Regardless of economic climate, the EU-zone still has some of the best business schools in the world and as the government talks in Greece drag on, we take a look at what lies ahead for people wanting to study in Europe during a financial meltdown.
The biggest effect the financial crisis has had on studying in Europe is the cost of living. With an increasingly weak Euro, the cost of studying in Europe is dropping almost every day and with Greece going back to the polls, it doesn’t show any signs of picking up soon. The pound, for example, is the highest it’s been in almost two years now against the Euro, this means if you’re changing BDT (Bangladeshi Taka) to EUR, you’ll get a lot more money, for your money! It’s not just the Euro that has suffered though, the Hungarian forint has dropped along with the Turkish lira making both of these countries cheap destinations at the moment.
Of course you shouldn’t select your study destination based solely on cost of living and there are a few things to think about before studying in Europe during these times of financial uncertainty. Jobs aren’t easy to come by, and the few that are available will be under fierce competition. With this in mind, it’s important to have your funds in check before setting off for your study destination. Greece has also seen a certain amount of civil unrest, and whilst students studying in these destinations shouldn’t ever be affected, it could bring some emotional distress, for students and parents alike.
Europe has some of the best universities in the world, which provide excellent learning opportunities for many. From large research driven institutions, to smaller independent colleges that specialise in interesting subjects, there will be a European degree to suit your needs.
Studying in Europe during this reinvention of the Eurozone could prove to be a great opportunity for many and not waiting for the fiscal markets to regain confidence in Europe shouldn’t be seen as a gamble. As with any prospective destination, you should think carefully about studying in Europe and always make sure you know all the details before applying.
Read more about studying in Europe.
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