WeConnect Overseas

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  • Top Courses to study Abroad after B.Com.

    Top Courses to study Abroad after B.Com.

    Top Courses to study Abroad after B.Com.

    So you finished your exams and felt relieved! What comes next? We know you’re eager to solve some actual issues and you might be looking for top courses to study abroad after B.Com. There is no time to sit back and unwind. Numerous business schools abroad offers various courses after your B.Com. However, it is important that you select the best one.

    In this article, we will provide you with a summary of the numerous course options available while studying abroad after completing your B.Com. You can also contact our experts, who will have firsthand information from the universities.

    MBA: 

    The Master of Business Administration (MBA) degree is one of the world’s most prestigious and demanded courses. More than 60% of universities around the world offer the degree. Accounting, Applied Statistics, Business Communication, Business Ethics, Business Law, Finance, Managerial Economics, Management, Entrepreneurship, Marketing, Supply Chain, and Operations are some of the subjects addressed in an MBA programme.

    Masters in Finance: 

    A master’s degree in finance is another popular option for Indian commerce graduates. A three-year full-time Bachelor of Commerce is required to pursue a master’s degree in finance. Leading foreign universities also require two years of finance-related work experience as an admission prerequisites. Post completion of a master’s degree, career options include Venture Capitalists, investment banking, financial analyst, Financial Technology, financial consulting, financial advisor, stockbroker, and corporate banker.

    Masters of Commerce: 

    Over the course of two years, students in the Masters of Commerce (M.Com) programme write research papers and theses on topics related to accounting, management, and economics.The fact that it gives them a lot of job options is even more intriguing. The training also improves one’s knowledge of accounting, banking, finance, and insurance, among other relevant topics. Following are the most popular domain you can pursue under Master of Commerce:

    • Professional Accounting
    • Marketing
    • Accounting & Applied Finance
    • Supply Chain Management
    • Agribusiness Management
    • Rural Finance
    • Business Law

    Association of Chartered Certified Accountants (ACCA):

    The ACCA provides the leading global Chartered Certified Accountants degree, being one of the world’s leading qualifications. Working as a chartered certified accountant is possible with an ACCA degree. ACCA can help you advance your career in finance as well as accounting.

    Masters in Business Analytics:

    The Masters in Business Analytics program from abroad provides international students with the opportunity to work in a foreign market. The programm was designed with the goal of fostering analytical skills that can be applied across industries and sectors. As a result of increased digitization, the demand for knowledgeable business analytics specialists is rapidly increasing globally. The available professions include data analyst, business analyst, quantitative analyst, and risk analyst.

    Masters in Economics:

    A master’s degree in economics from abroad provides the skills required to analyse as well as comprehend today’s economic challenges. After earning a master’s degree in economics, Indian students can work as budget analysts, financial analysts, operations analysts, and market analysts.

    To Wrap up, 

    Commerce is a versatile field. After completing your B.Com, Indian students can pursue a variety of opportunities in foreign countries like Canada, United Kingdom, United States. However, don’t forget the various factors you must consider before planning to get into your dream university.

    Connect with Team WE to Start your Study Abroad Process with first hand experience from our Expert Counselors and Study in your  Dream University.

     

    As a Commerce graduate there is no time to sit back and unwinddon’t miss these Top Courses to Study Abroad after B.Com. in 2023-24. that will help you boost your career

  • Influence of peer pressure on abroad study Aspirants

    Influence of peer pressure on abroad study Aspirants

    Influence of peer pressure on abroad study Aspirants

    These days, everything changes in a split second. From deciding what to eat to making important decisions, peer pressure has always been a factor. Don’t you think that in a world that is changing so quickly, Influence of Peer Pressure on Abroad Study Aspirant is the driving force of majority of your life decisions?

    As an Study abroad aspirant you might be in a state of confusion right?  You might be bombarded with a lot of advice from your peers, colleagues, seniors, family members regarding right measures to start your overseas journey and so on and so forth. Let’s look out how to handle this peer pressure from becoming a major hindrance in study abroad decisions. 

    Tips to handle peer pressure: 

    • First & foremost thing is to take advice from the experts who are guiding fellow students like you in their study abroad journey. They will help you take profitable as well as calculative actions.
    • You are also aware that fact and popular opinion are two entirely different things. Since many criteria, like your goals, family background, money, and skill level, are taken into account when choosing the best university and study abroad location. 

