Top Study Abroad Trends to Lookout for in 2024

Following the disturbances brought about by the pandemic, there is a resurgence in global student mobility, as students are keen to embrace the opportunity to study abroad. As per a report by the British Council & Education Intelligence (an education research group), India will witness the highest annual average growth (+7.5%) in outbound postgraduate mobility in 2024. 

This surge can be attributed to a burgeoning middle class, increasing students' aspirations for success, and a high workplace demand for advanced skills and knowledge. 

As we approach the end of 2023, the transformative trends in overseas education unfolding in this blog will offer valuable insights for students contemplating studying abroad in 2024.

Unleashing Top Study Abroad Trends for 2024

From in-demand courses to evolving student destination preferences, these trends are poised to inspire and guide you as you navigate the dynamic world of study abroad.

Increasing Applications from Tier 2 & 3 Cities

The desire to pursue education abroad was predominantly centered in India’s major metropolitan areas. However, last year, there was an uptick in applicants from tier-2 and 3 cities. In fact, in a survey conducted by upGrad Abroad in 2023 to gauge the aspirations of Indian youth — 80% of respondents hail from tier-2 and tier-3 cities, actively exploring avenues for studying abroad. Moreover, 44% of the upGrad Abroad cohort who were embarking on their study abroad journeys belonged to non-metro cities.

This trend will likely continue in the coming year, considering hybrid study models and many financing options available. 

Also Read: Packing List for Indian Students Going Abroad (2024-25)

Indian Students Eyeing European Countries

Similar to 2023, study abroad aspirants will continue to prefer studying in European countries. They are now exploring beyond traditional study destinations, showing an increasing inclination towards – France, Germany, Finland, Sweden, Denmark, and Ireland. Germany especially stands out for Indian students. As it has a slew of public universities, the country offers low-cost or tuition-free education, requiring students to cover only living expenses.  

Also Read: France Introduces New 5-Year Schengen Visa for Indians

Last year, Australia, Canada, and the United Kingdom (UK) have undergone substantial policy changes that might impact international students' decisions. 

Nevertheless, conventional choices like the UK, the United States (US), and Canada will remain decently appealing to Indian students. 

Also Read: Australia Revises Visa Rules, IELTS Requirement for Int’l Students

Did You Know? 

In 2022–23, the number of Indian students pursuing postgraduate studies in the US reached 165,000 (+63% from the last academic year). This marked a significant milestone, as India surpassed China for the first time in 15 years, establishing itself as the leading source of international graduate students in the US.

Also Read: A Year in Review: 2023 Round-up for Indian Higher Education Aspirants Abroad 

More Students Opting for Education Loans 

According to the University Living report - ‘Beyond Beds and Boundaries: Indian Student Mobility Report 2023’, total student spending is projected to grow and reach as high as US$70 billion by 2025. This highlights the importance of having adequate funds to study abroad. 

In fact, per upGrad Abroad Transnational Education (TNE) Report 2.0, approx. 31.2% of study-abroad aspirants find accumulating the funds required to pursue overseas education difficult. To navigate this challenge, these students look for education loans, and easy financing options from banks and NBFCs (Non-Banking Financial Companies) act as a benison for them.

Also, Indian students can now ease into the curriculum and pursue higher education abroad at a significantly lower cost due to the availability of hybrid overseas learning programs in India. Nevertheless, looking at the past year’s trend, the demand for student loans for studying abroad will witness an upward trajectory only.

Fact: Per the Ministry of Finance, in the fiscal year 2022, Public Sector Banks in the nation disbursed education loans amounting to ₹ 7,576 crore for overseas education. This accounted for nearly 90% of the total education loans in the country.

Also Read: Top Education Loans Providers in India for Studying Abroad

Demand for Management, STEM & Healthcare Disciplines

According to the GMAC Prospective Students Survey 2023 Report, the most popular program is now the one-year MBA rather than the two-year MBA; however, full-time MBAs are still highly sought after. Millennials are more likely than Gen Z candidates to seek out curricula and skills related to management. Also, students are looking for courses rooted in sustainable concepts. This makes Clark University’s MBA in Social Change & Sustainability and MBA in Leading Business Transformation at Haaga-Helia a prudent choice. 

Also Read: MBA from India or Abroad – Top B-Schools & Comparison

The most popular courses that top the list of Indian students are broadly categorized into STEM courses. With the advent of metaverse, blockchain, and other AI-induced technologies (like ChatGPT) and machine learning (ML) is gaining prominence among Indian students. In this context, a destination such as Ireland, which may only have a few universities but still has a recognized reputation as the European hub for global IT firms, can make a difference.

The demand for healthcare workers has increased abroad, especially in Canada and Australia. This, in turn, has resulted in more students being inclined towards health & medicine courses last year. It will likely be the trend in the upcoming year as well. 

Also, global trends show that to stand out in the competitive job market; students prefer to earn a direct industry-related micro-credential course certificate in addition to their regular degree.

Virtual reality (VR) and augmented reality (AR) immersive learning will become essential, providing interactive online learning environments. In addition to these technological developments, a move toward digital and hybrid learning methods will offer flexibility and boost students' well-being by emphasizing mental health.

Increased Support for Mental Health

According to one of the QS surveys, it was found that more than 6 in 10 students consider support for mental health and mental health counseling crucial aspects of a university’s services. 

Universities are prioritizing mental health support services in recognition of the cultural shock students may encounter when studying abroad. Foreign universities ensure students' well-being by providing resources, workshops, and counseling to handle the stress of adjusting to a new academic environment and culture. 

This trend will expand in 2024 as well. Indian students can expect to witness foreign universities' support to ensure holistic well-being.

Also Read: Tips to Look After Your Mental Health While Studying Abroad

Alumni Networks & Mentorship Programs 

There is a growing recognition of the importance of mentorship programs and alumni networks in supporting international students. These networks are essential for students' networking and professional development and for assisting them in adjusting to a new learning environment.
Also Read: Connect with Study Abroad Alumni

Growing Number of Women Enrollment 

Before 2020, only 21% of applicants were female students; today, that number stands at 49%. Several nations and academic institutions have adopted measures and programs to promote and support female students pursuing overseas education. Initiatives such as scholarships, grants, and specialized programs designed to empower women in education play a crucial role in fostering a rise in female applicants. Moreover, according to the OECD Statistics, the number of female graduates has outnumbered men in Health & Welfare and Education. 

Looking at the significant growth of women's participation, 2024 also looks promising for female study-abroad aspirants who desire to break the glass ceiling.

Also Read: Inspirational Women from India Who Studied Abroad

Changing Preference of Student Accommodation 

A growing number of study-abroad aspirants are leading to a surge in student accommodation. In fact, the UK and Canada are currently facing a dire shortage of purpose-built student accommodation (PBSA), and this trend is expected to continue into the next academic year. In a nutshell, the demand for student housing has significantly surpassed the available supply, contributing to the skyrocketing cost of student housing. 

Considering this, students have started looking for better on-campus housing options or shared apartments more than ever. Moreover, students are now inclined towards an accommodation with eco-friendly features, such as energy-efficient appliances, green spaces, and more.

Know About: Safest Student Accommodation Options Abroad 

Study Abroad Trends: Unlocking Overseas Education Domain 

In the ever-evolving realm of international education, the pursuit of knowledge transcends borders, and 2024 promises to be a pivotal chapter in this global narrative. The enlisted dynamic trends continue to shape the 'course of education', weaving an incredible story within the larger picture of higher education. 

Also Read: Tips to Get Job Abroad in 2024