When a student seriously considers a study abroad program, he or she certainly thinks about the experience of understanding things from different perspectives. However, there is another critical factor that they should consider is the return on investment related to their academic journey which is one of the top factors for students wishing to study science and technology programs in the U.S., Europe, Australia, and Canada, etc.
If you are planning to pursue a study abroad course such as a B.Tech engineering abroad program, then there is some great news regarding the same! Let’s find out more.
Job market for study abroad Indian students is good, both in India and foreign
Most master’s in engineering courses fall under the realm of STEM (Science, Technology, Engineering, Mathematics). M, who receives a degree in an approved STEM program of study, is eligible for 12 months of post-completion optional practical training (OPT). That student may also apply for a 17-month OPT (Optional Practical Training) extension. OPT refers to internships or job-training courses that you can take up at a globally renowned company. This helps you to extend your H1B visa by a maximum of 29 months and by this makes you ready for a job and the time to find a job as well. The case is similar for countries such as Australia, Germany, France, and Canada, wherein students can get a post-study visa ranging from 18-24 months in order to get a job.
Coming to the placement data, the overall employment rate for foreign graduates has now reached around 70% in the United Kingdom. The statistics for graduate students in the U.S. look really promising, as a total of 56 U.S. universities appearing in the Global University Employability Ranking 2018. The ranking reveals the universities that the recruiters at top companies think are the best at preparing students for the workplace. For eg., about 60% of the class of 2017 from the University of California alone went directly into the workforce.
Also, it is a fact that a foreign degree gives an edge to Indian students in the Indian job market as well.
An article published in Dec 2018 in Economic Times highlighted how Indian job market is attracting Indian students with a foreign degree. The evolving job market is valuing global education and outlook.
Source: Economic Times
Most In-demand jobs globally
According to an article published in Business Insider, The Bureau of Labor Statistics’ Employment Projections program published a list of 33 highest paying jobs by 2026. The list is based on job titles that are both highest paying and growing.
The list includes managers, market research analysts, financial and operational managers, and application software developers.
In the USA, ‘Data Scientist’ has been declared as the best job for the 4th year in a row with 6,510 open positions paying a median base salary of $108,000, and the best tech jobs include security engineer, java developer, and systems administrator, while the highest-paid tech job is software engineering manager, with a median base salary of $153,000.
Salary comparison of M.S graduates in the U.S. and India for the same job role
Microsoft Corp. (USA) – $112K Accenture (India) – INR 450K ($6.2K)
Google Inc. (USA) – $113K Capgemini (India) – INR 450K ($6.2K)
Amazon.com Inc. (USA) – $107K Infosys Limited (India) – INR 400K ($5.5K)
Cisco Systems Inc. (USA) – $102K Cisco Systems Inc. (India) – INR 1200K ($16.6K)
Source: Payscale, MBACrystalball
How to earn big during placement abroad
Indian students begin their international education like doing a B.Tech engineering abroad with a clear intention of bagging a job with a top salary package and starting their career on a high note. But how to make sure that your placement season is productive, and you get a job that helps you earn big? Let’s look at some of the basic points to remember while trying for placements abroad.
Choose the right course
- Choose a course that is high in demand by the industry. Engineering fields with data science and IT etc. are the hot picks for international jobs with lucrative salaries. This is closely followed by healthcare and biotechnology.
Understand the Job Market
- Different countries will have a different dynamic for job opportunities. Consider unemployment rates, industry trends and skills-in-demand, as they are all directly related to the salary package you will draw. Saturated job markets mean tougher competition and in-turn lower salary packages.
Learn the native language – Be multilingual
- Countries like Germany run free programs for foreign students to learn the German language. It substantially increases their likability for landing a job with a better salary package. It is worthwhile to learn the language of the country where you aim to work and increase your employability.
Tap your network beyond LinkedIn
Study abroad students must network with their global alma matter to get access to the best job opportunities. Your peers and alumni can also help you in getting internship opportunities and connecting and mentoring you with research projects to further strengthen your job hunt.
A unique launch pad for studying abroad
ICAS is a unique course that allows students to explore opportunities for studying abroad in countries like the U.S., UK, Australia, Germany, and Canada, etc., while preparing for it for two years in India.
Under the program, students can complete the first two years of study at Manipal, India. The following two years can be pursued at a premium university in the country of their choice. If you are planning to pursue engineering in any foreign countries, then ICAS would definitely be one of the best options to choose for.