Saturday, May 13, 2006

Profit is not a dirty word...

For schools in Kuwait,
profit is not a dirty word after all...

Number of students in each class



35
Number of divisions for each class 7
Total number of classes 14
Quarterly fees per student 75
Annual fees collected 1,029,000
Teachers in school 150
Average salary per teacher 250
Annual salaries paid 450,000
Electricity 500
Other miscellaneous expenses 500
Total expenses 451,000
Profit 578,000

And a few days ago there was a lady whining about why people whine about the increasing fees...the school is offering us a community servive.

Well, then why don't they open their books for public audits?

This is based on my observation. Obviously the school also has other means of making money...
1. Text Books (which are sold at atleast ten times their original price, and shipping would not raise their cost so much, I know that for a fact)
2. Note Books (again sold at prices higher than those available in stationeries, and not to forget, the better quality that you can otherwise get)
3. Kickbacks...from teachers and students. I'll keep it to that only.

I think running a school ain't that bad after all !!!

Half a million dinars in a year. Not bad eh !!!

2 Comments:

  • And I'm pretty sure you're underestimating... they must make more than that.. way more. Most businesses won't even bother for half a million a year...

    By Blogger Tainted Female, at 3:49 pm  

  • I am grossly underestimating. The biggest underestimation is that I am assuming that there is 1 teacher for 22 students, which in reality might be something on the lines of 1 teacher for 40 - 50 students.

    Recently I read an article that stated that the Indian School in Bahrain has approximately 6300 students.

    It really is a very good business model. I had told my parents to open up a school here when we came back after the invasion in 1992.

    Damn !!!

    Would have made millions of dinars and bought out a contry. lol

    By Blogger Riddle Of The Sand, at 4:13 pm  

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