Analysis
In 2021, revenues from fee paying international students, Commonwealth Grants Scheme and Australian Government Payments (HECS, FEE and SA-HELP) accounted for 38.4%, 9.4% and 7.9% of total revenue for University of Sydney respectively.
In 2008, their shares of total revenue were 16.1%, 17.7% and 11.0% respectively. The change in revenue composition suggests income from international students has transformed from being a part of to becoming a dominant component of total revenue for University of Sydney.
The transition occurred in 2013 when revenue from international students overtook the Commonwealth Grants Scheme to be the largest income source for University of Sydney.
Between 2013 to 2021, University of Sydney was growing at 16.8% CAGR on revenue from international students.
It is important to note while it is positive to achieve strong growth in this particular revenue category, University of Sydney has also become more reliant on international students as its main source of income.
Leadership at University of Sydney can consider diversifying within this income source or developing alternative revenue sources to reduce the concentration risk.
Notes
Other Income consists of Donations and Bequests, Scholarships and Prizes, Non-Government Grants, Net Gain on Disposal of Property, Plant and Equipment, Net Foreign Exchange Gains, Revenue Related to Service Concession Arrangements and Other Revenue.
Revenue data is sourced from Department of Education.
CAGR and market share figures are calculated from nominal revenue data quoted in Australian dollars.