How studying abroad is likely to shape up in 2023

In the current year, the resurgence of studying abroad has taken place, with numerous students obtaining visas and realizing their aspirations in their chosen countries. As we anticipate trends for 2023, the lingering effects of COVID-19, especially in China, and the ripple effects of the war in Europe leading to inflation across popular study destinations remain apparent. Additionally, the looming recession in many developed economies, coupled with significant job cuts by major tech companies, is anticipated to impact the landscape of studying abroad.

The demand for international education continues to grow, initially fueled by pent-up demand resulting from the pandemic’s disruptions, but now driven more by increasing aspirations and improved affordability. According to the Ministry of External Affairs (MEA), as of 2022, over 13 lakh Indian students are pursuing studies abroad, with the largest contingent (4.65 lakh) opting for higher education in America.

Considering the renewed interest in studying abroad, here are some predictions for the upcoming year:

1. **Hybrid Study Model:**
The hybrid learning model is likely here to stay, with students expressing a continued interest in its benefits. The blend of online and on-campus learning not only proves cost-effective but also promotes equitable, sustainable, and democratized higher education. Collaborative initiatives, such as the Memorandum of Understanding between India and the United Kingdom for mutual academic qualification recognition, exemplify the acceptance of hybrid models globally.

2. **Shift Towards Offbeat Study Destinations:**
While Canada and the UK were popular choices in 2022, economic uncertainties and high study visa rejections may shift preferences. Emerging alternatives include offbeat destinations in Europe (Germany, France, Poland, Belarus, Slovakia) and East Asia (Japan, South Korea), as students seek diverse opportunities and favorable conditions for career growth.

3. **Demand for Tech and STEM Courses:**
Despite reports of job cuts, there continues to be a growing demand for courses in science, technology, engineering, and math (STEM). The potential impact of these courses on the world, coupled with flexible curricula offering opportunities for program integration and the creation of new courses, contribute to the sustained interest. A World Economic Forum report anticipates 97 million new roles for STEM and tech graduates by 2025.

4. **Increase in Undergraduate Students Studying Abroad:**
Rising income levels, increased awareness about international education, easy access to financial aid, and attractive stay-back options are propelling a significant number of undergraduates to pursue education abroad. Multicultural exposure and early employment opportunities further contribute to the appeal of international universities for bachelor’s aspirants.

5. **Standardized Tests Regaining Importance:**
The uncertainties of the past two years led to waivers on standardized tests, but the upcoming year is expected to witness a resurgence of these exams as a crucial component of candidate evaluation in the traditional admission process.

In an era of ongoing uncertainty, 2023 beckons for informed choices and proactive steps in the realm of international education. Embracing the changing educational landscape and evolving with it becomes imperative for those venturing into the significant leap of international education.