Sri Lanka's higher education system is structured around universities and institutes, primarily governed by the University Grants Commission. Key institutions include the University of Colombo, known for its research in medicine and humanities, and the University of Peradeniya, renowned for its science and engineering programs. The academic job market offers opportunities, especially in public universities, though competition can be high. Salaries in academia are moderate, with additional benefits like housing and research grants often available to attract talent.