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boundary="y8EZLXw7ScuU=_?:" This is a multi-part message in MIME format. --y8EZLXw7ScuU=_?: Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: 8bit The Economist https://click.e.economist.com/?qs=33215977c6f5c9254fa9c4a2eeb726cf29a5073224337c8f4148242e23622d3df28be33b2eed9078754ec20284b1c8f6698a87d5ae474e2c262320ea98b7b21c https://view.e.economist.com/?qs=44d512f1da1167f69a3ea15e31770026fc69a3a741f54bde2b851e4dddba2c3116aca62521b9a8341c48cfac32843c2c4ce48e60367944054041139067cb503e8778aca3163adf6727be84bd3949ae84 Read in browser February 8th 2025 The Economist this weekend A special edition on higher education https://click.e.economist.com/?qs=33215977c6f5c925b29a9c3c9d16770dcd07383cac0423cd21ace3613b01036e3ccb4885ac41728957ac08b04f7f08890e60b88a6e982e95fa514116a9c072bc https://click.e.economist.com/?qs=33215977c6f5c925d10eb7bd47c185b020483692557a2d6246e8bd05e7b796c0af1c5c719cb522cead3fd9176d15dbc52ea2e13a22c11715c4127fe59d895739 Illustration: Travis Constantine Mark Johnson Education correspondent For people who want to reach the top, a master’s degree, once a leg up, now looks like a bare minimum. In America, about 40% of graduates hold a second degree of some sort. Britain’s universities hand out four advanced degrees for every five undergraduate ones. Yet there are growing reasons to question whether this educational “arms race” is very bright. Data suggest that a staggering number of master’s courses offer students no financial return at all. Lately researchers have been getting better at figuring out how far master’s degrees boost earnings, across a wide range of disciplines. Their findings, https://click.e.economist.com/?qs=33215977c6f5c925d10eb7bd47c185b020483692557a2d6246e8bd05e7b796c0af1c5c719cb522cead3fd9176d15dbc52ea2e13a22c11715c4127fe59d895739 detailed in our story , should shame many universities. But for clever young things, the results are also reassuring. It is perfectly possible to join the elites without handing graduate colleges a king’s ransom. Start your free trial today Get digital access to independent global analysis https://click.e.economist.com/?qs=661494694146cb3cd6f8b10663cabb81380802ca85fb677c5fce6c22fe61974bce4c8ecbb2838044a4df21385641985725b93685a2a78e1f9f3a1e70f0b6cd7e Subscribe Editor’s picks A selection of must-read articles https://click.e.economist.com/?qs=33215977c6f5c9254d9265d730fdb8c5c06a744d86958a390111242cfa8232855a5388273b36a6c23fe90d7f8f44f5c0fed99c4e705064415e50d85224289ea1 https://click.e.economist.com/?qs=33215977c6f5c9254d9265d730fdb8c5c06a744d86958a390111242cfa8232855a5388273b36a6c23fe90d7f8f44f5c0fed99c4e705064415e50d85224289ea1 University in America and Britain https://click.e.economist.com/?qs=33215977c6f5c9254d9265d730fdb8c5c06a744d86958a390111242cfa8232855a5388273b36a6c23fe90d7f8f44f5c0fed99c4e705064415e50d85224289ea1 Is your master’s degree useless? https://click.e.economist.com/?qs=33215977c6f5c9254d9265d730fdb8c5c06a744d86958a390111242cfa8232855a5388273b36a6c23fe90d7f8f44f5c0fed99c4e705064415e50d85224289ea1 New data show a shockingly high proportion of courses are a waste of money Related → https://click.e.economist.com/?qs=33215977c6f5c9253578b4458b1f036309480031839143cce3c24ef0e5ac0102679d407a8d7dab07c8ffb5e74de692c34f74d21ecfbf095f9776dc6c5b94acf1 Too many master’s courses are expensive and flaky https://click.e.economist.com/?qs=33215977c6f5c925ffabea3f7577fc1c039e6c74878f1b29b96c0f931b44dc2df3a2f698eb3ac35c39d5450adeee232635c803c69ac23fd554d3a5d400bc49ed https://click.e.economist.com/?qs=33215977c6f5c925ffabea3f7577fc1c039e6c74878f1b29b96c0f931b44dc2df3a2f698eb3ac35c39d5450adeee232635c803c69ac23fd554d3a5d400bc49ed School’s out https://click.e.economist.com/?qs=33215977c6f5c925ffabea3f7577fc1c039e6c74878f1b29b96c0f931b44dc2df3a2f698eb3ac35c39d5450adeee232635c803c69ac23fd554d3a5d400bc49ed Why elite MBA graduates are struggling to find jobs https://click.e.economist.com/?qs=33215977c6f5c925ffabea3f7577fc1c039e6c74878f1b29b96c0f931b44dc2df3a2f698eb3ac35c39d5450adeee232635c803c69ac23fd554d3a5d400bc49ed Is a degree still worth it? https://click.e.economist.com/?qs=33215977c6f5c9252d3dafb78bc31c58221a8f91df8402c0052765d5d88e3ec1a9f557071c2ccb4c62690a0a944531e2c3df9afc0cf74d6e9eaac9bb972359a7 