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CEO & Founder at Conva
Well it depends on the country you are looking to apply for. I mean it can seriously be a marginal gap, even by INR 10 lakh yearly. If you look at the top choices, it surely is a considerable amount. But the salaries of a MS graduate from these countries are well enough to cover up all investment.
In particular, different countries have different costs of doing MS. But the cost can be as big as double the average cost. Take the USA for example. The average cost of MS in USA is $40,000 that is around INR 30 lakhs. But if you look at to choices, the tuition for a year alone can reach around $80,000 (INR 60 lakh approx). Know beforehand what school or university you want to apply to, otherwise it may come as a shock later.
For Canada and UK, both of their average cost of MS lies around INR 25 lakhs. To be more precise, for Canada it is $45,000 CAD and for the UK it is £25,000. Again, a common MS program may cost higher than this. And depending on your choice of institute, it can greatly differentiate. With of course more prestigious universities requiring more, but not always. There are particular schools that master one of their MS programs. And generally the tuition for that particular MS goes way up.
For other choices, you have Australia. And it will cost around $30,000 AUD in Australia for an MS course. This lies within INR 16 lakhs around. Australia is basically a cheaper option. But it does not lacks behind, many Australian universities are ranked in top #100 universities worldwide. Other European countries are almost on the same level as the UK but a little cheaper.
If you want some suggestions, I would recommend Canada if you have a bigger budget. And for a medium budget, countries like France, Spain, Scandinavian countries are a good option. Let me know if you want to know about a specific country
The total cost of doing your MS abroad encompasses more than just tuition fees. It’s essential to consider both direct educational costs and living expenses. Tuition can vary dramatically depending on the destination and institution—ranging from about $10,000 per year in some European countries to over $50,000 in top-tier universities in the USA or UK.
Moreover, living expenses can significantly affect your budget. Factors such as accommodation (on-campus or off-campus), food, local transportation, and leisure activities need to be considered. Typically, countries in Western Europe and North America have higher living costs compared to Eastern Europe or Asia.
Additionally, there are other expenses to prepare for, including visa application fees, travel costs for relocation, possibly a return trip, health insurance, and initial personal expenditures upon arrival. It is beneficial to look for scholarships, grants, or part-time work opportunities to help manage these costs.
Overall, prospective students should prepare for a budget that might range anywhere from $20,000 to $70,000 annually, depending on their choices and circumstances. It’s advisable to contact the university’s financial aid office or a study abroad consultant to get a tailored cost breakdown.
Sr. Consultant
The cost of doing an MS abroad depends on several factors, such as the country, university, and lifestyle choices.
Tuition fees generally range between $20,000 to $50,000 annually, with the US averaging around $30,000. In contrast, countries like Germany offer public universities with little to no tuition fees, but living costs still need to be considered.
Living expenses are usually between $10,000 to $20,000 a year, depending on the country and city. For instance, living in London or Sydney will likely be higher than in cities like Berlin or Montreal.
Besides tuition and living costs, other expenses include travel, visa fees, and materials. It’s essential to factor in these costs to avoid surprises. Many universities and governments offer scholarships and financial aid, which can greatly reduce your total expenses.
In total, expect to spend anywhere between $40,000 to $70,000 for a full MS program abroad. Proper planning is key to managing your budget.
Student of IIT, Delhi
The overall cost of pursuing an MS abroad varies depending on the country, university, and lifestyle. On average, tuition fees range from $20,000 to $50,000 per year.
For example, studying in the US can cost around $30,000 per year, while in Germany, public universities might offer free tuition, though you'll still need to cover living expenses.
Living costs can range from $10,000 to $20,000 annually depending on the country and city. In countries like Canada or Australia, expect to spend about $15,000 to $25,000 per year, including housing, food, transportation, and health insurance.
Remember to budget for hidden costs like visa fees, travel, and study materials. Scholarships can ease the financial burden, so it's worth exploring these options early.
The total cost will likely range from $40,000 to $70,000 for a two-year MS program. Research well to make an informed choice based on your budget and preferences.
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