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Seven years to get my tuition back! Study abroad in Australia: input-output ratio

 
[Education News]     13 Jan 2019
"the ideal is very plump, the reality is very solid."Although from time to time, articles like "spending 2 million to study abroad to get 2000 basic salaries" and "returnee couples returning home: how difficult it is to survive in China" are circulating online, there are still tens of thousands of people every day. From all over the world came to Australia to study.

"the ideal is very plump, the reality is very solid."

Although from time to time, articles like "spending 2 million to study abroad to get 2000 basic salaries" and "returnee couples returning home: how difficult it is to survive in China" are circulating online, there are still tens of thousands of people every day. From all over the world came to Australia to study.

Among them, the Chinese students account for a very large part.

In 2018, about 6.59 million of overseas students enrolled in Australia, while Chinese students accounted for 2.02 million, or nearly 1/3, in 2018, according to the Australian Ministry of Education.

Since 2013, the number of Chinese students in Australia has accelerated year by year.

Seven years to get my tuition back! Study abroad in Australia: input-output ratio

In Australia, high college tuition and a wide variety of living expenses have become the burden on the parents of these overseas students who look forward to becoming a child and a girl to become a Phoenix. According to official estimates from the Australian Bureau of Statistics, overseas students contributed about A $31 billion to Australia`s economic in 2017!

Everyone often says, "Education is an investment in the future." So what is the return on this extraordinarily expensive "cost of education investment"?

Seven years to get my tuition back! Study abroad in Australia: input-output ratio


(1) the cost of studying abroad starts at the bottom: how much does it cost each month

Foreign students may often experience this:

Since coming to Australia, the money in my pocket never seems to be enough.

Australia`s government, of course, knows something about this. Otherwise, it would not have asked the applicant for a home bank deposit certificate before coming to Australia to apply for a student visa.

Since January 2016, every international student has to issue a bank certificate to show that he or her family can afford to spend more than $20,000 a year in Australia.

But is it only 20,000?

In 2018, the cost per undergraduate student studying in Australia alone was as high as A $30840 a year, compared with A $31569 per year for graduate students, according to StudyMove.

Among them, the tuition fees for master students ranged from A $20000 to A $37000, while those for PhD students ranged from A $14000 to A $37000. This does not include extra expensive medical majors.

Take, for example, the Australian National University (ANU), whose PhD in medical surgery costs as much as A $80000.

As overseas students, tuition fees have to be paid up before each registration course. Unlike local students in Australia, who often have student loans, they can be paid back slowly when they work in the year of the Monkey.

Seven years to get my tuition back! Study abroad in Australia: input-output ratio

In addition to the tuition fees that students have to hand over to the school, there are nearly A $300 a year of student management service fees (SSAF), students who drive to school have to pay parking fees …

What about living expenses?

Australia`s official research guide recommends that rents ranging from A $85 to A $440 per week should be removed depending on the type of house in the region.

Other weekly living expenses include:

  • Groceries and out-of-town dinners A $80-280
  • Gas, electricity 35-140 Australian dollars
  • Telephone and Internet A $20-55
  • Public transport 15-55 Australian dollars
  • Car (after purchase) 150 ~ 260 Australian dollars
  • Entertainment, social activities, 80-150 Australian dollars

In all, the cost of living in Australia is roughly A $500 for the slum Boys and Girls, and A $1300 for the Gaofushuai and Bai Fuli versions.

Seven years to get my tuition back! Study abroad in Australia: input-output ratio


How many years do you graduate to work before you can go back to home?

According to the 2018 Australian University graduates report, 71.8 percent of undergraduates were able to find a full-time job four months after graduation, with an average salary of 60,000 Australian dollars a year.

Seven years to get my tuition back! Study abroad in Australia: input-output ratio

What about those who can`t find a job at all?

Statistics from the Australian Bureau of Statistics in May 2017 show that in Australia`s labour market (between the ages of 15 and 74), only 3% of undergraduate graduates cannot find a job at all (both full-time and part-time). And 3.6% of graduate students are also unemployed.

