Category Archives: Degree

Studying in a foreign country is a dream for an Indian as it opens new doors to career opportunities and growth. The general notion amongst Indian parents is that they will not be able to afford the huge fees and related expenses of studying abroad.  Price and affordability are important factors that every parent has to take into consideration before sending his child on a specific career path. Are you aware that there are at least 5 degrees that offer better ROI abroad than in India? Moreover, the opportunity of being a part of the global education system and getting a degree that is internationally recognized is unparallel. 5 Degrees that offer better ROI abroad than in India Students with academic excellence can get grants and scholarships in foreign universities. The reduced fee structure makes it easier for them to travel abroad for further studies Here are 5 degrees that are cheaper to pursue abroad than in India with great employment opportunities are: 1. Engineering Engineering is one of the highest-paying jobs in the world, with a demand factor for engineers far outweighing the supply quotient. If you are looking for one of the best among the 5 degrees that are cheaper to pursue abroad than in India, then engineering is a sure bet.  Related fields in engineering include Mechanical Engineering Civil Engineering Biomedical Engineering Petroleum Engineering Environmental Engineering Computer Engineering The average salary of an engineer varies between $80,000 - $90,000, with a mechanical engineer earning around $83,590, a civil engineer at $82,220, a biomedical engineer at $86,220, and a petroleum engineer an estimated salary of $88,700. Many foreign universities offer scholarships that can reduce the overall cost of studying and offer  high-paying internships to add to your overall resume. After graduation, engineers can easily find high-paying jobs in countries like the UK, USA, Norway, Germany, Australia, and Canada. Additional read: What is the cost of education in India? 2. Actuarial science Students who are interested in actuarial science can expect a hefty pay package post-study. It is one of the unique study courses in the STEM fields with very high demand in countries like the USA, UK, New Zealand, and Australia.  Students who study actuarial science can work as Actuarial Analysts Assurance Managers Internal Auditors Health Actuaries Audit Managers Financial Auditors The occupational areas of actuarial science include professional technical and scientific services and finance and insurance. You can understand the high demand for actuarial scientists in developed countries by its estimated salary median of $97,070. 3. Pharmaceutical Science Pharmaceutical science and healthcare are important study courses that provide numerous growth opportunities in your career path. The estimated average annual salary of a pharma scientist is between $80,000 - $100,000.  People who have chosen this field develop new drugs, evaluate medication use, prepare medications, and educate patients about the different medications Students who are studying pharmaceutical science can work as Pharmaceutical Scientists Medical Publisher Research Assistant Quality Control Assistant Drug Safety Associate Microbiologist Pharmacy Technician Pharmaceutical science is an in-demand degree course as students can easily get good jobs in biotech and drug manufacturing companies, government agencies, academic institutions, and hospitals. 4. Computer Science / Cyber Security Students who want to study computer science or cyber security have a bright future as these are high-profile jobs with great demand in both developing and developed countries like the USA, UK, Israel, and Germany. Students pursuing this degree course can work as  Security Administrator Cyber Security Analysts Security Architect Security Consultant Information Security Analyst Firewall Administrator The average annual salary of a pass-out with these degrees is an estimated $90,120. They work towards safeguarding the computer systems and network of a company and shielding them from any sort of cyber-attacks and data breaches. Source: pixels 5. Finance Last but not least among the 5 degrees that are cheaper to pursue abroad than in India is the finance course study. Students who pursue this course have better job opportunities in countries like Japan, the USA, the UK, Australia, and Ireland The average annual salary of $89,160 acts as a powerful magnet to lure students toward this course. After completing their studies, they can work as Financial Advisor Personal Banker Wealth Strategist Portfolio Manager Financial Planner Lending Analyst The occupational areas of students pursuing a career in finance are financial investment firms, loan groups, and banks. It is a fact that most students face indecision about pursuing higher studies in India or abroad just because of the high-cost structure.  The ROI offered by these programs makes them a great investment. These courses are universally claimed and are in demand because of their international demand. Countries like the US, Australia, Germany, Netherlands, Belgium, UK offer incentives like scholarships, grants, work permits, and job placements to encourage students to take up these courses and enter their workforce.  FAQs What degree gives the highest return? Degrees in fields like computer science, engineering, finance, medicine, and business administration often yield high returns due to strong demand and earning potential. However, the highest return depends on individual skills, market trends, and personal interests. Researching job prospects and considering long-term career satisfaction is essential when choosing a degree. What degrees have a positive ROI? Degrees in STEM fields (science, technology, engineering, mathematics), healthcare (medicine, dentistry, pharmacy), economics, and business administration generally offer a positive Return on Investment (ROI) due to high earning potential and job demand. However, individual success also depends on factors like location, job market, and personal dedication. What courses have the best ROI? Courses with the best Return on Investment (ROI) often include computer science, engineering (especially software engineering), data science, finance, nursing, and certain medical specialties. These fields offer high earning potential and strong job growth, making them attractive options for individuals seeking a favorable return on their educational investment. Which degree is best to study abroad? Degrees in fields such as international business, engineering, computer science, natural sciences, and arts and humanities can be excellent choices for studying abroad. These degrees offer opportunities for cultural immersion, global networking, and exposure to different academic perspectives, enhancing the overall educational experience while preparing for an international career.

Ivy League universities also offer various forms of financial support to international graduate students, including teaching and research assistantships, fellowships, and other forms of funding. However, the availability and amount of support may vary by program and institution. The Ivy League universities offer various types of scholarships to international students, which may include the following: Need-Based Financial Aid: Ivy League universities offer need-based financial aid to international students who demonstrate financial need, which is determined by the student's family income, assets, and other factors. Need-based aid can cover tuition, room and board, books, and other expenses. The amount of aid awarded to international students can vary depending on the institution and the student's financial circumstances. For example, in the 2020-2021 academic year, Princeton University provided need-based financial aid to 1,056 international undergraduate students, with an average award of $72,000. Columbia University provided need-based aid to 1,186 international undergraduate students, with an average award of $60,000. Merit-Based Scholarships: Ivy League universities may also offer merit-based scholarships to those international students who successfully manage to demonstrate exceptional academic achievement or other outstanding talent, such as in athletics, the arts, or community service. Merit-based scholarships can cover full or partial tuition and can also include additional benefits such as research opportunities, mentorship, and other forms of support. For example, in the 2020-2021 academic year, Harvard University awarded 22 undergraduate scholarships to international students, with an average award value of $68,000. These scholarships are given to those who show excellent academic achievement, leadership qualities, and personal character. Athletic Scholarships: Ivy League universities offer athletic scholarships to international students who excel in sports, although the scholarships are limited in scope. Ivy League institutions do not offer full-ride athletic scholarships and instead provide need-based financial aid to student-athletes. Research and Teaching Assistantships: Ivy League universities may offer research and teaching assistantships to international graduate students, which provide funding for tuition and living expenses in exchange for research or teaching work. These positions can be highly competitive and are often awarded based on academic achievement and research potential. For example, in the 2020-2021 academic year, Yale University's Graduate School of Arts and Sciences provided teaching assistantships to 551 international graduate students with an average stipend of $28,830. Columbia University's Graduate School of Arts and Sciences provided research assistantships to 1,147 international graduate students, with an average stipend of $33,000. Fellowships: Ivy League universities may also offer fellowships to international graduate students to support their research or academic pursuits. Fellowships can provide full or partial tuition coverage, as well as other benefits such as funding for research or travel. Fellowships are often awarded based on academic achievement, research potential, and other factors such as diversity and inclusion. For example, in the 2020-2021 academic year, Brown University awarded fellowships to 26 international graduate students, with an average stipend of $31,000. These fellowships are intended to support graduate students in their research and academic pursuits. It's important to note that the availability and amount of financial aid and scholarships can vary from institution to institution and from year to year. International students should research each institution's specific financial aid policies and scholarship offerings and plan to apply early and thoroughly to maximize their chances of receiving support. Approaching education counselors from Edufund can be an excellent way for international students to get the help they need to draft a strong application and apply for scholarships at Ivy League universities. Ivy League universities offer various types of financial aid and scholarship opportunities to international students, including those from India. These opportunities can help alleviate the financial burden of attending a prestigious institution and can open doors to valuable academic and personal experiences. It's important for international students to research each institution's specific financial aid policies and scholarship offerings and plan to apply early and thoroughly to maximize their chances of receiving support. While competition for financial aid and scholarships can be fierce, students who demonstrate exceptional academic achievement, leadership skills, and personal character may be eligible for a range of opportunities to support their education and career goals. Ultimately, studying at an Ivy League university can be a life-changing experience for international students, offering access to world-class faculty, cutting-edge research, and a diverse and stimulating community. With the right preparation and support, international students can thrive at these institutions and make lasting contributions to their fields and communities. Talk To an Expert

Introduction: The Price of Aspirations For countless students across India, the National Institutes of Technology (NITs) hold an esteemed position as the pinnacle of engineering education. These institutions offer exceptional academic standards and a myriad of promising career opportunities. However, the cost of studying at NITs can often be a cause for concern for aspiring students and their families. Let's delve into the various factors that influence the cost of studying at NITs while shedding light on scholarships and financial aid programs that can help alleviate the financial burden and make these dreams a reality. Tuition Fees: An Investment in Knowledge and Future Success At NITs, the tuition fees are determined by factors such as the chosen course and the category to which the student belongs. For undergraduate courses, students falling under the General and OBC categories can expect to pay tuition fees ranging from INR 1.25 lakhs to INR 2.25 lakhs per year. Conversely, SC/ST and PwD category students enjoy significantly lower fees, ranging from INR 6250 to INR 22500 per year. The fees for postgraduate courses follow a similar structure, with General and OBC category students paying higher fees compared to their SC/ST and PwD counterparts. It is important to consider these fees as an investment in one's knowledge and future success, as NITs provide a solid foundation for a prosperous career in engineering. The comprehensive curriculum and experienced faculty at NITs ensure that students receive a high-quality education that prepares them for professional challenges and fosters personal growth. Cost of Studying in IIM Read More Hostel Fees: Accommodation, Community, and Convenience Beyond tuition fees, hostel fees are an integral component of the overall cost of studying at NITs. These fees encompass not only accommodation but also include essential amenities such as food and access to various facilities provided by the hostels. While the exact fees can vary based on the location of the NIT and the range of facilities offered, students generally pay around INR 20,000 to INR 30,000 per year for hostel services. These fees are relatively reasonable considering the inclusive nature of the arrangements and the convenience they provide to the students. Hostel life also fosters a vibrant community, allowing students to build lasting friendships and engage in extracurricular activities that contribute to their holistic development. Living on campus provides an immersive academic experience, access to resources, and a supportive network of peers, enhancing the overall learning journey. Cost of Studying MBBS in the USA Read More Other Expenses: Navigating the Financial Landscape In addition to tuition and hostel fees, students should consider various other expenses that come with pursuing education at NITs. These expenses encompass the cost of books, stationery, and study materials, which can vary depending on the chosen course and curriculum. Additionally, students may need to allocate funds for transportation, medical expenses, and other miscellaneous costs that arise during their academic journey. While these expenses may initially seem daunting, effective planning and budgeting can help students manage them responsibly, ensuring a smooth and enriching experience at NITs. Seeking cost-effective alternatives for study materials, utilizing campus resources, and participating in shared transportation options can all contribute to minimizing these additional expenses. Scholarships and Financial Aid: Empowering Dreams and Overcoming Obstacles Recognizing the financial challenges faced by students from economically weaker backgrounds, NITs offer a range of scholarships and financial aid programs. These initiatives aim to provide support and assistance to deserving students who may find it difficult to bear the entire cost of education. Prominent scholarship programs include the Central Sector Scheme of Scholarship for College and University Students, the Post Matric Scholarship for SC/ST Students, and the Merit-cum-Means Scholarship. By actively applying for these scholarships and financial aid programs, students can significantly reduce their financial burden and focus on their studies with peace of mind, empowering them to pursue their dreams without compromise. These scholarships not only alleviate the financial stress but also recognize and reward academic merit, talent, and dedication, motivating students to excel in their chosen fields. Conclusion: Investing in a Bright Future Undoubtedly, studying at NITs involves a financial commitment, but it is an investment in one's future that should not be underestimated. The unparalleled quality of education and the wide-ranging career opportunities provided by NITs make the investment worthwhile. While the cost of studying at NITs may vary based on factors such as the chosen course, location, and personal circumstances, the availability of scholarships and financial aid programs ensures that financial constraints should not deter talented students from pursuing their dreams. The journey through NITs opens doors to a world of possibilities, shaping the future of aspiring engineers and propelling them toward success. By embracing the opportunity to study at NITs, students are not merely investing in their education but also investing in a bright and prosperous future. The experiences gained, the knowledge acquired, and the network formed during the NITs' academic journey are invaluable assets that will pay dividends throughout their professional careers. With determination, hard work, and the support of scholarships, NITs can truly be a gateway to success for ambitious individuals seeking to make a positive impact on the world through engineering and innovation. Talk To An Expert

