How to Study Abroad on a Budget | Jobs after Study Abroad | Study Abroad guide - Rent, Travel, Fees

Management Consulting Program that I personally lead at Blue Chapter: https://bluechapter.com/consulting-experience-program-gen/ If you are applying for fall 2024 MBA programs, check out the global MBA fellowship program: https://bluechapter.com/global-mba-fellow/ **** Follow me here LinkedIn - https://www.linkedin.com/in/pavan-sathiraju/ Instagram - https://www.instagram.com/pavan.sathiraju **** Video to choose the best college - /watch/0uUbrjK6LeA6b **** Low-Cost Study Abroad is a dream for many. We often think about the university we’re going to. Its rank and brand presence play a huge role. But we are most concerned with the total money we need to complete our abroad studies and lastly, the kind of job we can get afterward. Many of us cannot afford to go and study abroad. But with loans and some savings we can plan do to so. Yet, when calculating the cost of studying abroad you need to look beyond the obvious tuition fees. Tuition fees aren’t all that you need to spend. On top of the tuition fees, there are other expenses too. Besides, what college should you target, which job role you should be looking for after an abroad MBA is also a question to reckon with. In this video, I have answered these questions and tried to show you how you can lower the cost of studying abroad by up to 1/3rd by choosing the right university and place to go to. The first such expense is rent. Rent differs from place to place and will vary greatly depending on the university you choose to go to. In NYC the rent for a 3 BHK is close to 3.5-4k per month. If it is shared between 3 students then all of them have to individually pay $1000 per month. On the other hand, if you study at a university like Virginia Tech which is also one of the top universities. But the rent there is very low. A 3 BHK apartment will cost you only $1000 over there. This means one student out of three would only have to pay up to $300. For a 2-year program at Virginia Tech, you would be paying roughly $7,200. On the other end for studying in NYC, you’d be paying roughly $24,000. The difference here itself is $17000 just based on the rent. The next cost on the list is transportation or travel cost. At Virginia Tech it is almost zero. Because small towns like Virginia you can get free public transport because the local economy of the town survives because of that university. On the other hand, you’d have to spend up to $5-10 every day for traveling via metro or bus in NYC. This roughly goes up to $3-4k for a two-year course. These two brackets themselves have made a difference of 20k to the total cost. You should also see if it is a one-year or a two-year program. To share a personal story, my father told me upfront after my undergrad that he couldn’t afford to send me abroad. Back then I didn’t think about it and went on with my job. But knowing these factors today, I could’ve convinced my father that I don’t need so many loans. I would probably take a part-time offer or study in a town like Blacksburg. In countries like the US, if you don’t get a job after completing your studies you must come back. But in the UK, you can extend your visa up to 2 years. This kind of provision in countries that are more receptive towards immigrants is really really crucial. Just don’t assume that you will go study in the US but consider other options where visa rules are a little better. Then what can you do if the job market is bad? The best thing to do would be to choose a university that matches your profile. If you are an engineering graduate, pick up a school that is stronger in engineering. Cornell is known for its engineering department. If you are a computer science major then consider studying at Foster School of Business. If your background is in Oil and Gas then consider studying at some university in Texas. You should not get swayed by the cost factor because there are many benefits of studying abroad. Hope you like this video, I’ll see you again in the next one. ***** About Me I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video ***** Chapters 0:00 - Intro 0:21 - Tuition Fee vs Other Costs 1:29 - Rent 2:35 - Transportation 3:22 - 1 vs 2-year program 3:41 - My Story 4:26 - Job After Study Abroad 5:26- - College Profile Overlap 6:42 - Summary & Message 7:31 - Outro

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