Should You Go Abroad for Higher Studies?

1,966 views • Jun 21, 2023

Concepts in this episode

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  1. Incentive Alignment mechanism

    Actors work hardest on the failures they are made to bear. Move the financial or legal cost of harm onto the actor able to prevent it, and effort can shift from avoiding blame to improving the outcome.

  2. Selection Effects mental-model

    Strong outcomes do not by themselves prove institutional effectiveness. When an institution admits exceptional people, its graduates may succeed largely because of who entered, not because of what happened inside.

  3. Fish in Water mental-model

    Your culture’s assumptions become visible through contrast. Experiencing another system lets you identify the strengths and flaws of your own, then choose between practices instead of inheriting either culture whole.

  4. Social Capital mental-model

    Relationships are career capital: being known and trusted can create access and influence that skill, credentials, and formal authority cannot generate alone.

  5. Optionality principle

    When your future preferences and the market are both unstable, favor choices that preserve several strong next moves over choices optimized for one forecast. A stronger platform can be more valuable than today’s fashionable specialization.

  6. Cost-Benefit Analysis mental-model

    A choice can be worthwhile on one axis and wasteful on another. Judge educational quality, financial return, security, risk, and optionality separately, then compare each gain with what you surrender to obtain it.

  7. Downside Risk mental-model

    Expected return is not enough: a plan can be a poor bet when its failure would leave you with a large burden and the variables that trigger failure sit outside your control.

Description

Why studying abroad is good for you? If you're an Indian student, confused to choose whether to stay in India for higher studies or go abroad, stop right here. This video has comprehensive and nuanced information on whether you should stay in India after 12 or undergraduate or you should go abroad, to countries like The US, UK, Canada, Germany and others. Find out what is the best option according to your finances and other options for you. Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us up on Twitter: @ngkabra http://twitter.com/ngkabra @shrikant https://twitter.com/shrikant Listen it on the podcast provider of your choice: https://tapthe.link/FutureIQRSS Watch other episodes of The FutureIQ podcast: https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v Watch the video about Engineering colleges in India: https://youtu.be/kUgFekrvHrg Chapters: 00:00 Introduction 00:57 Is it worth it? 01:48 Quality of education 03:48 Budgets 05:45 Culture 06:44 Resume value 07:51 Finances 10:18 After 12th or graduation 11:27 IITs 12:32 Visa 14:10 If you can't afford 15:12 Consultants #futureiq #studyabroad

Transcript

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