Getting a degree is a necessity for success in today's extremely competitive work market. However, for many people who want to pursue their aspirations, soaring college fees have turned into a serious hurdle. The good news is that degrees with a high return on investment (ROI) are still accessible and reasonably priced.  These degrees provide a valuable opportunity for students to gain the knowledge and skills necessary for lucrative careers without burdening themselves with excessive student loan debt. In this blog post, we will explore some of the most affordable degrees with high ROI, enabling individuals to make informed decisions about their educational and financial futures. What does ROI mean? ROI is a metric used to compare a financial advantage, such as an annual income, to the investment made to obtain that benefit, such as college tuition. When you make back more money than you spent, you have a positive ROI. For instance, it's crucial for medical students to locate employment that will allow them to repay their $200,000(INR 1.64 cr) in school debt and make enough money to maintain themselves. Lucrative employment offers them a great return on their educational investment. Affordable Degrees | Optimize Your ROI Computer Science and Information Technology The demand for experts in computer science and information technology is rising as a result of the quick development of technology. Earning a degree in this area of study might open up lucrative job options. Programs in computer science and information technology are available online and in many accessible universities and colleges. These programs frequently include practical experience, internships, and links to the business, all of which considerably improve graduates' employability. Graduates with a degree in computer science can expect average salaries ranging from $65,000 to $120,000 (INR 53.3 to 98.4 lakhs)  per year, depending on factors such as specialization and location. Nursing and Healthcare Nursing and healthcare degrees are widely sought after since the global healthcare business is one of the fastest-growing industries. Numerous respectable universities provide reasonably priced associate's and bachelor's degree nursing programs. Nursing graduates frequently land in highly sought-after, lucrative careers, making this degree a great financial investment. A job in healthcare also offers the chance to improve people's lives, which adds to its inherent rewards. Nurses with a bachelor's degree can earn average salaries between $60,000 (INR 49.2 Lakhs) and $100,000 (INR 82 Lakhs) per year, depending on their location and level of experience. https://www.youtube.com/watch?v=q5JdCRkgcT8 Engineering Mechanical, civil, electrical, and aerospace engineering degrees routinely rank among the most cost-effective degrees with the highest ROI. Many businesses, including manufacturing, construction, and technology, are in need of engineering graduates. These courses often give students a strong foundation in science, math, and problem-solving techniques. Additionally, university-sponsored engineering co-ops and internships enable students to network with future employers while gaining real-world experience. Although this degree typically requires a higher upfront investment, graduates can enjoy high earning potential, with average salaries ranging from $90,000 to $150,000 (INR 73.8 to 1.2 cr) per year. 5 Degrees that provide better ROI Abroad than in India Read More Business Administration and Management A degree in business administration or management opens doors to a wide range of career paths and can be obtained at affordable institutions. These programs equip students with essential skills in leadership, finance, marketing, and entrepreneurship. Graduates often find employment in various industries, such as finance, consulting, and marketing. Moreover, pursuing an affordable business degree can also serve as a stepping stone for aspiring entrepreneurs, providing them with the knowledge and network necessary to start their own successful ventures. Professionals in this field can earn average salaries between $60,000 (INR 49.2 Lakhs) and $120,000* (INR 94.8 Lakhs) per year, depending on their role and experience. Renewable Energy and Environmental Science Degrees in environmental science and renewable energy have become increasingly important as the globe concentrates on sustainability and tackling climate change. Numerous colleges provide reasonably priced courses in environmental sciences, environmental engineering, and renewable energy. Graduates in this sector can benefit from great employment possibilities while also helping to create a more sustainable future. Professionals in this sector should anticipate competitive remuneration and long-term job security as a result of the growing need for renewable energy solutions. Professionals in the field of environmental science can earn average salaries between $50,000 (INR 41 Lakhs) and $80,000 (INR 65.6 Lakhs) per year, depending on their specific role and industry. Research respected universities that provide top-notch programs and have a history of turning out successful graduates while looking for cheap degrees. Scholarships and other forms of financial assistance can also lessen the cost of attending college. The secret is to select a degree that fits your hobbies and interests while also taking the cost into account. You may open up a world of options and start along a path to professional and financial success by making an informed choice and making a judicious investment in a degree that is cheap and has a good return on investment. Talk To An Expert

In the previous article, we discussed whether can you really do an MBA in the UK for under 25 lakhs. In this article, we will discuss the cost of studying law and some law scholarships that can help you! Scholarships are an essential form of financial assistance when it comes to higher education. But can scholarships alone cover the tuition fees and living costs for your child’s law degree?   Let’s see!  The average cost of studying law in India is Rs. 1 lakh to Rs. 2 Lakh per annum while pursuing a law degree abroad is close to $30,000 - $40,000 (Rs. 24- 32 lakhs). Considering most scholarships cover a portion of your fees or living expenses, it is safe to say that relying on a scholarship can be tough. Let’s explore this by diving deeper into the cost of studying law. Cost of Studying Law   The cost of studying law greatly differs based on the country and university. It ranges anywhere between Rs. 1 lakh to 20 lahks per annum. Pursuing law in India is relatively affordable when compared to countries like USA, UK, and Canada. Here are some reasons why studying is cheaper in India:  International students are charged a higher fee than national students which increases the cost of tuition fees  The cost of living is relatively higher in the USA, UK, and other countries than in India.   Rupee depreciation directly affects your budgeting and the everyday cost of living for your child in a foreign. If the rupee falls against the dollar, the prices of different commodities rise, making everyday goods more expensive for students on a tight budget.  There are miscellaneous costs like Visa costs, flight expenses, health insurance, travel insurance, etc can be omitted if your child decides to study in India.   Note: Even though the cost of education is higher abroad, there are multiple perks as well. Countries like UK and the USA are known for their law schools and exceptional ROI. They are home to universities like Oxford, Cambridge, Harvard, and Yale which are highly competitive when it comes to their law programs. Source: pixabay Types of scholarships Scholarships your child can consider for their law degree:  Merit-Based Scholarships  These scholarships are primarily based on your academic performance, LSAT score, and undergraduate GPA. These scholarships are given to second and third-year students after their excellent performance in the first academic year. Hence, your child cannot rely on this scholarship for their entire degree. You may have to pay tuition fees in the first year.  Criteria-Based Scholarships  In criteria-based scholarships, the university sets criteria for students. If the students fall within the bars or follow the mentioned guidelines, they can avail the benefits of the scholarship. Quite a few times, these scholarships come from external sources. Universities often try to encourage students to take a particular course by providing them with scholarships. In this case, you cannot be assured that the university will give your child a full-ride scholarship. It would help if you were keeping a proper budget in this scenario.  Endowed Scholarships  Endowed scholarships are somewhat related to criteria-based scholarships, except that the criteria are set by a specific donor responsible for creating the required qualifications. Usually, these requirements are for students into some particular activity or degree.  Local Scholarships  There are certain institutions or organizations which provide scholarships based on a variety of qualifications and amounts. It would help if you did proper research to get the details of these organizations. Their main aim is to attract students to take a specific particular or help talented, underprivileged students get into the desired course. The government also plays an essential part in this type of scholarship. It would help if you researched different scholarship programs offered by the government. If you land on one of them, you can be assured that you will not have to pay a single penny for your education.   Can law scholarships cover the cost of studying?  There are many scholarships for law; some are offered by universities, government, or local entities.  In India, there are scholarships like the Aditya Birla Group scholarships for a law that have rewards up to Rs 1,80,000 per annum and the Post-Matric Scholarship for Minorities with a reward of Rs 20,000 per month, including their tuition fees. These rewards can help your child cover a significant part of their expenses.    A popular and prestigious law scholarship is the Rhodes Scholarship for Oxford University. Being the most rewarding scholarship, it still does not provide a free- educational experience. Students have to cover their living costs and accommodation on their own.   While winning a law scholarship is financially helpful it may not be enough to cover your child’s entire law degree. The easy solution to this problem is to create a college fund for your child’s higher education. By calculating the future cost of studying a course using a college cost calculator and saving in multiple instruments like Mutual Funds, Digital Gold, or US ETFs, you can help your child argue their way into a law career! FAQs What is the cost of studying law in India? The cost of studying law greatly differs based on the country and university. It ranges anywhere between Rs. 1 lakh to 20 lahks per annum. Pursuing law in India is relatively affordable when compared to countries like USA, UK, and Canada. Can law scholarships cover the cost of studying?  There are many scholarships for law; some are offered by universities, government, or local entities.  In India, there are scholarships like the Aditya Birla Group scholarships for a law that have rewards up to Rs 1,80,000 per annum and the Post-Matric Scholarship for Minorities with a reward of Rs 20,000 per month, including their tuition fees. These rewards can help your child cover a significant part of their expenses.    Which universities offer scholarships for law? UCLA School of Law Duke Law School New York University Law School The University of Pennsylvania Law School Boston University Law School The University of Virginia Law School Arizona State University Law School The University of Texas Law School TALK TO AN EXPERT

