In the modern global economy, the need for an international outlook is increasingly seen as a necessity rather than an advantage. It is an accepted fact that India possesses talent that far exceeds the capacity of its colleges and universities. Outside the IITs, IIMs, and a few other institutes, Indian university education does not do justice to the talent pool that enters it. Thus, it is increasingly desirable, and justified, for India’s brightest minds to seek international education.
Some of the advantages of study abroad are:
Study abroad is a life changing experience. In addition to acquitting yourself in a global environment, an international education significantly enhances one’s future prospects. Programs in universities abroad provide more than just an academic qualification; they focus on the overall development of an individual. Interacting closely with people from diverse countries and cultures will not only broaden your perspective, but also help you develop cross-cultural skills which are an invaluable component in a modern multi-cultural environment.
Study abroad opens avenues for lucrative jobs at multinational organizations, as most global universities have close links with associated industries and corporations. Career guidance centers established at these institutions assist students with information on available opportunities, and act as counseling centers that help match students’ interests, aptitude, and skills with options they can consider after their program. Universities also organize training sessions and workshops that focus on developing the soft skills that are essential for a successful corporate career.
The money required to be able to fund an overseas education ranges from approximately INR 10 to 60 lakh; depending on the degree program, duration, and the destination country. For most applicants, arranging this amount is a formidable challenge. However, there are currently numerous ways and opportunities apart from utilizing one’s personal savings to fund an education abroad.
There are external sources of funding available that make studying abroad a possibility. Many universities abroad offer financial support in the form of grants, assistantships, scholarships, and tuition waivers. In addition, academic institutions also offer various loan assistance programs. There are at least 20 Indian banks that offer loans with easy repayment options for students pursuing education abroad.