When is it a good time to go abroad for further studies? Is it good to get a bachelor’s degree or better to study directly at the master’s level? Parents and students who want to study abroad often worry about these kinds of questions. The answer, while simple, has interesting nuances to consider. We will examine them in some detail as under:
Finance: Often, the main consideration, multiple students prefer a master’s degree over a bachelor’s degree if they only think of overseas education from a financial perspective. A four-year bachelor’s degree can cost double the cost of a two-year master’s degree. On the other hand, MS can also provide rich opportunities for paid TAship (Teaching Assistant) and RAship (Research Assistant), along with other financial aid packages. No wonder graduate admissions applications outnumber student admissions applications by a factor of 3:1. (Note that we are not talking about MBA programs here).
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There are a few caveats though. Many major universities like MIT, Harvard and a few more offer blind scholarships to all their students meaning funding up to 100 percent of your tuition is possible, and in fact over 90 percent of the students there receive some sort of financial aid . Other good universities also allow you to reduce your expenses by 40-50 percent through various aid mechanisms and need-based grants. Often the successful recipients of financial aid are persistent individuals who can convincingly demonstrate their financial needs during the first semester/year of their education. Once inside you can usually find your way through.
anxiety: Usually driven by overprotective parents, many students choose to forego options to study at an undergraduate level despite wanting to. If you think your child will make it, you should continue with the bachelor’s degree.
Other options: You should compare your options with several other domestic opportunities that you can generate. For example, many students compare going abroad for studies with possible admissions to IITs or medicine, or first-class colleges of national universities or local domestic private, etc. In general, it seems that the options are many and more competitive at the college level in compared to the master.
Feature options: Frankly, India is the fastest growing major economy in the world. Today, as many as 70-80 percent of graduates return home after attending top universities, not because they didn’t get a job there. Nevertheless, in the country (outside your home base) where you study, your employability is much higher if you are also a student.
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As long as students at the RUG have clarity in their career goals, have a certain level of maturity and openness to deal with complexity and embrace cultural change, then only a bachelor’s degree should be considered. However, the final decision is unique to you and should only be specific to your situation.
It doesn’t matter if you’re pursuing an undergraduate or postgraduate program, please make it a point to aim for the top institutes and expand the list to the top 50 institutes and no further. Remember you would be spending a huge amount of money so why not focus on quality education.
— Written by Abhishek Singhal, co-founder of UnivAdmitHelp
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