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imat International Entrance Exams

All you Need to Know About Exams to Study Abroad?

Exams to Study Abroad

According to the Economic Times article dated May 2024, students from India plan to study abroad for a multitude of reasons ranging from global exposure, and availability of scholarships, to access to advanced technology and innovation.

A stated fact derived from the Ministry of External Affairs is that a total of 1.5 million Indian students have applied to study abroad as of 2024. This makes it a hot and important topic to know and understand more about.

Why Study Abroad?

There is a long list of reasons why one might prefer to study abroad and a similar lengthy list of all the reasons why you should study abroad. Here are the ones that make it to the top of the list:

  1. Personal Interest: There are many individuals who love exploring different destinations, and are interested in the culture and stories that each place holds. Thus, many countries are a major attraction to people with aligned interests.
  2. Family Settlement: For some people, studying abroad is a way to stay close to family members stationed abroad. Consequently, studying abroad and bagging a job also allows the individual to settle overseas and start a family there.
  3. Global Exposure: Studying overseas provides exposure to students with a vibrant cultural life, networking with global leaders, and establishing one’s standing in the global job market.
  4. Financial Aid: There are certain countries that provide full coverage of tuition and living expenses for students from other countries willing to study in their country. Financial aid in terms of scholarships, sponsorships, and exemptions is yet another reason why students make the choice to study abroad.
  5. Access to Specialized Technology and Resources: Each country is famous for its top-ranking fields. There are differences in the technology, in the type of resources available, and the type of education provides. Hence, choosing a country that specializes in line with your requirements is beneficial.
  6. Research Scope: There are countries where certain areas have a better scope for research than the home country. This is another reason why students aiming for a research-based career seek to study abroad.
  7. Opportunities in the Job Market: Students aiming to settle in countries overseas or looking for jobs that are more advanced or thriving choose to study in the country that they want to work in. This makes it easy to settle in the job and in life.

What is the Eligibility to Study Abroad?

The eligibility varies at each level of education. Most popularly, students move overseas to pursue their Masters and Doctoral studies. Although many students also pursue their Bachelor’s degree, the frequency and number is quite limited. Moving forth, we will be discussing the general eligibility criteria required to study overseas. Do remember that each country has a different criteria list for eligibility to get educated in their country.

  1. Academic Transcripts: This includes your grade cards and minimum cutoff marks as stated by the university. At the undergraduate level of education, you need to clear exams of Grade 12, while for Masters the basic requirement is the completion of an undergraduate degree with the specified marks. Another requirement is that the students need to have a subject-specific background to apply and study the desired course.
  2. Entrance Exams: Based on the course you opt to study, and based on the university, the entrance exams differ. Subject-specific entrance tests, language-specific proficiency tests, and Aptitude tests are among the few.
  3. Age: Usually, the age to study abroad lies within the range of 17-35. Although students can pursue their courses beyond that age, there are some restrictions on scholarships and education loans.
  4. Medicals: Before flying overseas to study your desired course, you need to undergo a medical fitness examination. This includes checking for any major health issues, possibilities of infectious diseases and such others.
  5. Finances: During the passport and Visa application and verification, each overseas country has a requirement of minimum bank balance in the account of the student. This is to ensure that all the student is able to take care of their basic necessities in the foreign country.

Exams Required to Study Abroad

The list of exams required for studying abroad is mentioned in the following passages.

But, the first step essential to know the type of exam you need to prepare for, is consulting with the university and learning about the exam results they require. Now, with each different country, a set of different entrances take place. So you need to know the general aptitude tests, and Language tests put forth by the university. To study in countries of Europe, you can avail a scholarship by sometimes gaining mastery over their national language. Don’t forget to check for this factor too!

That apart, we can classify the other exams at two levels; one is the undergraduate level examinations, and the other is the graduate level examinations. They can further be divided into Language proficiency tests and subject proficiency tests.

  1. IELTS

The International English Language Testing System is a language proficiency test which is a sure-shot pre-requisite to study overseas. It is required at both the undergraduate level and the graduate level and is required in countries where the primary language of communication is English. It covers the Listening, Reading, Writing, and Speaking areas of the English language.

Available in the General Training version and the Academic version, each component of this test is divided into sections and has a total of 40 questions in the Listening and Reading section, 2 questions in the Writing section, and a variable number of questions in the Speaking section. The format of questions ranges from Multiple choice questions, sentence completion tests, match the following, and short and long answer types of questions. To take the IELTS, a fee of around about 15000 to 16000 INR is required to be paid to the official IELTS organization.

  1. TOEFL

The Test of English as a Foreign Language is yet another test that measures the English Proficiency of students. Widely available in the online and offline format, this takes an average of 3 hours to complete and comprises of the same categories as IELTS, namely Reading, Listening, Writing, and Speaking.

Scores on TOEFL are usually valid for up to two years and are majorly required for University admissions, certification, and Visa application. The test focuses more on the academic and integrated skill concept as compared to IELTS which has a focus on communication and real-life context questions. They also differ in the total time, contents and sections, and the scoring system. The fee to be paid to be eligible to give the test ranges between 15000 to 17000 INR. Apply well before time so that you do not end up paying the late fees.

  1. SAT & ACT

Both of these Entrance examinations are widely used in the United States as a standardised measure to qualify students to pursue their studies in the USA.

The Scholastic Aptitude Test consists of questions on English Language, Math, and writing of an essay based on a paragraph. The essay is optional. With the essay, the total duration of the test is around 4 hours. The test is offered multiple times a year in months of August, October, November, December, March, May and June. The fee for the SAT ranges from 7000 to 8000 INR

The American College Testing is a test used to measure a high school student’s proficiency in English, Math, Reading, Science, and Writing. Similar to the SAT, but with added subsections, the duration of the test ranges from 3 to 4 hours. The fee for the AT ranges between 14000 to 16000 INR.

  1. GRE & GMAT

The Graduate Record Examination is a standardized test required to take admissions in graduate schools across the USA, Canada, and some other countries. Often prevalent in the fields of Business and Law, this examination measures verbal reasoning, analytical skills, quantitative reasoning and related other skills of the individual. It is divided into two parts; the first is a general test while the second is specific to the subject that the individual wants to pursue further. The fee required to be eligible for the GRE is between the range of 18000 to 20000 INR.

The Graduate Management Admission Test is a specialized and standardized entrance test required for students wanting to pursue a degree in the management sector, typically an MBA degree. It measures the student’s reasoning skills at verbal, quantitative, and analytical levels. The scores are broken down into categories of Analytical writing skills, Integrated reasoning skills, and Verbal and Quantitative reasoning. With a test duration of around three and a half hours, the fee for the test is between 22000 to 24000 INR

  1. MCAT & LSAT

Both covering their own specialties, the MCAT and LSAT are entrance exams for Medicine and Law respectively. Popularly used in the United States and Canada, they are also used by other countries offering these courses.

