Parents and students should together discuss on the investment for higher education. Acquiring a Master’s degree is an important investment. If a student gets a better package than the amount invested, it is a positive ROI and if the opposite it will turn out to be a negative ROI. Selecting the right higher education is definitely important but more important is to calculate the ROI.
When it comes to selection of college, one must be careful by comparing the tuition fee of the college with the average package that a student gets. There are certain factors which should be kept in mind while selecting a right college and a right program in terms of ROI which are: Reputation of the college, Legacy of the college, Placement record of the college, Average package that the student is promised, Educational reforms and Innovative initiatives by the college.
Many Indian students prefer abroad for higher education but do they check the ROI before opting for a foreign degree?
To calculate the ROI for higher education these are the crucial factors which are: The fee you will pay, Potential debt, Duration of course, Earning capacity and Missed income.
The reason to opt for ROI based higher education is that it offers Lesser debt and Lower risk.
After such planning only you can have a best salary, job stability and professional growth. So wish you all the best!