There’s a reason why lakhs of Indian students apply to study abroad!It has numerous benefits. Some are financial rewards, others are quite intrinsic. For the starters, it is no secret that graduates with foreign degrees enjoy a much better career prospect with a relatively higher salary. In fact, as their career progresses, they enjoy 35-40 percent higher salary and faster promotions vs. Indian graduates. For example, the average annual placement package of IIM Bangalore is INR 24.45 lakh. On the other hand, the median base salary of MIT Sloan’s MBA…

There was a time when the dream to study abroad was reserved for only the wealthy and those in upper echelons. Overseas education was expensive.In the past decade, however, things have changed seemingly. Not that studying abroad has become cheaper. But it sure is well within the reach of upper-middle-class families now. This reflects well in the numbers. A report released by the Indian Ministry of External Affairs revealed 5.53 lakh Indian students were studying abroad in 86 different countries in 2019. In 2000, this number was just around 66.7…