The Medical College Admission Test is the entrance required to study medicine overseas. It has four main components that involve Biological foundations, Chemical and Physical foundations, Social and Psychological foundations, and Critical analysis and Reasoning skills. The scores are a combination of the four sections and are converted to percentiles more often. The fee payment to give the MCAT is between the range of 32000 to 36000 INR.

LSAT, short for Law School Admission Test is the entrance required to study law overseas. The components of the test consist of Logical Reasoning, Analytical Reasoning, Reading comprehension, Experimental section, and writing section. The LSAT is conducted usually in the months of January, February, April, June, August, September, and November. The fee payment of the LSAT is between the range of 19000 to 22000 INR.

How to Prepare for These Exams?

By far, the most important question arises now. And that is knowing how to prepare and qualify for these tests. Here are a number of things you can pay heed to, to qualify for these examinations.

Step 1: Check the requirements and the eligibility criteria of the university to know which entrances are required.

Step 2: Browse and find relevant information regarding these tests. Make yourself familiar with it.

Step 3: Visit an education consultant to help you understand better about the examinations. You can either make a decision between preparing for these exams independently or joining coaching for the same.

Step 4: Make yourself familiar with the portion and the pattern of the test. This can be done by referring to previous years’ question papers.

Step 5: Prepare, Study, read materials, solve questions.

Step 6: Give mock exams.

Step 7: Re-work on areas that need improvement.

Step 8: Prepare yourself to be mentally calm during the examinations.

Step 9; Revise.

Step 10: All ready for the examination!

Hope you have a good time learning and qualifying!

Categories
Overseas Education Study Abroad

How to Study Abroad after 12th from India?

study abroad after 12th

Choosing an educational path after completing 12th grade is one of the most significant decisions a student will ever make. At this critical crossroad, students are presented with numerous options. Despite the potential chaos, it is essential to adhere to one’s interests and determine if a particular path is worth pursuing. Many view this as an opportunity to gain skills in a field that excites them and to pave the way for a future career in that area. If you are among those who desire to pursue something extraordinary in a field that excites you and have a strong will to choose the road less travelled, this is your cue!

This blog will primarily focus on providing insights into the reasons you should consider moving to a new country after 12th grade, the potential perks of such a decision, and the possible paths you can take if you are determined to make a mark.

Reasons for Choosing to Go Abroad for your Higher Education:

While the pros and cons can be paradoxical in this context, there are some telltale signs to consider if you are passionate about pursuing your dream. Make sure to weigh the advantages and the difficulties one might face before making a final decision. Here are some generic reasons to choose overseas education:

● Better Scope – Although our country is making significant advancements in various fields and is expected to improve even more in the coming days, not every field you are interested in receives the recognition you seek. Studying in a country that specializes in a certain area of interest might provide a better scope.

● Global Exposure – Networking has never been easy. It’s a skill developed when you decide to understand people and cultures. If networking and global experience is one of your goals, moving to study abroad, especially at a young age, provides ample opportunities to do so, giving you an edge over others who begin to socialize and explore opportunities much later.

● Scholarships and Financial Aid – Various scholarships, grants and financial aid for international students are provided by many top universities, for students of merit worldwide. There is also a lot of potential for part-time work to support living expenses.

● Research Opportunities – Students can engage in innovative research projects, as they have access to advanced labs and resources. There is also an additional feature that allows you to choose interdisciplinary studies in several countries.

● Self-Reliance – Staying away from a place that is associated with your entire upbringing can be a difficult choice but never not worth it. It teaches you the art of self-reliance and makes you independent enough to face life’s challenges. It also helps you in improving your problem-solving and adaptability skills.

● Be a Part of a New Culture – Moving abroad will let you experience the joy of diversity and be a part of a novel, dissimilar culture that has the capability to both surprise and challenge you. Needless to say, it’s an added bonus if you choose to move to a country with a culture you are curious about or something that you’ve always wanted to be a part of.

How to Go Abroad after 12th?

Well, now that you have reached a final conclusion and prepared yourself mentally to embark on a life-altering journey, the question “What next?” is likely to be on your mind. Don’t worry; we’ve got that covered for you.

Factors to be Considered before Choosing a University:

● University Accreditation – Before choosing a university, be sure to check out its ranking and the accreditations acquired by both – the university as well as your desired department.

● Safety – Meticulous consideration of safety measures taken by the university becomes a key factor when moving to a new country, away from your home. Make sure to even check details about lifestyle, climate, and other factors that might seem unimportant at the moment before proceeding with your application plans.

● Student Support System – Support for international students, including orientation programs, counselling, and career services must be provided. Also, look for the availability of language support and tutoring services so that it becomes a lot easier to socialize with like-minded groups of people around you.

● Visa and Immigration Policies – Check for ease of obtaining a student visa and related regulations and the policies regarding work permits during and after studies.

● Alumni Network – Do your fair share of research regarding the strength and reach of the alumni network. You can also contact some alumni that you can reach out to, on work-related social media platforms like LinkedIn and discuss their personal experiences on the campus. Learn about the success stories and career paths of graduates.

What are the Requirements for your First-Ever Application?

● Academic Qualifications – This includes proof of completion of 12th grade or equivalent. Certain universities may also demand a particular threshold score that a candidate must satisfy, so always look out for that.

● Entrance Tests – Unlike the tests conducted for graduates, at the entry-level, tests for applicants are rather standardized. They might have to opt for English language proficiency tests such as TOEFL or IELTS, whereas in countries like the USA, one might have to take the SAT or ACT for certain undergraduate programs.

● Passport and Visa – A valid passport with sufficient validity and a student visa for the country where you will be studying. Obtaining a visa typically involves an application process, including an interview at the consulate or embassy.

● Additional Documents – Required additional documents may include proof of sufficient funds to cover tuition fees and living expenses like bank statements, sponsorship letters, scholarship award letters or even an affidavit of financial support from a parent/guardian who is funding your education.

● Few universities may also demand medical examination reports, vaccination records and health insurance coverage as mandated by the university or the host country. Also, be prepared for some interviews by the universities, especially if you are opting for courses of fields like art, design and architecture (They may also demand a portfolio showcasing your previous works),

As mentioned at the beginning of the blog, choosing to move abroad right after your 12th grade is a crucial decision that demands a lot of willpower and unwavering dedication. It also requires courage and mental preparation to stay focused and not give up on what excites you. Therefore, thorough discussion and several rounds of research are essential before making the final decision.

We recommend getting in touch with Study abroad consultants to help you sail smoothly through the entire process of studying abroad right from selection of the course, to preparing for the exams and applying for the visa.

