The average person from Europe is more than twice as likely to be employed abroad than those from the United States and the UK, according to research conducted by UCCI study abroad and a leading employer agency.
The study, entitled “The Rise of the Study Abroad: What is it and how do you get a foot in the door?”, revealed that the average student from Europe in the second half of the 20th century had a net earnings of €17,000 (US$19,700), compared to €3,800 (US $4,600) for the average American student in the same period.
The average student also earns an average of €2,500 more per year than those in the US and the same for UK students, while the gap is only wider when looking at the age bracket of students.
“The study abroad market is becoming increasingly important in the economic landscape as universities and colleges across Europe are increasingly attracting international students.
It is not only important for those studying abroad to have a good experience in a fast paced environment, but also to find jobs for their skills,” said the study’s lead author, Dr Maria R. Alsop, of the UCCE-UNAM.”
There is a growing recognition that many students will return home and find jobs after they have completed their studies, which can provide a gateway into the wider economy.”
Rights and protectionsUnder the Dublin Agreement, students can return to Ireland for up to six years from the start of their studies.
However, a recent survey by the Universities and Colleges Authority found that only 2 per cent of Irish students had taken advantage of the scheme.
Rights, including protection against discrimination and a right to work, were enshrined in the agreement.
The UCC is not alone in its efforts to promote the study abroad model.
In February, the Irish government announced it was investing an additional €3 million in a new study abroad hub at the University of Limerick to ensure the country has a permanent presence.