    As counsellors, we value our relationships with the students. It enables us to develop a customised path in accordance with the demands of the moment and gain a deeper understanding of their life values, aspirations, and current situation.

    There’s no doubt that everything has its own pros and cons 

    Pros of consulting a counselor
    • A two-way relationship works wonders. When a student shows faith, trust towards the counsellors, it helps them show you a guiding light. 
    • You have a mentor to clarify all your doubts 
    • You get a more realistic and practical approach regarding pre and post abroad study journey
    • You get the opportunity to learn more about the precise steps involved in beginning your study abroad trip.
    Cons of consulting counselors
    • Connecting to multiple counsellors at once may make it more difficult for you to decide on the best place and university.
    • It can be difficult to locate the proper counsellor who understands your viewpoint and who you can be transparent with.

    What is your take on this?  Do you also feel influence from external factors can distract your focus & create mental hindrances in your study journey abroad? Let us know in the comments section below what issues you are facing. We are here to help you out from this dilemma.  

     

  • Tips to draft Impressive LOR

    Tips to draft Impressive LOR

    Tips to draft Impressive LOR

    As in the previous post we discussed LOR & its importance, Lets see how to write a perfect LOR that strikes the minds of the admission officers & help you impress them!

    How to write a perfect LOR 

    Create a new letter for each recommendation

    It is always best to create a new letter for each recommendation. This ensures that each letter is personalized & tailored to the specific school. It also allows you to update the letter as needed, which is important since recommendation letters can become outdated quickly.

    Review your Resume

    When writing a letter of recommendation (LOR), it is important to review your resume in order to be able to provide specific and detailed examples of your skills and accomplishments. This will allow the admission officer to get a better sense of your abilities and what you have to offer. In addition, by reviewing your resume you will be able to remind yourself of your past achievements and successes, which can help to boost your confidence when writing the letter.

    Quantify your Strengths

    One of the most important tip When writing a letter of recommendation (LOR) is not only highlighting the individual’s strengths, but also to quantify those. This will give the reader a more concrete sense of your abilities & achievements.

    For example, rather than simply stating that an individual is a hard worker, it is more effective to say that they have consistently achieved high levels of productivity, even under challenging conditions. Similarly, stating that an individual is a good leader, try saying that they have successfully led teams with different individuals. These have helped them achieve common goals.

    Including specific examples and statistics wherever possible will help to paint a more vivid picture of the individual’s strengths. Ultimately, the goal is to provide the reader with a well-rounded sense of the individual’s capabilities. This will help them make an informed decision about their suitability for the desired position.

    Choose your recommender wisely

    When you are writing a letter of recommendation (LOR), it is important to choose your recommender wisely. The recommender should be someone who knows you well and can speak to your strengths. They should also be someone who is respected in their field. A strong recommender can make all the difference in whether or not you are admitted to your program of choice.

    Use Anecdotes/ Short Stories

    It’s always a good idea to use anecdotes or short stories when writing letters of recommendation. This is because it gives the reader a more personal glimpse into who the person is and what they’re like. People more likely to remember Anecdotes and short stories than dry facts and figures.

    General tips to consider
    • Make sure you use Standard font and print size, usually Times New Roman 12-point for printed letters or Arial 11-point font for electronically submitted letters
    • Don’t forget to mention accurate contact details of the recommender
    • Your LOR should be Simple & Crisp. Make sure it is not over 500 words

      To sum up, Universities are always looking for talented, passionate students. And LOR is your perfect opportunity to tell colleges & universities everything they need to know about you! Let WE help you craft ideas, format as well as edit your LOR to help you secure a position in your desired university. 

      Register for Free Counselling Session!
    • Tips to draft a Stellar SOP

      Tips to draft a Stellar SOP

      Tips to draft a Stellar SOP

      As discussed in the previous blog you might know now what exactly is SOP and why is it important. To remind you, SOP is your opportunity to introduce yourself to the admissions committee. When applying to study abroad programs, a Statement of Purpose is the most important tool you have to show a college or university why you’re a brilliant fit for their program. Don’t miss these tips to write a good SOP (Statement of Purpose) that stands out from the crowd and makes your application stand out from the rest!