Good luck with whatever you choose to do.

We can’t wait to see you shine!

Categories
Study in Dubai

Everything You Need to Know About Securing a Dubai Student Visa in 2024

Study in Dubai

Studying overseas is a fulfilling experience for many, and for the most part of it, there are moments of marvel. However, the process of applying and getting approval could turn pretty cumbersome. Visa application is known to be one such process. But it’s quite easy once you get the basics right. In the following blog let us go through information regarding visas, their types, and all the other things you need to know about Dubai Student Visa.

Your Passport to Global Travel

A visa, which in literal terms means, ‘the document having been seen’, is a permit given by a country that allows someone to go to that country. A visa is basically a document that is stamped on a person’s passport by an embassy. It names the kind of visit and says how long the person can stay.

Visas may be granted on arrival or by prior application at the country’s embassy or consulate, or sometimes through a specialized travel agency with permission from the issuing country in the country of departure.

Understanding Visa Types: Which One Do You Need?

Based on several factors, the top 5 types of Visas issued by the Indian Embassy are as follows:

  1. Transit and Tourist Visa: A Transit visa is issued to an individual who is transiting through India to another destination and is able to provide enough proof of such travel plans by way of valid tickets for an onward journey (via India).
  2. Tourist Visa: A tourist visa is issued to a foreigner who does not have a residence or occupation in India and whose sole objective of visiting India is recreation, sightseeing, casual visits to meet friends and relatives etc.
  3. Business Visa: A business visa is granted to a foreign national who wants to visit India to establish an industrial/business venture to explore possibilities to set up an industrial/business venture or purchase/sell industrial products in India. Certain eligibility factors need to be considered before applying for a Business Visa.
  4. Employment Visa: Employment visas are issued to skilled and qualified professionals or persons, who are engaged or appointed by companies, organizations and economic undertakings as technicians, technical experts, senior executives etc.
  5. Student Visa: A student visa is issued to an individual, whose sole objective is to pursue regular and full-time academic studies, and for no other purpose/activity. Such visas are issued for the duration of the course or for five years, whichever is less, to bona fide students to pursue regular studies at recognized institutions. Proof of financial support for the applicant’s stay along with other documents is to be submitted to obtain the same.

Similar to various types of Visas available in India, Dubai also issues several categories of visas. Getting a Dubai Visa is in fact one of the most hassle-free visa obtaining processes.

Step-by-Step Process for Getting a Student Visa to Study in Dubai

The up-and-coming trends in the education and job market list Dubai as one of the top destinations for studying abroad. For Indian students wanting to study in Dubai, a Student Visa is necessary. The qualifications and eligibility required to apply for a Dubai Student Visa include the following.

To apply for a Graduate Degree in Dubai the academic prerequisites are:

● 60% or 65% above score in your plus 2/intermediate depending on the University you are applying for.
● An English language proficiency test like IELTS or TOEFL with the required passing criteria.

To apply for a Post-Graduate Degree in Dubai the academic prerequisites are.

● Completion of a graduate degree with at least 60% and above score from any recognized university.
● An English language proficiency test like IELTS or TOEFL with the required passing criteria.

Student visas are specifically for college students pursuing their studies in Dubai. They are issued for one year at a time. If the student completes high school in the UAE, they have an additional 1 year visa.

The entire Visa application process can be categorized under three steps. The first is to fill out an online application form. The second is to submit documents and pay the Visa fees, and the third is to book an appointment and receive the Visa.

Before applying for the Visa, there are a few tasks to be done. They include:

  1. Finalizing a course and a University.
  2. Applying to the University for the selected course.
  3. Getting an acceptance or admission letter from the university.

These steps are essential as the University is the agency that handles the Visa process and provides the sponsorship. Most universities provide sponsorship to students only if they are enrolled for a full-time course, and not for a part-time course. Moreover, an acceptance letter is required to apply for a Visa.

The next step is to fill out the application form provided by the University and submit it to the student recruitment office. The application form includes:

  1. General demographic information about the student
  2. Visa type
  3. Passport details
  4. UAE address details
  5. Home country address details
  6. Emergency details
  7. Terms and Conditions
  8. Declaration

Along with the application form, the following documents are also required to be attached:

  1. A Passport with at least 6 months validity is the primary requirement.
  2. The passport must have two blank visa pages (one to endorse the visa and one for entry stamps)
  3. Coloured recent photographs with a white background
  4. Photocopies of passport.
  5. Passport copies with entry visa to the UAE, upon arrival.
  6. Acceptance letter/Proof of acceptance by a recognised university.
  7. A tenancy agreement.
  8. A copy of the tuition fee receipt for the current study year of the program.
  9. A copy of the visa fee receipt for the current study year of the program.
  10. An attested undergraduate degree completion certificate for postgraduation students.
  11. Proof of bank funds in Dubai along with medical insurance.

The following step is to pay the visa fees and receive the entry permit. With a few emails, and bookings you can finally fly overseas and arrive in Dubai where the Visa is stamped, and you receive the verified documents.

The last step is to book an appointment for a medical checkup. After this is cleared an appointment with the Visa department is scheduled to complete the biometrics and Visa confirmation. And that is all about applying to a Dubai student Visa!

The university might ask you to submit copies of the Visa for their record.

Do you want to study in Dubai? We Study Overseas Help experts offer guidance on the most prestigious universities and top-notch courses for higher studies in Dubai. Enquire now!

FAQ’s:

What is the Time Required for Processing of Visa?

The Dubai visa processing time for Indian students takes around 15 to 20 working days. The student visa will be processed once you have accepted your offer of admission, cleared all academic conditions and submitted all necessary financial documents. Certain factors like specific visa categories, the complexity of the case and the workload at Dubai immigration authorities etc. can increase the visa processing time. Sometimes, even an overall health check-up is advised. Hence, it is necessary to apply for a visa well in advance.

Student Visa Fees and renewal fees vary for a one-year visa depending upon the universities, colleges and institutions.

Visa Validity: What You Need to Know

If a student stays out of the UAE for longer than six months, their student residence visa becomes invalid. Usually, the sponsors report to the authority. Therefore, in conclusion, If Students are planning to study in Dubai, they simply have to contact their respective universities to apply for a student visa and each university has its criteria for the visa process, document requirements, and visa processing fees. One also needs to know that student residence visas are normally only valid for 1 year at a time, which can be renewed each year during the study program.

For more details, visit the official website of the UAE to apply for a Visa.

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Scholarships for Indian Students Study in Dubai Study in Dubai Scholarships

Scholarships in Dubai for Indian Students – How to Apply and Qualify

study in Dubai scholarships

In a recent interview from May of 2024, a senior official of Heriot-Watt University, Dubai, explained how the buoyant job market, the booming business sector, high rates of employability in Multi-National Companies and relatively easy Visa rules and application process makes Dubai one of the prime choice for Indian students to study abroad.

