Monday, January 4, 2016

Higher Education: Investing in Future Leaders - How Impact Investment Can Enable Underprivileged Talents to Access Best-in-Class Higher Education

Read the report
INSEAD / Credit Suisse (2015) 93 p.
A report commissioned by Credit Suisse

Research has shown that higher education is correlated with lower unemployment and higher income, making it a powerful tool in combatting poverty. Yet these economic gains are only the tip of the iceberg for those students who attend prestigious universities, located in high-income developed countries. For students who attend these best-in-class tertiary institutions, the benefits extend to gaining access to the networks of the affluent and influential.

Yet low-income students, particularly those from low-income countries, are vastly underrepresented at these prestigious universities. There are a variety of reasons for this lack of presence at best-in-class institutions, including lack of awareness of the relative value of an education at different universities, biases within the university admissions process, and a dearth of financial assistance schemes for such students. Novel solutions are needed to increase the number of underprivileged but talented students from low-income countries in higher education, particularly at prestigious universities, in order to alleviate the social and political marginalization of individuals in these countries.