Global Development Through Silicon Valley Education
By Staff Writer
Higher education faced many challenges in 2018. The federal tax overhaul earlier this year raised uncertainty around the material effects it will have over higher education funding. When enacted, there will be a decline in federal funding, and consequently, universities will raise their tuition, passing to families the cost of tuition. In January of 2018, S&P Ratings believed “institutions with limited flexibility, whether that be in programming, financial operations, enrollment, resources, or student draw, could face credit pressure in the upcoming year.”
Here in the United States, the pathway for a traditional student is to go through K-12, then college, and start working. What we now see are students, who are from the likes of Steve Jobs and Mark Zuckerberg, drop out of Ivy League universities to pursue their own entrepreneurial endeavors and succeed on a global scale. This is an indicator to universities everywhere that the need to tailor quality programs and courses to a diverse student body is paramount to the success of the student and university as a whole. This is also an indicator of students and parents shifting towards a more nontraditional higher education model; one that provides a low-cost, high-quality education. This shift giving rise to the more nontraditional, private universities that offer flexible programs have a variety of financing options, low barrier to entry for student admits, and access to resources.
ITU has become a hot commodity in today’s day and age as students embrace universities that give them easy access to entry through their online and weekend class schedules. Moreover, the university provides students a residency abroad where they’re able to learn first hand about the global markets in the Global DBA program. In this program, students must complete a residency in a country of their choice to gain insight into what moves the wheels in that economy. Our founding father Dr. Shu-Park Chan’s mission was to create a university where global education is accessible to anyone from anywhere. ITU’s core programs all fall under STEM disciplines, establishing its relevance in Silicon Valley and attracting international students from all over the world. Currently, our student body represents over 55 countries from diverse backgrounds and different walks of life. Our students bring a diverse perspective and experience to the classroom augmenting the students learning. Our domestic students gain valuable insight into global markets while our international students gain insight and knowledge on the Silicon Valley tech market bridging the knowledge disparity between the two different student types.
Establishing a global education here in Silicon Valley key to attracting talent from across the globe. Dr. Chan was a visionary and knew that there would be a demand for contemporary American students to learn about the global markets as world leaders changed. He also understood that both training and theory must be taught hand-in-hand in order for students to achieve a complete understanding of the practicality of their education. American students now will need to develop a greater awareness for the global market and understand how their economies help shape their own. For more information on our global learning models and programs, please visit itu.edu