Bangladesh Association of
Software & Information Services
An initiative backed by
KEY NOTE PRESENTATION
We’re facing a higher education bubble. Like the housing bubble, it is the
product of cheap credit coupled with popular expectations of ever-
increasing returns on investment, and as with housing prices, the cheap
credit has caused college tuitions to vastly outpace inflation and family incomes
We’re in trouble…
It is really bad….
45% of students in US colleges are not demonstrating any significant
improvement in learning during the first two years of college.
Total student-loan debt in America has passed the trillion dollar mark.
Education is no longer relevant for the labor market….
Online job opportunities is
growing at a furious rate
The time it takes to get a
job drops at a steady rate
But we have good news…
After 36 months on oDesk, contractors earn
an average of 190% more than they earned
during their first month on the platform.
Each additional year of education translates
to approximately 12% higher wages, while
each additional year of work experience is
worth approximately 2.6% more
But it requires time and training....
Online work will change the labor market forever!
Online work goes mainstream
1 of 2 businesses will hire online freelancers
10-20% of all work will be done online 2020
SO WHAT IS MISSING?
We already have available online labor markets
But what about institutions that invest in education?
We already have online educational institutions
Here is the solution…
The convergence….
E-learning
Online
Labor
markets
Micro
loans
It is already happening…
This is a huge opportunity…
And it is only getting better…
Bangladesh Association of
Software & Information Services
An initiative backed by
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