Tuesday, September 8, 2009

Advantages of International degree

Pursuing a foreign degree from India itself has numerous advantages. At Times Business School one can get a UGC approved Indian degree as well as a foreign degree. The degree received could be used to pursue further studies in a foreign country and could also be used for placement purposes in multinational companies and even for abroad placements.

In recent trends it has been noticed that lesser students are going for foreign study. This is not only because of the economic slowdown, but also because students have realized that there are more disadvantages than advantages in pursuing foreign study. I will mention below some of the roadblocks of a foreign education.

Educational Requirements - Most undergraduate courses require at least a ‘first class degree’ or 60% to be eligible and post graduate programme require at least 75%.Most students are unable to attain such percentages.

English requirements: Foreign universities require a thorough understanding of English language and most require that students get high scores in either ielts or toefl. This is disadvantageous to students from small towns who do not have a deep understanding for English.

Work-Ex Requirement: Most UK/US MBA degrees basically require at least 3 years work experience at a managerial level. Though after completion of the course getting jobs at a managerial level abroad would be quite a task.

Teaching Methods: Teaching methods are different overseas. Thus if students are not able to familiarize with the teaching methods, they would be unable to achieve the required grades.

Educational loans: Loan of at least 15 lakh onwards would be required by a student to pursue foreign courses; Though the stay back time is given to international students to pursue jobs, it becomes very difficult to get a good paying job to repay the bank after completion of study.

Work Permits and Employment: All countries abroad require visas for foreigners to either work or reside for longer periods of time. Work permit visas are available only through application from an employer who may have offered a student a job. The employer must prove that the student has unique skills and abilities that are not possessed by local citizens. This is a most time consuming process, so most employers will not offer a job to a foreigner who does not already possess a work permit, since employers who hire illegally are subject to heavy fines. Jobs without permits include those at restaurants, in agriculture or in teaching English. But working illegally puts one at risk of immediate deportation, possible fines, low wages earnings, other types of exploitation, and lack of legal protection or health insurance in case of injury or illness.

Hostel Stay – In another country, students have to adapt to the new environment which includes sharing rooms with foreign students, experiencing the four seasons and speaking English and other foreign languages. It is quite likely that some students would face discrimination and hostility.

Student Life: Since expenses are high overseas, most students have to work part-time to pay for the daily expenses and books they require. They have to do tedious household chores and prepare meals. Students must be independent enough to manage their time wisely to secure their grades while working. It is very difficult to be employed in companies abroad as only those with a scarce skill or professional experience have a chance of employment.

Thus pursuing a foreign degree from India itself is more advisable.

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