Australia, the land down under. The nation, famous for its Great Barrier Reef and Sydney Opera House, is also becoming a renowned destination for overseas higher education. International students prefer Australia for their higher education studies compared to other popular destinations, such as the USA.
In 2024, Australia saw an unprecedented number of international students, totaling 608,262, surpassing the former record of 568,753 set in 2023. This marks a substantial 70% increase since the end of the pandemic.
In this post, let’s compare and contrast the major factors that make Australia an international student magnet.
Globally proclaimed Institutions
Australia is not only famous for Wallaby Bay, Sydney, but it is also home to globally esteemed universities such as the University of Melbourne, the Australian National University, and the University of Sydney. These institutions offer a practical, industry-oriented educational approach, with many courses incorporating internships or work experience.
Cost of Education
United States :
When it comes to studying abroad, renowned destinations like the USA can break your bank. In the USA, the average tuition fee can vary depending on whether the university is public or private. It can be approximately between $20,000 and $60,000, which is ₹ 16.6 L – ₹ 50 L in INR.
Australia :
In Australia, tuition for a General Master’s degree costs around $ 24,000-$ 40,000 AUD, which is an approximate estimate of $ 12 lakhs to $ 21 Lakhs. When it comes to an MBA can be a comparatively affordable option.
Cost of Living
The cost of living includes housing, food and groceries, transportation, health insurance, and miscellaneous expenses such as phone and internet.
United States:
In the USA, the annual living cost is approximately $13,000 to $22,000, which translates to ₹10 lakh to ₹16.6 lakh INR per year. In bustling cities like New York, Boston, and Los Angeles, it can be even higher.
Australia :
In Australia, living costs range between AUD 13,600 and AUD 23,400, equivalent to ₹7.6 lakh to ₹13.1 lakh INR. Cities like Sydney and Melbourne are among the priciest, while cities like Adelaide and Brisbane offer more economical choices.
Visa Process
United States :
International students require an F-1 visa to study in the United States. They must have an acceptance letter (I-20), proof of financial support, and attend a consulate interview. This visa allows limited on-campus work.
After graduation, students can apply for Optional Practical Training (OPT) for up to 12 months or 36 months for STEM graduates. Long-term jobs typically require H-1B sponsorship, which is a competitive process involving a lottery.
Australia:
International students need to apply for a Subclass 500 Student Visa, which is a straightforward process that permits up to 48 hours of work every two weeks during the term.
Graduates can apply for a Post-Study Work Visa (Subclass 485), enabling them to stay and work in Australia for 2 to 4 years. It can differ based on the cities. Sydney and Melbourne offer a 3-year stay back, whereas Perth and Adelaide offer a 4-year stay back.
Career Opportunity
United States:
The U.S. job market is vast and diverse, particularly thriving in sectors such as technology, business, and research. However, international graduates need to obtain employer sponsorship for H-1B visas, which are subject to annual quotas and a random selection process, commonly referred to as a lottery system.
Australia:
Australia’s strong economy, low inflation rate, and minimum unemployment rate promise strong job opportunities post-masters. Australia offers a diverse range of domains, including Business and Finance, Construction, Education, Healthcare, Hospitality, Engineering, and IT.
The post-study work visa provides a crucial opportunity to gain local experience, which can support permanent residency applications.
The Land & The People
Nearly half (49%) of all Australians are either immigrants themselves or have one or both parents who were born abroad. While English is primarily spoken, the country boasts over 300 distinct languages. This diverse mix of individuals and cultures makes for a remarkable destination that is both welcoming and accepting.
As you walk through the streets, you’ll find an abundance of shops and eateries representing various cultures. The presence and celebration of global cultures are what sets Australia apart from any other nation.
Final Thoughts,
Australia delivers exceptional education systems, vibrant multicultural environments, and strong career opportunities. Compared to other countries, Australia offers a more efficient visa process, often lower tuition fees, and advantageous post-graduation pathways, making it an appealing option for international students who prioritize affordability, long-term opportunities, and financial considerations. If it checks your boxes, ultimately, Australia can be the right choice of destination for your study abroad dream.
