Prospects for Education and Career abroad
Dr.T.P.Sethumadhavan
Recently spectacular growth has been witnessing in the overseas education sector in the country. In the recently held UK education fair at Kochi, more than 3000 prospective students visited the exhibition for study UK programmes. When compared to previous year the turnover was more than 150 percent. This clearly indicates the interest of students from the state. Global village concept is acquiring momentum in this sector. Overseas education market has changed beyond belief. Large number of universities and schools from different countries are considering India as a potential recruitment center. Apart from UK, USA, Canada, Australia, New Zealand, Ireland, and Switzerland, even countries including Singapore, Malaysia, Russia, China and Italy started recruiting students from the country.
Even though the basic objective of education is to attain knowledge, develop skills and attitudinal changes, the main goal is to acquire a better job. Overseas education has already been considered as the pre requisite for getting better career. Selecting the right place or right country for study abroad is really a difficult task. Some of the key questions like where should I go? Which course is best for me? How do I process every thing? Often confront every aspirant.
Overseas education has got so many advantages. Academic excellence, Global edge in faculty and students, better facilities, resources and faculty, variety of options, flexible curricula, cutting edge technology, hands on training, better support services for international students, financial assistance like scholarship, assistant ship, fellowship, par time jobs, etc, challenging research opportunities and adaptation to different social environment are some of the major advantages.
Good academic merit, individual capabilities including analytical skills, suitability to course and college and proficiency in English language need more consideration before you proceed for overseas education.
In the global education sector, education in United States is rather cheaper when compared United Kingdom. This is the major attraction for US education. United states education foundation in India is promoting US education for Indian students. Students from developing countries find it very difficult to meet the increasing educational expenses in UK. So many UK universities are offering one year condensed postgraduate programmes including one-year MBA programmes.
Realizing the increasing cost of UK education, many UK universities are seriously thinking of implementing more financial aid projects for Indian students. Vice Chancellor of Cambridge University Dr. Alison Richard in her recent visit to India revealed that since major American Universities are providing financial assistance to Students, Cambridge is seriously thinking of more financial aid schemes for students in the coming Eight hundredth anniversary of the University. Cambridge University is planning to implement more fund raising programmes so that more students can be given financial assistance to pursue education in UK.
Australia is emerging as one of the popular destinations for overseas students to pursue their higher studies. Annually more than two lakh international students choose to study in Australian institutions. Recently Australia is attracting more Indian students for their study abroad. Australia one of the largest islands in the world has six states and two territories. New south Wales, Victoria, Queens land, Western Australia, South Australia, Tasmania, Australian capital Territory and the Northern Territory. Cost of living and tuition fee in Australia is comparatively cheaper than in UK or USA. Overseas students can do part time work in Australia. Australian universities select students based on their performance in the qualifying examination.
Engineering and Management courses abroad
Recently in the rapidly changing world, engineering courses are emerging as major areas of technological advancement. In the global education scenario this trend is more pronounced. United states, UK and Canada are the major choices for Indian students to pursue Engineering courses abroad. Being the four-year graduate programme, engineering students can directly apply for postgraduate programmes abroad. Now a days more engineering graduates are interested to join for the management programmes in the business schools abroad.
While searching for engineering courses abroad, identify a research topic, which is most suited to the student. Job opportunities after completing the study programme, chances of getting financial aid/funding have to be assessed. Never believe the promises of overseas education facilitating agencies alone.
Master of Business Administration has acquired the status of one of the world’s most popular postgraduate management programmes. Among international students in order to augment their business and marketing skills, this programme is getting more popularity now a days. UK is the undisputed leader in MBA programme in Europe and the World leader in terms of innovation in MBA provision.
Why more students are interested in taking MBA from UK? The reason is simple. Duration of the course is only one year. More number of accredited schools are in UK. In USA duration of the course is nearly 18 months. So educational cost for MBA programme in UK is much cheaper than USA. UK institutions excel in reputation, best faculty and specialization.
MBA can be classic General MBA or a specialist qualification in the respective field. It can be completed either via full time or distance learning programme. General MBA include specialization in marketing management, financial management, computer management and Human resource management. Some of the specialization programmes include Engineering management, Agri business, Retail management, Supply chain management, Automotive management, Sports management, Production management, Insurance management, Transport management, and Telecommunication management.
Pre-requisites for foreign education
While selecting a course, priority should be given to a course best suited to student’s needs. It should take in to account potential for higher studies and research.
Criteria for selection in foreign universities include Undergraduate institute last studied, Score in the qualifying examinations like GRE, TOEFL/IELTS, GMAT, etc, Overall grade point average-OGPA, Percentage, class/ rank, Work experience, Research aptitude, Skills in programming and project work, Statement of purpose, Letters of recommendation, Extracurricular activities, Communication skills, motivation, sincerity and leadership qualities and integrity are
Statement of purpose is one of the essential components of application procedures for getting admission. It consists of students personal details, professional interest, goals, factors related to the career path and future plans. It must reflect the confidence, motivation and determination of the student. Give more emphasis to your area of interest, aspirations and career goals.
