Domestic Canadian International

Student Demographic

47%

53%

Revenues Sources 2011

Domestic Canadian International

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GLNWestern Curriculum

Western Instructors

Video Conferencing

Studio

Live Interaction

Recorded Lectures

In-Class Tutor

Scalable Model

Rapid Deployment

Global Learning Network (“GLN”) Features

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Global Learning Network Vancouver Studio

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Global Education by Video Conferencing

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Students

Overseas Partners Provide:

Facilities Local Tutor Student Recruitment Capital Expenditure

CIBT Supplies:

Educational content

North American teachers

Technology support

Marketing support

New program development

Certificate or diploma

Global Learning Network (B2B) Business Model

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Preconceptions of Private Education

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Quality

RegulationTransparency

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Market Driven Quality

Pressure to Ensure Quality faced by the Private

Education sector:

Competitive market environment

Tuition is typically higher than public institutions

Brand and Reputation are the core assets

We need to provide better customer service and add

more value in order to compete with public institutions

eg: Global Career Centre which provides job placement

services for free

Convenience locations to students

Video resumes for our graduates for free

Other job placement services for free

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Trends for Canadian Student Loan System

According to Human Resource Skill Development

Canada Private institutions accounted for 10% of

Canadian Students Loan in 2009

Trends for Canadian Student Loan Defaults:

Private education sector decreased 28.2% since 2001

Public Colleges decreased 15.2% since 2001

Universities decreased 17.2% since 2001

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Canadian Student Loan Default

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 P

Defa

ult

Rate

s

University

Colleges/Insitututes

For-Profit

Source: Human Resource and Skills Development Canada, Department of Government of Canada

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Scrutiny Faced by Private Education Providers

Governing Bodies Regulate Private and Public Education Institutes: Canadian Provincial agencies include

− Degree Quality Assurance Board (DQAB)

− Education Quality Assurance (EQA)

− Private Career Training Institutions Agency of British Columbia (PCTIA)

− Other industry and professional associations

Regulators in China include: Ministry of Education, provincial Education Commission, municipal Education Bureau and Labor Bureau

Private Institutions can face termination of licenses by the Students Loan Department if: High student loan default rate

Not adequately preparing students for jobs

Providing a curriculum that does not meet job market demands

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Transparency Issues Facing Private Education Providers

Academic Quality

Student Services

Post Graduate Services

Student Loan Default

Rate

Updated Business

Plan

Source of Capital

Pending litigation

Audited financial

statements

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Testimonials in CIBT’s Global Career Centre

•"This is one of the best ways Sprott-Shaw has lived up to its promises of assistance in job finding. Since this project started I have had several job offers and believe it or not I chose the ones which suited me most. Not for the money but because of the type of work I enjoyed. I believe many other Graduates like me have benefited immensely from this free service."

Holy M. (East Vancouver)

•The free employment service provided by Sprott-Show for the graduates it is a good idea. It's wonderful to know that someone is thinking how to help the graduates to find a job, especially now when the market is not very good. I benefit from this service receiving; resume checkup, job postings, advices about how to follow up after interviews, and moral support. All of these keep my hope alive and helped me to find a job. Thank you very much for your help!"

Mariana G. (New

Westminster)

•"It has been my pleasure to work with Ana in my job search efforts. She has been extremely helpful with providing valuable leads that have resulted in my employment with Pacifica Housing. Her insightful input aided in my tweaking of a resume that I can be proud of and that has proven to be successful now as well as some key interview skills that I honed while consulting with Ana. Thank you for providing this service and for Ana and her hard work."

Peter A. (Victoria)

•"The service is extremely helpful. You need to pride yourself because you make sure that your graduates are successful. The staff is very helpful, friendly, and easy to talk to. You helped me find the perfect job very quickly."

Brandi R. (Abbotsford)

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Thank You

CIBT Education Group Inc.

Tel: 604.871.9909

Email: [email protected]

12F, 777 West Broadway

Vancouver, BC, V5Z 4J7

Corporate website: www.cibt.net