India, with its vast diversity and rich cultural heritage, is renowned not only for its bustling markets and historical landmarks but also for its esteemed educational institutions. When it comes to pursuing a Master of Business Administration (MBA) degree, India stands out as a prime destination, offering some of the best MBA colleges in the world. While the cost of an MBA in India is relatively lower compared to countries like the United States, Canada, and the United Kingdom, certain institutions command a higher price tag due to their exceptional quality, unmatched academic rigor, and outstanding faculty. In this article, we will delve into the most expensive MBA colleges in India, exploring what sets them apart and why they are worth the investment. Indian School of Business (ISB), Hyderabad Topping the list of the most expensive MBA colleges in India is the Indian School of Business (ISB), located in Hyderabad. Renowned as India's most expensive private business school, ISB sets its tuition fees at an impressive INR 34,63,000 ($42k). However, this considerable cost is more than balanced out by the institution's remarkable salary statistics and exceptional return on investment. Graduates of ISB's MBA-equivalent Program in Management (PGP) witness a staggering 184% increase in their pre-enrollment salary within just three years of graduation. This remarkable feat remains unmatched globally. In 2022, the Financial Times recognized ISB graduates as achieving the highest salary percentage increase among graduates from business schools worldwide. Cost to Study MBA in India Read More Xavier School of Management (XLRI), Jamshedpur Steeped in history and recognized for its stellar faculty and rigorous curriculum, the Xavier School of Management (XLRI) stands as one of the oldest and most prestigious business schools in India. The two-year MBA program at XLRI demands a total fee of approximately INR 25 lakhs. While this may seem substantial, the investment is well worth it, considering XLRI's unwavering commitment to academic excellence and holistic development. The institute's rigorous curriculum equips students with the skills and knowledge needed to excel in the corporate world. Moreover, XLRI's strong industry connections and placement record ensure lucrative career opportunities for its graduates. Scholarships for MBA in India Read More Indian Institute of Management (IIM), Ahmedabad When discussing the most prestigious business schools in India, the Indian Institute of Management (IIM), Ahmedabad, undeniably occupies a prominent position. Known for its rigorous academic curriculum, exceptional faculty, and unparalleled reputation, IIM Ahmedabad charges a total fee of around INR 23 lakhs for its two-year MBA program. The institute's commitment to academic rigor and its emphasis on fostering leadership skills have propelled it to global recognition. The comprehensive program at IIM Ahmedabad ensures that students are equipped with the knowledge, analytical thinking abilities, and problem-solving skills necessary to thrive in the dynamic business environment. Indian Institute of Management (IIM), Bangalore Another gem among India's elite business schools is the Indian Institute of Management (IIM), Bangalore. With its world-class faculty, rigorous academic curriculum, and emphasis on innovation, IIM Bangalore nurtures visionary leaders in the business world. The two-year MBA program at IIM Bangalore commands a total fee of around INR 23 lakhs. The institute's focus on experiential learning, case studies, and industry immersion ensures that graduates emerge as well-rounded professionals ready to make a significant impact in their respective fields. The extensive network and strong alumni base further contribute to the exceptional career opportunities available to IIM Bangalore graduates. Conclusion While the cost of pursuing an MBA in India may be relatively more affordable compared to certain Western countries, the most expensive MBA colleges in India offer an unparalleled educational experience that justifies their price tag. Institutions such as ISB, XLRI, IIM Ahmedabad, and IIM Bangalore not only provide a transformative academic journey but also pave the way for lucrative career prospects. The investment in these esteemed institutions is a testament to the value they bring in terms of intellectual growth, professional development, and global networking opportunities. Aspiring business leaders seeking excellence and ready to embark on an educational adventure will find these institutions to be the epitome of world-class management education right in the heart of India. The rich heritage, diverse culture, and global outlook of these institutions make them a destination of choice for those who aspire to shape the future of business and leadership. Talk To An Expert

B.Tech is a professional undergraduate technology program designed for individuals sharing a love for machines and software. It is a 4-year program designed to build competitive intelligence, logical thinking, and technical and interpersonal skills.   How much does B.Tech cost in India?   The average cost of a 4-year B.Tech degree program in India is around 3 lakhs in Government colleges, and the fees go up to 20-30 lakhs in private colleges in India.   The numbers catch the concern - How to Fund your Child’s B tech in India?   To know the answer, read ahead.  4 Tips to Fund Your Child’s B.Tech Program in India   Finance must not be a barricade to a meritorious student. Check the below ways to fund your child’s B.Tech program in India:  1. Invest in Aggressive Funds   If your child has 3-5 years to start their engineering degree, check Aggressive Hybrid Funds. If you invest up to 75%, you may receive good returns, which are less volatile and safeguard your money.  PRO TIP: If your child is yet to think about his Engineering future or has over 7 years to pursue the degree, tap into multi-cap funds. In these, you can invest across different sectors and company sizes. It diversifies your portfolio for better returns.  2. Start SIPs (Systematic Investment Plans)  SIPs make it easier to invest in and nurture the educational goals of your child. Invest a small sum every month. Some significant benefits include:  Only a minimal amount of money needs to be put forth every month.  It would not affect your budget and lifestyle.  The more years you have to finance your child’s B.Tech dreams, the less amount you need to invest in SIPs.    For example: If you put aside Rs.5000 every month in SIPs for 15 years, you can accumulate around 25.2 Lakhs in 15 years.   That’s huge. However, you must start it at the earliest.  3. Analyze different education loan   According To BankBazaar.com, “One in six students apply for a B-tech Degree in India.”   To finance education, guardians can check out education loan options. The tenure of these educational loans lies anywhere between 5-7 years. The loan covers –  exam fees,  library costs,  admission fees,  accommodation charges,  tuition charges, and  miscellaneous charges.   The repayment begins after the child’s education completion. However, you must repay the total amount within 5-7 years. You may find different interest rates from lender to lender.   If the loan is not for more than 4 lakhs, the interest rate would be less. Apart from that, some lenders do not ask for collateral as tangible security over the loan unless the amount exceeds 4 Lakhs.   Eligibility Criteria for an Education Loan:   The applicant must be an Indian resident.   The applicant's age cannot exceed 35.  The applicant must have an admission receipt from a recognized government or private B. tech University (accredited by UGC, Government or AICTE, or others)  The applicant must have a co-applicant on loan to qualify for a credit score and repayment guarantee.  You must check and apply carefully.  4. Scholarship programs   Many private and Government institutions provide scholarships to aspiring engineering students. The scholarship programs launched by the Government of India have criteria to qualify.   For example:  Pragati scholarship scheme  HMRC (Ministry of Human Resource and Development) designed this scheme, especially for female B.Tech candidates. Under this, if a girl’s household income is less than 8 lakhs, she can qualify for the program. Each candidate gets Rs.4000 annually. Apart from this, the scheme covers tuition fees of Rs. 30,000. In some mishappenings, the government takes care of the expenses and provides Rs. 20,000.  As per the latest update,   “Saint Gobain India, a renowned Glass Business company, announced Merit Scholarship for 40 girls’ students pursuing B.Tech at IITDM (Indian Institute of Information Technology, Design, and Manufacturing).”  