Education in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts. In its narrow, technical sense, education is the formal process by which society deliberately transmits its accumulated knowledge, skills, customs and values from one generation to another. Primary education occurs in schools and is the 5-7 years of formal, structured education.
Secondary education is the formal education that occurs during adolescence. Higher education or tertiary education also called post secondary education is one that follows the completion of a school providing a secondary education, such as a high school or secondary school. Tertiary education is normally taken to include undergraduate and postgraduate education, as well as vocational education and training. Colleges and universities are the main institutions that provide tertiary education. Collectively, these are sometimes known as tertiary institutions.
Tertiary education generally results in the receipt of certificates, diplomas, or academic degrees. Since the enactment of the Private Universities Act of 1992, Bangladesh has seen a tremendous growth in the number of private educational platforms over the recent years, mainly through the emergence of a large number of universities in the private sector. Yet, this growth also has a downside to it, as rapid expansion entails a risk of compromise on quality and expenses. However, the combined effect is a vibrant education sector with a healthy rivalry among the competing institutions.
Undoubtedly, the main beneficiary is the student community, which gains access to a wider platform of selection with the comparative cost advantage of domestic study over studying abroad. Thus, society and the nation are the ultimate gainers. Although the number of private universities in Bangladesh has risen to 54, little is known about the quality of education provided by such institutions. The aim of this study would be to find out the perceived quality of education in private universities in Bangladesh against the fees required to complete business education.