Benefits of Studying Abroad vs Studying in India

An analysis of the benefits of studying abroad vs. studying in India. Are you curious to know if it is better to study in abroad or India? This article analyses the pros and cons of studying abroad and answers your doubts and queries.

Facing a dilemma whether it is better to study in India or abroad?

You're not alone. This is a question that many students and their families face on a regular basis. On one hand, you have the comfort of living and studying in your native country and not having to leave behind all your family and friends. On the other, the lure of a foreign degree, global exposure, excellent research opportunities and the associated career benefits are equally attractive. Let us look at some important reasons why you should consider studying abroad and the benefits that it offers.

Living a Dream

The dream of studying abroad is no longer a distant dream, which only a few chosen people can afford. Today with the number of education loans and scholarships on offer; international higher education is much more accessible. If you can submit proper documents; have a good academic track-record and meet the eligibility criteria set by the bank; an education loan is guaranteed.

Scholarships

Scholarships open a whole wide world of possibilities. From private scholarships offered by companies and philanthropists to scholarships offered by various governments and educational institutions to boost research output; you can choose and apply for a relevant scholarship. Some of the popular scholarships and fellowships are The Rhodes Scholarship Program, Fulbright-Nehru Research Fellowships and Huawei Maitree Scholarship for studying in China.

Research Opportunities

It is no secret that the research opportunities available in countries like the USA and the UK rank way ahead of the facilities and funding offered in India. This is the primary reason for the migration of Indian students abroad. A majority of the students complete their research and stay on as faculty members. Some students return to India and take up teaching assignments or find relevant jobs.

A Global Outlook

When you study abroad; your exposure to a new culture and lifestyle will definitely dazzle you. As a student in a foreign land; the first few days may cause you to feel homesick and lonely, but rest assured after this initial phase you will transform into an independent and responsible individual. Living in a student residence hall fosters a sense of community-living and gives you a chance to meet students from other countries and understand their culture and lifestyle. This is when bonds of friendship are formed, which last a lifetime.

Career Benefits

An MBA from a prestigious institution like the Kellogg School of Management or Harvard Business School is definitely a great advantage when compared to an MBA from a smaller Indian institution. This does not belittle the MBA program offered by Indian institutions. Employers prefer to hire candidates who have completed a degree abroad with relevant academic scores and work-experience; over a student who has completed the same degree and has similar work experience in India. Additionally, studying abroad will also offer students a chance to secure a relevant job in that country. Countries like New Zealand offer a one-year extension on the student visa to enable graduates to find a relevant job in New Zealand. An international degree also commands a better pay-package!

The Burden of the Bank Loan

“Ask yourself if you can afford the course-fees?”

Bank-loans have to be repaid and for a larger loan-value a guarantor is required; you know your family’s financial condition the best. Weigh all the pros and cons and only if you are 100% sure that your family’s finances will not be badly affected; apply for an education loan from a bank. Also, remember to check with multiple banks to get the best deal on your education loan. Even a difference of 0.25% in the rate of interest; or an extra year of waiting before you begin to repay your loan can make a considerable difference.

Quality of Education

Premier Indian institutions like the IITs and IIMs are offering excellent courses that also have scope for doctoral research. A number of these institutions offer merit scholarships as well. Attempt as many exams as possible and consider higher education opportunities in India as well. Studying abroad and staying away from your family is a very important decision that you need to make. If you are committed to achieving your academic goals, get admission to a course and institution of your choice and secure funding; go ahead take a leap of faith and fulfil your study abroad dreams!

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