Through this move, the company donated 2.24 crores and will support the B.Tech education of 40 girl students for 8 years.  There are a host of private and government scholarships to apply for. Some of them include:  NTPC Scholarship program (National Thermal Power Corporation  Tata Scholarship for engineering students  Siemens Scholarship programs  VIT Ignite Scholarship (Vellore Institute of Technology)  Conclusion These are some ways to fund your child’s B.Tech in India. Identify your finances and plan your child’s Engineering future without any hassle. FAQs How can I secure my child's education?  Ans. Secure your child's education by saving early in dedicated education funds, investing wisely, researching scholarships and financial aid, fostering a love for learning, and encouraging open communication about educational goals. Prioritize their academic needs and explore diverse learning opportunities to ensure a bright future.  How do I plan my future child?   Ans. To plan for your future child, focus on your own physical and emotional well-being, consider your financial stability, create a supportive environment, discuss parenting values and responsibilities with your partner, research childcare options, and be open to adapting your plans as your family grows.   How do you secure your future financially?   Ans. Secure your future financially by creating a comprehensive budget, setting financial goals, saving consistently, investing wisely, diversifying your income streams, managing debt responsibly, and staying informed about personal finance. Additionally, consider seeking professional financial advice to perfect your financial planning and ensure a stable and prosperous future.  TALK TO AN EXPERT

A Master’s in Canada is a professional degree of 1-2 years. It is a thesis and curriculum-based program. Some Canadian universities even provide a combination of the best of these two.  A PGDM (Post-Graduate Diploma) is considered below the master’s degree. One can apply for it just after graduation. The course duration is generally less than a year or a year in Canada.   Many guardians share this confusion- “Should my Child consider a Master's or PGDM to enroll in Canada?”   You being on the page and reading this blog means that you are one of the guardians. So, read the full piece below and get answers to all of your questions. https://www.youtube.com/watch?v=x9B8449Iuw4 Excel in Canada: Masters or PGDM? Parameters Masters PGDM Course duration 1-2 years  0-1 year Eligibility criteria 6.5 bands in each module; overall, 7 bands 6 bands in each module, 6.5 in the overall module Letter of Recommendation 2 letters None Fees Around 15-20 Lakhs 7-15 lakhs Academics It has more value than PGDM Share less value than Masters  Work-Permit 3 years 1 year Bachelors’ qualification 70% in graduation, 3-GPA (Grade Point Average) Undergraduate degree of 3 years and work experience English Proficiency test TOEFL and IELTS TOEFL and IELTS Intakes  September and January September, January, and May Top Courses To study in Canada Computer Science, Public Health, Human Resource Management, Civil Engineering Nursing, Pharmacy, Business Management, and Engineering  Top Universities in Canada with the highest acceptance rates in 2022 (Above 70%) Lakehead, Thompson, Brock, Yorkville, Ryerson, University of Toronto Seneca, Royal Roads, Centennial College, University of Winnipeg, Humber College Average Salary (per year)  $ 47,000-$ 71,000  (INR 29,12,274.16 - INR 43,37,257.16) $ 25,000- $ 50,000 (INR 14,71,464 - INR 29,42,928)  Who is a PGDM in Canada suitable for?  Who wishes to lead the corporate world?  Wishes to improve leadership and team-building skills.  Wants to learn about effective resource management.  Wants to excel in communication skills as a leader.  Wants to have a tab over strategic and planning principles.  Who is a Master’s in Canada suitable for?  Wants to pursue a career in the graduation subject.  Wants to know more about a specific field.  Wants to improve career and employment prospects.  Progressing to a higher level of education (Ph.D.).  Develops interest in a single niche, for example - choosing content writing after a Master's in English.  By now, you must have got halfway through your answer to - Should your child enroll in master's or PGDM in Canada?  Living expenses in Canada Read More Is PGDM the same as MBA?  No, PGDM is different from MBA. Both of these courses are management courses offered by Canada. A PGDM diploma is for 1-2 years, while MBA is for a 2–3-year program.  Why Canada is the best country to Study Abroad for Indian Students? Read More Why apply for PGDM in Canada?   It provides various career opportunities for HR professionals, Marketing Managers, consultants, accountants, and Financial Managers.  Diplomas from Canada are highly-valued  PGDM students earn more salary than Indian Courses. Students make 17% more than in India after completing PGDM.  Good increment percentage  Big recruiters: Accenture, Deloitte, Tim Hortons, Royal Bank of Canada  Pursuing a course in Canada is more economical than in other countries.  Provide better employment opportunities. The country shares a high employment rate.  Great immigration opportunities for academically-good students  The country provides post-study opportunities.  The country is safe for students, ranking 8th on the Global Peace Index.  https://www.youtube.com/watch?v=nyV0rwJu-7c Why apply for Masters's in Canada?   The country is a host to the top Master’s universities like the University of Toronto and McGill  Opportunity to work with the world-leading experts  Provide a personalized institutional model to align with the student’s goal  The universities host discussion-based and seminar classes  28 Canadian universities rank in QS World University Rankings 2022  7 Universities Rank in World University Rankings 2022  The country provides growth opportunities for the research and development field. If you are an R&D student in Medicine, telecommunication, environmental science, agriculture, and technology, Canada is the place to be.   In Canada, a student can work to earn an extra every week during breaks (summer and winter breaks).   MBA in Canada under 40 lakhs Read More Can your child apply for a master's after PGDM in Canada?   Yes. Most universities create a course structure to prepare students for their master's.  Here are the eligibility criteria:  Parameters Eligibility Criteria for Masters Eligibility Criteria for PGDM     GPA (Grade Point Average) 16years of education, 3.0 /4 in Bachelors, Students with 15 years of experience would have to enroll in a course at a Canadian university An undergraduate degree with a minimum of 60% IELTS/TOEFL score 6.5, Some Canadian universities allow one to pursue without one 6.0-6.5 CGPA (Cumulative Grade Point Average)   7.0-7.5 6.0-6.5 GRE (Graduate Record Examination) score   140 in verbal, 150 in quantitative. N.A. (not applicable) GMAT (Graduate Management Admission Test Score) 550 N.A. Work experience 1-3 years 2 years  PGDM Vs Master’s in Canada – Important documents for application  Documents Required:   Proof of funds as a fee affordability factor  ID proof  A valid passport  Passport-size photographs  IELTS/TOEFL scores  Statement of Purpose- It states the purpose a student applies for a particular course in Canada  Letter of Recommendation- It is provided by a past university and states the applier’s experience and conduct  Academic Transcripts  University Degrees  Source: pixabay What are some important documents requirements for a Canadian study visa?   Documents Required:   A valid passport  Visa application form  Application Fee Receipt  University admission proof  Colored photograph  Health insurance (If any)   Financial statements  English Language Proficiency Test Proof  So, should your child consider a master’s program or prepare for PGDM in Canada? You must have cracked it by now.  FAQs Is PGDM equivalent to Masters's in Canada?  In Canada, PGDM (Post Graduate Diploma in Management) is generally not considered equivalent to a Master's degree.  Which is better master's or PG Diploma?   The choice between a master's and a PG Diploma depends on individual preferences and career objectives. A master's degree typically provides more in-depth knowledge and research opportunities, while a PG Diploma offers specialized practical skills and a shorter duration. Consider your career goals and academic interests to make the best decision.  Is it worth doing PGDM in Canada?  The worth of doing a PGDM in Canada depends on individual career goals, program reputation, and potential job opportunities.  TALK TO AN EXPERT

