With more than 50,000 universities and colleges in the country, India is the largest education system in the world. As a traditional powerhouse of education, Indian institutions of higher learning attract aspirants from all over the country. But, as the Indian education ecosystem evolves, the country has become a growing hub for students from all over the world. The affordability of education in India and the substantially high Return On Investment (ROI) is one of the main factors that make studying in the country an attractive prospect.
But before we delve deeper into ROI, it’s important to consider the changing landscape of higher education in India. With the presence of Gen Z and a resurgent rural economy, the higher education sector in the country is seeing growth in a new and diverse aspirant pool. New technologies like AI, and new business ideas including the sharing economy are impacting the workforce. Disruptions like the Covid-19 pandemic have also had a huge impact with education getting more personalized and catered to students’ goals and convenience.
It is crucial to look at the ROI of higher education from the present-day context because it’s not about getting a degree but the institution you get it from, which counts as well. Your university has to keep up with the latest trends and pedagogies to equip you with skills for a future-proof career. Here are some of the important parameters that need to be accounted for when you start looking at the ROI of higher education in India.
- Cost of education, which includes the tuition fees, costs of study materials, living expenses, hostel fees etc.
- If you need to apply for a student loan, then you have to factor in interest rates and terms of repayment too.
- Think about the duration and the nature of the programme, the prospects it has for your future career.
- If you are opting for a Master’s or Doctoral programme, weigh in the loss of income from salary in your professional life.
- Once you have considered the cost, think of the returns, which begin with the reputation of the institution in the industry, its accreditations etc.
- Does the institution have a dedicated placement cell and what is its track record when it comes to internships and annual placements?
- You also have to focus on average CTC during placements at an institution for your domain of choice.
- Then you can pay attention to the long-term career prospects and earning potential in the field you have chosen for yourself.
- The number and quality of recruiters, the strength of the alumni network of an institution are good indicators of returns it can offer.
At DBUU we take immense pride in the success stories of our alumni, who are making their presence felt around the world. At the same time, we attract students from various countries, who choose higher education in India for its global outlook and affordability. Each of our programmes is carefully designed to nurture students’ individual abilities and transform them into leaders in various fields. It’s because we are invested in the future of each of our students, we remain a leading name for the best ROI for higher education in India.
