Hebrew University. Most profitable
Photo: Sebastian Scheiner
Tel Aviv University. Came in second
Photo: Niv Calderon
Hebrew U. still most profitable university
Israel’s top university counted USD 456 million in revenues in 2005; in order, Tel Aviv University, Weizmann Institute, Ben Gurion and Technion next most profitable
The Hebrew University in Jerusalem continues to lead as Israel's most profitable university, counting revenues of USD 456.7 million in 2005, according to data released Sunday by the Dan and Bradstreet Company Israel.
The overall revenue from Israel’s 25 leading universities and colleges totaled roughly USD 2.3 billion in 2005, a 3.5 percent rise since the previous year. Profits from tuition fees only represented 20 percent of total revenues, as the majority of profits were attributed to various governmental subsidies and private endowments.
Hebrew University profits from tuition totaled USD 38.1 million in 2005 and governmental budget funds totaled USD 208.8 million in 2005. Another USD 209.8 million came from “other sources.”
Tel Aviv University rates as the country's second most profitable institution, with profits of USD 330 million in 2005. USD 66 million came from tuition fees, USD 156 million from governmental subsidies, and USD 108 million from other sources. The study counted 29,254 students enrolled at Hebrew University in 2005.
The Weizmann Institute of Science in Rehovot ranked third, with revenues of USD 302.8 million, USD 73 million of which were government subsidies and USD 220 million from other sources.
Ben Gurion University was found to be the fourth most profitable, with revenues of USD 267.4 million. The Technion ranked fifth with USD 224 million in revenues. Bar Ilan University followed with USD 181 million, then Haifa University with USD 131 million, and Open University with USD 75.2 million.
The highest number of students are enrolled at the Open University – 39,958, although a significant number of them are part-time students. Ninth and tenth most profitable were the Administration College and Beit Berl, with profits of USD 29 million.
The disparity between tuition fees at the five biggest universities compared to at the five largest colleges reaches nearly 65 percent. Average tuition at university is NIS 9,000 per year (about USD 2000), while at colleges tuition averages NIS 14,000 per year (USD 3,100). At some colleges the disparity is even higher, and tuition fees can reach up to NIS 30,000 (roughly USD 6,500)