https://click.e.economist.com/?qs=33215977c6f5c9252d3dafb78bc31c58221a8f91df8402c0052765d5d88e3ec1a9f557071c2ccb4c62690a0a944531e2c3df9afc0cf74d6e9eaac9bb972359a7 Poisoned Ivy https://click.e.economist.com/?qs=33215977c6f5c9252d3dafb78bc31c58221a8f91df8402c0052765d5d88e3ec1a9f557071c2ccb4c62690a0a944531e2c3df9afc0cf74d6e9eaac9bb972359a7 America’s elite universities are bloated, complacent and illiberal https://click.e.economist.com/?qs=33215977c6f5c9252d3dafb78bc31c58221a8f91df8402c0052765d5d88e3ec1a9f557071c2ccb4c62690a0a944531e2c3df9afc0cf74d6e9eaac9bb972359a7 To keep its competitive edge the Ivy League will have to change https://click.e.economist.com/?qs=33215977c6f5c92504ce861679d1edd49997cdbe3f066a4de4daac97688fb66ca2cd2dfeafd2129f972f731dd6e4ab0040aa31acced73d2be62d3e22c0a75a3e https://click.e.economist.com/?qs=33215977c6f5c92504ce861679d1edd49997cdbe3f066a4de4daac97688fb66ca2cd2dfeafd2129f972f731dd6e4ab0040aa31acced73d2be62d3e22c0a75a3e Free exchange https://click.e.economist.com/?qs=33215977c6f5c92504ce861679d1edd49997cdbe3f066a4de4daac97688fb66ca2cd2dfeafd2129f972f731dd6e4ab0040aa31acced73d2be62d3e22c0a75a3e Universities are failing to boost economic growth https://click.e.economist.com/?qs=33215977c6f5c92504ce861679d1edd49997cdbe3f066a4de4daac97688fb66ca2cd2dfeafd2129f972f731dd6e4ab0040aa31acced73d2be62d3e22c0a75a3e Too often they generate ideas that no one knows how to use https://click.e.economist.com/?qs=33215977c6f5c9255216ead5c3ffbf2ce7f2d7cbd1f0164ef0b45245208b4184ae1a42a428a339274a7a76f330b872d3c98d937781309a7b074c829aa37c2461 https://click.e.economist.com/?qs=33215977c6f5c9255216ead5c3ffbf2ce7f2d7cbd1f0164ef0b45245208b4184ae1a42a428a339274a7a76f330b872d3c98d937781309a7b074c829aa37c2461 Grads and grind https://click.e.economist.com/?qs=33215977c6f5c9255216ead5c3ffbf2ce7f2d7cbd1f0164ef0b45245208b4184ae1a42a428a339274a7a76f330b872d3c98d937781309a7b074c829aa37c2461 The broken business model of British universities https://click.e.economist.com/?qs=33215977c6f5c9255216ead5c3ffbf2ce7f2d7cbd1f0164ef0b45245208b4184ae1a42a428a339274a7a76f330b872d3c98d937781309a7b074c829aa37c2461 Frozen fees + fewer foreigners = big trouble https://click.e.economist.com/?qs=33215977c6f5c9250b45ec540b407b5cfef735b023752995ab5a1de97d7475bc433f254239867ea623bf6606af70f081aa6640981bc73eab5fa9d0b6bb0b08b3 Also from The Economist https://click.e.economist.com/?qs=33215977c6f5c9258a2468f17df012a80e63f576e1c22555a928550becc93ec1dd3d2e3f73b55fe403bfe824937045d4673c6a7aa250db21f2af9940ac2c9936 https://click.e.economist.com/?qs=33215977c6f5c9258a2468f17df012a80e63f576e1c22555a928550becc93ec1dd3d2e3f73b55fe403bfe824937045d4673c6a7aa250db21f2af9940ac2c9936 Free to receive https://click.e.economist.com/?qs=33215977c6f5c9258a2468f17df012a80e63f576e1c22555a928550becc93ec1dd3d2e3f73b55fe403bfe824937045d4673c6a7aa250db21f2af9940ac2c9936 The broken business model of British universities https://click.e.economist.com/?qs=33215977c6f5c9258a2468f17df012a80e63f576e1c22555a928550becc93ec1dd3d2e3f73b55fe403bfe824937045d4673c6a7aa250db21f2af9940ac2c9936 Our weekly newsletter helps you understand a vast and complicated country that will increasingly shape the future. 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} } </style> </head> <!-- / Header styling --> <body id="body" bgcolor="#f2f2f2" style="width:100% !important; margin:0 auto; padding:0; background-color:#f2f2f2;"><style type="text/css"> div.preheader { display: none !important; } </style> <div class="preheader" style="font-size: 1px; display: none !important;">Also: Why elite MBA graduates are struggling to find jobs</div> <div style="display:none;"> <img src="https://click.e.economist.com/open.aspx?ffcb10-fe9916707364017475-fe2315777162017e7c1479-fe8d13727c650c7976-ff6415717c-fe2e167076630075751479-ff061671756501&d=70240&bmt=0" width="1" height="1" alt=""> </div> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!--[if !mso]><!--> <div style="max-height:0; overflow:hidden; mso-hide:all;" aria-hidden="true"> </div> <!--<![endif]--></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; 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margin:0 auto; background-color:#ffffff;"> <!