According to a survey conducted by fintech platform Prodigy Finance, approximately 67% of Indian students prefer attending US higher education institutions (HEIs) for their further studies. About 8% of respondents chose the UK and France for pursuing their master’s degree overseas, as reported on the State of Higher Education in Study Abroad Market.
Most of the students who pursued studies abroad were male with 70% while only 30% were female. For the geographical distribution of the students in India, 20% are from Maharashtra, 15% from Karnataka, 12% from Delhi, and 8% from Telangana. Preferred universities of Indian students are Northeastern University, the University of Texas at Arlington, and Stevens Institute of Technology, specifically for engineering. For MBA programs, however, most prefer to obtain their degrees at Georgetown University, the University of Toronto, and the University of Rochester.
Mayank Sharma, Country Head in India of Prodigy Finance, said that when international borders slowly reopen this 2021 with the continued rollout of the COVID-19 vaccination, there will be a 30-35% growth in student applications compared to the previous year. The company has partnered with six additional international colleges offering different college and postgraduate courses for Indian students.
At present, Prodigy Finance has funded 20,000 international students and continues to help out over 20,000 Indian students in three years.
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