Mumbai: Indian students are reconsidering their overseas education plans due to the Covid-19 outbreak, Economic Times reports. About 100,000 students head abroad each year, but specialists figure 40-60% to scrap their plans this time. Among students’ best concerns is security, particularly since beat goals such as the US and the UK have been destroyed by the virus. Short-term obstacles incorporate getting visas and booking carrier tickets, whereas there are greater fears around finding work after accomplishing the degree.
- The average duration of the last 5 recessions was less than a year. Therefore, the current recession would most impact the folks graduating NOW; situation likely to improve by 2022/2023.
- There will be a dip in applications this year; the numbers will shoot up in subsequent cycles. Exactly the same trend played out in the 2008 crisis.
- Higher amount of scholarships are likely to be given out this year.
Akshat Shrivastava, Management Consultant, BCG & Dalberg said, “Top firms such as McKinsey, BCG, JP Morgan recruit from all major regions. Ph.D. vs Technical Masters: Start with your goals. If you wish to work as an academician, then getting a Ph.D. would be a better choice. However, be cognisant of the job market. These days, it is quite difficult to get recruited as a professor. MBA vs specialised business Masters (MiM, Masters in Finance): MBA has a better brand recognition compared to other newly started degree programs. Better network, better pay, better career outcomes.”
Varrtika Tarun Mudaliar, International Higher Education Specialist stated, “In the present times of shaky world health scenario, travel restrictions and uncertain university pedagogical systems, the foremost question for higher secondary students is ‘whether to, or not to’ study abroad. Despair is setting in for many with prospects of a lost year and the post-study visa question hanging in the balance. The silver lining amidst this apparent grim scenario could be to look inwards before one looks outwards. Many Indian higher education institutions have set up twinning programs, dual degrees, sandwiches, or co-op programs with foreign universities where the student can start the education within India and then transfer to the foreign partner university for the final years of the degree course.”
Indian students planning for entrance exams such as GRE, GMAT, TOEFL to induce through to outside colleges are presently planning to drop a year. Most of these tests are not accessible as of now due to the spread of novel coronavirus.
Many students have also received acceptance letters from foreign universities but are unsure about going. Aditi Shikha, a resident of Bangalore admitted for Biomedical Sciences said that even she got through Princeton University but she’s considering aborting the plan this year. The situation out there is pretty dynamic and may get worse in the time to come.
Many foreign countries are right now under the total lockdown to contain the spread of the infection with no particular due dates. India is the world’s second-largest source of international students as it was after China and one of the fastest-growing sending markets. Most Indian applicants, particularly those pointing for spring 2021 and drop 2021 have not been able to appear for tests such as GRE, GMAT, SAT, ACT, and IELTS.