-- Header --> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"> <table width="100%" align="center" bgcolor="#ffffff" cellspacing="0" cellpadding="0" border="0" role="presentation" style="max-width:600px;"> <tr> <td class="pt24-pb32" valign="top" style="padding:16px 16px 24px 16px;"> <table width="100%" cellspacing="0" cellpadding="0" border="0" role="presentation"> <tr> <td width="128" align="left" valign="middle" style="vertical-align:middle; padding:0 16px 0 0;"> <a href="https://click.e.economist.com/u/?qs=661494694146cb3ca881ea44675117924efd0b0bd5b6f90a2866eccc366f03dabf2cf3d83eca63d51dc5ce29114f9f7ddc55c55361e4cb5a81e393766abc9854" target="_blank"> <img src="https://image.e.economist.com/lib/fe8d13727c650c7976/m/1/d2979654-fae4-451b-bdca-c79bb5522f6b.png" width="128" height="64" alt="The Economist" border="0" style="display:block; 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font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:11px; color:#121212; line-height:19px; text-align:left; text-transform: uppercase; border-top:1px solid #121212;" valign="top"> <p style="margin:0;"> February 8th 2025</p> </td> </tr> </table> </td> </tr> </table> <!-- //DATE --> <!-- Header Logo --> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"></td></tr></table> <!-- / Header Logo --> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td align="center" style="font-size:0; padding:0 0 20px 0;" valign="top"> <!--[if (gte mso 9)|(IE)]> <td valign="top" style="width: 236px;"> <![endif]--><div class="fluid" style="display: inline-block; width: 100%; min-width: 100%; max-width: 120px; letter-spacing: normal; vertical-align: top;"> <table align="right" border="0" cellpadding="0" cellspacing="0" class="fluid" role="presentation" width="100%"> <tr> <td align="center" style="padding: 1px 0px 1px 0px" valign="middle"> <img alt="The Economist this weekend" data-assetid="152069" height="80" src="https://image.e.economist.com/lib/fe8d13727c650c7976/m/4/702782ff-ecfc-4819-9d4a-e94ab0b1fed3.png" style="display: block; padding: 0px; height: 80px; width: 80px; text-align: center; border: 0px none transparent;" width="80"></td></tr></table></div><!--[if (gte mso 9)|(IE)]> <td valign="top" align="left" style="width:1460px;"> <![endif]--><div class="fluid" style=" display: inline-block; width: 100%; min-width: 100%; max-width: 480px; vertical-align: top; "> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pr16" height="44" style="vertical-align: middle; padding: 0px 16px 0px 0px" valign="middle"> <h1 class="txtl txt36 serifLF" style="margin: 0px 0px; font-family: EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size: 32px; color: rgb(18, 18, 18); line-height: 38px; letter-spacing: normal; font-weight: 500 !important; text-align: center;"> The Economist this weekend</h1></td></tr><tr> <td class="pr16" height="28" style="vertical-align: middle; padding: 0px 16px 0px 0px" valign="middle"> <p class="txtl" style="margin: 0px; font-size: 20px; color: rgb(18, 18, 18); line-height: 1.4; font-weight: 400 !important; text-align: center;"> A special edition on higher education</p></td></tr></table></div><!--[if (gte mso 9)|(IE)]> </td> <![endif]--></td></tr></table><!--Divider--><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 8px 0px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td align="center" style="padding:0 8px 8px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:1px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td></tr></table></td></tr></table><!--// Divider--></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"> <table cellspacing="0" cellpadding="0" border="0" align="center"> <tr> <td style="padding: 0 16px 0 16px;" valign="top" align="center"> <a href="https://click.e.economist.com/u/?qs=33215977c6f5c92530ea1065a75d073bb4d8949efd5e173e63dc5acbab85d8c2ad370be5cebd96f61c693e8bc65114129a7392b9f160a5f4cc0ac7a2d4161648" > <img style="display: block; width: 100%; max-width: 600px; height: auto; border: none; padding: 0px; text-align: center;" src="https://pas.economist.com/view/2/51871/57851417e462c4aaa382616de415f6a6/2060590?ad_region=Africa&ad_country=Nigeria&send_date=08/02/2025&segment=4-NG" width="600"> </a> <img width="1" height="1" style="display: none;" alt="timer" src="https://pas.economist.com/t/2/51871/0033z00002rl1PoAAI/2060590?