fbpx
Market intelligence for international student recruitment from ICEF
20th Jul 2015

Global parents’ survey: three quarters would consider university abroad

A newly released survey of 5,550 parents in 16 countries around the world finds that most - 77% - would consider sending their child abroad for either undergraduate or postgraduate studies. Learning for Life is the latest instalment in HSBC’s The Value of Education research series. It was published earlier this month by HSBC and is based on a nationally representative survey of parents in each country who have at least one child aged 23 or younger. The survey was conducted online in March and April 2015 by Ipsos MORI (with supplemental in-person interviews in the UAE). the-16-countries-in-hsbcs-research-sample-for-learning-for-life The 16 countries in HSBC’s research sample for Learning for Life. Source: HSBC The 16-country sample features a number of key sending markets for international students, including Brazil, China, India, Indonesia, Mexico, and Turkey. The research team found that a majority of parents in each country would consider study abroad for their children. Nearly two thirds (64%) would consider overseas study for their child’s undergraduate studies, and a greater majority (seven in ten) would consider it for postgraduate study. "Parents in Asian countries are most receptive to the idea of sending their child abroad for undergraduate study," says the report. "Four in five parents in Malaysia (80%) and nearly three-quarters in Hong Kong (74%), Indonesia (74%) and Singapore (74%) would consider the idea. In contrast, only around half of parents in Canada (51%), Australia (52%) and France (53%) would consider it." HSBC highlights a number of countries as potential hotspots for postgraduate demand. Parents in India (88%), Turkey (83%), China (82%), and Malaysia (also 82%), were especially likely to consider postgraduate studies abroad for their children. More broadly, half of all parents responding to the survey believe that their children’s generation has more opportunity for study or travel abroad than did their own generation. Nearly eight in ten (78%) saw the prospect for students becoming more knowledgeable about the world as a key benefit of a university education. And just over half (51%) valued study abroad as a chance for their children to live overseas and experience different cultures.

Most prepared to pay more for university abroad

Just over a third (34%) of parents who would not consider study abroad for their children said that cost was an issue. Interestingly, perceptions of the relative quality of education also figured significantly in parent’s interest in study abroad. "The quality of education available is also a factor in deterring parents from considering an international university education for their children," says the report. "Of parents who would not consider this option, over a quarter (26%) think that their home country offers a superior university education; rising to around half in Singapore (53%), Malaysia (48%), and India (47%)." On a related note, HSBC also found that those inclined toward study abroad for their children are often also open to paying more for university studies overseas than they would expect to pay at home. Four out of five parents interested in study abroad would consider paying more for an overseas university. The following chart reflects variations from country to country in the sample, but also points out that nearly half (45%) would consider paying up to a quarter more (that is, above the costs of a university education in their home country) while just under a quarter (24%) would consider paying up to 50% more for university studies abroad. hsbc-learning-for-life Percentage of parents in the HSBC sample who would consider paying either a quarter more (shown in grey) or up to 50% more (shown in red) for university studies abroad. Source: HSBC

Interesting perspective

Needless to say, the HSBC effort is a high-level survey covering a wide range of developed and emerging economies and, particularly in that context, global findings have to be considered very carefully indeed. However, the overall impact of the HSBC research is to create an evidence-based sense of perspective from the marketplace. Given the key role that parents play in the study abroad planning of many students, that is a highly valuable perspective indeed. The first report in The Value of Education series last year provided similarly interesting insight as to the parents’ view of the relationship between price and perceived quality. Readers are encouraged to review our earlier report on the 2014 research for additional background and summary findings.

Most Recent

  • US signals new scrutiny of student visas amid reports of softening demand from foreign students Read More
  • Taiwan is close to reaching its pre-pandemic benchmark for international enrolment Read More
  • UK ELT reports a decline in student weeks for 2024 Read More

Most Popular

  • Which countries will contribute the most to global student mobility in 2030? Read More
  • Research shows link between study abroad and poverty alleviation  Read More
  • Beyond the Big Four: How demand for study abroad is shifting to destinations in Asia and Europe Read More

Because you found this article interesting

US signals new scrutiny of student visas amid reports of softening demand from foreign students Student surveys conducted earlier this quarter highlight an overall positive disposition among international students towards studying in the...
Read more
Taiwan is close to reaching its pre-pandemic benchmark for international enrolment Taiwan is steadily increasing the number of international students it hosts in its colleges and universities. In 2024,...
Read more
UK ELT reports a decline in student weeks for 2024 English UK, the peak body for English-language teaching (ELT) in the UK, has released full-year data for 2024...
Read more
What is happening with Indian enrolments abroad this year? Just a couple of years ago, Indian students were flocking to a number of attractive study abroad destinations,...
Read more
Full-year data highlights decline in foreign enrolment in UK universities in 2023/24 For the first time in ten years, the total number of students enrolled in UK universities fell in...
Read more
Analysis shows impact of immigration settings on international tuition fees at Australian universities Keri Ramirez, managing director of sector data specialist Studymove, hosted a fascinating webinar recently that looked at the...
Read more
US: Trump administration actions creating an uncertain outlook for international students So far this year, research indicates that international students still have a mainly positive view of study in...
Read more
Germany recovers an 8x return on investment in international students A new analysis from the German Economic Institute (IW), and commissioned by the German Academic Exchange Service (DAAD),...
Read more
What are you looking for?
Quick Links