Study Abroad: Expense Or Investment?

Studying abroad is a long-term investment that students can benefit from in the long run. Not only does it open your eyes to new perspectives and a new world, but also gives you gratifying, intensive, and immersive learning possibilities. It allows students to study not just from textbooks, but also in an exciting new environment. Studying abroad provides students with the opportunity to learn with all of their senses, allowing them to return with a more well-rounded vision, education, and job options.

A study abroad programme also aids in the development of an independent lifestyle. An overseas education not only improves your language abilities but also allows you the opportunity to bring home the most valued skill set. It prepares you for what companies look for in a candidate, resulting in higher salaries and greater employment possibilities.

Students who study abroad have a well-known interest in continuing learning when they return home. Take a look at why studying abroad can be calculated as a profitable investment rather than an expense. Let us start with some of the most popular study abroad courses that can prove useful to you.

Is Studying Abroad Worth it?

Passion and aspirations have driven many students to go abroad for higher education. However, finances always loom large with education loans on the rise to fund the increasing cost of tuition fees in foreign universities and the living and other miscellaneous expenses there. In such a situation students often wonder whether or not studying abroad is worth it raising the evergreen question - is it an expense or an investment for the future?

The first and most crucial thing to do is select a university and a course that will yield a good return on investment. For this, ample research work needs to be done and alumni experiences must be checked. Students must be very careful while planning their study abroad budget and learn the ways to plan the study abroad process on a limited budget wisely.

It is important to note in detail the cost of attendance at institutions and familiarise themselves with the room rent and expenses for daily living. Once an approximation of the cost is received, students can move on to think about how to fund their studies abroad. There are several sources of arranging funds for studying abroad. Students can get scholarships from universities, organisations, and governments to sponsor a part or full tuition fee. Loans from banks and NBFCs can be another viable option. Once the funds are arranged, it is time for students to focus on academics so that they can get good returns on investment.

While talking about returns on investment, it is crucial to note that international students on a study permit are allowed to work part-time while studying in a foreign land given that they abide by the laws of the country and do not break the rules of their respective universities. If chosen wisely, a part-time job not only helps students to ease their living expenses but also provides them with hands-on experience in their respective fields.

Getting a job that is fulfilling, satisfactory, promotes growth, gives security, and promises a good disposable income is a final step in determining whether studying abroad is an expense or an investment. Before making a decision based on finances, it is essential to understand the benefits of studying abroad. With global demand for highly skilled graduates having increased, employers offer good packages to employees ensuring that returns to schooling are high. Therefore, international students must focus on nurturing marketable skills and can safely assume that with overseas education they can build a stable and secure future.

Once you have completed your graduation on bachelors, masters, or doctoral level, you can apply for a post-study work permit and stay back after studying abroad to seek employment within the country of study and ensure a better ROI. The challenging part here is to finalise a course of your interest that promises better returns on investment. Some such courses are MBBS, MBA, IT, Computer Science, Engineering, Arts, and Social Sciences. These courses can be divided into two categories, viz. STEM and STEAM for a better understanding. Discussed ahead are these courses in detail to help you decide whether studying each of them abroad is an expense or an investment.

Our study abroad expert team has assisted numerous Indian students to choose the best courses to study abroad. Almost every single one of them has been able to gain admission to their dream universities today.

Why Study STEM Courses Abroad?

STEM is quite popular in the worldwide school system, especially when you consider that STEM graduates are required for 75% of all occupations. As a result, prestigious colleges provide a wide range of courses in Science, Technology, Engineering, and Mathematics. However, it has been noticed that, on a worldwide scale, the majority of students do not continue to pursue their interest in science as they get older.

STEM education abroad provides students with a strong theoretical and practical basis via hands-on study in real-world projects and workshops. Furthermore, the industry exposure students will receive as part of this programme will give them the exact tools they will need to succeed in their tough employment.

A large percentage of graduates do not want to pursue a master's degree to complement their bachelor's degree. This lessens competition, even more, making it simpler for master's candidates to add to their academic credentials, making them more employable STEM workers.

Popular STEM Majors To Study Abroad

Every STEM major can be studied abroad! The following are some of the most popular STEM courses that Indian students choose to study abroad:

• Astronomy

• Biochemistry

• Biology

• Chemical Engineering

• Civil Engineering

• Computer Science

• Psychology

Also Read:

Why Study MBBS Abroad?

Many nations throughout the world are seen to be the perfect destinations for Indians to study MBBS abroad. Many of them have made significant investments in the educational system for research and development. As a result, medical education overseas is quite inexpensive.

Universities overseas, like universities in India, equip students with state-of-the-art facilities for a well-rounded academic experience. The institutions not only have world-class teachers, but they also provide internationally recognised degrees to students who want to make a name for themselves in the medical sector throughout the world. Universities and colleges overseas also give students the utmost safety and protection, allowing them to feel at ease in a distant environment.

When compared to private colleges in India, the cost of pursuing an MBBS abroad is comparably cheaper. Students are permitted to practice in the host nation after completing their course. This gives them the possibility to make a lot of money, resulting in a higher return on investment in the long term.

Many students are unable to follow their desire of studying MBBS in India due to a limited number of government medical college seats in India and excessive tuition rates at private colleges. International institutions, on the other hand, have been able to tap into this student population simply by keeping tuition costs cheap and high education standards.

