What do you Gain from Studying Abroad

Posted by kentemad on in Personal Finance
  • Font size: Larger Smaller
  • Hits: 129
  • 0 Comments
  • Subscribe

What do you Gain from Studying Abroad

Do you have a very simple goal of finding a career you love that will also pay well and allow you to live a comfortable lifestyle? If so, it’s a goal that many people share with you, and are constantly striving to find a way to be successful in their pursuit of it. For many, the answer to the asked questions comes down to getting a good education so that they have the foundations and skills necessary to land those high-paying jobs.

But is it necessary, or can it be helpful to study abroad in order to obtain your education? Will that better your odds of being hired and land a prosperous career? Let’s take a closer look at the advantages of studying abroad.

It Depends on the Country You Study In

A big part of whether or not studying abroad can ultimately help you make more money in your career comes down to the country you study in. There have been studies on the topic that show the more stable and healthy the economy is in the country you are attending school, the better your future salary prospects are. For example, if you choose to study at a school in the United States, you have much higher odds of making a good salary down the road.

Benefits to Studying Abroad - International Student

Without a doubt, studying abroad is an option that brings advantages, here are 10 reasons to travel the world through studies abroad.

  • Learn or improve a second language. Mastering modern languages is one of the main reasons why young people decide to study outside the country.
  • Acquire new teaching methods. The interaction with professors and specialists of recognized institutions have different criteria to expose their knowledge.
  • Know a different culture. Adjusting to a different lifestyle to appreciate habits, customs and traditions of the country in which you study.
  • Get a better job with higher pay. Having studies abroad is seen as a competitive work experience advantage, facilitating work insertion with a better salary.
  • Achieve a better resume. Studying abroad, in addition to increasing knowledge and qualifications, provides added value to academic preparation because they are institutions with international prestige and quality.
  • Resource management. Studying outside the country requires greater control over money and time, so that they can be optimized to achieve the objectives and cover expenses.
  • Personal growth. Being away from family and home helps to internalize, realizing values and beliefs. Perceiving identity from outside helps to have a vision with greater maturity linked to personal development.
  • Opportunity to work abroad. At the end of the studies, there is the possibility of being placed in a job within the country where they were completed.
  • Better educational level. It is believed that continuing academic preparation abroad provides greater status by having a higher level in the education system.
  • Make new friends. The idea of meeting new friends of different nationalities is very interesting; It not only means relating to different people, but experiencing a multicultural exchange.

You Can Learn a New Language and Take Advantage of Trends

If you’re studying in a country that speaks a different language than you, you’ll also have the opportunity to learn a new language. This alone can open up additional career options, and you’ll be able to command a higher salary. You could even pursue a job as a translator or interpreter, which is set to grow by a whopping 19% by the year 2024, according to the United States Bureau of Labor Statistics.

You will also have the opportunity to learn with high-tech equipment and practices, again depending on the country, which can instantly propel you to the top of the field in your native country. It can give you that competitive edge.

Why studying abroad cements language skills

It is impossible to avoid the language you are trying to learn. During your study abroad year you will talk to your host family, you will watch TV shows and programs on the local television, you will order food in restaurants and you will even read the advertising posters that are around the city, all the interactions you have with the local culture will develop new words in your vocabulary and increase your understanding of the language.

Learning to speak another language is always an important task, since it is very useful if you want to expand your life to new horizons. In your country, most of the language teaching centers carry out vocabulary studies through books and with little time intensity, however, there is another way to study a language and this is to go abroad, both methods are usually effective.

The interaction with people and local culture during a field trips will allow you to increase your vocabulary and your understanding of the language. Additionally, English courses in Australia, New Zealand, Canada, or the UK normally last 20 to 30 hours per week, which give students studying abroad full immersion in the language.

How Much Does It Cost to Study Abroad?

Academic costs

Academic costs abroad depend on the country of destination, the chosen institution, the type of course and its duration. Within this type are:

  • Admission costs.

    When you are interested in any educational institution abroad, the first step is to send an application for admission. Many times this procedure is free, although there are institutions where you have to pay an admission fee or rolling fee.

  • Cost of materials.

    You must take into account the collection of materials for English courses or other types of studies. Scientific study materials are more expensive.

  • Tuition fees for English courses.

    If your goal is to learn English, taking a language course in institutions belonging to universities is more expensive, but the quality is excellent, so it is worth considering this option.

  • Tuition fees for university studies.

    Canada offers cheaper international university studies than countries like Australia or New Zealand. A university degree can cost approximately USD 7,000 to 12,000 per year, and graduate studies are around USD 19,000 to USD 35,000 for the entire programme.

    For its part, the United States, having internationally renowned universities, is one of the countries with the most international students, although its prices are significantly higher. There is a quite significant price difference between public and private american universities. Thus, your career or postgraduate degree can be between USD 20,000-35,000 per year in a public university and USD30,000-60,000 per year in a private university.

Administrative expenses to study abroad

The administrative expenses for procedures in consulates or embassies, the legalization of academic or identification documents and, the translation of these documents into the required language are some of the most usual expenses that you will have to face.

The expenses for processing and approval of visas and travel grant in consulates and embassies vary from one country to another and also depends on other aspects such as the type of student visa requested or the inclusion of dependents.

Health insurance expenses

Currently, as an international student you will need to purchase compulsory medical insurance before embarking on your trip and it must last your entire stay, the cost of this insurance varies by country. If you are studying in europe, your visa will probably require insurance cover. in the United States It is strongly recommended that you and your dependents purchase medical insurance during your stay; especially due to the high cost of healthcare in the US.

Living costs

As an international student, you must be responsible for other expenses such as accommodation, meals, your transportation and more. Obviously they are very variable values depending on the city, the area chosen to live, the distance you must travel daily etc. Below, you can find guidance values for the most common expenses among international students.

