Which Top Study Abroad Areas is High ROI among the UK, Canada and Australia?
Studying abroad is a
dream of almost every student in India. To turn this dream into a reality, one
usually has to shed a lot of money, and it is now a sort of investment that
students and their families make. Different Study abroad destinations ensure
different ROIs for students. This blog will talk about which Top Study Abroad
Areas are High ROI out of countries such as the UK, Canada, and Australia.
UK
The UK is one of the
most loved studies abroad destinations and has enabled Indian students to write
a promising future for themselves. With the announcement of the Graduate
Immigration Route (GIR), which allows students to stay back in the country for
two years, the UK’s return on investment in education has improved
considerably.
When it comes to the
investment required to study in the UK, the average cost of education for an
Indian student is approximately Rs 30-35 lakhs for a postgraduate degree. The
other expenses, such as living, depending on the city one chooses and can range
between Rs 1-1.5 lakhs for a month. One has to spend around Rs 40 lakhs to
study in the UK and can expect to get an average salary of £26,351 to £41,454
(Rs 25 to 45 lakhs) after the course.
CANADA
The other most loved
Study abroad destination by Indian students is Canada. The country offers
post-study work options and other facilities that set it apart from the
countries. Students can stay in Canada for three years after a master’s degree.
The average tuition fees for a master’s degree are Rs 25 lakhs to 30 lakhs, and
the yearly cost of living in Canada is around 8 Lakhs. One can expect the total
expenditure to be around 46 Lakhs; the average base salary after completing the
course would be around 55,000 CAD (Rs 33 lakhs).
AUSTRALIA
Students are now
getting a chance to study in Australia after a long period as the country has
closed its borders to international students and opened it after two years of
strict COVID-19 protocols. The country has introduced several provisions to
attract as many international students as possible, including increasing the
part-time working hours, visa fee rebates, and newer scholarship schemes.
Students can stay in
Australia for two years after completing their post-graduation, and the average
annual cost of a master’s degree is 38,000 AUD (Approx. Rs 23 lakhs); after
including the annual cost of living, the total cost of education in Australia
is Rs 65-70 lakhs.
Conclusion:
The ROI in Education
from these countries will depend on the current salary growth prospects of the
students in India. If we consider all the aspects, studying in Canada has a
better ROI for Indian students. Studying in Canada is not pretty expensive and
provides part-time and post-study work options with similar salary packages and
allows you to stay in the country for longer periods.
Are you planning to study in Australia, Study in UK or Study in Canada; Canam Consultants‘ more than 25 years of expertise as study abroad consultants and a team of trained and professional Study abroad counsellors will help you choose the right program and University, get admission into it your favourite institution and build a promising career
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