      Tips on writing a good SOP 

      Explain Your Interests

      Your interests are what make you unique and interesting, so it’s important to include them in your statement of purpose. By discussing your interests, you can demonstrate to the admissions committee that you’re more than just your grades and test scores.

      Write Stories. Not Statements because stories connect

      If you want to leave an impression in the minds of the admission counsellors, depict your point of view using stories. But make sure that “Do not exceed the length specified in the application instructions for SOP.” If no length is specified, keep in mind that faculty may be reading hundreds of such Statements. Be brief but thorough. Unless absolutely necessary, do not discuss your life  instances. The recommended maximum length is four pages, but three is even better.

      Use a Formal But Conversational Tone

      Remember SOP is a document that will help you gain the winning ticket to your Dream University. Make sure that it is well drafted in a formal & Standard format. It’s a chance to show your writing skills, the more conversational, the clearer the message! Also, keep in mind the message you want to convey and frame your direction accordingly. In case you are using humor to explain your POV Beware, it can backfire!

      Decide How You Want To Portray Yourself. And Learn How to Portray Indirectly.

      When drafting your statement of purpose, it is important to decide how you want to portray yourself. Do you want to be seen as a competent and capable individual? Or do you want to be seen as someone who is creative and out-of-the-box? No matter how you decide to portray yourself, make sure that your SOP is honest & authentic. Be true to yourself and let your personality shine through. Admissions committees will be able to see through any attempts to artificially boost your image, so it is best to just be yourself.

      Address your problem

      When you are writing your SOP, it is important to address your problem. This will allow the reader to understand your situation & how you plan on solving it. By doing so, you will also be able to show that you are proactive and have already taken steps to improve your situation.

      Do your Homework

      One of the most important tip to write a good SOP is to Make sure you do complete research regarding the University you are applying for. Don’t forget to mention what you like about the university you are applying for, and why: facilities, infrastructure, etc.

      Don’t forget to proofread

      Amongst all the tips to write a good SOP, this is something you cant dare to miss. Don’t ever forget to proofread your entire SOP. Make sure there is clarity and conciseness in delivering your message. Here’s a tip: avoid using too many technical terms, simplicity attracts! Once you have completed your SOP make sure you ask for feedback from your colleagues, seniors, mentors. They are your biggest supporters as well as critics. 

      To shine your brightest light is to be who you truly are.  And what would be Better Than SOP to portray it when the motive is to reserve your seat in the desired University abroad! 

      Roy T. Bennett

      If you are looking for help to draft an impressive SOP, Let WE help you! Our expert writers will help you craft your SOP in less time, and with better results than you can do on your own!

       

    • Top benefits of Studying abroad

      Top benefits of Studying abroad

      Top benefits of Studying abroad

      Studying abroad has become a popular option for students. But this isn’t just about choosing an overseas destination or course; there are many other benefits to studying abroad which students should consider before applying. It can be an invaluable experience which will enrich you and help you be a more well-rounded person.

      1. Gain more practical exposure.

      One of the most important benefit of studying abroad includes gaining more practical exposure. It is often said that experience is the best teacher. And what better way to gain experience than to live and study in a foreign country? This will help you to develop a better understanding of the world and how it works.

      Experience new culture and people

      One of the most important benefits of studying abroad is the opportunity to experience new cultures and meet new people. This can be a truly life-changing experience, as it allows you to see the world from a completely different perspective. You’ll have the chance to learn about new customs and traditions, and to sample delicious new foods.

      More Career Opportunities

      By studying abroad, you have the opportunity to gain valuable work experience & skills that are difficult to obtain in your home countries. Additionally, studying abroad can help you network with individuals from a variety of different backgrounds and cultures. It can be beneficial when seeking out job opportunities. Finally, many employers are now looking for candidates with international experience, so studying abroad can give students a leg up in the job market.

      Life long friends and networking

      One of the most important benefits of studying abroad is the opportunity to meet new people and make lifelong friends. You’ll be exposed to different cultures and lifestyles, and you’ll learn to appreciate the differences between people. You’ll also have the opportunity to network with people from all over the world, which can be a valuable asset in your career.

