Smaller universities have been urged to innovate as Melbourne and Monash report a combined surplus of almost $950 million.
Melbourne and Monash universities generated a combined surplus of $994.6 million in 2021 and hold more than two thirds of the sector’s cash and investments.
“I think what happens in tertiary education is that prestige often dictates the flow of resources,” Hurley said. “The universities that have the greater prestige can attract more research dollars and students.” By contrast, the remaining universities – Federation, RMIT, La Trobe, Victoria, Swinburne and Deakin – posted results ranging from a $19.5 million operating deficit to a $117 million surplus .
But Norton said this year was tougher for the big two because the extra research money had gone, global, and visa applications from countries, including India and Nepal, were trending up, favouring other universities. “Otherwise, it can end up being a lop-sided system where the best resources are concentrated in certain institutions,” he said.
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