Seven years to get my tuition back! Study abroad in Australia: input-output ratio

The report also points out that the hardest to find full-time jobs are creative arts, media, psychology, tourism services, humanities, science and mathematics, and health services.

What about the income level of other majors?

According to PayScale, some of the most popular professional pay levels among college students are:

  • Bachelor of Arts A $44887-A $119987
  • Bachelor of Business Administration A $47036-A $146324
  • Bachelor of Business A $44724-A $128721
  • Bachelor of Design A $41299-A $82617
  • Bachelor of Science, mechanical engineering A $55174-A $146681
  • MBA A $55990-A $176965
  • Master of Science A $54136-A $144660

Now, let`s do a good job.

Seven years to get my tuition back! Study abroad in Australia: input-output ratio

For example, a highly sought-after business major among Chinese students, with a median salary of A $86723 for full-time workers after graduation (though it sounds a little unthinkable).

Suppose you study in Australia after graduating from high school and spend about A $26000 a year at four years of college (and possibly language classes) (reference fees and relatively cheap Western Sydney University), four-year fees are 26000 * 4 = 104000 Australian dollars).

The four-year cost of living is based on the above data, also taking a median of A $900 a week. A general 52 weeks a year, 4 years is 900 * 52 * 4 = 187000 Australian dollars.

That is, these four years to study in Australia, spent more than two hundred and ninety thousand Australian dollars!

Suppose you found a full-time job in Australia four months after you graduated from a university in Australia. (although it sounds a little more incredible)

Four months without work, food, sleep or money, a total of about 15,000 Australian dollars.

By this time, your "cost of investing in education" is already as high as A $ three hundred and five thousand!

So if from now on, which bold boss can offer you an annual salary of 86,699 Australian dollars, you will also need 7.64 years to bring the input and output to a level.

The average college graduate after the age of 22 years old, that is, you have to graduate to 30 years old or so before you can fill out this account!

This is under the premise that your ability is outstanding, your boss is very generous, and fate is very good for you.


3 the difficult choice after graduation: stay or return home?

"how long have you been in Australia?" and "will you return home after graduation?" the students often ask questions when they meet each other at the beginning of the meeting. "how long have you been in Australia?"

Whether to choose to stay, or go back, has become a problem that foreign students have to face sooner or later.

Seven years to get my tuition back! Study abroad in Australia: input-output ratio

Among them, some chose to stay in Australia, some chose to return to China on their own initiative, and others chose passively to return to China because their visas expired and jobs were difficult to find, so they had to take flights back home.

On Bilibili`s website, some Australian returnee users left a message about their treatment of studying in Australia and returning to work in China:


1. Length of stay in Australia: 2 years

Professional: finance

Length of return: 1 yea

Coordinates: Shanghai

Monthly salary: RMB 12000


2. Length of stay in Australia: 5 years

Master of Business

Coordinates: Guangzhou (foreign party b)

Monthly salary: RMB 7000 before base tax


3. Length of stay in Australia: 5 years

Master of Accounting

Length of return: 1 yea

Coordinates: Beijing

Monthly salary: RMB 10000 before tax


4. Length of stay in Australia: 8 years

Professional: Ph.D., AI (artificial Intelligence)

Length of return: within 1 yea

Monthly salary: RMB nine hundred thousand before tax


"those who choose to stay are often the first to be forgotten." It is not easy for Chinese students to stay in Australia.

Whenever you click on a job information website, your favorite job posting is often marked "as long as Australia`s citizen status or permanent PR status is applied."

Many Chinese students, because of their lack of confidence in their English skills, can only work part-time in Chinese convenience stores, supermarkets and restaurants.

I even knew a woman who was about to graduate with a Ph.D., doing the most basic Admin office administration work.

I once asked her, why do you still want to stay in Australia? Clearly in China, you can find a better match for your education and ability positions. Do you think it`s worth it?

I remember when she smiled and said to me, "at least it`s freer than China. Staying in Australia means that no family and friends will chase me every day to ask questions like this. "


END

This is your first year in Australia? Have you decided to stay or go back?

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