Flight costs

The price of your flights depends on many factors. Among them, the country of origin and destination, the anticipation with which it is purchased, the number of stops and the season in which you travel.

It is necessary that you make a calculation of the monthly budget necessary to live and study abroad, so you will avoid finding yourself in a difficult situation far from your country of origin. Evaluate all the possibilities and help available, do not abandon your project before knowing them.

If you’re convinced that studying abroad is the best way to land your dream career, and that dream salary, then you may be left wondering how in the world you’ll be able to afford it. While saving up is certainly a good start, it’s not usually enough. Instead, it’s a good idea to look into international student loans, scholarships for international students, financial aid, and DACA student loans (if applicable). These types of loans will cover more than just your tuition – they can also be used for your books, food, housing, and more.

Study Abroad Programs Around The World for Undergraduates

If you want to live an international experience and travel to another country to study for a season, you must know what are the best scholarships in the world to apply for funding. For this, we have prepared this list where we reveal the best options to study around the world with a scholarship.

Eiffel Scholarships - France

The Eiffel Scholarships is an annual scholarship aimed at international students who wish to take a master's or doctorate in France. This programme was launched by the Ministry of Foreign and European Affairs, and its main objective is to attract the best foreign master and doctoral students. The endowment of the scholarships is between 1,180 and 1,400 euros per month.

Fulbright Scholarships - US

The Fulbright scholarships are an incredible opportunity to study in the United States. Who wouldn't mind spending a season living in the US? In addition, having in your curriculum that you have studied in the United States is always something striking for companies. There are different Fulbright scholarships; some allow you to study, others take summer courses, and there are even some for paid internships abroad.

Chevening Scholarships - UK

If you want to study in the United Kingdom, you must know the Chevening Scholarships. This is an annual scholarship program of the British government aimed at the brightest international students for a postgraduate degree in the United Kingdom. The scholarships cover tuition, subsidy, plane ticket and an additional grant to cover essential expenses.

Vanier Scholarships - Canada

The Vanier Scholarships are an annual scholarship program of the Government of Canada that offers $50,000 to Canadian and international doctoral students in the area of social sciences, humanities, natural sciences, engineering or health who wish to continue their studies at Canadian Universities and eligible to apply.

DAAD Scholarships - Germany

DAAD scholarships are scholarships to study and research in Germany for international students. These scholarships are offered by the German Academic Exchange Service. The scholarships cover the cost of tuition, air tickets, food allowance and financial support for school supplies, as well as medical insurance.

Santander Iberoamerica Scholarships - Spain

The Santander Grado Iberoamerica Scholarships are annual scholarships that will take you to study at an latin america university. Every year more than 900 scholarships of 3,000 euros are published to study for 6 months in a University of Argentina, Brazil, Chile, Colombia, Spain, Mexico, Portugal, Puerto Rico, Peru and Uruguay.

Monbukagakusho Scholarships - Japan

The Monbukagakusho Scholarships are a scholarship program of the Government of Japan aimed at students and teachers to learn Japanese and study subjects related to the country. These are annual scholarships that are excellent if you want to travel to Japan, get to know and live Japanese culture from within, learn the language, taste its delicious cuisine full of contrasts.

Schwarzman Scholarships - China

The Schwarzman Scholarships are aimed at students from all over the world to take a master’s degree programmes in China. A program that not only selects its participants for their academic aptitude and intellectual capacity, but also for their leadership potential, entrepreneurial spirit, ability to anticipate paradigm changes, of an exemplary nature, and the desire to understand other cultures, perspectives and positions.

Darmasiswa Scholarships - Indonesia

The Darmasiswa Scholarships will take you to study the language, art and culture of Indonesia. These are annual grants from the Ministry of Education and Culture of the Republic of Indonesia that have the objective of increasing the interest of Indonesian culture among foreign citizens of different countries.

Best Places to Study Abroad in Europe

The Erasmus programme stimulated the mobility and cooperation of students and teachers in the EU country. The Socrates program took cooperation in higher education to the level of the central administration. The Bologna Declaration facilitated the standardization of higher education, which made it more homogeneous. And Erasmus + has allowed to expand the experience of academic exchanges to global dimensions.

In a recent list of the best countries for foreign students who want to do university studies in Europe, Germany - with its practically free universities - appears first, followed by Britain and France.

Great Britain, with some of the most prestigious universities in the world, appears in the first place for "quality of education" and "life and career prospects", but occupies the 30th place in "cost of living" for the high expenses in support and extremely high license plates.

France is an attractive alternative for its highly reputable and accessible higher education system. It ranks third on the list.

Among those new to the ranking of the top 10 is Poland. One of the most economical countries and with universities that have constantly increased the study options in English, The number of foreign students in Poland has increased from 12,000 to more than 65,000 in the last 10 years."

With the relatively low cost of living, more than seventy universities to choose from and a rich historical and artistic landscape, Spain is an excellent proposal for any study abroad option, especially for Spanish speakers. And, for those who speak other languages, they will access the second most spoken language on the planet.

The other countries among the top 10 overall scores are Holland, Russia, Switzerland, Sweden, Belgium and Italy.

What I've Learned From My Study Abroad Experience

Student mobility offers the chance of expanding the vision about our planet in a globalized world. The world with its multiple cultures, its diversity of coexistence and the different teaching ways, comes to offer new perspectives for students who experienced this complexity.

The experience of being a stranger, having to deal with prejudices and stereotypes made of its own culture, causes a change in the perception of the world and boost your confidence.

International exchange between higher education institutions must be included in the curriculum. The students search new perspectives for his personal and academic life.

Tagged in: personal finance
Beware of little expenses. A small leak will sink a great ship.

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Tuesday, 25 February 2020