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“SL parents spend over USD 1 Bn on children’s overseas education”

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CA Sri Lanka President Sanjaya Bandara presents a token of appreciation to Chief Guest Senior Professor, Chairman of UGC Sampath Amaratunge. Chairman of the Board of Management of the SAB Campus, Ashane Jayasekara looks on. Picture by Sulochana Gamage

Sri Lanka’s brain drain of youth shows the quality and versatility of the Sri Lankan workforce as they were readily accepted by leading companies from all over the world, said Chief Guest Senior Professor Sampath Amaratunge, Chairman of the University Grants Commission.

He said that though there may be a loss of quality HR in Sri Lanka, the acceptance of them globally shows that Sri Lanka produces quality, skilled and educated youth that could work anywhere in the world.

He made these observations at the CA Sri Lanka’s SAB Campuses ‘Business Analytics Degree and MBA’ program launch on Tuesday. He said in a lighter vein that he hoped that these youth who went overseas for greener pastures would remain there for at least five more years as they could send the much needed foreign remittance to Sri Lanka. Professor Amaratunge said that secondly by staying and working overseas for around five more years they become more mature and experienced to start their own businesses when they come back to Sri Lanka. They move from a dependent of a company to a job creator of their own enterprise.

He also reminded that both India and China have successfully seen this model successfully being implemented creating a strong SME sector. He also said that with his intervention the State university intake has increased from 30,000 per year to 44,000 and now they are trying to increase this to 50,000.

The highly acclaimed SAB Campus of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) continued to expand the boundaries of higher education by launching two new world-class degrees in its continuing vision to create employable youth and support professionals in their ascent to achieve greater success in the corporate world.

CA Sri Lanka’s President Sanjaya Bandara, said that each year Sri Lankan parents remit around USD 1 billion for over 29,000 of students’ education overseas. “we are launching many programs to help students to follow them find lucrative jobs in Sri Lanka and help that FORX drain out.”

The Bachelor of Management Honours in Business Analytics and the Master of Business Administration (MBA) were launched for this purpose” he said. The launch of these two new degrees are approved by the University Grants Commission and the Ministry of Education and recognised worldwide due to its cutting-edge curriculum.the launch also coincided with SAB Campus’s 10th year anniversary.

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