Total revenue for Spanish private universities and business schools underwent a growth of 4.5 percent in 2007, reaching €1.27 billion ($1.60 billion.) It is estimated that, in 2008, private universities and business schools will have a slightly lower growth rate (+3.9 percent), placing revenues at about €1.3 billion ($1.67 million), according to a recent report on the subject by DBK, a market research firm.
Government-accredited private universities brought in €720 million ($907 million) in 2007, an increase of 4.3 percent from 2006.
Students registered in private university degree programs reached 145,000 in the 2007-2008 academic year, an increase of 3.1 percent more students from the previous academic year. However, the amount of students registered in degree programs (including public and private universities) followed the trend from previous years, decreasing by 1.2 percent, while the rate in the public universities lowered by 1.7 percent, down to 1,245,000 students.
In December 2008, 24 government-accredited private universities (with consistent teaching activity) existed in Spain. Of them, only six had more than 10,000 registered students, whereas seven of them had from 5,000 to 10,000 registered students.
In December 2008, Madrid had a total of eight private universities, followed by Catalonia with five, and Castilla y Leon with four.
The following private universities - Ramón Llull, Alfonso X El Sabio, UOC (Open University of Catalunya), Universidad Europea de Madrid, and San Pablo made up 47 percent of total university revenues in 2007.
Business schools revenues’ increased by 4.8 percent in 2007, increasing to about €550 million ($692 million). The evolution of the market in 2008 and the forecast for 2009 indicate that growth will significantly slow down in the following years, in line with the overall economic context in Spain.
In December 2008, 330 businesses schools were active in Spain. It is interesting to note that the majority of the students are in small- and medium-sized schools; as such, less than ten of the schools had more than 3,000 students. In terms of revenue, the first five schools brought in 48 percent of the total generated in 2007. It is necessary to note that the mentioned data excludes private centers working through public universities and other centers that are neither nongovernment-accredited nor working through universities.
By Jesus Garcia