      Personal Development & self independence

      When you are in a new country, you are responsible for yourself. You have to manage your own finances, work out your own transportation and find your own place to live. This can be a daunting task, but it is also a great way to learn about yourself. This can be a challenge at first, but ultimately it is a great opportunity to grow as a person. You will learn new things about yourself & the world around you. At the same time, you will develop new skills that will help you in your future.

      Improve language & communication skills

      One of the great things about studying abroad is that it can help improve your language and communication skills. If you’re studying in a country where English is not the primary language, you’ll have to use your communication skills to get by on a daily basis. This can be a great way to improve your language skills and become more confident in your ability to communicate with others. Additionally, even if you’re studying in an English-speaking country, You will come across different accents & dialects which can help improve your communication skills.

      In conclusion, Studying abroad is one of the best ways of accelerating your career, developing new skills and enhancing your CV. It is a journey filled with opportunities, knowledge, & experiences different from those at home. You can contact our team of Study Abroad Consultants for advice on anything from the application process to scholarships: we’ll be happy to help!

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    • Factors to consider while choosing right university abroad

      Factors to consider while choosing right university abroad

      Factors to consider while choosing right university abroad

      The time has come for you to study abroad! The quest for a better education is finally a reality for more students than ever. With the rise of online universities and a globally connected world, you now have more opportunities than ever to choose the right university for yourselves. Choosing a University or College can be a daunting process right?  When it comes to studying abroad, there are many factors one must consider. This blog will take a look at the factors to choose the right university abroad that you should definitely consider.

      Factors to choose right university abroad

      It is highly recommended that students consider overseas schooling when pursuing higher education. This is because of the fact that overseas universities are typically regarded as top-notch institutions with first-rate education. However, before a student comes to the decision of which university to study in, they should consider the following factors.

      Availability of programs 

      There are a few things to keep in mind while looking for the right university. One of the most important factors is the availability of programs. Make sure the university you are considering has the right programs for you. Another important factor is the cost of attendance. Make sure you can afford the university you are considering to ensure the quality of your education.

      Location & On Campus Opportunities

      There are many factors to consider when choosing a university abroad, but one of the most important is the location. You want to make sure you choose a city or country that you will feel comfortable living in for the next few years. Make sure to research the different clubs and organizations available at each university and see if they align with your interests. If you are looking for a specific type of on-campus job, make sure to inquire about the availability of those positions. 

      School Organization and activities

      Is the school well-organized & able to provide the necessary resources, support for students? Are there a variety of activities & clubs available for students to get involved in? These are just a few of the questions that can have a big impact on your university experience. If you’re looking for a more focused academic experience, look for a school that has a strong academic program, provides the resources and support you need to succeed. No matter what your interests are, there’s a university abroad that’s right for you.

      Accreditation

      One of the most important factors to choose the right university abroad is accreditation. Accreditation is a process that refers to evaluation of University by an external body to ensure that it meets certain standards. This is important because it ensures University legitimacy & recognition of degrees by other institutions. When choosing a university, be sure to check the Accreditation by a recognized body.

      Overall Cost and financial aid

      There are a few things you should keep in mind when considering the overall cost of a university abroad. Make sure to get a detailed breakdown of the tuition and fees so that you can compare apples to apples. Secondly have a realistic estimate of how much it will cost to live in your chosen country. Lastly, don’t forget to factor in the cost of travel. If you’re attending school in a different country, you’ll likely need to budget for travel costs. When it comes to financial aid, ensure you complete the FAFSA or equivalent form for your chosen country. Explore any scholarships or grants that you might be eligible for. Furthermore, research the interest rates and repayment options before taking out any loans

      Career Preparation & Placement Opportunities

      With careful research and planning, it is possible to find the right school for your needs. One important factor to consider is the career preparation and support that the university can offer. Internships and placements provide you with the opportunity to gain valuable work experience and build their professional networks. They can also help you secure full-time jobs after graduation. Some schools are better than others when it comes to internships & placements. Do your research to find out which universities have strong relationships with employers and offer the best opportunities for students. 

      To wrap up, Choosing the right university is a big decision, but if you take the time to research your options and consider all of the factors involved, you will be sure to find the perfect fit for you. If you are worried regarding the time factor, WeConnect Overseas has your back. We will help you with a customized plan to start your study abroad journey. Book our free consultation today and get started! 

