Why a global undergraduate degree is vital?
Many people shy away from investing in foreign education at the undergraduate level. Some students are scared that they will not be able to manage in a foreign country at such a young age. Others think there is no point in investing in a foreign degree at the undergraduate level, it is better to invest during the post graduation. Still others worry about foreign loans, return on investment and so on.
However, all these reasons are mostly due to lack of exposure about foreign education. The following factors will make it clear:
More than a degree: At an international level, an undergraduate degree is viewed not just as a certificate but a vital part of education. Most universities in the USA, UK, Australia and Europe have courses designed to teach skills, not just a degree.
Research and funding opportunities: Universities abroad are focused on research even during undergraduate level.The USA has funding agencies like National Science Foundation that gives away $ 20 million worth of grants regularly to its universities. Even in Canada, the Natural Sciences and Engineering Council gave away $6.6 million grant to University of Toronto. In the UK, recently eight Indian students won the British Council IELTS (International English Language Testing System) Scholarship Award 2013 and will receive Rs 300,000 each towards the cost of tuition fees.
Industry exposure: Imagine getting a chance to work while you are still an undergraduate in a foreign country! Regardless of the age/degree level of student, foreign universities give students a chance to work with industry brands through research projects. Inventor of BlackBerry Mike Lazardis is an alumnus of Waterloo University, Canada and he funds university professors for nanoscience and quantum computing research. Similarly, Kellog’s School of Business gives out jobs to its students every year in Kellog’s.
Chance to earn while learning: Most foreign universities offer teaching or research assistantships to international students based on their merits. They get either stipends or partial or full tuition fee waivers. For instance, the US government offers Optional Practical Training (OPT) and Curricular Practical Training (CPT)and allows undergraduate and graduate students with F-1 status to work for one year on a student visa.
Campus life: Imagine a campus where your peers are from the US, UK, Thailand, China, Canada etc. Foreign universities are truly global and provide an exceptional learning environment through research, study tours, industry visits, camps and conferences of international level.
Jobs: The London Business School has been ranked 10th in Career Progress of its students and 25th in Placement Success. According to a report published in April 2013 by PayScale, undergraduates of North Carolina State University, USA will earn an average annual salary of $47,000 right out of college, and $82,000 by mid-career. At the Oxford University, the average starting salary last year of its undergraduate batch was £25,000.
Global branding: Getting an undergraduate degree from a foreign university gives you a global branding. Six Nobel Laureates have been alumni of University of Toronto and eight have been from McGill University in Canada. The Current dean of Harvard University is a Mumbai-born Nitin Nohria who is an alumnus of MIT Sloan School of Management, USA. Goldman Sachs, India CEO Vijay Karnani is Kellogg School of Management Alumnus.
Top ranking colleges: Australia houses seven of the world’s top 100 universities. About 17 of the world’s best 20 universities are American with MIT and Harvard topping the list for many years. World’s second best university The Oxford and four of the top six are in the UK.
Every foreign university has student support services that make it easier for foreign students to avail advantages and really enjoy their studies.