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=08/02/2025&segment=4-NG"> <img width="1" height="1" style="display: none;" alt="trk_px" src="https://pas.economist.com/extt/2/51871/0033z00002rl1PoAAI/2060590?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=08/02/2025&segment=4-NG"> </td> </tr> </table></td></tr></table> </td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- FULL-WIDTH IMAGE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td align="center" style="padding:0 0 0 0;" valign="top"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=33215977c6f5c92546aba7b4208b5901862b8f4049c62084966a6737899754bf6be8cb623c5b8e829784bb120b3b9f11f950dbaa06dc9af6506973ca0d95ffde" title=""><img alt="" data-assetid="360609" src="https://image.e.economist.com/lib/fe8d13727c650c7976/m/1/e3b37bee-b663-48a5-84d0-a44cc176aa13.png" style="display: block; width: 100%; max-width: 568px; height: auto; padding: 0px; text-align: center; border: none;" width="568"></a></td></tr></table></td></tr></table><!-- //FULL-WIDTH IMAGE --></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td class="ph12" style="padding:0 16px 0 16px; " valign="top"> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td class="econsans" style="padding:0 0 12px 0;" valign="top"> <span style="color: rgb(51, 51, 51); font-family: EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size: 11.2373px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 0.3px; orphans: 2; text-align: start; text-indent: 0px; text-transform: uppercase; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Illustration: Travis Constantine</span></td></tr></table></td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- ARTICLES (3) --> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 8px 0px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td align="center" style="padding:0 8px 24px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:1px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td></tr></table></td></tr></table><!-- //ARTICLES (3) --></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- BYLINE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td align="left" style="padding:0 16px 16px 16px;" valign="top"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation"> <tr> <td style="vertical-align:middle; padding:0 16px 0 0;" valign="middle" width="67"> <img alt="" data-assetid="360670" src="https://image.e.economist.com/lib/fe8d13727c650c7976/m/1/b743b882-a176-487e-892b-cb4931488e64.jpg" style="border-radius: 50%; display: block; padding: 0px; height: auto; width: 100%; text-align: center; border: 0px none transparent;" width="67"></td><td class="serifLF" style="vertical-align:middle; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="middle"> <p style="margin:0;"> <b>Mark Johnson</b><br> Education correspondent</p></td></tr></table></td></tr></table><!-- //BYLINE --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 56px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="article-text" style="padding:0 0 1px 0; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <p class="article-text" style="margin:0;"> For people who want to reach the top, a master’s degree, once a leg up, now looks like a bare minimum. In America, about 40% of graduates hold a second degree of some sort. Britain’s universities hand out four advanced degrees for every five undergraduate ones. Yet there are growing reasons to question whether this educational “arms race” is very bright. Data suggest that a staggering number of master’s courses offer students no financial return at all.<br> <br> Lately researchers have been getting better at figuring out how far master’s degrees boost earnings, across a wide range of disciplines. Their findings, <a data-linkto="https://" href="https://click.e.economist.com/?qs=33215977c6f5c9251150c8da49a9c3d4e4772285f1f418df0864f6fa90d6b117b7dcf75370596f0949f7ca4229957f0a9608faab385eb75d0b83a997e347fc0f" style="text-decoration:none;" title="detailed in our story">detailed in our story</a>, should shame many universities. But for clever young things, the results are also reassuring. It is perfectly possible to join the elites without handing graduate colleges a king’s ransom.</p></td></tr></table></td></tr></table><!