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    • Importance of SOP & LOR for abroad studies

      Importance of SOP & LOR for abroad studies

      Importance of SOP & LOR for abroad studies

      Getting admitted to a university abroad is a dream come true for many of you, right? We are here to help you draft your SOP as well as a LOR in the best way possible. Read the blog carefully, there are secret tips for you to draft an impressive LOR and SOP within the importance. 

      The statement of purpose is your chance to introduce yourself to the admission panel. It will give them an idea of who you are, what your interests are, and so forth. It’s important to make sure that it is well-written & gives a good overview of who you are, what you hope to achieve. Letter of Recommendation as the name suggests, it is a letter that recommends you as a student, co-worker, colleague. It describes your academic and professional ethics as well as your accomplishments. LORs provide admission officers at colleges, universities with a comprehensive understanding of you as a qualified candidate for their institution.

      Let’s have a look towards the importance of SOP and LOR and a few tips that will help you grab your seat in the dream university.

      Importance of SOP:

      A Good First Impression can work wonders: 

      A well-written statement of purpose can be the difference between getting accepted into your dream school and being passed over. Admissions committees use your SOP, along with your transcripts and LOR, to get a sense of who you are as a person and whether you’re a good fit for their program. Your statement of purpose should be clear, concise, & free of errors. It should give the committee a sense of your personality, your motivations for pursuing a graduate degree, and your research interests. If you can, try to tie your experiences and interests to the specific program to which you’re applying.

      Helps you portray your Unique Personality and Story 

      When it comes to writing your statement of purpose, it’s important to remember that this is your chance to show off your unique personality and story. This is what will set you apart from the rest of the applicants, so make sure to make it count! Your statement of purpose should not only be a reflection of who you are as a person but also what you want to achieve in your future career. Don’t be afraid to be personal and honest in your writing – this is your opportunity to really let your personality shine through.

      Think about what makes you unique and use that to your advantage. What experiences and skills do you have that other applicants don’t? How can you use your story to demonstrate your dedication and passion for your chosen field? Answering these questions will help you to craft a statement of purpose that truly reflects your unique personality and story. So don’t hold back – let your personality shine through and use your statement of purpose to set yourself apart from the rest of the applicants.

      Helps Universities Select you as a right Candidate

      A statement of purpose is a key component of your university application. In order to be selected as a right candidate, your statement of purpose should demonstrate your commitment to your chosen field, as well as your ability to engage with complex ideas and communicate effectively. Furthermore, it is also important to highlight any relevant experience or research you have undertaken. Ultimately, a strong SOP will convince the admissions committee that you are a suitable candidate for their program, and that you will make a valuable contribution to the university community.

      Reflects your Written Communication Skills 

      The most important thing about a strong Statement of Purpose (SOP) is that it reflects your written communication skills. SOP is important as it is not just a list of your accomplishments & goals, but also a reflection of your ability to communicate effectively. The admissions committee will be looking at your SOP as an indicator of your potential to succeed in their program.

      Helps Universities Understand your Mindset & Aspirations & Perseverance

      A statement of purpose is an integral part of any university application. It provides universities with an insight into your mindset, aspirations and perseverance. It is an opportunity for you to sell yourself to the admissions committee. Also, it will help you demonstrate why you are the perfect candidate for their program. To write a successful SOP, you need to be clear about your goals. 

      Importance of LOR:

      Validates your Resume 

      A letter of recommendation can serve as validation for your resume, skills and experience to potential employers. A strong LOR can be the difference between getting your foot in the door & being passed over for an opportunity. If you have a contact who is willing to write a LOR for you, be sure to provide them with a copy of your resume. Also, relevant information about the position you’re applying for. This will help them to tailor their letter to your specific needs. A well-written letter of recommendation can be a powerful tool in your job search.

      Third Person Perspective towards you as an candidate 

      A LOR provides a third-party perspective on your qualifications as a candidate for a given role. This outside perspective can be extremely helpful in convincing the decision-maker that you are the right person for the job. Past employers, colleagues, teachers, or other people who have intimate knowledge of your work ethic & abilities can help you draft a LOR.

