Education & Training Sector

An Expert's View about Educational and Community Associations in Costa Rica

Posted on: 27 Nov 2011

By law the Costa Rican government sets aside at least 8% of its GDP to invest in education. This represents approximately 30% of Costa Rica’s annual budget. High quality education and a stable business environment have attracted FDI over the past 10 years leading to the creation of 52,411 jobs. As a result investors in-country are demanding an higher skilled labour force (technically qualified individuals and bi-lingual professionals).

Education & Training Sector in Costa Rica Education is a pillar of Costa Rican culture. A recent surge of Foreign Direct Investment has led to an increased demand for bilingual workers and thus created a number of educational opportunities. Market overview Costa Rica ranks 23rd in the World Economic Forum?s 2011-2012 Global Competiveness Report for the quality of educational system provided. By law the Costa Rican government sets aside at least 8% of its GDP to invest in education. This represents approximately 30% of Costa Rica?s annual budget. High quality education and a stable business environment have attracted FDI over the past 10 years leading to the creation of 52,411 jobs. As a result investors in-country are demanding an higher skilled labour force (technically qualified individuals and bi-lingual professionals). Key opportunities Technical Training Despite graduate numbers increasing ten-fold (37,191 students graduated in technical training in 2010 as compared to 3,655 in 2007), the market demand has not been satisfied. Opportunities for British companies to offer training courses in this sector, whether directly, via distance learning or through teaching the teacher, are: ? Accountancy and Finance ? Advertising, Design and Digital Animation ? Bilingual or Trilingual Customer Centre Operators ? Electromechanical and Industrial Electronics ? Networking and Telemetrics ? Plastic Injection Molding ? Precision Engineering and Industrial Maintenance ? Quality Control ? Software Development ? Technical Support and Electronics Higher Education Currently there are massive shortfalls in the labour market of qualified Engineers and the Creative Industries at degree level, and in Engineering and Business Administration at Postgraduate level. In particular the labour market is demanding graduates in the following subjects thus creating opportunities for British companies to offer training courses, whether directly, in cooperation with universities, via distance learning or through teaching the teacher: ? Audio-visual Production and Digital Animation ? Business Administration ? Dentistry ? Engineering: Industrial, Electronic, Materials, Mechanical, Systems, Electromechanical and Techtronic ? Veterinary Science As a result of the need to diversify of degree courses, private universities in particular are looking to expand their campuses, creating opportunities for, amongst others, British companies in the construction sectors. Soft Skills Training and Professional Qualifications A massive surge in FDI in Costa Rica has created a demand for the provision of courses in these areas. In particular, investors have stated to the Costa Rican Investment Promotion Agency (CINDE) the need of training in the following areas: Soft Skills Training: ? Assertiveness ? Customer Services ? Leadership ? Problem Solving ? Teamwork Professionals Qualifications: ? Lean Management ? SAP ? Six Sigma English as a Foreign Language Since English is used more and more in business, both the private and public sector require more employees with a greater command of the language. There is an ever-increasing market for higher-level English teaching. Opportunities here abound: in particular teach the teacher courses; provision of / cooperation with the setting up of language lessons/certifications through local universities; language schools or colleges and distance learning. Latest export opportunities ? Education & Training Latest export opportunities ? Costa Rica Getting into the market Costa Rica boasts more than 100 years of democracy and has an excellent business climate. Bureaucracy is still one of Costa Rica?s major challenges. However, Costa Rican laws guarantee equal rights to foreign companies. Business people will generally speak reasonable English, but if not they will let you know. They tend to avoid precise commitments, although they may make them vocally to avoid hurting another?s feelings. More about doing business in Costa Rica Contacts Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS). To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team. ? Luisa Pastor, Trade & Investment Director, British Embassy San Jose. Tel: +506 2258 2025 ? Kate Cruse, Trade & Investment Officer, British Embassy San Jose. Tel: +506 2258 2025. Contact your local international trade team Major Events IV State of Education - Annual Report - April 2012 www.estadonacion.or.cr Languages National Fair 2012 - May 2012 www.crmultilingue.org UKTI Events UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows. Latest events ? Education & Training Latest events ? Costa Rica Useful links More about OMIS and other UKTI services for exporters
Posted: 27 November 2011