In the previous article, we discuss how to financially prepare to send your child abroad. In this article, we will discuss what is better for children studying law in the UK or USA 80% of Indian students flock to study in the UK, USA, or Canada for law, MBA, and STEM courses. This is because these countries offer tremendous academic opportunities, a brilliant ROI, and a chance to work globally. Since law is the most popular course pursued by Indians, let’s see which is better - studying law in the UK or the USA for your child.   Law in the USA  The USA is a preferred country for higher education for most of the students in India. It is one of the best choices for studying law because it offers a plethora of dignified universities to elevate your child’s CV. Not only will it improve their communication skills and strategies, but it can also provide them with exposure to different law specializations that other universities may not offer. From moot courts to internships, the exposure offered by Law Schools in the USA is tremendous; this is why these schools have a very low acceptance rate and are highly competitive.    Some of the best law universities in the USA are as follows:  Yale University  Stanford University  University of California, Berkeley  Harvard University  Columbia University  Law in the UK  The UK offers the best environment to work and learn simultaneously. Since the law system is similar to that of India studying here allows you to practice in both countries. Your child can grab opportunities that will help them build connections and work across the globe.   Some of the best law universities in the UK are as follows:  London School of Economics  King’s College London  University of Cambridge  University of Edinburgh  University College London Important parameters to consider while choosing the UK or the USA 1. Living costs  Living Cost is one of the necessities that have to be dealt with. Public transportation is not comprehensive in the United States of America. Hence, the transportation costs go a little because you will have to go for a private vehicle. The situation is better than in the United Kingdom and will cost you less. On the contrary, various activities, including eating out, shopping, and so on, are relatively cheaper than in the United Kingdom. The rents of apartments will vary from one location to the other, so you cannot fix a budget prior without knowing where you are supposed to live.   2. Tuition fees  Tuition fees for a law degree are higher in the United States of America than in the United Kingdom. The best universities offering the degree in regulation in the USA are often private. The best and most prestigious universities in the UK function under the government. The tuition fees in the best universities in the UK can range from around Rs 20,00,000 to Rs 28,00,000, whereas the amount is Rs 40,00,000 to Rs 54,00,000 in the USA.   3. Career planning  If you are drawn towards studying law in the USA, choose the university wisely that allows you to take the bar exam. To practice in the USA, this is a compulsory step. The UK proves to be better for students if they plan to pursue a career right after their education ends. You can study and then start working anywhere in the country. Also, UK universities have strong links with local businesses and legal communities, which will help you get a job immediately. UK’s new post-study visa and student policies have made looking for jobs easier for international students. Reasons why the UK is better than the USA   The UK is considered a popular choice in terms of cost, ease of finding a job and practicing in both your domestic and the UK.  1. Exposure  The classrooms of the United Kingdom have students from various backgrounds and cultures. Hence, it will give you broad exposure to meeting new people and developing skills.  2. No SAT or LSAT  You do not have to present your SAT or LSAT score to the universities to get admission. But this is not true if you go to universities in the USA.   3. Fees  Fees are another crucial factor that determines your budget. The UK is considerably cheaper than the USA, so you can go ahead with the universities in the UK if you are tight on budget.  Analyzing the ROI as well as the cost involved should be the deciding factor in helping your child choose between the UK or the USA for a law degree. Start saving to make sure your financial planning does not stop them from practicing law in their favorite country!  FAQs What are the differences between UK and US lawyers?   In the UK, the legal profession is divided into solicitors and barristers. Solicitors provide legal advice and handle legal matters for clients, while barristers specialize in advocacy and represent clients in court. In the US, there is a unified legal profession where lawyers can handle both advisory and advocacy roles without a formal division, like solicitors and barristers in the UK.   What is the easiest way to get a law degree?   The easiest way to obtain a law degree may depend on individual circumstances and preferences. However, studying law in the UK is often considered relatively straightforward. Undergraduate law degrees in the UK, such as the LLB, typically take three years to complete, which is shorter than the four-year programs in the US or longer combined undergraduate and graduate programs in some countries. While studying law in the UK can offer a focused and efficient path to a law degree, it's important to consider other factors such as career goals, personal interests, and the specific requirements and opportunities provided by different educational systems.  Can UK lawyers practice in the US?   Yes, UK lawyers can practice in the US, but the process varies by state requirements. Generally, UK lawyers need to pass the bar exam in the state they intend to practice. Some states may also require additional educational or training programs for foreign-trained lawyers to qualify for bar admission. Researching and understanding state-specific requirements is essential. Consulting with legal authorities or organizations specializing in international legal practice can provide guidance and support throughout the process.   Which country is better for studying law - the UK or the USA?   The answer depends on individual goals and preferences. If pursuing a legal career immediately after education, studying law in the UK may be preferable. The UK offers a three-year undergraduate law degree (LLB) that qualifies graduates to become solicitors or barristers. If interested in working in the US legal system, studying law in the US may be more beneficial due to the distinct legal framework, laws, and practices. A US law degree may provide advantages in terms of networking and job opportunities for practicing law in the US.   TALK TO AN EXPERT

India is home to some of the best colleges and universities in the world, and Delhi and Mumbai are two of the most popular cities in India for students. With a plethora of colleges and universities in both cities, students have a wide range of options to choose from. However, one of the biggest factors that students consider when choosing a city to study in is affordability. In this article, we will delve deeper into the cost of education in Delhi and Mumbai and help you determine which city is best for affordable education. https://www.youtube.com/watch?v=tdwqQH0xkFw Deciding Between Delhi and Mumbai for Studies Tuition Fees Tuition fees are one of the biggest expenses students incur during their education. In Delhi, the tuition fees for top universities and colleges are generally lower than in Mumbai. For example, the annual tuition fee for Delhi University ranges from Rs. 10,000 to Rs. 30,000, while Mumbai University charges an annual fee ranging from Rs. 20,000 to Rs. 40,000. Similarly, the Indian Institute of Technology (IIT) in Delhi has an annual fee of Rs. 2 lakh, while the IIT in Mumbai has an annual fee of Rs. 2.2 lakh. This means that students can save some amount of money on tuition fees if they choose to study in Delhi. Accommodation The cost of accommodation is another crucial factor that students consider when choosing a city to study in. In Delhi, the cost of PGs and hostels is generally lower than in Mumbai. An average PG in Delhi costs between Rs. 8,000 to Rs. 15,000 per month, while in Mumbai, the rent for similar accommodations ranges from Rs. 10,000 to Rs. 20,000 per month. Similarly, the cost of a one-bedroom apartment in Delhi ranges from Rs. 10,000 to Rs. 20,000, while in Mumbai, it ranges from Rs. 20,000 to Rs. 40,000. This means that students can save a significant amount of money on accommodation if they choose to study in Delhi. Transportation The cost of transportation is also an important consideration for students. In Delhi, the public transportation system is more affordable, and the cost of a monthly pass for Delhi Metro ranges from Rs. 800 to Rs. 1,500. In Mumbai, there is also a public transportation system, but the cost of Mumbai Local and taxis is generally higher than that of Delhi. Similarly, the cost of owning a car in Mumbai is higher than in Delhi. According to a study by ICICI Lombard, the cost of owning a car in Mumbai is around 11% higher than in Delhi. This means that students can save a significant amount of money on transportation if they choose to study in Delhi. Cost of Living The cost of living is another crucial factor that students consider when choosing a city to study in. In Mumbai, the cost of living is generally higher than in Delhi. According to the Cost of Living Index released by Numbeo, the cost of living in Mumbai is 16.24% higher than in Delhi. Similarly, the cost of food and groceries is also higher in Mumbai than in Delhi. According to the same report, the cost of groceries in Mumbai is 16.01% higher than in Delhi. This means that students can save a significant amount of money on living expenses if they choose to study in Delhi. Scholarships and Financial Aid Both Delhi and Mumbai universities and colleges offer scholarships and financial aid to students. Delhi University offers merit-based and need-based scholarships, while Mumbai University also offers similar options. Similarly, IIT Delhi and IIT Mumbai also offer scholarships and financial aid to eligible students. Students can apply for scholarships and financial aid to offset their education costs. Conclusion As we have seen, Delhi and Mumbai are both great cities for students who are looking for an affordable education. While Delhi is generally more affordable than Mumbai, students should consider their budget, financial situation, and the college they want to attend before making a decision. Students can save a significant amount of money on tuition fees, accommodation, transportation, and living expenses if they choose to study in Delhi. However, Mumbai also offers a range of excellent colleges and universities, and students can still obtain an affordable education in this city with careful planning and budgeting. Ultimately, it is up to the individual student to decide which city is best for them based on their unique circumstances. Talk To An Expert

