Are you dreaming of experiencing higher education in the UK, Australia or Canada? With the cost and investment of studying abroad, it is important to ensure you are receiving higher returns on your money. In this article, we present a comparison of three of the most popular study destinations for Indian students. Read on to get more information and help you make an informed decision.
Job Prospects for Overseas Students in Canada
For students looking to gain international experience and opportunities, studying in Canada is an excellent option. Not only does it have the 10th largest economy in the world with an unemployment rate of less than 6%, but also boasts over 20.56 million employed people. Graduates from top Canadian universities will find that employers are always on the lookout for their credentials as there is a high demand for them. Therefore, when considering studying abroad, don’t forget to consider Canada – a desirable location that has plentiful postgraduate prospects!
Studying abroad in Canada is a great experience for international students due to the Post-Graduation Work Permit (PGWP). The PGWP allows students to remain in the country after completing their degree, with a validity that is contingent on the program length – for example, if you enroll in a two-year program, you can enjoy the benefits of a three-year PGWP. Furthermore, Canadian universities have impressive ROI. Students who study at universities with rankings between 251 and 500 might experience a net positive return on their tuition fees, while those who attend universities with rankings between 50 and 100 will be rewarded with even higher salaries and ROI.
Job Prospects for Overseas Students in UK
For many international students, the UK is the prime choice for higher education. With its 32.4-million strong working population and a more than 75% employment rate, it’s no wonder why this nation is so attractive to hopeful university graduates. The Higher Education Statistics Agency (HESA) reported that in 2019-20, there were 538,000 international students studying in the UK, with India being the second top country for originating students. Studying abroad can guarantee a good return on investment for education in the UK.
Job Prospects for Overseas Students in Australia
Studying abroad can be an exciting experience for many students, with Australia being the third-most popular international destination. With up to 700,000 international students enrolled in its educational institutions, it is no wonder that Australia is so attractive. Notable universities like Australian National University, University of Melbourne, Monash University, University of Queensland and University of New South Wales are all ranked among the top 100 universities.
Studying abroad in Australia is a great way for international students to gain access to the country’s independent study culture, creativity and innovation. Additionally, students have ample opportunities for research and work, with the potential to find jobs all over the world after successful completion of their degrees. The cost of educational expenses typically range from around INR 40-50 lakhs, allowing students to manage their costs with part time jobs earning 19 AUD per hour. Those who pursue postgraduate degrees in computer science usually end up with a salary of between INR 30-35 lakhs per year.
Comparison
When it comes to studying abroad, the UK, Canada and Australia offer great returns on investment for international students. Each country provides different advantages; the UK has renowned education and cosmopolitan cities, Canada is known for its multiculturalism, welcoming immigration policies, while Australia offers numerous opportunities with a work-study program. All three countries offer a range of options when it comes to academics, culture and job prospects.
Conclusion
Based on our analysis of the ROI of the UK, Australia, and Canada separately, we can definitively say that Canada offers a better return on investment to students than other countries. This is due to its more moderate educational investments and higher expected returns after completing a degree. Thus, for those seeking the best return on their educational investment, Canada is an optimal choice.
