Studying Abroad
There are many options when you decide to embark on studying
for your future. Most students decide to study locally whilst others choose to
study abroad. Harvard, Cambridge or MIT are a few great universities with
excellent reputations where students could acquire their education. There are
many students in the same field studying and eventually competing in the
workplace for positions. It will be to their advantage should they acquire an
education from a prestigious university. Profgrad will explore a few of these
options with regard to cost and value.
Universities from around the world have rankings. It is
interesting to know that most of the highest ranking universities are based in
the United States of America according to Timeshighereducation.co.uk. There are
many factors which determine a point score. The higher the point score amongst
the universities, the higher its ranking would be. Teaching {30%}, Research
{30%} and Citations {30%} make up 90% of that score. Industry/Innovation and
the universities international outlook make up the rest of the score. The
University of Cape Town in South Africa is ranked the highest university in the
country. According to these rankings, UCT is number 126 in the world. Do you
agree that UCT has a better ranking than UKZN or WITS?
Attending universities in a different country could be
expensive. Unfortunately, the Rand’s value has depreciated recently against the
dollar. This means that if the fees for a university was $10 000 per annum
and the rand was R9.93 {01/07/2013} to the dollar, university fees for the year
would have been R99 300.00. Unfortunately, the South African currency has
been under pressure recently and as it stands, the rand is trading at R10.63
{29/06/2014} to the dollar. This means that just by movement is the currency,
it could make studying abroad much more expensive. A year ago, without taking
the increase in university costs abroad into account, just the movement in the
currency, the same course would cost you R106 300.00, that is an increase
of R7 000.00. With all that in mind, the cost approximately for studying
at Harvard, based on the website link below, could run into hundreds of
thousands of Rand’s. If you had the
money, would you study across South Africa’s borders?
Which international university would you attend?
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