Dubai, is home to around 50 plus universities, out of which multiple are accredited by the Ministry of Education, UAE. Out of the many aspects of these universities, in this blog, we will be addressing the financial factors. The fee structure for every course is different based on the structure and design of the course, as well as the University that hosts it. We will primarily be discussing the scholarships and Financial aid provided by the top universities in Dubai.

Value of UAED and INR

Let us first know the value an Indian rupee holds in the market of the UAE. A Hundred Indian Rupees equals 4.41 UAE Dirhams; conversely, a Hundred UAE Dirhams equals 2270 Indian Rupees. Based on the exchange rates, the value changes, but is still approximately around the above-mentioned value.

Because the value of the UAE Dirham is higher than that of the Indian Rupee, tuition fees, accommodation fees, and other miscellaneous finances might be a little taxing economically. Hence, applying and qualifying for scholarships in Dubai can prove to be a very beneficial and helpful financial aid.

Scholarships

According to the classic definition, a Scholarship is a financial award given to a student to help support their education. Scholarships can be based on academic merit, special academic achievements, athletic achievements (the field of sports activities), the background of the student, special quotas like the military or the minority, and based on financial needs of the student.

In the following paragraphs, the scholarships provided by the Top universities in Dubai, and applicable to Indian students will be explained.

Zayed University

Ranked at the 4th place in UAE, Zayed University has an Undergrad tuition fee of 2500 AED per credit hour. Here are details regarding the fee structure and scholarships.

  • The fee is not exempted for Indian students.
  • In case the complete payment cannot be processed in one go, they can be divided into instalments payable in the Fall, Spring, and Summer terms of the undergraduate level.
  • At the graduate level, scholarships are provided for international students who fit in the given criteria.
    • The applicant must submit the complete application before the due date and must receive an offer for full admission to Zayed University.
    • The scholarship level and value are determined by the student’s academic CGPA. For instance, a student scoring a 3.70 CGPA, will be provided with 25% of the tuition fee as the scholarship.
    • The scholarship is withdrawn if the student fails to maintain their CGPA above 3, and if the student is dismissed from the course for any reason.
  • The Zayed University alumni scholarship is applicable to students passing out of Zayed University and holding a Zayed University Bachelor’s or Masters degree.
  • ZU also provides a financial compensation award for students selected under the Graduate Teaching Assistantship, Graduate Research Assistantship, and Graduate Administrative Assistantship.
  • They also provide tuition discounts for students who are sponsored by another entity that is in partnership with ZU and follows the protocol decided upon.

University of Wollongong in Dubai

UOWD has provisions to provide scholarships to qualifying students based on Merit, and athletic excellence. These scholarships cover an aggregate sum of the tuition fees but do not cover the living expenses or the additional study-related costs.

Scholarships provided for bachelor’s degree with integrated freshman-year students are:

  • The scholarship is limited to the students who fit in the required criteria and is based on early applications for the same. The following scholarship
  • The value of scholarships for Indian students is as follows:
    • Students securing 95% and above in the State boards or CBSE, receive a 50% scholarship on tuition fees, meanwhile, a student pursuing a 3-year bachelor’s degree gets 25% off.
    • Students securing between 85 to 95% in the State Board or CBSE examinations, receive a 25% scholarship on tuition fees, meanwhile, a student pursuing a 3-year bachelor’s degree gets 15% off.
    • Students securing between 80% to 85% in the State Board or CBSE examinations, receive a 15% scholarship on tuition fees, meanwhile, a student pursuing a 3-year bachelor’s degree gets 10% off.
    • To continue the scholarship, one must maintain a certain level of scores, and enroll in a specified number of courses as declared by the University.
  • Masters’ students are provided with a 15% and 25% scholarship based on the following requirements:
    • Acceptance from the University for a full-time course in ZU.
    • A minimum of 9/10 GPA in the bachelor course for a 25% scholarship.
    • A minimum of 8.5 /10 GPA in the bachelor course for a 15% scholarship.
  • The Adam Gilchrist sports scholarship is awarded to two students who are professionally representing a team or playing at the state and national level and have had a 65% and above score in their board exams. This is applicable to both the undergraduate and graduate levels.
  • For continuing students, a 15% to 25% scholarship is provided with a requirement of a minimum cumulative Weighted Average Mark (WAM) of 75 in their studies, and the completion of a minimum of 36 credit points.
  • The number of Sports scholarships for continuing students is unlimited in number

The British University in Dubai

Following the University of Wollongong in the list of University rankings, BUiD provides Scholarships for Undergraduate and Graduate level programs.

  • The scholarships at the undergraduate level are segregated depending on the departments like Law, Computer Science, Business, and Electromechanical Engineering degrees.
  • For Indian students, merit-based scholarship is provisioned:
    • 50% scholarship for high school grades > 98%; required to maintain a GPA around 3.9
    • 35% scholarship for high school grades > 90%; required to maintain a GPA around 3.5
    • 30% scholarship for high school grades > 80%; required to maintain a GPA around 3.2
    • Other scholarships involve a Sibling discount (if one of your siblings is also studying at BUiD, scholarships for people of determination, and for children of BUiD alumni.
  • Scholarships for the Master’s programs include:
    • Discount if there is a first-degree relative studying in the University at the same time.
    • Group discount for a minimum of 5 employees from the same company joining at the same time.
    • Getting a score of Distinction in your bachelor’s degree.

Amity University Dubai Campus

The scholarships provided by Amity University in Dubai are granted annually after the re-evaluation of merit scores. Indian students can qualify for the International student scholarship.

Manipal Institute of Higher Education Dubai

The MAHE Dubai provides scholarships to Indian students in the following categories:

  • Merit-based scholarships for students meeting the required criteria in terms of their academic performance. 30% of the tuition fee wavered during the first year of study.
  • Sports Scholarship for individuals exhibiting athletic excellence. 50% of tuition fee is waivered during the first year of study.
  • Girl Child Scholarship provides a 100% waiver on tuition fees. This scholarship is provided in partnership with the Embassy of India in UAE.
  • Alumni Scholarships with a 25% waiver for students of MAHE Dubai pursuing higher studies in the same University.

All of the above-mentioned scholarships are subject to terms and conditions set by the Universities. Read carefully before applying. It is suggested that you opt for tele-consultation, or discuss with the administration staff regarding the scholarship that benefits you the best.

Make sure to visit the websites of these colleges to know more about the last date of application, and apply in due time

Happy learning!

