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Student Lifestyles in UK 2014: Market Research Report

MarketResearchReports.Biz announces addition of new report “Student Lifestyles - UK - June 2014” to its database

 

Albany, NY -- (ReleaseWire) -- 06/25/2014 -- MarketResearchReports.Biz presents this most up-to-date research on "Research Report On Student Lifestyles Market" UK 2014

Universities are operating in an increasingly competitive marketplace for higher education, with an estimated revenue stream of £18.7 billion in the UK. Domestic institutions are also competing with foreign universities, as more and more students choose to study abroad in search of a lower cost of living and cheaper fees. Universities would benefit from stepping up their efforts to learn about student expectations and how they can match them to drive growth in the education sector.

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Table of Content

Introduction

Methodology
Abbreviations

Executive Summary

Degree as a prerequisite for getting a job
Figure 1: Reasons for going to university, April 2014
Nearly two thirds of monthly income is spent on rent, bills and groceries
Figure 2: Monthly term time expenditure (mean spend), April 2014
Convenience drives eating habits
Figure 3: Cooking and eating habits, April 2014
Students are getting more serious about their education
Figure 4: Attitudes towards tuition fees and future prospects, April 2014
What we think

Issues and Insights

Making the transition from home to university smoother
The facts
The implications
Opportunities for parents to be firmer about asking their offspring to contribute around the household and learn budgeting skills
The facts
The implications
Students expect universities to deliver more value for money as a result of raised tuition fees
The facts
The implications

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Trend Application

Trend: Help Me Help Myself
Trend: Click and Connect
Mintel Futures: Generation Next

Student Demographics

Key points
Tuition fees
Higher education statistics
Figure 5: Trends in first year student enrolments in higher education courses, by mode of study and domicile, UK, 2008/09-2012/13
A global perspective
Higher education participation by gender
Figure 6: Undergraduate students, by mode of study and gender, UK, 2012/13
Subject area
Figure 7: Full-time undergraduate student enrolments, by subject area, UK, 2011/12 and 2012/13
Average graduate earnings
Figure 8: Average annual pay for graduates with undergraduate degrees, by main subject of undergraduate degree, UK, April-June 2013
University group and working status
Figure 9: Working status, by university group, April 2014
Current living situation
Figure 10: Current living situation, by gender and age, April 2014

The Consumer – Reasons for Going to University

Key points
Graduate premium continues to fall
Figure 11: Reasons for going to university, April 2014
Student priorities vary by gender
Figure 12: Reasons for going to university, by gender and age, April 2014

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The Consumer – Student Spending Habits

Key points
Majority of students manage to get by financially
Figure 13: Current financial situation, April 2014
Students living with mum and dad feel more financially secure
Figure 14: Current financial situation, by current living situation, April 2014
Nearly two thirds of monthly income is spent on necessities
Figure 15: Monthly term time expenditure (mean spend), April 2014
Cost of living an important driver of student satisfaction
Figure 16: Monthly term time expenditure on rent and bills (excluding mobile phone), savings and mobile phone, by university region, April 2014
Spending priorities vary by gender
Figure 17: Monthly term time expenditure, by gender and age, April 2014
Juggling work and studies to keep afloat
Figure 18: Monthly term time expenditure, by working status, April 2014
Stay-at-home students save more than twice on rent compared with others
Figure 19: Monthly term time expenditure, by current living situation, April 2014

The Consumer – The Student Experience

Key points
Student concerns evolve with age
Figure 20: Student concerns, April 2014
Helping students deal with stresses of university life
Figure 21: Student concerns, by gender and age, April 2014
Money may not buy happiness
Figure 22: Student concerns, by current financial situation, April 2014
Fledgling couples could benefit from financial advice
Figure 23: Student concerns, by current living situation, April 2014

The Consumer – Students’ Cooking and Eating Habits

Key points
Growing awareness about healthy eating
Lack of time encourages unhealthy snacking
Figure 24: Cooking and eating habits, April 2014
Figure 25: Example of a ‘Farmer’s Fridge’ vending machine, May 2014
Females have a sweeter tooth compared with males
Figure 26: Cooking and eating habits, by gender and age, April 2014
Figure 27: Fruit Loaded Chunky Granola, May 2014
Students develop healthier eating habits after leaving parental home
Figure 28: Cooking and eating habits, by current living situation, April 2014

The Consumer – Postgraduate Plans

Key points
Getting on the career ladder is priority number one
Figure 29: Plans after graduation, April 2014
Desire to get a second degree grows weaker with age
Figure 30: Plans after graduation, by gender and age, April 2014
Nearly a quarter of students in their third year or beyond are uncertain about where they will live after graduation
Figure 31: Living plans after graduation, April 2014
Almost three in 10 females aged 18-20 will move back with parents after graduation
Figure 32: Living plans after graduation, by gender and age, April 2014

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