In the previous article, we discussed Five Things You Should Consider As A Parent Sending Your Child Abroad. In this article, we will discuss should your child study data science and the average salary for this course. We will also discuss the data science degree cost and how you can save for it. Considered one of the most popular courses of the 21st century; the demand for data scientists across the globe has risen. From top management firms to budding start-ups – over 11.5 million jobs will be created by 2026 for data scientists alone! if your child is interested in maths, and statistics and loves technology; then this is a great career choice for them. From, ‘Should your child study data science’ to ‘How much to save for the top universities for the program; this article will answer all your queries.  Why is Data Science the trendy new subject?  Data Science is a fast-expanding and very profitable discipline of education worldwide. Technology's exponential expansion creates both obstacles and possibilities for businesses. This necessitates skilled individuals who can comprehend the difficulties and supply professional remedies to modify the operating style. Because a massive quantity of data is created every minute, enterprises require professionals who can handle complicated challenges.  Data science has become a significant approach in many industries. Digitalization, cognitive computing, and the Internet of Things have continued influencing humankind as industries move toward digital transformation. Undoubtedly, data science has transformed all major industrial sectors, including financial institutions, medical services, entertainment, sporting, construction, and the service industry. Because of the course's extensive industry requirements, it's becoming an appealing option for parents who want to see their children settle overseas.  Data Science Job Market   The data science work sector is brimming with opportunities for data scientists and a variety of data professionals with varying degrees of knowledge and training, professional backgrounds, and specialties. According to Glassdoor, the average salary for data scientists is Rs. 76,61,458 in the USA.   Many big worldwide firms are now looking for data science professionals, with some advertising thousands of opportunities in this expanding field. The list includes a selection of prominent corporations from various sectors with multiple data science job vacancies than other business sectors.  Top 10 companies hiring data scientists Source: Linkedin Many enterprises that depend on data are expanding, as is the demand for professionals who can successfully manage and use data. According to LinkedIn's Emerging Jobs Report, data science is the third fastest expanding area in the United States, with a 37% annual growth rate. Below are the job titles and average yearly incomes in the United States based on Glassdoor and PayScale statistics.  Data Engineer: Rs. 57,73,042  Data Architect: Rs. 58,04,982  Statistician: Rs. 61,40,345  Machine Learning Specialist: Rs. 61,60,307  Data Scientist: Rs. 76,61,458  In fact, the highest-paying countries & average annual salary is listed in the table United States $165,000 Switzerland $140,000 UK $120,000 Australia $124,000 Israel $119,300 Norway $111,000 China $98,169 Canada$95,000India $93,680 Belgium $90,000 How much does a data science degree cost?  Tuition prices for MS in Data Science programs at US colleges range from 21,000 to 75,000 USD (Rs. 16 lakhs to 60 lakhs) per year while the average yearly salary of a data scientist in the United States is USD 155,000 (that is over 1 crore in Indian rupees). In an Indian college, the average cost structure for a Masters's in Data Science ranges from Rs. 20,000 to Rs. 4 lacs. However, depending on the university, the course price might reach Rs. 20 lacs.  Top universities that offer data science programs:  Massachusetts Institute of Technology  Imperial College London  The University of Texas at Austin  ESSEC   University of Melbourne  University of Warwick  IE Spain  University of Southern California (USC)  University College Dublin  University of Edinburgh  Knowing the exact cost can really help you in saving, You can use EduFund’s college cost calculator to find out the cost of studying different courses across the globe. This can help you plan your child’s future by saving for future tuition fees and living expenses in the country.   What is the best way to save for your child’s data science course?  Starting a specialized investment portfolio for this purpose can result in long-term rewards, particularly if the assets are in equity-based investment products. Starting with Mutual Funds to exploring inflation-proof options like Digital Gold; you can save your money on numerous options via SIP or lumpsum.   These investments, given enough time, can compound and produce substantial   profits and help you sponsor your child’s dream. Financial planning and starting early do not always imply starting with significant amounts in one go; you can start investing small sums of money and increase your sum as your salary increases. Investing is the best and most efficient way of saving for prominent goals like your child’s education.   Education cost is bound to rise and if your child is planning to study popular and competitive courses like Data Science, Medicine, or Computer Science then their popularity will add to the total cost. Start saving early on and create a healthy college fund for your child’s dream course! FAQs What is Data Science? Data science is an interdisciplinary field that involves extracting insights and knowledge from data using various techniques and tools such as statistics, machine learning, and data visualization. It encompasses the skills and processes necessary to gather, clean, analyze, and interpret data to uncover meaningful patterns and make informed decisions.  How Can You Introduce Data Science to Your Child?   Introducing data science to your child can be an exciting and engaging journey. There are various approaches you can take to foster their interest and understanding. One effective method is to incorporate games, puzzles, and real-world examples that involve data analysis. This approach allows your child to grasp the concepts of data science in a practical and enjoyable way. Additionally, you can explore coding classes or camps specifically designed to teach data science concepts in a fun and interactive manner. These programs often utilize age-appropriate tools and platforms to introduce coding and data analysis skills effectively. What Skills are Necessary to Study Data Science? To succeed in data science, your child should develop a strong foundation in key areas. Proficiency in statistics is essential for understanding data distributions, conducting hypothesis testing, and deriving meaningful insights. Additionally, coding skills are crucial, as programming languages such as Python and R are commonly used in data analysis and modeling. Effective communication skills are also vital to convey findings and insights to stakeholders clearly. Moreover, a well-rounded data scientist should be familiar with other related disciplines such as mathematics, domain knowledge, and data visualization techniques.   Why Should Your Child Study Data Science?   Data science is a rapidly growing field with a high demand for skilled professionals. By studying data science, your child can develop a range of valuable skills, including critical thinking, problem-solving, and data analysis. These skills are applicable not only in the field of data science itself but also in various industries and domains. As the world becomes increasingly data-driven, individuals with expertise in data science are sought after for their ability to make sense of complex information and drive evidence-based decision-making.   TALK TO AN EXPERT

