Education is organic, it keeps growing and evolves with time and the human mind. This is the major reason why education provided in different nations of the world is different. The principles on which education systems are formed are different for every nation. However, the aim is similar, i.e. to instil creativity within the human mind.
Every education system has its pros and cons, in simple words – advantages and disadvantages. As a developing nation, the Indian education system has been developed on the pillars that support thorough theoretical knowledge and prepare the students for some of the toughest competitive exams in the world. Whereas education systems of other developed nations are more flexible allowing students to pursue varied career opportunities other than the mainstream options.
India being a developing nation lacks funds and hence there is a need to gather funds and use them to enhance the education system. Beginning with more research-oriented education, there are a lot of things that we need to achieve, such as flexibility, updating the curriculum, global knowledge, etc.
Studying abroad: A dream not distant
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 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 relevant scholarships. Some of the popular scholarships and fellowships are The Rhodes Scholarship Program, Fulbright-Nehru Research Fellowships and Huawei Maitree Scholarship for studying in China.
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. Most 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.
Bank-loans must 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.
A Global Outlook
When you study abroad; your exposure to a new culture and lifestyle will 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.
Rise in career prospects & earning
An MBA from a prestigious institution 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. 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.
There is a difference in the quality of education offered between India’s premier educational institutions and international institutions of repute. With the various funding and scholarship opportunities available; it is a better option to go abroad for higher studies. You may also choose to complete your basic undergraduate degree in India, secure a job, work for three to four years, save money and fund your postgraduate study abroad. To conclude, the benefits of international education are many and help you build a secure future and career.