Majority of Indian students opine foreign degrees key to better job prospects

A study has revealed that as many as 83% of Indian students think that a foreign degree will enhance their job prospects.

A study by the Leap-Ipsos Strategy Study Abroad Outlook report found that nearly 83% of Indian students think that a foreign degree will enhance their prospects of securing better jobs and provide them with an edge over the competition.

The report has given an important insight into how overseas education is becoming popular with the segment of the largest Indian population comprising 57% of Indian middle-class households whose income is between INR 3 and INR 10 lakh. This segment is inclined towards spending on overseas education, as reported by Economic Times.

Leap co-founder Vaibhav Singh said, "Fuelled by the student community's growing aspirations, the Indian overseas education market is expected to grow multifold and will see over two million Indian students fly out by 2025, spending over $100 billion on their international education. This is a huge opportunity and the sector will see a meteoric rise in demand for innovative products and services."

Due to global connectivity, nearly 42% of Indian students are open to destinations beyond anglophone countries that don't have English as their first language, said the study.

"This reflects that Indian students are widening their choices and becoming more flexible in their preferences of an overseas education destination. Factors they are considering for making this choice include university ranking, scholarship, cost of living, etc," it said.

There is increased trust towards taking education loans, nearly 62% of Indian aspirants prefer education loans while 53% try scholarships, said the report. The significant increase in preference for education loans is expected to boost the study abroad loan market in the coming years.

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