Categories
Study in Dubai Universities in Dubai

A Step-by-Step Guide for Indian Students applying to universities in Dubai

Education in Dubai

Education in Dubai is popular amongst Indian students. In this blog, we will outline the basic steps of applying to the top universities in Dubai. We will also take a look at the reasons making Dubai an optimal choice to pursue education, while also listing the best universities in Dubai.

Top Reasons why Students Prefer Studying in Dubai

A. There is a wide range of Universities and business sectors, and there is constant competition. This creates an intensive atmosphere to develop the skillset and mindset of the students, thus benefitting them in some way.
B. The innovative and futuristic nature of technology, adds cutting-edge exposure to the student’s overall experience.
C. The proximity to India makes it convenient to travel and lowers travel costs considerably.
D. The multicultural environment in Dubai creates a safe space for students of all nationalities. And there is always somebody you know from India working in Dubai! This makes students feel at home.
E. Numerous Indian Universities have an offshore campus in Dubai. This provides students with UGC-approved education combined with practical training from the job markets in Dubai.

Top-Rated Indian Universities Located in Dubai

A. Amity University in Dubai
B. Manipal Institute of Higher Education
C. BITS Pilani Dubai Campus
D. SPvJain School of Global Management

Top-Ranked 5 Accredited Universities in Dubai

A. Zayed University
B. University of Wollongong in Dubai
C. British University in Dubai
D. Canadian University in Dubai
E. University of Dubai

Top Five Popular Courses in Dubai

A. Business Administration
B. Architecture and Urban Planning
C. Arts and Design
D. Hospitality and Tourism
E. Sustainable and Innovative Technology

The step-by-step guide for applying to Universities in Dubai for Indian students is as follows:

Step 1: Selection of an Area of Interest:

  • Based on personal preference.
  • Based on market trends.
  • Based on the courses available.
  • Based on the scope of the job.

Step 2: Shortlisting Courses.

  • Compiling a list of suitable universities.
  • Selection of a university:
    • Based on the world ranking.
    • Based on their course structure.
    • Based on the placements and internships provided.
    • Based on the faculty.
    • Based on the mode of education. ( language, and attendance)

Step 3: Checking Course Requirements:

  • Minimum Education
  • Marks
  • Entrance Exams
  • Intake Semester
  • Visas
  • Passports

Step 4: Applying to the University

  • Prepare the materials
    • CV
    • Portfolio
    • Recommendation letters
    • Marks Sheet
    • Identity certificate
    • Passport size photographs
  • Fill the application form with due importance given to completing the task before the deadline.
  • Pay the application fee.
  • Preparing for the entrance/interviews.
  • Wait for confirmation.

Step 5: Counselling

  • In-person
  • Tele counselling:
    • Accommodation
    • Facilities
    • Payments
    • Scholarships
    • Other requirements

Step 6: Applying for a Visa and Passport

  • Application process
  • Necessary documents
  • Insurances

The Detailed Guidebook for Indian Students Applying to Universities in Dubai

Step 1:

The pre-requisite to college application is knowing what one would like to plan for their career and future. The first step is to narrow down an area of interest. A few pointers that will help you with the Selection of an area of interest are:

  • Your personal preference that aligns with your aspirations, dreams, values, and goals.
  • Based on the current trends in the job market, the needs of the hour, and the range of the job.
  • Based on your personal preference and market needs, browse through the courses available in the chosen field.

Step 2:

The next step is to Shortlist the courses, and the colleges providing the desired programs. To be able to do this, start with:

  • Compiling a list of suitable universities. This can be chosen based on the city you want to study, the provision of facilities, reputation and ranking, and the academic quality of the university.
  • In our case, we are going ahead with Dubai, one of the most promising cities in the world for education, and a home to 50 plus highly ranked global universities.
  • Another important factor to consider is the course structure. Please make sure to understand the curriculum thoroughly to get an idea of what you will be learning. The faculty also plays a vital role.
  • Although most colleges in Dubai use English as the mode of education and communication, double-check before shortlisting.
  • The final and essential factor while shortlisting universities is to check the internships provided by them the nature and type of placements available, and whether it is feasible to continue with your Visa.

Step 3:

Once the courses are shortlisted, proceed to check the requirements needed to study the course. Factors you need to consider are:

  • The minimum level of education required to study the course is as follows: Certain courses also require you to have studied a specific subject in your previous academic year. For instance, courses like an MBA require you to have studied statistics for your bachelor’s or equivalent degree.
  • The percentage of marks scored in the previous examinations also counts as an important aspect in the selection criteria.
  • Scores on entrance tests formulated by the university, or scores on International Language Testing like IELTS and TOEFL. International English Language Testing System functions as a standardized English language test for non-native English speakers. This acts as an entrance test for students applying to universities in foreign countries. Indian students applying to study in Dubai need to have their scores on IELTS to get admission to certain universities.
  • IELTS measures proficiency in English Listening, Reading, Writing and Speaking. To qualify for a Visa application, one must take this examination in person either through the computer mode or through the paper-pen mode. To prepare for the test, the official website of IELTS India provides with sample test papers, reading and writing material, webinars, applications and much more. To apply for universities in Dubai, you can take the IELTS Academic Test. IELTS General Training test can be taken if you wish to study in Dubai below the graduate level.

Step 4:

After the course requirements are understood, go ahead with enquiries and counselling. Counselling here refers to a professional from the University department explaining the course, and its outcomes, and checking your suitability for the same. Counselling can be done in person when you visit the campus or can be done as tele-counselling if you are not able to physically visit the campus.

During Tele-counselling, remember to discuss the following key points:

  • The structure of the course. This includes how subjects are divided across semesters, the options for electives, the co-curricular activities, and the subjects under study.
  • Although course requirements are usually posted on the official website of the university, go through them with the counsellor.
  • Enquire about the facilities on campus like the cafeteria, gymnasium, basketball courts, playground, swimming pool, music room, auditoriums and so forth.
  • Ask about the accommodation provided by the university, and if not what would private expenses and options for accommodation look like
  • Finally, discuss one of the most important aspects; the Fee structure. Ask questions to learn more about:
    • The total fees including the tuition and other costs.
    • Availability of the installment payment system.
    • Scholarships available and how to qualify for them.
    • And any other miscellaneous requirements of the University.
  • Once tele-counselling with all the shortlisted universities is done, come to a decision about the course and university you would like to study at.