Letters of recommendation is one of the important application components. Based on this overseas universities will assess the credentials of the student. Letters of recommendation must be obtained from a resource person/ faculty members who can positively judge the student and his career plans.
Education abroad need one year planning
Preparation for overseas education needs strategic planning and evaluation. Then only easy access to foreign universities will materialize. Minimum one-year preparatory time is needed for fulfilling the envisaged goals. In European, American and Canadian universities, academic year will start from October onwards. Even though some of the universities admit students for the winter semester during February, Indian students prefer to join during the pleasant spring season.
Calendar of activities-
During September, the student has to decide the area in which he is interested to pursue the higher studies and collect information about the universities. Shortlist his choices. Register and apply for qualifying examination and admission requirements like TOEFL/IELTS, GRE, GMAT, CGFNS, etc. Check the websites of the selected universities and download the application form during October. Collect detailed information including list of relevant dead lines.
During November after carefully reading the instructions, fill up the application form and send it via e-mail to the Professor of the concerned department. Application form must be complete in all aspects. It must be send along with Structured curriculum vitae and Statement of purpose. Contact the universities for ensuring the receipt of the filled in application form during December. Collect details about the financial aids like Scholarships/Fellowships, etc during January and the dead lines are mostly 31st January. During February follow up the application and reply promptly. Never send a reply without considering the envisaged objectives. Some times you will get admission during February itself.
From March to June ensure whether the qualifying examination scores have reached the universities of your choice. Patiently wait for the admission decision from the respective universities. You can contact the Indian students of your university of choice and try to apply for residence near the campus. Admission offer will reach you during June- July months. During that period you can arrange the needed documents for visa interview and travel plans. Complete the visa formalities including interview during August it self. During September you can leave the country for foreign education.
Green signal for foreign universities
American universities are more interested to recruit Indian students for higher education. Study conducted by National Knowledge Commission revealed that among Indians aged 18-24 only 7% enter a university. If it can be doubled, the potential is enormous. Regarding the increased cost of education abroad, US universities are interested to start campuses in India so that Indian students will get foreign degree at lesser cost. Currently more than 1.6 lakh Indian students are studying and spending about 4 Billion US dollars abroad. Among international students in USA, India and china are in the forefront. Instead of starting satellite campuses in India, American universities are more interested to join with the Indian educational institutions. Recently as part of global educational initiative, Government of India has decided to permit foreign accredited educational institutions to start campuses in India. This will be really a boom for poor Indian meritorious students and researchers who cannot study abroad due to unaffordable expenses.
Emerging trends in job market
Impact of Globalization and quantum jump in information and communication technologies (ICT) has paved the way for emerging prospective courses with immense job potential. Recent findings reveal that this trend is gradually replacing the traditional sector. Study conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) revealed that information technology (IT), IT enabled sectors (ITeS), Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO), Legal Process Outsourcing (LPO), Aviation, Hospitality, Retail, Entertainment and Brokerages are some of the prospective areas. Study on ‘job opportunities in the emerging sectors’, named as ASSOCHAM Business Barometer (ABB) revealed that IT and ITeS would be the most potential areas in the years to come. The study predicted that by 2010 IT &ITeS and BPO sectors require 50 lakh and 23 lakh professionals respectively. KPO and LPO are emerging as the most lucrative areas with a predicted career potential of 2.5 lakh and 79000 each by 2010. Indian Aviation industry has recorded an annual growth rate of around 25 percent. By 2010 Aviation and Retail sectors can create around one lakh and 20 lakh job opportunities respectively. The study assessed the potential in animation and entertainment sectors.
The ASSOCHAM study is an eye opener for the students and parents. Considering the importance of prospective areas, institutions have to start courses, which cater the need for potential work force in India. Now a days more professionals are interested to study management courses from reputed business schools abroad. Retail management, transport management, agri-business, Hospitality management, computer management, supply chain management, aviation management, logistics and production management are some of the specialization areas in business schools. Many students are interested to take MBA from UK than USA. In UK they can complete MBA programme in one year. Moreover they can do part time work during their study period. Communication skill and English proficiency are the main criteria for getting better positions in BPO sectors. Technocrats and professionals can work in the KPO sector. LPO is one of the lucrative areas for law graduates.
Recent study conducted by one of the leading HRD advisors in the country Mafoi revealed that during 2008, ten lakh new jobs would be created in the country. It will be in the areas of Hotel and Hospitality management, Health sector educational training and career consultancy. Their estimates revealed that 4.26 lakh jobs would be created in the hotel and hospitality sector in the country. 2.95 lakh and 1.66 lakh jobs will be created in the health and educational training & career consultancy respectively in the country. By 2011 around 40 international hotels will come up in the country.
KPMG studies revealed that KPO i.e., Knowledge process outsourcing in financial services is expected to be worth 5 billion US dollars by 2010. It may be due to the success in off shoring business operations. India is expected to remain a preferred location for KPO activity in future. Lack of talent pool, requirement of high-level control, confidentiality and high-level control and enhanced risk management are some of the limitations in this sector. Process complexities, higher billing rates and skilled resource requirements differentiate KPO from BPO.