Masters Abroad: Tuition
When world borders are open, everyone is free to choose where to live, get an education, and build a career. Today, foreign education is very popular, and not from the very beginning, after school, but when the profession is already defined and there is a bachelor's degree. In today's article, we will talk about the cost of studying for a master's program abroad .
Master's programs at foreign universities are quite accessible to many Russian students. This is the fastest way to get an international diploma that opens up career opportunities around the world. Master's programs for Russian students in English are open in the EU, USA and Asia and last from one to two years.
In addition, a system of grants is provided for full or partial payment of tuition and accommodation costs. Of course, each country and different specializations has its own requirements and conditions that should be taken into account when deciding whether to enter a magistracy abroad.
A master's degree is issued in three main profiles, if you take the US graduation ( Master's degree ), which is similar to the global one:
• Master of Arts (Master of Arts);
• Master of Science (Master of Science);
• Master of Business Administration (MBA).
All university specialties are divided precisely into these groups, each has its own conditions for admission and scholarships. For example, American universities often sponsor talented students in the field of IT, as this is an investment in the development of the university.
The cost of the master's program: from Europe to Asia
High-quality education is always expensive, especially if training takes place at a prestigious university. A master's degree is not as popular as a bachelor's degree, so the competition for it is somewhat less, and there are much more opportunities for teaching foreign students. In the United States, where the cost of training is measured in loans, the price for a master's program is higher, but since the duration of study is 2 times shorter, it turns out more profitable.
Prices for graduate studies at different universities in the world vary in tens of thousands of dollars per year. It depends on the state policy to support education and attract foreigners, as well as on the degree of popularity of the institution. It is clear that training at the world famous Harvard University will cost many times more than a Malaysian or Czech college.
In EU countries, such as France and Germany, there is a program for supporting foreign students, according to which the cost of a master's program is relatively low. The so-called English-speaking group of states stands out, including the United Kingdom, Canada, the USA, New Zealand and Australia, where education is financed from taxes paid by the parents of the students.
Due to the fact that foreign students do not pay such taxes, they are forced to pay the full and very high cost of training. In this case, technical specialties are of the greatest value, the competition is higher for them and the cost reaches 73 thousand dollars a year.
Germany offers up to 1,600 euros a year and France offers about 3,000 euros a year for the most advantageous offers for graduate studies in all specialties from technical to humanities and business administration from European countries. Since master's programs in Germany are considered to be “free”, about 600-800 euros per year are university fees. But this is a relatively low cost compared to Canada, where annual tuition in the engineering specialty will cost 62 thousand dollars. In the UK, where a master's program lasts only a year, the cost of training does not exceed 24 thousand pounds.
Asian countries such as China, Malaysia, Singapore, South Korea with their rich culture and fast-growing technical capabilities are becoming more popular among students. There, the cost of training is an order of magnitude lower than in the United States or Canada, and varies between 8-20 thousand dollars.
For example, in the USA at the Massachusetts Institute of Technology (MIT), the average annual cost per student in a graduate school is $ 40,733. Studying at Princeton University with a degree in International Relations will cost $ 43,000 a year.
For comparison, the Malaysian Asia Pacific University of Technology & Innovation(APU) training for 16 months in the specialty "Information Technology" is $ 11,170. Whereas at Universiti Kebangsaan Malaysia (UKM) in the specialty of law - $ 6,400 per year.
Additional expenses when studying abroad
Foreign education has never been completely free, even if a grant is received or a scholarship is won. Using the library, the sports ground and other university fees translate into considerable amounts, which vary from 50-400 euros per semester, when it comes to European universities.
If a student enters the master's program on his own without participating in exchange programs or grants, that is, without any additional third-party funding, then for studying in the selected country you will need to open a bank account. There must be an amount of at least 660 euros per month for accommodation and meals for the entire period of study, without which even a visa will not be issued.
Master's programs in various fields are presented on the website: www.masterstudies.ru/Magistratura
If you apply for a scholarship, then you don’t need to open an account, all expenses are paid from monthly payments, which, for example, in the German RWTH Aachen for Media Informatics specialty are about 900 euros. You can contact the German academic exchange service: www.daad.ru/stipendien or www.funding-guide.de (our blog has an interesting article about entering a master's program in Germany ).
Living in the USA is quite expensive and costs about $ 1000 per month, using the library, gym and other expenses amount to at least $ 230. But grants and scholarships also allow you to recoup your training. For example, Research Assistantshipsat the Massachusetts Institute of Technology, which involves research and teaching as part of a scholarship, offers scholarships of up to $ 2664.
In addition, foreign students are allowed to work at US universities, but no more than 20 hours a week, and the first year only on campus.
In Asia, living expenses, as well as tuition prices, are slightly lower than American and European. For example, in Korea, the cost of living will be $ 100-130 per month, transportation costs, the Internet, a library and meals are still about 350. You can also work or get a scholarship for successful studies.
In the next publication, we will share all that we know about grants and scholarship programs for master's programs abroad.
The author of the article is Vyacheslav Davidenko, founder of MBA Consult