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The Benefits Of Studying Abroad

There was a time when if you graduated from a college course you were sure to land yourself with a prestigious job and a high Paying Salary. However today the current economic situation is has left many millennials wondering whether a college education is worth the time and money spent on it.

More particular for students from countries like India, the question also arises whether it is worth the while to jump on to the band wagon of Studying Abroad. These students see all their friends going abroad to study in the best universities across the world and ask themselves the question, whether it would be wiser for them to spend the extra bucks in obtaining a degree from a prestigious College Overseas or whether it would be wiser to stay back in India. We explore the question from various angles.

Costs vs Benefits Of Studying Abroad

Whenever a company takes a decision regarding a new investment it does a CBA analysis, also known as a cost-benefit analysis. It is important that you do a similar analysis when deciding on whether to study abroad or not.

The costs of studying abroad are Obvious and Tangible, such as the cost of tuitions, which are high when compared to the costs of study in India, living expenses and travel expenses.

[Read More: Benefits of Abroad Education]

Also, the intangible cost of staying from loved ones for an extended period of time needs to be considered. Having considered the costs, lets take a look at some of the benefits that studying abroad can bring.

• Make Friends from across cultures
• Improve your English speaking and communication skills
• Increase your personal brand value
• Build an Alumni Network.

This benefits, though intangible are nevertheless of great value to the student and add to his experience and his employability throughout his life.

A student who has returned after studying abroad will be given preference over other candidates in job selection as he brings with him, not only a global culture but also a network of contacts from different countries of the world.

Return On Investment For Studying Abroad

Apart from the intangible benefits listed above, there are also tangible benefits of studying abroad, a person who has completed his degree abroad can command a higher salary than the person who chooses to stay back in India to complete his studies. Also with Fierce Competition, it is easier to get accepted to a Tier 2 college in the USA than to get into premier institutes of education like IIT and IIM in India.

Because of the quality of education standards maintained by universities in countries such as USA, UK, Canada and Australia, studying abroad in middle rung or tier 2 universities will also provide the same return on investment that studying in a premier institute in India will provide.

[Read More: Education System in USA- All You Need To Know]

Although the costs of tuition, accommodation, books, groceries and other incidental expenses have been rising at an alarming rate and are today in the range of around 40,000 USD per year for study in the USA, the decision of studying abroad seems to make financial sense when we compare the costs with the return on investment.

A degree from a good college abroad can fetch more than 900,000 USD over 20 years. According to a study conducted by Georgetown University, a college graduate from America will earn a median salary that is 1 million USD more than a high school graduate over his or her lifetime.  

With the high rate of return on investment for studying abroad in Overseas Colleges, no wonder more and more students are opting for an overseas education. To know more about studying abroad in the best colleges, contact Global Tree at Begumpet  Hyderabad for Expert Counseling on college admissions and hassle free processing of your Student Visa.