Many will be taking the major step of starting university and for some, the even greater step of studying abroad. There are many advantages to studying abroad – it’s a great way to acquire language skills and the confidence gained from the experience can bring long term career benefits. A study of CEOs from some of the world’s largest companies (as per the Forbes Global 2000 rankings) has found that around a third of the most prominent executives in the business world benefited from international education. 32% of these leaders chose to spend at least one semester of their university-level education overseas.
Where to study?
If you have yet to decide where to study, it’s worth considering various options around the world. Different universities specialise in different areas and those with a greater concentration of foreign students may have greater support. For example, over a third of the undergraduate student body at Imperial College London, the London School of Economics and University College London in the UK are from overseas. The capital city isn’t the only option welcoming foreign students – for example, 36% of the student body at HRH Prince William’s alma mater the University of St Andrews hail from elsewhere in the world and is Sussex University, based on the South Coast in the vibrant city of Brighton is a popular choice that offers students a slice of the traditional British seaside with a cosmopolitan twist.
Is there a language barrier?
Whilst studying abroad is a great way to acquire language skills, you don’t have to let it stop you if you’re let to learn. Universities in Germany and the Netherlands offer many courses in English. Germany is considered the best place in Europe to study, but there are few undergraduate courses available in English. China is slowly gaining traction as a popular location to study and the Chinese government provides some sponsorship or support for foreign students.
Counting the cost
Studying abroad comes with standard costs including tuition and accommodation. The cost of living varies throughout the world so it’s worth investigating before you make your decision and also factoring the overall cost of the course over time into account. For example, one reason that the UK is a popular destination for overseas students is that the courses are more intensive and shorter than elsewhere. Another factor to take into account is the cost of exchanging currency and any potential fluctuations in the market.
A currency specialist can help you manage the cost of studying overseas
A currency specialist can provide great rates and low transfer fees and provide expert guidance and tools to help you manage all your international payments. You can manage and track all your payments online and via the moneycorp app and set up automated regular payments via direct debit. Parents worried about their child leaving the nest may also be reassured to be able to send money quickly in an emergency, wherever they are.
moneycorp is a reference to TTT Moneycorp Pty Limited which is registered in Australia (business number 116612858). Its principal place of business is Level 15 Exchange Tower, 2 The Esplanade, Perth WA 6000, Australia. TTT Moneycorp Pty Limited is authorised to deal in foreign exchange contracts and buy/sell quotes to retail and wholesale clients as an Authorised Representative (reference number 445555) of Rochford Capital Pty Limited (AFSL License No. 361276).