Related Articles:

Why Study Engineering Abroad?

Studying engineering abroad is an excellent way to gain access to the finest engineering universities in the world where the programmes are not just restricted to academic knowledge. Rather it focuses on skill development and provides practical knowledge. Thus, it benefits students on both personal and professional levels.

Studying engineering abroad builds a stronger resume. It demonstrates that you are an all-rounded individual who can communicate effectively and adapt to change. It can truly put you ahead of your peers when it comes to securing your desired job in a highly competitive field like engineering. No matter where you study engineering abroad, you will undoubtedly be influenced by the professional advantages it has to offer.

One important thing to keep in mind is to ensure that the programme you study is recognised by the governing body in your home country. Degrees, for example, need to be recognised by the Council of Engineering in the UK to practise as a chartered engineer.

Why Study MBA Abroad?

An international MBA is a highly sought-after degree for a variety of reasons. One of the most important reasons for getting an MBA from a B-school outside of India is the average pay obtained, which is much greater than that of an MBA graduate from an Indian B-school.

If you graduate from a well-regarded international business school, you will almost certainly have a better chance of obtaining a senior management position. The majority of MBA graduates from other countries are either in senior/top management positions or in entrepreneurial roles. Whether you want to start a career in a new field or advance in your current one, an MBA from another country is unquestionably the best way to go.

An MBA student studying abroad has several options for networking. These types of students will be able to network with other students, professors, possible employers, and university alumni who have substantial expertise in their fields. This well-established business network will be immensely beneficial to your career by making you the first-hand recipient of all essential information.

An MBA education is typically sought after by young professionals with a few years of experience who are ready for the challenge of learning additional leadership abilities. Studying an MBA abroad allows you to push yourself outside of your comfort zone, allowing you to deal with the most recent business concerns. It motivates you to implement advanced business management strategies that you have acquired during the course.

Recommended Reads:

Why Study Computer Science & IT Abroad?

The application procedure for college abroad may appear to be costly and time-consuming at first, but your efforts will undoubtedly pay off in the end. This is true in many fields of study, but especially in computer science, which is linked to worldwide business.

It's no surprise that computer science is one of the most popular courses at colleges throughout the globe. The need for computer or data scientists has never been stronger, and there are plenty of job options after graduation as the world around us becomes increasingly computerised.

When you study computer science abroad, you will have access to a diverse choice of programmes offered by some of the world's most prestigious institutions and schools. It will also introduce you to a different culture and approach to the subject, which may help you get a better grasp of it.

Making the big decision to study computer science in a foreign country can also help you stand out when it comes to obtaining a job after graduation. It will demonstrate to companies that you can adjust to different situations and will provide you with a distinct worldwide viewpoint.

Relates Reads:

Why Study Social Sciences Abroad?

Anyone working for a social science degree should strongly consider studying abroad. Whether you are interested in anthropology, business, finance, or international relations, studying social science abroad will provide you with a deeper academic understanding. Simply going for a stroll or sampling a local dish will teach you about social science when studying abroad!

Sociology, psychology, criminology, law, international relations, and politics are all part of the broad discipline of social science. Individual and group behaviours, as well as their interactions with society, are at the heart of social science.

As a social science student, you have the option of specializing in a certain area or staying on a more broad track throughout your programme. Your education will assist you in making sense of today's reality in any case. You will examine inequality, social policy, power, and political philosophy using major studies and ideas to comprehend and explain a variety of real-life events and challenges.

Studying abroad will broaden your understanding of social science. Both a local cultural lens and a larger global viewpoint will be used to examine human civilization. You will see how various individuals and communities interact across the world depending on their historical and cultural settings.

Recommended Articles:

Why Study Journalism Abroad?

If you have had enough of reporting about your college's dismal news, travel overseas for plenty of new ideas. Without a doubt, journalism is a discipline that needs a great deal of practice and experience to progress and becomes a fully functional journalist. Studying a postgraduate journalism degree is vital for aspiring journalists since this will aid them in learning the ethical skills and tactics of this vast subject.

A master's degree in journalism is one of the popular study abroad courses. Top journalism schools teach students about the value of the media and its efficient techniques of communication, which have continued to make people throughout the world aware of current events. The journalism master's programmes are specially designed to guide learners toward a better knowledge of the roles and responsibilities of a journalist.

Students enrolled in master's in journalism programmes overseas will get knowledge of the skills and procedures used in the area of journalism.

Masters in Arts Journalism (MA Journalism) and Masters of Science in Journalism are two prominent post-graduate options in journalism (MSc Journalism). The greatest journalism schools may be found in the United States, the United Kingdom, Australia, and Canada.

Looking for effective consulting services to help you enrol in your dream university abroad? Check out how consultants work and find out the top consultants in your area:

To summarize, studying abroad is an experience you will never regret. Instead, it will turn out to be the finest move you have ever made. As it is better said, An Investment in Education Pays the Best Interest. When it comes to studying overseas, the challenges are manageable, the risks are modest, and the rewards are boundless. Studying abroad has the potential to transform your stakes into a lucrative return on investment.

Our study abroad counsellors have helped a great number of Indian students to get admission to top colleges in almost every field of courses to study abroad. For more information, drop us your query at abroad@collegedekho.com.