Step 5:

The final step is to send applications to the list of shortlisted universities. First and foremost get your documents in order. These include:

  • Your Marksheets from grade 10, grade 12, and Bachelor’ (that is if you are applying for a master’s)
  • Recommendation letters as per the requirement of the university.
  • Portfolios if applicable.
  • Identity certificate or Passport: A passport is the official document to travel internationally. It verifies and confirms your identity as a resident of the country. It also verifies your personal details like age, address, and so on.
  • And Passport size photographs.
  • Fill the application form with due importance given to completing the task before the deadline.
  • Pay the application fee and any other fee applicable. Make sure to keep a copy of the receipt.
  • Prepare well for interviews in any, and keep your documents ready.
  • Wait for confirmation from the university before finally choosing the one University that you want to study at.
  • The last step would be to file for a Visa after confirmation of admission by the University. A Visa is an official document that allows an individual to enter a foreign country legally. A student Visa can be applied for to study at a University in Dubai.
  • While applying for a Visa, the following points need to be taken into consideration:
    • Acceptance letter from the university.
    • Accommodation proof.
    • Sufficient financial funds for expenses, tuition fees and medical insurance.

That is all about applying for your education in Dubai. Happy Learning!

Categories
Study in Dubai Universities in Dubai

Top MBA Programs in Dubai for Indian Students

MBA in Dubai for Indian students

The following blog outlines the nature of MBA courses, specializations, the top universities for MBA in Dubai, and the benefits of studying MBA in Dubai for Indian students. Let us start by understanding the basic points and terms used in MBA.

Basics of MBA

First, let us get a basic understanding of the specializations and types of MBAs. Master of Business Administration is a course designed with core subjects like finance, microeconomics, strategic and operations management marketing and ethics to develop the student’s comprehensive skills, business sense, and interdisciplinary knowledge

There are multiple interdisciplinary specializations that can be studied for an MBA. Some of the most frequently studied courses, and the ones in high demand are listed in the table below.

SpecializationTopics under Study
FinanceInvestments, Financial Markets, Corporate Finance, Financial Modeling
Business Analytics & Big DataData analysis, fundamentals of Business, Data visualization, Strategic thinking
Artificial Intelligence & Machine LearningAI strategy, Business Analytics, Advanced ML, Big Data Management
MarketingConsumer Behavior, Brand Management, Marketing Strategy, Digital Marketing
Human Resources ManagementTalent Management, Compensation and Benefits, Organizational Development
Information Technology ManagementIT Strategy, Business Analytics, Digital Transformation
Operations ManagementSupply Chain Management, Logistics, Quality Management
EntrepreneurshipNew Venture Creation, Innovation Management, Entrepreneurial Finance
International BusinessGlobal Strategy, Cross-Cultural Management, International Marketing
Healthcare ManagementHealthcare Economics, Healthcare Policy, Healthcare Operations
ConsultingStrategy Consulting, Management Consulting, Business Analysis
Rural and Agri-BusinessAgricultural economics, Agribusiness, Sustainable agriculture, risk management, technology
Sustainability and Environmental ManagementSustainable Business Practices, Corporate Environmental Strategy, Green Supply Chain Management

The course structure of an MBA involves core subjects that cover finance, analysis, strategic thinking, and planning. Apart from the core subjects and specializations mentioned in the table above the MBA course also includes Interdisciplinary subjects, electives, and hands-on training.

Before enrolling for an MBA course, a quick look at the type of degree provides clarity. MBA degrees can be classified into three divisions based on the time, duration, commitment to the course, and experience.

  1. Full-time MBA: Takes around a year or two, and is beneficial for students new to the field, and can attend classes regularly
  2. Part-Time MBA: Usually lasts for two to five years and is suitable for working professionals seeking advancement in their career paths. Classes are more flexible to accommodate the work schedules of individuals
  3. Executive MBA: Designed specifically for experienced working professionals, this course enhances and helps individuals stay up-to-date with the state of the art and modern developments. Duration varies based on courses and universities.

According to the GMAC 2023 Survey, Part-time and EMBAs saw a trend of increased admissions compared to full-time MBAs. Given the current national and international demands, analysts speculate that the following will be the most in-demand MBA graduates.

“Finance, Marketing, Operations, Information Technology, Big Data, and Entrepreneurship are leading nationally. Internationally, Global Management and Sustainability also contribute to the list of top MBA programs.”

Catching up with the recent developments, specialisations like Rural and Agri-business, AI and ML, Sustainability and Environmental Management are gaining momentum.

Now that we have a basic understanding of the outline of the MBA course, let us look at why Dubai is a good option to do an MBA abroad, and which universities make it into the Top 5 MBA programmes in Dubai for Indian students.

MBA in Dubai for Indian Students

Dubai, one of the most populous and booming cities of the United Arab Emirates, is home to a wide range of businesses in the sectors of trade, logistics, hospitality, tourism, real estate, and construction.

  • Due to its strong economy and diverse business centres, Dubai is a great option to pursue a Master of Business Administration.
  • Alongside that, high education quality, international faculty, and multiple Indian offshore campuses make it super convenient to pursue an MBA in Dubai for Indian students.
  • Indian universities like Amity, Manipal, and BITS Pilani have their offshore campuses in Dubai. This makes it extremely suitable for Indian students to adapt to the course structures and the environment.
  • Dubai consists of a decent percent of Indian population, making the students feel less homesick!

Let us take a look at the top 5 colleges in Dubai to pursue an MBA

Top 5 Colleges in Dubai for MBA

UniversityTypeModeTimeTuition FeesScholarships
London Business SchoolExecutive MBAIn-person20 months1,25,29,046 INRICICI Bank education loan
University of DubaiMBAIn-person (full-time, part-time)12-15 months_Merit, Nationality, others
Manipal Academy of Higher EducationMBA (day), (evening)In-person (full-time, part-time)2 years11,45,676 INRMerit scholarships on tuition fees
Institute of Management TechnologyMBAIn-person; full time1 year19,32,234 INRStudent merit-based scholarship
BITS PilaniMBA, MBA in Business AnalyticsIn-person2 years,7,27,374 INRMerit, tuition scholarship, bank loans
  1. London Business School

This institution provides a 20-month, in-person Executive MBA degree. Ranked 9th in the world for EMBA, this school has an alumnus of over fifty thousand and is located in the heart of the Dubai International Finance Centre. New intakes for 2024 start in September this year.

This degree applies to experienced personnel with an average of 13 years of work experience. The London School of Business webpage outlines the available core courses and about 70 plus electives to choose from.

The fees are stationed at 150000US$. When converted to Indian rupee, the value is around 1,25,29,046. There are varieties of scholarships available based on the nationality of students. For Indian students, the ICICI Bank Education loan is available as a financial aid. Additionally, scholarships and leadership funds are available specifically for experienced women professionals.

The faculty at the London Business School are from different nationalities and levels of expertise, building a strong foundation for the knowledge, research, and skills of their students.

