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Purpose The purpose of this paper is to identify the features of higher education management in the context of global economic transformations. Design/methodology/approach A correlation-regression analysis of the functionality of the modern education system was carried out in the “personality-society-economy” triad by analyzing the impact of global indices such as Economic Quality Index, Personal Freedom Index and Social Capital Index on the resultant indicator, or the Education Index. Findings It was determined that the impact of economic factors on the level of education is rather low, and at the same time, this indicator largely depends on the indicator of the social capital. In this regard, the following social trends have been identified that need to be implemented for the successful education management: expanding the population education program, as well as providing lifelong education, ensuring equal access to quality education, strengthening the role of the state in ensuring equity in education, efficient and effective use of education costs, humanization and democratization of education, updating the content, forms, methods and means of training, enhancing the professional competence of teachers, transparency of education systems, the formation of state-public forms of education management. Originality/value In the framework of the proposed research, it was established the hypothesis that the modern education system is dependent on the relation between individual, society and the national economy.

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