-- //FULL-WIDTH CONTENT --></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!----></td></tr></table> <!-- MAIN TITLE + CONTENT --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td bgcolor="#1f2e7a" class="ph32" style="padding:32px 16px 32px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td align="center" style="padding:0 0 8px 0;" valign="top"> </td></tr><tr> <td style="padding:0 0 6px 0;" valign="top"> <h1 class="headerCta23" style="margin:0; font-family:Charter,'Bitstream Charter','Iowan Old Style','Calisto MT',Georgia,serif; font-size:26px; font-weight:500; color:#ffffff; line-height:31px; text-align:center; mso-line-height-rule:exactly;"> Start your free trial today</h1></td></tr><tr> <td style="padding:0 0 20px 0; font-family:Charter,'Bitstream Charter','Iowan Old Style','Calisto MT',Georgia,serif; font-size:18px; color:#ffffff; line-height:25px; text-align:center;" valign="top"> <p style="margin:0;"> Get digital access to independent global analysis</p></td></tr><tr> <td align="center" valign="top"> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:initial !important; border:2px solid #ffffff; border-radius:32px;"> <tr> </tr><tr> <td class="econsans phCta" style="padding:4px 16px 4px 16px; font-family: apple-system,BlinkMacSystemFont,'Segoe UI',Helvetica,Arial,sans-serif; font-size:16px; font-weight:500 !important; color:#141F52; line-height:22px; 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font-size:0; text-align:center;" valign="top"> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <td width="292" align="left" valign="top" style="width:292px;"> <![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8-12" style="padding:0 8px 12px 8px;" valign="top"> <a href="https://click.e.economist.com/?qs=661494694146cb3c1b374bd7ec22e40e0872ae4e7b0c71eaec2b396d8bc1754f330204e4b51f386664def960e406c816c09d4431808f08b3eb4415b755eba6aa" target="_blank"><img alt="" border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20241123_IRP001.jpg" style="display:block; width:100%; min-width:100%; max-width:276px; height:auto; border:none;" width="276"> </a> </td> </tr> </table> </div> <!--[if mso]></td><td width="292" align="right" valign="top" style="width:292px;"><![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="right" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="econsans" style="padding:0 8px 4px 8px; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:16px; text-align:left;" valign="top"> <p style="margin:0; "> <a href="https://click.e.economist.com/?qs=661494694146cb3c1b374bd7ec22e40e0872ae4e7b0c71eaec2b396d8bc1754f330204e4b51f386664def960e406c816c09d4431808f08b3eb4415b755eba6aa" style="color:#e3120b; text-decoration:none;" target="_blank">University in America and Britain </a> </p> </td> </tr> <tr> <td class="h2 serifLF" style="padding:0 8px 8px 8px; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=661494694146cb3c1b374bd7ec22e40e0872ae4e7b0c71eaec2b396d8bc1754f330204e4b51f386664def960e406c816c09d4431808f08b3eb4415b755eba6aa" style="color:#121212; text-decoration:none;" target="_blank">Is your master’s degree useless? </a> </p> </td> </tr> <tr> <td style="padding:0 8px 8px 8px; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=661494694146cb3c1b374bd7ec22e40e0872ae4e7b0c71eaec2b396d8bc1754f330204e4b51f386664def960e406c816c09d4431808f08b3eb4415b755eba6aa" style="color:#121212; text-decoration:none;" target="_blank">New data show a shockingly high proportion of courses are a waste of money</a> </p> </td> </tr> </table> </div> <!--[if mso]> </td> </tr> </table> <![endif]--> </td> </tr> <tr> </tr> <tr> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> [if mso]> </td> </tr> </table> <![endif]--> </tr> <tr> <td align="center" style="padding:0 8px 2px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:1px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td> </tr> </table> </td> </tr> </table> <!-- //ARTICLES (3) --><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- RELATED ARTICLE HEADING --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:4px 0 0 0;" valign="top"> <h2 class="econsans" style="margin:0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:18px; font-weight:bold; color:#121212; line-height:25px; text-align:left; mso-line-height-rule:exactly;"> <b>Related </b></h2></td></tr></table></td></tr></table><!