Before you ask your friends and family whether your child can study for an MBA in Canada for under Rs 40 lakhs, you must first understand the different kinds of costs involved from the application process to flying your child to his/her dream university.   What is the average cost of studying in Canada?  This query is a fairly common and reasonable query many parents harbor: What is the cost of studying in Canada? While the cost varies based on your university, province, course as well as lifestyle, the average cost of studying is around CAD 20,000 to CAD 30,000! This cost is increased every year due to the growing demand and influx of international students to Canada. The high cost is also because of the marring effects of education inflation.   https://www.youtube.com/watch?v=x9B8449Iuw4 Why pick Canada for MBA?  This is because Canada offers the accredited and highest ROI offering- MBA programs. In terms of cost, MBA in the USA can cost you up to Rs. 50 to 1cr, while MBA in the UK from a top university can cost you Rs. 75-50 lakhs. Most of the UK’s popular universities are located in London which exponentially increases the cost of living for international students. Then there is Canada, the costs range wildly from Rs. 30 lakhs to Rs. 1 cr., depending on the university your MBA.   When you are shortlisting countries for higher studies, you must consider the cost of living, the ease of picking up a part-time job, the chances of obtaining a work permit, and how convenient it is to apply for a Resident Visa while the student is there. Canada is ahead of USA and UK in terms of lifestyle, ease of permanent residency, and work permit.  https://www.youtube.com/watch?v=k8c_dfmXMkA Types of MBA offered by canadian universities  Another reason to study MBA in Canada is that its universities offer part-time MBAs, full-time MBAs, Executive MBAs, and also online MBAs. Each of these degrees is well accepted in international business circles and families must check the location, ranking, and placements of the institute while shortlisting the final ones. Some courses offer one-year programs which means your child can join the Canadian workforce after completing their graduation.   Source: pixabay How is MBA in Canada under Rs. 40 lakhs possible?  There are over 40 recognized universities offering MBAs in Canada. Here we list some of the universities where you can pursue an MBA in Canada under Rs. 40 Lakhs - the Memorial University of Newfoundland, University of Calgary, University of Victoria (Double Masters), University Canada West, Vancouver Island University, New York Institute of Technology - Vancouver Campus.   One basic rule of thumb while looking for more affordable MBA options in Canada is central and Western Canadian universities are a better bet than the ones on the East Coast and the ones that are closer to the US. Many of these universities offer MBAs in a host of subjects ranging from General Business Administration and Finance to International Business and Entrepreneurship. If you are looking for a good university degree, that is followed up by a great work opportunity, most of these names are a good bet.   The course duration ranges from one year to 20 months to two years, depending on the format you choose. Most Canadian university classes are scheduled to allow students to work for 20 hours along with their studies and support their finances.   There are scholarships available to international students offered directly by the universities, and others offered by private trusts, that can support a student through the two years of an MBA.   Coming back to the question that we began with when parents ask us, Can my child study an MBA in Canada for under Rs. 40 lakhs, our answer is a resounding yes. Just do your research, start saving early, and ensure the student checks all the academic boxes and is focused where his / her study is concerned.   How you can save Rs. 40 lakhs for your child’s MBA in Canada?  Here are some simple ways to save Rs.40 lakhs  Start early  Budget your expenses and make a savings plan  Embrace all financial investment options like FDs, Gold, Mutual Funds, PFP, ETFs, etc  If you have over 5 -7 years in hand before your child leaves the country, invest in growth-oriented instruments. If your investment horizon is 4-5 years or lesser, put your money in debt-based instruments. Check on the lock-in periods and returns. Guard your corpus fund, do not dip into it during emergencies. Constantly monitor your investments and check the changing fees rates and rules of admissions in the universities of your interest.   Do this regularly, and in due course of time, you will have the corpus you need to fly your child out to Canada to do an MBA under Rs. 40 lakhs. Happy planning and saving! FAQs Why pick Canada for MBA?  This is because Canada offers the accredited and highest ROI offering - MBA programs. In terms of cost, MBA in the USA can cost you up to Rs. 50 to Rs 1 Cr, while MBA in the UK from a top university can cost you Rs. 75-50 lakhs. What is the cost of studying MBA in Canada? While the cost varies based on your university, province, course as well as lifestyle, the average cost of studying is around CAD 20,000 to CAD 30,000! This cost is increased every year due to the growing demand and influx of international students to Canada. The high cost is also because of the marring effects of education inflation.   What are some Canadian universities that offer MBA under Rs. 40 lakhs? There are over 40 recognized universities offering MBAs in Canada. Here we list some of the universities where you can pursue an MBA in Canada under Rs. 40 Lakhs - the Memorial University of Newfoundland, University of Calgary, University of Victoria (Double Masters), University Canada West, Vancouver Island University, New York Institute of Technology - Vancouver Campus Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

Due to its highly regarded higher education system, the United States of America draws a sizable number of international students worldwide each year. It is home to the most significant number of highly regarded universities that are known for their excellence and distinctive programs throughout the world, attracting a sizable number of international students. Many prospective international students seek information on the cost of studying in the United States due to the considerable global demand for higher education. The direct cost of education in the USA is the tuition price, and colleges are split into private and public/state institutions. Comparatively speaking, public and state universities charge less tuition than private colleges. Tuition costs vary depending on a person’s degree program and institution of higher learning. For international students to attend a university in the USA, they must pay between ₹20 and 46 lakhs annually in tuition. https://www.youtube.com/watch?v=tdwqQH0xkFw Higher education system in the USA International students can access a broader range of higher education options in the USA. The American educational system offers the following degrees at more than 4,500 universities. Bachelor’s degree In the United States, obtaining an undergraduate degree takes four years of full-time study.  Associate degree This is offered to individuals who wish to pursue an undergraduate diploma degree. The two-year associate degree program is offered through community colleges. Master’s degree Universities in the USA grant graduate degrees after two to three years of study.  Doctorate A doctoral degree can be earned at a university in the USA in five to eight years. Types of Institutions for Higher Studies in the USA Community Colleges: They are experts in providing two-year associate degrees or certificates. Institute of Technology: Students interested in a short-term science and technology program should consider attending an institute of technology. Private University or College: operated by private institutions State University or College: The municipal or state government contributes to the cost of education. https://www.youtube.com/watch?v=DPOaBUUMnYQ Study costs for Indian students in the USA The total cost of tuition for a student will be entirely determined by the sort of program, prerequisites, and school they choose. Compared to fields like medicine, engineering, and business management, the costs of humanities, education, and arts courses are far lower. The study programs and their typical annual tuition are listed below: Undergraduate: ₹6.5 - ₹33 lakhs Associate: ₹3 - ₹4 lakhs Postgraduate: ₹8.2 - ₹50 lakhs  Doctoral: ₹23 - ₹46 lakhs Study costs in the USA at top universities UniversityQS World University Rankings 2023Average Annual Tuition Fees in RupeesMassachusetts Institute of Technology (MIT)1₹41 - 46 lakhsStanford University3₹20 - 46 lakhsHarvard University5₹20 - 42 lakhsCalifornia Institute of Technology6₹36 - 47 lakhsUniversity of Chicago10₹46 - 49 lakhsUniversity of Pennsylvania13₹49 - 51 lakhsPrinceton University16₹46 - 48 lakhsYale University18₹47 - 50 lakhsCornell University20₹46 - 50 lakhsColumbia University22₹47 - 64 lakhs Study costs according to courses in the USA  Depending on their chosen course, Indian students pay different amounts to study in the United States. The American institutions provide a wide range of alternatives. Here is a brief overview of the best courses in the USA. Business and Management Engineering and Technology Law Liberal Arts Marine Biology and Life Sciences Maths & Computer Science Medicine Social Sciences Top courses in the USA and tuition fees Top coursesDurationAverage annual tuition feesBSc Nursing (BSN)4  years₹37 lakhs/yearMBBS (BS+MD+Residency)8-10 years₹33 lakhs/yearLLM1 year₹50 lakhs/yearMA Applied Economics2 years₹29 lakhs/ yearMBA2 years₹57.5 lakhs/yearMPH1 to 2 years₹41 lakhs/yearMSc Computer Science1 to 2 years₹41 lakhs/yearMSc Data Science1 to 2 years₹57.5 lakhs/year Cost of living in the USA  A vast portion of the costs associated with studying in the USA and the cost of school is the cost of living. The living cost in the United States varies depending on a student's lifestyle, and anyone on a limited budget might choose student housing.  Costs associated with studying in the USA The following additional costs add to the overall annual expenditure: Rent for housing, including utilities: ₹17-20 lakhs Dormitory housing: ₹6 - ₹10 lakhs Food: ₹6 - ₹7 lakhs Books and Supplies: ₹11 - ₹12 lakhs Transportation: ₹1.5-2 lakhs Miscellaneous: ₹1 lakh Conclusion  USA universities and colleges have tremendous exposure and scope for career building. That is why it is an excellent destination to send your child to study. But at the same time, it is costly for many people. When looking for universities for your child, always look for scholarships and financial aid options. If there is any confusion regarding the fee structure or a need for any advice, our team of efficient financial advisors is just a call away to clarify your doubts.