08 March, 2018
A new report has revealed the growing significance of Otago Polytechnic to the Dunedin economy.
Otago Polytechnic’s Dunedin campus accounted for 80.3%, or $297.4 million, of total expenditure in 2016.
We contributed almost $365 million to the global economy, enjoying an 11% annual rise in overall student numbers, with more than 7700 enrolments (4807 EFTS), according to the report.
Almost two-thirds (65.9%) of the total expenditure across all campuses was driven by student spending. The remaining expenditure was derived from day-to-day Otago Polytechnic expenditure and the impact of staff spending their wages and salaries within their local economies.
“The report reinforces that Otago Polytechnic is a significant player in both the regional and city economies,” Otago Polytechnic CEO Phil Ker says.
“Our success undoubtedly benefits the regional economy, but that success is itself driven by the support we have from local businesses and communities.”
Commissioned by Otago Polytechnic, the report by Rebecca Hamid also revealed the tertiary institution employed more 670 staff (519 FTEs) across its three campuses (Dunedin, Central Otago and Auckland).
Otago Polytechnic experienced strong domestic demand for programmes in health and wellness, community, creative industries, trades and information technology in 2016. Capable NZ continued to grow, offering assessment of prior learning in the National Diploma in Business Administration, the Masters of Professional Practice, the Post Graduate Certificate in Applied Practice and the National Diploma in Youth Work.
Approximately 57% of students came to Otago Polytechnic from outside Dunedin, with 55% from beyond the Otago region. Approximately one third of students (32%) came from the North Island.
Significantly, 16% (795 EFTS) came from overseas. This represents a 31.5% increase on international student enrolments, compared to 2015 (605 EFTS), a result attributed primarily to the growth of Otago Polytechnic’s Auckland campus over the past four years.
There are a number of reasons for this success:
Otago Polytechnic has more than 100 programmes from foundation to postgraduate degrees and has received the highest possible endorsement from the New Zealand Qualifications Authority for its educational performance and ability to assess its own performance.
It continues to lead the country’s institutes of technology and polytechnics (ITP) sector in course and qualification completions. Otago Polytechnic student and graduate satisfaction ratings are consistently high – survey data reveals 96% of graduates have moved into work, further study or both.
Looking to the future, a number of factors will influence Otago Polytechnic’s growth.
These include a building and facilities modernisation programme, which began in 2013 and will continue over the next 5-6 years.
New, purpose-built modern facilities, including new Creative and Trades Precincts, will enhance the high-profile destination programmes offered at Otago Polytechnic’s Dunedin Campus, providing a more attractive option for international students and those based outside the Otago region.
This building programme includes Te Pā Tauira – Otago Polytechnic Student Village, which opened its doors to students on Sunday 11 February.
The $20 million, 231-bed furnished residential village will provide for increased student intakes for both international and domestic students.
Orderdate: 08 Mar 2018
Expiry: 16 Mar 2018