      Helps Universities Understand your Valuable Insights and you overcome your Weakness

      A letter of recommendation is a valuable tool that can help Universities understand your insights and weaknesses. By providing a detailed explanation of your skills & abilities, LOR can help you overcome any weaknesses you may have. In addition, a letter of recommendation can also provide Universities with an insight into your work ethic and character. Moreover, by highlighting your positive attributes, you can stand out from the competition. It will increase your chances of acceptance into the University of your choice.

      Helps you portray your Credibility and Expertise 

      A letter of recommendation is an asset that can help you portray your credibility and expertise to potential employers. A well-written letter can attest to your skills and accomplishments, and provide insight into your character and work ethic. Also if you are seeking a new opportunity, a letter of recommendation can be a valuable tool in your job search.

      In a nutshell, Don’t underestimate the importance of your SOP & LOR. It is your chance to make a strong impression & increase your chances of being accepted into the program. Connect with us and gain a more realistic approach for your study abroad journey.  Till then  Good Luck Study Abroad Aspirant!

    • 7 Most Common Study abroad myths

      7 Most Common Study abroad myths

      7 Most Common Study abroad myths

      Why should you study abroad?
      Let’s face it: Studying abroad is as intimidating as You may be wondering, should you study abroad despite the challenges? The road from first considering an overseas program to actually stepping into a university campus on the other side of the world may appear long and difficult, but good planning and a positive attitude can go a long way toward making your dreams a reality!  We’re debunking 7 common study abroad myths to address your concerns of who believes study abroad isn’t for me!

      7 Most Common Study abroad myths you need to know.

      There are many reasons why people choose not to study abroad. Some of these reasons are based on myths or misconceptions about what it is like to study abroad. Here are the myth busters you should not let yourself stop from having the time of your life!

      1. Study abroad is too expensive:

       Regardless of whether you’re studying around any corner, studying anywhere is likely to be an expensive endeavor. The good news is that Overseas education is becoming increasingly popular along with financial aid opportunities. However, It depends on your funding sources, what you’re going to study and how long you’re going to study for. The cost of living in some countries can be high but appropriate budgeting will help you manage your expenses properly.   

      2. Study abroad is only for the students of certain age: 

      This is a common misconception that you might have heard from your friends and family members.Unlike India there is no specific age barrier to complete your Education abroad other than the basic educational qualification. If this sounds like something that would interest you then read on!  

      3. There aren’t many abroad study scholarships available: 

      Scholarships for international students are available based on merit or other criteria. Governments of  countries such as the US,Australia, Japan, UK and a few European countries recognise outstanding performance of international students. They grant funds, financial rewards, and scholarships to promote and develop international education.There are also a few scholarships available through global, national, and regional organisations that will allow you to study in any country. Furthermore, one of the most common university scholarships is a full or partial tuition fee waiver for outperforming international students.  

      4. Studying abroad means it takes longer to graduate: 

      Many students study abroad and complete their degrees in four years. Students earn credits toward graduation requirements while abroad, and these credits can satisfy major, minor, or general education requirements with proper approval.  

      5. You need to learn local language: 

      Universities are focusing foreign student recruitment and offering English-taught programmes for study abroad students. In today’s environment. English has become the default standard for international education. A good IELTS/TOEFL preparation is all a you need to communicate! However, we advise you to learn a few native phrases that can help you explore a new culture  

      6. Only students with high GPA can study abroad: 

      Many students have been discouraged from pursuing higher education at foreign universities due to the myth that only students with high GPAs can study abroad. Although many international universities require students to have high GPAs in order to apply for their programmes, there are some that have lower GPA requirements. This requirement may differ from one university to the next. When it comes to admitting students, GPA is not the only deciding factor. Certain universities also accept students on the basis of their GMAT or GRE scores as well as their work/practical experience. 

      7. Study Abroad is only for certain type of people: 

      If you are someone irrespective of your age, race or any of disability, you can absolutely study abroad. Many universities have resources and tools in in order to make it easier for disabled students to attend classes. Universities abroad prioritise students over anything.  You can also read about the experiences of former or present students with disabilities on online forums. If the thought of commuting and living abroad with a disability makes you uneasy, many universities now provide online courses to pursue your educational goals from any corner of the world.   