-- //RELATED ARTICLE HEADING --><!-- RELATED ARTICLES --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td class="pb56" style="padding:0 16px 56px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="serifLF" style="padding:0 0 10px 0; 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width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8-12" style="padding:0 8px 12px 8px;" valign="top"> <a href="https://click.e.economist.com/?qs=661494694146cb3c4bfe16356ab7b7281b64f975481b23eb05eea60fafcb0f6c540cf7e94cba5a217fe19513094d0120c9d7583f285809a902b6332fde5b5157" target="_blank"><img alt="Some hands reaching out from a student graduation hat" border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20250118_WBD010.jpg" style="display:block; width:100%; min-width:100%; max-width:276px; height:auto; border:none;" width="276"> </a> </td> </tr> </table> </div> <!--[if mso]></td><td width="292" align="right" valign="top" style="width:292px;"><![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="right" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="econsans" style="padding:0 8px 4px 8px; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:16px; text-align:left;" valign="top"> <p style="margin:0; "> <a href="https://click.e.economist.com/?qs=661494694146cb3c4bfe16356ab7b7281b64f975481b23eb05eea60fafcb0f6c540cf7e94cba5a217fe19513094d0120c9d7583f285809a902b6332fde5b5157" style="color:#e3120b; text-decoration:none;" target="_blank">School’s out </a> </p> </td> </tr> <tr> <td class="h2 serifLF" style="padding:0 8px 8px 8px; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=661494694146cb3c4bfe16356ab7b7281b64f975481b23eb05eea60fafcb0f6c540cf7e94cba5a217fe19513094d0120c9d7583f285809a902b6332fde5b5157" style="color:#121212; text-decoration:none;" target="_blank">Why elite MBA graduates are struggling to find jobs </a> </p> </td> </tr> <tr> <td style="padding:0 8px 8px 8px; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=661494694146cb3c4bfe16356ab7b7281b64f975481b23eb05eea60fafcb0f6c540cf7e94cba5a217fe19513094d0120c9d7583f285809a902b6332fde5b5157" style="color:#121212; text-decoration:none;" target="_blank">Is a degree still worth it? </a> </p> </td> </tr> </table> </div> <!--[if mso]> </td> </tr> </table> <![endif]--> </td> </tr> <tr> </tr> <tr> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> [if mso]> </td> </tr> </table> <![endif]--> </tr> <tr> <td align="center" style="padding:0 8px 2px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:1px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td> </tr> </table> </td> </tr> </table> <!-- //ARTICLES (3) --> <!-- ARTICLES (3) --> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0px 8px 16px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8" style="padding:0 0 16px 0; font-size:0; text-align:center;" valign="top"> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <td width="292" align="left" valign="top" style="width:292px;"> <![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8-12" style="padding:0 8px 12px 8px;" valign="top"> <a href="https://click.e.economist.com/?qs=661494694146cb3c0498060c6c9e06b5c8bad0b7fa8e7d1d18bb37690c2fba1fa569f1b6a275bd353f0acb12add9f0a14f2dc7e298c3e4f5383b712dd3d5707c" target="_blank"><img alt="An illustration of a mortarboard with ivy growing over it that is half withered and brown." border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20240309_IRD001.jpg" style="display:block; width:100%; min-width:100%; max-width:276px; height:auto; border:none;" width="276"> </a> </td> </tr> </table> </div> <!--[if mso]></td><td width="292" align="right" valign="top" style="width:292px;"><![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="right" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="econsans" style="padding:0 8px 4px 8px; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:16px; text-align:left;" valign="top"> <p style="margin:0; "> <a href="https://click.e.economist.com/?qs=661494694146cb3c0498060c6c9e06b5c8bad0b7fa8e7d1d18bb37690c2fba1fa569f1b6a275bd353f0acb12add9f0a14f2dc7e298c3e4f5383b712dd3d5707c" style="color:#e3120b; text-decoration:none;" target="_blank">Poisoned Ivy </a> </p> </td> </tr> <tr> <td class="h2 serifLF" style="padding:0 