University domestic bachelor-degree student profits and losses by field of education

In an earlier blog post, I calculated that universities made about $1.3 billion in 2018 from teaching domestic students. This post looks at profits and losses by field of education. Due to data limitations, the analysis is restricted to domestic bachelor degree students in Commonwealth supported places.

The first post included several methodological caveats. In drilling down further I must add more words of caution.

Costs are allocated according to the ABS fields of education. These do not necessarily correspond to the faculties and departments that organise and pay for teaching, and which have common cost structures from shared infrastructure and staffing.

For example, ideally law, which often has its own faculty, would have been separate from other ‘society and culture’ fields like humanities and social science. Economics is usually taught in commerce faculties, and so its costs would be closer to those of business courses than the ‘society and culture’ category in which it is placed. (If the ABS has ever had a worse idea than ‘society and culture’ I am yet to see it.) Read More »