  1. University of Dubai

The University of Dubai, located in the Academic city, is one of the key institutions providing multiple different specializations for the degree of Master in Business Administration. The specializations include regular MBA, MBA in Supply chain management, MBA in Digital Marketing, MBA in Fintech, and MBA in Strategic human capital. This school of business is licensed under the Ministry of Education, UAE.

The intake for the regular MBA is throughout the year and is taught in both the full-time and part-time mode. Apart from the specialisations listed above, the School of Business also provides certificate courses to enhance the knowledge of students. A bachelor’s degree in Business administration and a mentioned score in IELTS or TOEFL are required for admission to this institute. The fees vary for national and international students, so it is advised to contact their admin office and use their fees calculator to arrive at the final sum. Scholarships are provided based on nationality, merit, school scores, and multiple other cut-offs.

  1. Manipal Institute of Higher Education

Manipal Group of Education has one of its offshore campuses located in Dubai. It provides a multitude of courses related to business administration. They include an MBA in both a full-time day mode and a part-time evening and weekend mode, a Post-graduate diploma in Business Administration and a Postgraduate Diploma in Supply Chain and Logistics.

These courses designed for two years include beneficial opportunities and a guarantee of placement. The day MBA degree provides an option of earning a dual degree from Edinburgh Napier University, UK. The specialisations span from Marketing, Finance, and Operations, to Human resource management, healthcare and entrepreneurship. The evening MBA provides comprehensive training and overviews of all subjects included in the regular course.

The fee structure for the day course is about 11, 45,676 INR, whereas the tuition fee for the evening course is around 8, 83,126 INR. Financial aid is available in terms of merit-based scholarships applicable on tuition fees.

  1. Institute of Management Technology

IMT is a school of management that is registered and licensed by the Ministry of Education, UAE. The institute is located in Dubai International Academic City and houses a full-time one-year MBA course. The course begins in September 2024.

The course is structured into four terms, with core subjects, electives, and experiential learning. The international exchange program and the global immersion program of this institute provide students with a holistic and rich learning and skill expertise. The course fee is 85000 AED which is converted to INR and sums up to 19, 32,234 rupees. Scholarships are awarded based on student merit and follow its own set of guidelines. These scholarships do not apply to administration, accommodation, travel, visa, and insurance.

  1. BITS Pilani Offshore Campus

The BITS Pilani Institute provides two options; one is the regular Master in Business Administration, and the other is the MBA in Business Analytics. Individuals with a minimum three-year bachelor’s degree and having studied mathematics and statistics in either 10 +2 or higher level are eligible to apply for this course.

Both of these courses are suitable for graduates, and working professionals aiming to advance their careers. Working professionals have the option of choosing a dissertation over an internship in their final semester. Merit scholarships, tuition fee scholarships, and hostel fee concessions are provided. The tuition fees amount up to 32,000 AED which when converted to INR equals 7, 27,374 rupees.

In totality, here are a few things to consider before you begin your application process:

● Make sure you have the right Visa and Passport ready.
● Enquire at the admin office of the universities to gain more detailed information and consultation.
● Be well informed about your choices, current market needs, and specialisations.
● Each institute has its intake requirements that may be based on entrance exams, graduation levels, and years of work experience. Make sure to check the requirements before applying.

Happy learning!

Categories
Study in Ireland

Top MBA Colleges in Ireland 2024

Study MBA in Ireland

Ireland offers an array of MBA programs known for their quality and global recognition. This blog highlights the top colleges for MBA in Ireland for 2024, focusing on their specializations, faculty, industry connections, career placements, and their rankings.

Top MBA Colleges in Ireland

Trinity College Dublin – The School of Business

  • Specializations: Finance, Entrepreneurship, International Business
  • Faculty: World-class experts with extensive industry experience
  • The college boasts prestigious accreditations and memberships from a range of respected bodies including the AACSB (Association to Advance Collegiate Schools of Business), EFMD EQUIS (European Quality Improvement System), AMBA (Association of MBAs), the Athena SWAN Bronze Award which recognizes advancement in gender equality, PRME (Principles for Responsible Management Education) an initiative of the United Nations Global Compact, eduniversal Business Schools Ranking, QS (Quacquarelli Symonds) for world university rankings, and it is part of the Council on Business & Society, a global alliance of schools of management.
  • Career Placement: High employment rates in top-tier companies post-graduation
  • QS Ranking: Ranked 101 globally

University College Dublin – Smurfit Graduate Business School

  • Specializations: Entrepreneurship, International Business, Finance
  • Faculty: Renowned professionals and researchers
  • Being a part of the Global Network of Advanced Management (GNAM), which comprises 32 elite business schools including Yale, INSEAD, and Oxford’s Saïd Business School, the UCD Smurfit School provides its students with unparalleled global exposure.
  • Career Placement: 90% employment rate within three months of graduation
  • QS Ranking: Ranked 177 globally

Dublin City University – Business School

  • Specializations: International Business, Finance, Entrepreneurship
  • Faculty: A mix of academic scholars and seasoned business practitioners
  • DCU Business School has solidified its reputation as a premier institution with the prestigious AACSB (Association to Advance Collegiate Schools of Business) accreditation. This recognition places DCU Business School among the elite top 5% of business schools globally, marking it as a bastion of excellence in business education.
  • Career Placement: Excellent employment rates across various industries
  • QS Ranking: Ranked within 401-450 globally

Cork University Business School

  • Specializations: Entrepreneurship, Finance, International Business
  • Faculty: Noted for research and practical business experience
  • The institution holds esteemed accreditations and is a member of distinguished global networks, which include the Association of MBAs (AMBA), the Association to Advance Collegiate Schools of Business (AACSB), the Principles for Responsible Management Education (PRME) initiative of the United Nations Global Compact, and EFMD Global, reflecting its commitment to excellence in business education.
  • Career Placement: High placement rate in finance and international businesses
  • QS Ranking: Part of University College Cork, ranked within 301-350 globally

University of Limerick – Kemmy Business School

  • Specializations: International Business, Finance, Entrepreneurship
  • Faculty: Experts in both academia and business
  • Its MBA program boasts a ‘Triple Crown’ accreditation, having earned recognition from the Association of MBAs (AMBA), the Association to Advance Collegiate Schools of Business (AACSB), and EQUIS (EFMD Quality Improvement System).
  • Career Placement: High employment rates in multinational companies
  • QS Ranking: Ranked within 501-550 globally

National University of Ireland, Galway – J.E. Cairnes School of Business and Economics

  • Specializations: Finance, Entrepreneurship, International Business
  • Faculty: Known for international business expertise
  • J.E. Cairnes is distinguished by its dual accreditation from the Association of MBAs (AMBA) and the Association to Advance Collegiate Schools of Business (AACSB), highlighting its global recognition for excellence in business education.
  • Career Placement: Graduates occupy significant positions internationally
  • QS Ranking: Ranked within 258 globally

Griffith College Dublin

  • Specializations: Strategic Management, International Business, Entrepreneurship
  • Faculty: Blend of academic and industry expertise
  • The institution has formed strategic partnerships with ESS Ltd. and Globe Business College Munich, which illustrates its commitment to collaboration and the expansion of educational and professional opportunities for its students and stakeholders.
  • Career Placement: High graduate employment rate
  • QS Ranking: Not individually ranked, but enjoys a good reputation in Ireland

Selecting a program for MBA in Ireland is a significant decision that influences future career prospects. Students should consider multiple factors along with the QS rankings to make an informed choice that aligns with their career objectives. Study Overseas Help streamlines the process of shortlisting top MBA colleges in Ireland for you and assist you throughout the admission process along with multiple assistance programs during your entire academic journey in Ireland.