8px 8px 8px; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=661494694146cb3c0498060c6c9e06b5c8bad0b7fa8e7d1d18bb37690c2fba1fa569f1b6a275bd353f0acb12add9f0a14f2dc7e298c3e4f5383b712dd3d5707c" style="color:#121212; text-decoration:none;" target="_blank">America’s elite universities are bloated, complacent and illiberal </a> </p> </td> </tr> <tr> <td style="padding:0 8px 8px 8px; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=661494694146cb3c0498060c6c9e06b5c8bad0b7fa8e7d1d18bb37690c2fba1fa569f1b6a275bd353f0acb12add9f0a14f2dc7e298c3e4f5383b712dd3d5707c" style="color:#121212; text-decoration:none;" target="_blank">To keep its competitive edge the Ivy League will have to change</a> </p> </td> </tr> </table> </div> <!--[if mso]> </td> </tr> </table> <![endif]--> </td> </tr> <tr> </tr> <tr> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> [if mso]> </td> </tr> </table> <![endif]--> </tr> <tr> <td align="center" style="padding:0 8px 2px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:1px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td> </tr> </table> </td> </tr> </table> <!-- //ARTICLES (3) --> <!-- ARTICLES (3) --> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0px 8px 16px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8" style="padding:0 0 16px 0; font-size:0; text-align:center;" valign="top"> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <td width="292" align="left" valign="top" style="width:292px;"> <![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8-12" style="padding:0 8px 12px 8px;" valign="top"> <a href="https://click.e.economist.com/?qs=661494694146cb3c48177a1bd1e85b473bbd1a5d161627198d7ef99846801bd39b6f3d5b08071a0fc7afd3c48cbc4b9f7456a7d6fd31b0e1456308b320694261" target="_blank"><img alt="Illustration of a mortarboard about to fall into some cogs" border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20240210_FND000.jpg" style="display:block; width:100%; min-width:100%; max-width:276px; height:auto; border:none;" width="276"> </a> </td> </tr> </table> </div> <!--[if mso]></td><td width="292" align="right" valign="top" style="width:292px;"><![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="right" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="econsans" style="padding:0 8px 4px 8px; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:16px; text-align:left;" valign="top"> <p style="margin:0; "> <a href="https://click.e.economist.com/?qs=661494694146cb3c48177a1bd1e85b473bbd1a5d161627198d7ef99846801bd39b6f3d5b08071a0fc7afd3c48cbc4b9f7456a7d6fd31b0e1456308b320694261" style="color:#e3120b; text-decoration:none;" target="_blank">Free exchange </a> </p> </td> </tr> <tr> <td class="h2 serifLF" style="padding:0 8px 8px 8px; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=661494694146cb3c48177a1bd1e85b473bbd1a5d161627198d7ef99846801bd39b6f3d5b08071a0fc7afd3c48cbc4b9f7456a7d6fd31b0e1456308b320694261" style="color:#121212; text-decoration:none;" target="_blank">Universities are failing to boost economic growth </a> </p> </td> </tr> <tr> <td style="padding:0 8px 8px 8px; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=661494694146cb3c48177a1bd1e85b473bbd1a5d161627198d7ef99846801bd39b6f3d5b08071a0fc7afd3c48cbc4b9f7456a7d6fd31b0e1456308b320694261" style="color:#121212; text-decoration:none;" target="_blank">Too often they generate ideas that no one knows how to use</a> </p> </td> </tr> </table> </div> <!--[if mso]> </td> </tr> </table> <![endif]--> </td> </tr> <tr> </tr> <tr> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> [if mso]> </td> </tr> </table> <![endif]--> </tr> <tr> <td align="center" style="padding:0 8px 2px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:1px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td> </tr> </table> </td> </tr> </table> <!-- //ARTICLES (3) --> <!