      In conclusion, Don’t let these myths keep you from pursuing your dreams. These are just a few myths; surely you have many more in your mind. Connect with us and gain a more realistic approach for your Study Abroad journey. 

      Hope you enjoyed the blog. Do share your views and doubts in the comments below. See you soon! Till then  Good Luck Study Abroad Aspirant!

       

    • Recession And its Impact on Study Abroad Aspirants

      Recession And its Impact on Study Abroad Aspirants

      Recession And its Impact on Study Abroad Aspirants

      Are you wondering whether it is a good time to apply for abroad Studies in United Kingdom & United States or not? There is a stressed atmosphere right now due to the on going recession right? Just remember nothing lasts forever, every problem or mishappening is going to end soon!
      For overseas students, the past two years have been an emotional rollercoaster because of the Covid outbreak and the ongoing global economic recession.
      Lets see a complete overview regarding what it is all about and Recession And its Impact on Study Abroad Aspirants like you!

      What is Recession?

      A recession is a period of short term economic decline. During this time, trade and industrial activity are limited. In general, it indicates a drop in GDP for two consecutive quarters. A recession signifies that the economy is in trouble. Talking about few facts, On an average recession lasts for approximately 18-24 months. The End of recession leads to growth in the economy again. And lastly according to various economists, The economy expects to expand 2.4% in 2024 and 2.3% in 2025. It will be difficult for recent graduates or those who are new to the market to find work. Even more so if they are not from prestigious institutions.

      How will recession affect Study Abroad Aspirants?

      The recession leads to greatest impact on the international education market. Enrolled students are concerned about the completion of their course, while newly enrolled students are concerned about delays in the process. This situation affects prospective study abroad students, who have no idea what shape their plans will take in the coming months. Following states about the recession impact on Study Abroad Aspirants.

      The cost of studies will rise

      The threat of a recession is causing a rise in tuition fees as well as student loan debt accumulates. Even if colleges and universities do not raise tuition, the qualitative costs of higher education will be higher. Students who rely on their parents to repay loans or fund their education may struggle as a result of income reductions. According to Forbes, the fee for a four-year undergraduate programme at Harvard University has increased for Indian students from $82,178 in 2021-22 to $84,413 (69,46,151) in 2022-23. However, the number of courses or intakes is unlikely to decrease. This is due to the fact that international students are a significant source of revenue for all of these universities, and without them, even the universities will struggle to recover financially.

      Long term Study Abroad goals may not be Influenced

      Those graduating this year or next will be the most affected by this situation. Even if the Coronavirus situation is resolved by (ideally) June of this year, economic conditions may not improve until the end of the year. Students enrolling this year will graduate in 2022 or later. That’s when they’d be available for full-time work. In practice, the market should have opened up by then, and more manpower may be required to reverse the economic decline.

      Student exchange program will become more prevalent:

      Collaborations between universities and other organizations and institutions would benefit students as well as universities. Such collaborations would promote student mobility while also providing you with a high-quality education. Student exchange networks between institutions will both fund as well as promote student exchange.  

      How to overcome recession and its Impact

      This is a major concern for the international students who are studying there. But don’t you worry if you are studying there right now. Consider the most important but often overlooked skill and start practicing it to compete for international and online opportunities. Secondly, Examine the accreditation of local institutes ang gain certifications. It will provide you competitive ROI as a student & act as a source of job interest for corporates. Last but not the least, Consider foreign internships in North America, Europe, and the United Kingdom. Foreign online internships are also available, though they are for more specific subjects but have a much higher ROI. The next 3-5 years will be difficult for institutes and students. Make sure you gear up yourself and follows these tips to live a stress free life over there.

      To Conclude, as people revived from CoVid & everything became normal similarly, Recession wouldn’t last more. Later the economy will start to boom greater than usual. It will affect majorly the freshly graduates rather than those appearing now. For all applicants who are thinking about recession & its impact on study abroad aspirants like you all, remember that you will be starting the preparation now & would be flying next year. By the time, the impact of recession would have been dropped. Furthermore, you would be having more 2 years to actually step into the market to start & excel your Corporate journey.

      Hope you enjoyed the blog. Do share your views and doubts in the comments below. See you soon! Good luck Study Abroad Aspirant!

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