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Study in UK

Conquering the UK MBA as an Indian Student

MBA in UK for Indian students

Pursuing a Master of Business Administration (MBA) in the United Kingdom for Indian students is a one-of-a-kind experience. It’s a path laden with opportunities for personal growth, professional development, and global exposure. We will discuss the prospects that await Indian students pursuing an MBA in UK and share insights about the application process.

The Allure of a UK MBA

Global Recognition and Academic Excellence

Several top business schools of the world such as London Business School and Oxford’s Said Business School are located in the UK. These institutions offer rigorous academic standards, cutting-edge research, and innovative teaching methodologies. Obtaining an MBA degree from the UK is a globally recognized symbol of excellence. Top ranking systems such as TIMES and QS often feature UK universities in the top tiers.

Diverse and Powerful Alumni Networks

A key strength of UK MBA programs is their expansive alumni networks. These networks connect students with a global community of successful professionals and leaders. For example, the alumni network of Cambridge Judge Business School spans over 120 countries, providing unmatched opportunities for networking and mentorship.

Cultural Diversity and Learning Environment

The UK is a melting pot of cultures, offering a diverse and inclusive learning environment. This diversity fosters a broader understanding of global business practices and prepares students for leadership roles in a multicultural world.

Navigating the Application Process

Understanding Admission Requirements

Admission requirements vary among institutions. Typically, they include a good undergraduate degree, work experience (average of 5 years), and GMAT scores. For instance, the average GMAT score for incoming MBA students at Imperial College Business School is around 650.

Crafting a Standout Application

Personal statements and essays are pivotal. They should reflect your career aspirations, leadership potential, and how the MBA will help you achieve your goals. Clear articulation of your vision is crucial.

GMAT and English Proficiency

A competitive GMAT score is essential. Additionally, as English is not the first language for many Indian students, proficiency tests like IELTS (usually requiring a score of 6.5 or higher) or TOEFL are mandatory.

Embracing UK’s Culture

Adjusting to Cultural Differences

The UK’s culture might be different from the one over here at home. Understanding and adapting to these differences is key to a smooth transition. You may attend various festivals, fairs, etc. to better understand the local culture and traditions.

Building a Local Network

Engaging with local communities and fellow students helps in building a support system. Many universities have Indian societies and clubs, which can be a starting point for socializing and networking.

Career Opportunities Post-MBA

Internships and Job Placements

The UK offers vast opportunities for internships and placements. For instance, at the University of Warwick, over 94% of MBA graduates are employed within three months of graduation.

Leveraging University Career Services

Universities offer extensive career services, including CV workshops, interview preparation, and job fairs, crucial for post-MBA job hunting.

Networking for Career Advancement

Attending industry events and seminars is vital for networking. These platforms can lead to potential job opportunities and industry connections.

MBA in UK is a gateway to a world of opportunities. MBA in UK for Indian students is an investment in your future, providing you with the tools, networks, and knowledge to excel in your career. Study Overseas Help provides you with the support to embrace the challenges and opportunities that come your way to becoming a global business leader.

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Student Loans

Comparing Student Loan Options for Studying Abroad

Comparing Student Loans

Taking your aspirations to a foreign country is a milestone for many Indian students. However, this journey is often road blocked by its financial implications. Thus, there is a need to have a well-planned borrowing strategy. We will conduct a thorough comparison of student loan options, tailored for Indian students.

Government-Backed Loans vs. Private Loans

Government-Backed Loans

Advantages: Government-Backed Loans are offered at lower interest rates (around 8-10% annually), they have longer repayment terms and sometimes subsidies on interest.

Disadvantages: They are available up to only INR 20-30 lakhs. Moreover, being government backed brings in higher level of scrutiny which in turn means a stricter eligibility criterion.

Private Loans

Advantages: Private sector loans can have higher limits upwards of INR 50 lakhs. They are more flexible in nature and the processing time is also faster.

Disadvantages: The major impediment in securing a private loan is the high rate of interest (10-14%) and the repayment schedule is stricter.

Types of Interest Rates: Fixed vs. Variable

Fixed Interest Rates

Pros: Offer predictability in repayments; rates generally vary between 9% and 12%.

Cons: Can be higher than initial variable rates.

Variable Interest Rates

Pros: Start with lower rates, beneficial if market rates decline.

Cons: Risk of increasing payments if market rates rise.

Loan Repayment Terms and Grace Periods

Repayment Terms

Short-Term Loans: Typically, 5-7 years, resulting in higher monthly payments but less interest overall.

Long-Term Loans: Can extend up to 10-15 years, easing monthly burdens but increasing the total interest paid.

Grace Periods

Post-Graduation: Several banks offer a six to twelve-month window before repayments start. It eases the burden of immediate repayment and one has time to look for a job.

Indian Loan Providers

Public Sector Banks

State Bank of India (SBI): Global Ed-Vantage scheme offers loans up to INR 1.5 crores with interest rates starting from 8.85% p.a.

Punjab National Bank (PNB): PNB Udaan loans offer up to INR 40 lakhs with interest rates around 9% p.a.

Private Banks and NBFCs

HDFC Bank: Provides flexible loans up to INR 20 lakhs with interest rates starting from 9.50% p.a.

Credila: Specializes in education loans, offering variable rates and customizable plans.

Evaluating Your Options

You must consider the following parameters while deciding upon your loan:

  • Interest Rate Impact: Lower rates are critical for long-term affordability.
  • Loan Amount Adequacy: Ensure the loan covers all costs, including hidden expenses.
  • Repayment Terms: Seek flexible options that align with potential earnings.
  • Processing Efficiency: Consider the ease and speed of loan approval.
  • Collateral Requirements: Weigh the implications of secured versus unsecured loans.

For an Indian student, securing a student loan is a major step. You are advised to compare different loan types, interest rates, and repayment terms. It is better to consult a financial advisor and make the best possible decision keeping in mind your future financial capabilities.