-- ARTICLES (3) --> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0px 8px 16px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8" style="padding:0 0 16px 0; font-size:0; text-align:center;" valign="top"> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <td width="292" align="left" valign="top" style="width:292px;"> <![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="left" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8-12" style="padding:0 8px 12px 8px;" valign="top"> <a href="https://click.e.economist.com/?qs=661494694146cb3cec668ae274a79241bdc90a2273fdc5d041a5a3305327bcafa95c9f3700b35064350d83063ce49e67ea1f8592b997a188e7af94ad23bd5a60" target="_blank"><img alt="collage featuring a hand holding a graduation cap's tassel, a stack of books sits to the left, while coins scattered around hint at financial aspects like student debt. The background has bold red and blue shapes with graph-like lines." border="0" class="fluid" height="" src="https://www.economist.com/content-assets/images/20240921_BRD001.jpg" style="display:block; width:100%; min-width:100%; max-width:276px; height:auto; border:none;" width="276"> </a> </td> </tr> </table> </div> <!--[if mso]></td><td width="292" align="right" valign="top" style="width:292px;"><![endif]--> <div class="fluid" style="display:inline-block; width:100%; min-width:100%; max-width:292px; vertical-align:top;"> <table align="right" border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="econsans" style="padding:0 8px 4px 8px; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:16px; text-align:left;" valign="top"> <p style="margin:0; "> <a href="https://click.e.economist.com/?qs=661494694146cb3cec668ae274a79241bdc90a2273fdc5d041a5a3305327bcafa95c9f3700b35064350d83063ce49e67ea1f8592b997a188e7af94ad23bd5a60" style="color:#e3120b; text-decoration:none;" target="_blank">Grads and grind </a> </p> </td> </tr> <tr> <td class="h2 serifLF" style="padding:0 8px 8px 8px; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=661494694146cb3cec668ae274a79241bdc90a2273fdc5d041a5a3305327bcafa95c9f3700b35064350d83063ce49e67ea1f8592b997a188e7af94ad23bd5a60" style="color:#121212; text-decoration:none;" target="_blank">The broken business model of British universities </a> </p> </td> </tr> <tr> <td style="padding:0 8px 8px 8px; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <p style="margin:0;"> <a href="https://click.e.economist.com/?qs=661494694146cb3cec668ae274a79241bdc90a2273fdc5d041a5a3305327bcafa95c9f3700b35064350d83063ce49e67ea1f8592b997a188e7af94ad23bd5a60" style="color:#121212; text-decoration:none;" target="_blank">Frozen fees + fewer foreigners = big trouble</a> </p> </td> </tr> </table> </div> <!--[if mso]> </td> </tr> </table> <![endif]--> </td> </tr> <tr> </tr> <tr> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> [if mso]> </td> </tr> </table> <![endif]--> </tr> <tr> <td align="center" style="padding:0 8px 2px 8px;" valign="top"> <hr style="width:100%; max-width:568px; height:1px; margin:0; background-color:#d7d7d7; color:#d7d7d7; border-width:0;"> </td> </tr> </table> </td> </tr> </table> <!-- //ARTICLES (3) --> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"> <table cellspacing="0" cellpadding="0" border="0" align="center"> <tr> <td style="padding: 0 16px 0 16px;" valign="top" align="center"> <a href="https://click.e.economist.com/u/?qs=33215977c6f5c925760a7ce765d0ed4c8166a6e20c4bbd03b359c9fc12e9eedd60fc44e0a3362e1984dbac3f58ab24ddf680176dcf5972480817cb2b245c30bd" > <img style="display: block; width: 100%; max-width: 600px; height: auto; border: none; padding: 0px; text-align: center;" src="https://pas.economist.com/view/2/51872/57851417e462c4aaa382616de415f6a6/2060590?ad_region=Africa&ad_country=Nigeria&send_date=08/02/2025&segment=4-NG" width="600"> </a> <img width="1" height="1" style="display: none;" alt="timer" src="https://pas.economist.com/t/2/51872/0033z00002rl1PoAAI/2060590?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=08/02/2025&segment=4-NG"> <img width="1" height="1" style="display: none;" alt="trk_px" src="https://pas.economist.com/extt/2/51872/0033z00002rl1PoAAI/2060590?pid=1&ad_region=Africa&ad_country=Nigeria&send_date=08/02/2025&segment=4-NG"> </td> </tr> </table></td></tr></table><!-- ARTICLES (3) --> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 8px 16px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 0 0; 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font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#595959; line-height:23px; text-align:left; border-bottom:1px solid #d7d7d7;"> <p style="margin:0;"> Copyright © The Economist Newspaper Limited 2025. 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