The 2008 Dun & Bradstreet Israel rankings of universities and academic colleges again placed Hebrew University of Jerusalem at the top. Hebrew University had NIS 2.26 billion revenue in 2007, of which just NIS 207 million came from tuition. The university has 24,000 students and 1,000 permanent faculty members.
Tel Aviv University, with a student body of 26,500 and 900 permanent faculty, kept its number two ranking, with NIS 1.94 billion revenue, of which NIS 326 million came from tuition.
The aggregate revenue of Israel's largest 23 universities and academic colleges was NIS 12.4 billion in 2007, up from NIS 10.9 billion in 2006: NIS 2.2 billion came from tuition, NIS 4.9 billion came from government budgets, and NIS 5.1 billion from donations. The aggregate revenue of Israel's seven universities was NIS 10.7 billion, and the academic colleges had an aggregate NIS 1.7 billion.
Dun & Bradstreet Israel says that the data reflects a longstanding global trend: tuition cannot cover the costs of academic institutions, and they must raise donations to survive. 41% of the revenue of Israeli academic institutions come from donations and research grants, 38% from the government, and the rest from tuition.
The Technion Israel Institute of Technology rose to third place in the 2007 rankings from fifth place in 2006, with NIS 1.55 billion revenue. Ben Gurion University of the Negev kept its fourth place ranking, with NIS 1.49 billion revenue, while the Weizmann Institute of Science fell to fifth place from third place, with NIS 1.38 billion revenue.
Published by Globes [online], Israel business news - www.globes-online.com - on March 12, 2008
© Copyright of Globes Publisher Itonut (1983) Ltd. 2008