Career & Education
Meet Singapore’s Millionaire Tutor
By Singapore Stocks Investing (SSI)  •  November 9, 2014
A main highlight in today’s The Sunday Times is the local tuition industry here. The tuition industry here is worth $1 billion dollars. When I read this figure, I am quite surprised as although I know the local tuition industry is quite booming with many parents sending their children for tuition, I do not know that the industry is worth so much. The number of tuition centres and enrichment centres is now 850, up from 800 in year 2013 and 700 in year 2012. A decade ago, the local tuition industry was worth $650 million dollars and then the figure climbed to $820 million dollars in year 2009. The monthly tuition fees parents spend went up from $54.90 on average to $79.90 today. An estimated 1.2 million households have engaged tutors compared to 933,000 households a decade ago. The tuition industry in Singapore has minted millionaires in ......
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By Singapore Stocks Investing (SSI)
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