88% Indians Keen to Send Children
Abroad for Higher Studies:
HSBC Survey..!
In comparison, Australia finds itself at the bottom,
where 52% parents are willing to send children abroad for post-graduate
studies. For Canada and the United States, the figure reads 53% and 59%,
respectively.
Parents are increasingly willing to spend more for kids'
education overseas as 88% of them want to send their children abroad for
post-graduate studies, said an HSBC survey.
According to the global financial services company, India
has the world's highest proportion of parents (88%) who are willing to send
their children abroad for higher studies, ahead of Turkey (83%), Malaysia and
China (82% each).
In comparison, Australia finds itself at the bottom,
where 52% parents are willing to send children abroad for post-graduate
studies.
For Canada and the United States, the figure reads 53%
and 59%, respectively.
The report singled out higher costs as one of the key
barriers for Indian parents when it comes to sending children overseas for
education. But they are still willing to go that extra mile.
About 93% Indian
parents, who are open to the idea of an international university education,
would consider paying more for it than they would do here in India.
Mr. S
Ramakrishnan, HSBC India Head, Retail Banking and Wealth Management said,
"Parents should start planning and saving smartly for their children's
education in order to ensure that the ambitions they have for them are
fulfilled"
As per the survey, information technology is the most
preferred sector for Indians. The proportion of parents willing to get their
children into the IT sector is highest in India (18%), followed by 11% each in
the UAE and Indonesia.
Parents from the UAE (33%) and Indonesia (31%) are more
likely to get their children into medicine while 14% of Indian parents want
their children to make a career either in medicine or engineering, HSBC said.
The 'Value of Education Learning for life' survey has a
sample size of 5,550 parents from across 16 countries and territories with a
minimum of 300 parents representing each country.
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