Fall in sterling boosts UK foreign student numbers

The recent fall in the value of sterling has resulted in record numbers of foreign students coming to study and work in the UK.

It seems Brexit has done little to dampen demand from students to come to the UK, new data suggest. At London Business School applications are up 15% year-on-year. At Imperial College Business School applications to all courses are up, some of them by more than 50%. Nottingham Business School notes a 25% increase in interest from international students. Overall, two-thirds of MBA programs in the UK grew their number of applications from international applicants last year, according to the Graduate Management Admission Council (GMAC).

One plausible explanation is the fall in the value of the pound since the UK’s EU referendum, making it cheaper to study courses priced in sterling, has made UK schools more attractive. “A fall in the pound has made the UK an even more enticing option compared with alternative study destinations. International students can obtain an degree for a much lower price than before, especially when compared with US peer institutions.”

This rather rosy picture runs contrary to another narrative: that Brexit has made the UK less attractive to overseas students. A recent survey by 1,500 business school students of 85 nationalities by CarringtonCrisp found that 28% of them were less likely to consider studying in the UK following Brexit.

But we have been here before. The UK scrapped a post-study work visa in 2012 which allowed international students to stay in the country for up to two years while they searched for jobs. But applications from overseas candidates have recovered, and are in some cases surging.

The message is clear: THE BREXIT SCARE WILL SOON PASS, and Britain remains open and welcoming to EU students for both study and work experience internships.

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Reference:

http://www.businessbecause.com/news/mba-uk/4876/uk-business-education-is-booming

Posted – 30/10/2017

UK Government strongly wishes to continue to attract international students

The UK government has commissioned a study on the impact of Brexit on international students

The United Kingdom is the second most popular destination in the world for international students. But the decision to leave the European Union is putting at risk billions of euros the country receives from foreign students, who increasingly are choosing to study in the United States and other English-speaking nations.

Aware of the potential loss of revenue, the government has commissioned a study to be completed by next September.

“The Government strongly wishes to continue to attract international students to study in the UK,” Home Secretary Amber Rudd said. “It’s very important we keep up the message that there are open, welcoming communities across the United Kingdom.”

The message is clear: BRITAIN IS OPEN to international students, both for studies and internships.

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References:

https://www.usatoday.com/story/news/world/2017/10/15/after-brexit-foreign-students-flee-uk-universities-u-s-canada-and-australia/699333001/

Posted – 16/10/2017

Forget Brexit!

It’s ‘business as usual’ in Britain

All EU Placement students and Interns are WELCOME!

What’s all this fuss about Brexit?

Nothing is changing for the foreseeable future, and in the meantime Britain remains the best place in Europe to do your international placement or internship.

Here are the facts:

Britain will not start to leave the EU until March 2019

Britain will not officially start to leave the EU until 29th March 2019 at the earliest, and this may be extended if all EU members agree.

Then there will be a transition period until 2022-2024

Britain’s relationship with the EU will look similar to its current one for 3 to 5 years after Brexit, with free movement, access to the single market and an inability to strike trade deals with other countries.

That potentially takes us up to March 2024.

The UK chancellor Philip Hammond confirmed that the UK had agreed to seek a transitional period of about three years, ending before the next election, which is due in 2022.

More recently there has been talk of a 5 year transition period.

He said there was broad consensus in the cabinet that such a period would be necessary to cushion the impact of leaving the EU, and that “many things will look similar” the day after Brexit officially takes place.

Britain will protect the Erasmus scheme after Brexit

The UK needs foreign students. Foreign students enhance our economy and bring revenue to our universities, which funds research and allows them to top the international league tables.

“We do really want there to be prioritisation on the Erasmus Plus because it is important – it has a direct impact on the students and the economy”.

The Erasmus Plus programme allows students to study in one of 33 European countries for free for up to one year, with EU funds covering costs.

And even if the UK does leave Erasmus it is extremely likely that an alternative will be set up quickly, as was the case with Switzerland when they set up their successful SEMP scheme in 2014.

Students who train abroad are twice as likely to find employment

According to the European commission’s Erasmus impact study in 2014, young people who study or train abroad are twice as likely to find employment quickly. The study of 80,000 students showed that the unemployment rates among Erasmus students was 23% lower after five years than for students who did not study abroad.

Graduates with international experience fare much better on the job market

The message is clear: if you study or train abroad, you increase your job prospects.

An Erasmus Impact Study confirmed that EU student exchange scheme boost employability and job mobility. Young people who study or train abroad not only gain knowledge in specific disciplines, but also strengthen key skills which are highly valued by employers.

A new study on the impact of the European Union’s Erasmus student exchange programme shows that graduates with international experience fare much better on the job market.

They are half as likely to experience long-term unemployment compared with those who have not studied or trained abroad and, five years after graduation, their unemployment rate is 23% lower. The study, compiled by independent experts, is the largest of its kind and received feedback from nearly 80 000 respondents including students and businesses.

English is the universal language

English is without a doubt the world’s universal language. It is the world’s second largest native language, the official language in 70 countries, and English-speaking countries are responsible for about 40% of total global GNP.

English can be understood almost everywhere, as it is the world’s media language, and the language of cinema, TV, pop music and the computer world. All over the planet people know English words, their pronunciation and meaning.

Britain’s economy is booming

The UK remains fastest growing economy in western world, and is growing at the second fastest rate among the G7 economies. Growth in the sixth months following the EU referendum was significantly stronger than many had feared, when some predicted a Brexit vote would result in recession.

Britain’s job market is crying out for graduates

The employment rate of recent graduates in the UK is 85%, which is well above the benchmark target set by the ET 2020, and higher than most other major EU countries including France, Spain, Italy, and Ireland.

So, get applying for internships in the UK. Nothing is going to happen until long after you have finished, if ever!

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References:
https://www.theguardian.com/politics/2017/jul/28/philip-hammond-confirms-uk-will-seek-brexit-transitional-deal
http://www.bbc.co.uk/news/uk-politics-32810887
http://europa.eu/rapid/press-release_IP-14-1025_en.htm?locale=en
https://www.theguardian.com/education/2016/sep/13/government-urged-to-protect-eu-student-exchange-scheme
http://www.omniglot.com/language/articles/engunilang.php
http://ec.europa.eu/eurostat/statistics-explained/index.php/Employment_rates_of_recent_graduates
https://ig.ft.com/sites/numbers/economies/uk
https://www.standard.co.uk/comment/comment/evening-standard-comment-britain-must-welcome-international-students-a3620031.html

Posted – 8/9/2017