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A Stony School in Penang

Discussion in 'Teaching abroad' started by jayjay johns, Jul 25, 2019.

  1. jayjay johns

    jayjay johns New commenter

    It seems there is a new school opening in Penang it is going to be a sister school for the 500 year old UK Stony school located in Clitheroe. They were advertising in the TES for a Principal a while ago. Word on the street in KL is that the school will be paying as well as the wonderland school in KL.

    Does anyone have any information on when it is opening and the salary scales?
     
  2. february31st

    february31st Established commenter

    The "money men" who own the franchise will be offering the bare minimum to attract, this will be a profit before education establishment !
     
    grdwdgrrrl likes this.
  3. grdwdgrrrl

    grdwdgrrrl Occasional commenter

    A lot of new schools opening on that little island. Maybe the IS teacher salaries will improve with all the competition.
     
  4. february31st

    february31st Established commenter

    More competition = less profit = lower salaries for teachers!
     
  5. grdwdgrrrl

    grdwdgrrrl Occasional commenter

    It was pretty dire before.
     
  6. february31st

    february31st Established commenter

    I am wondering which one of these new schools is going to go bankrupt first? I am seeing a lot of the same rent-a-names opening up here in Asia and there is not the number of students to fill all the desks, or even enough teachers to stand at the chalk face.

    The money for these new schools is coming from the Private Pockets of Asian "Businessmen/women" who will want a healthy profit or heads will roll! This is what happened to a school in Tianjin, the number of students didn't match the Business plan.
     
  7. jayjay johns

    jayjay johns New commenter

    Yes , will be interesting to see how it pans out. Penang is a small island to support this many schools. The new school seems to be the same group that set up the Saintly schools in Singapore and KL which have pretty good reputations. A couple of the older schools on the island have been coasting for a while, so they may have to up their game.
     
    grdwdgrrrl likes this.
  8. february31st

    february31st Established commenter

    Just because schools share the same name in SG and KL doesn't mean they have the same owners!
     
  9. makhnovite

    makhnovite Established commenter

    To paraphrase the febster, 'just because the schools share the same name doesn't mean shh1111t!'

    It will also depend on the quality of the leadership team, and more schools means a diluted pool of talent in leadership!!! As the growth in the last 10 years clearly shows.
     
  10. february31st

    february31st Established commenter

    I can only imagine that these new international schools opening up can survive as an industrial washing machine for a cash rich businessman/woman. What is the MRR on a 100 Million Dollar investment in a international school?
     
  11. grdwdgrrrl

    grdwdgrrrl Occasional commenter

    Boarding
    Penang is one desired place for parents who want (or need) to board their children. This includes parents that work in remote locations around SE Asia in the oil business, for example. Also, many parents looking for alternatives to their home country education like Japan, Korea and China send their children outside for education. Up the hill school spent about 40 million pounds on a new boarding facility. This was in anticipation, among other things, on the influx of students from China.
    Currently and when we lived there, there were dozens (probably much more) of children that I personally knew of, that were in home stay situations in Penang. These children came from Thailand (the southern part), Korea, Japan and China. The tuition fees are much lower than home country international schools. The area is safer and smaller. It’s quite a cozy community in many ways. Of course there have been many problems with home staying. Some of the providers were not very responsible and at least one child I knew of personally was killed when he was out and about at 4am without supervision. So, boarding is a big draw.
     
  12. february31st

    february31st Established commenter

    If you take 8% as the minimum rate of return on a 40 million pound investment you need to make a return of 3.2 million pounds just to keep the books in the black.

    The situation now with Chinese students is once they leave the state education system, they leave for good including university entrance. So still not that many Chinese parents can afford to pay 35000 GBP/year tuition and university fees and moving money outside of China is not as easy as it use to be.
     
  13. grdwdgrrrl

    grdwdgrrrl Occasional commenter

    The schools in Penang are dirt cheap then. We were in China for 12 years. Know all about that stuff. The Chinese are escaping......slowly but shirley.
     
  14. rouxx

    rouxx Lead commenter

    Don’t call me Shirley (sorry couldn’t resist)
     
  15. grdwdgrrrl

    grdwdgrrrl Occasional commenter

    You got it! ;-0
     

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