Canada or UK, Where to Study?
Pursuing further study at a prominent overseas university is not only a thrilling reality test that may significantly change one’s life but also enables one with a fantastic job opportunity. It comprises gaining a foreign degree as well as learning about various cultures.
Many students prepare for IELTS by going to an IELTS Coaching centre. However, selecting whether or not to pursue this career path may be challenging for both students and parents. Top IELTS Training coachings can prepare you for the test but cannot solve your concerns. So here we are, as the best IELTS coaching centre in Kochi, with a complete comparison of the top two countries where students prefer to pursue study abroad. We have compared five essential factors:
- Currency exchange Rate Canada vs UK
- Student Visa Rejection Rate Canada vs UK
- Unemployment Rate Canada vs UK
- GDP Comparison Canada vs UK
- Cost of Living Canada vs UK
Currency Exchange Rate
Although the United Kingdom has a higher expense for living, it is now the most desired destination for Malayali students. The most prominent reason for this trend is the UK’s high currency conversion rate of 103 INR. For this, it is important to know the modus operandi of Malayalees. Since the1960’s, Malayalees have been moving out of the country and securing lucrative jobs for themselves in the Middle East region (Gulf), they work there until their ripe age and then come back to their homeland(Kerala); build a few mansions, buy a few luxury cars and live a lavish life, and possibly, establish a new business as well. Most Malayalee students and professionals seek to work in a foreign land for about 10 to 20 years and then return to their motherland. Today this trend has slightly changed, instead of going to the Gulf, most Malayalees are moving to the United Kingdom. It seems the UK and other European countries have found favour among them. As mentioned earlier, this is because UK’s conversion rate is almost double the Canadian dollar, which is just around 58 INR.
Student Visa Rejection Rates Canada vs UK :
Let’s look at some data. The two images indicate the Visa rejection rates for students applying for a Canadian Student Visa and UK Student Visa.
to 2019 (through May). Source: stoodnt.com, IRCC, Polestar, icef.com, google search
The images above don’t lie. It is quite evident that rejection rates for Canada are much higher than in the United Kingdom. The data above is from 2019, but things have not changed since. As such, what you need to understand is that it is much easier to get into the United Kingdom than Canada.
Unemployment Rate Canada vs UK
As seen above, in the year 2019 the unemployment rate in UK was at 3.8% and Canada was at 5.8%. Again due to covid, the numbers spiked in 2020, but let us not consider that dreaful year; lets take it as an exception. Even then, the graph indicates that since 1990, unemployment rates have been higher in Canada than the UK. As of Nov 2021, unemployment rate for Canada was 6.1%, while for UK it was 4.1%.
GDP comparison:
GDP is one parameter that determines the total value of products and services produced and consumed by any country. Because they are both industrialized nations and each other’s main trade partners, the economies of Canada and the United Kingdom are comparable. Nonetheless, key distinctions in population composition, location, government policies, and productivity, on the other hand, result in distinct economies. According to the data from World Bank, in the year 2020, the Gross Domestic Product for UK stands at 2.71 lakh crores USD, but at the same time Canada was merely at 1.64 lakh crores USD. Interestingly, even India scored a higher figure than Canada. Again, the data leans more towards UK.
The cost of living:
Tuition costs in the United Kingdom are often regarded as among the costliest in the world for international students. The tuition for a master’s degree ranges from 18,000 to 35,000 GBP based on the institution and the subjects provided by the university. This equates to between 17,00,000 and 33,00,000 INR (at-current rates). Canada is well-known for having cheaper tuition fees than other top-ranked international education locations. The tuition for a master’s program ranges from 16,000 to 30,000 CAD (9,28,000 to 17,40,000 INR, at current rates) based on the institution and the course provided by the university.
However, living expenses for CANADA are at:
- Family of four estimated monthly costs are 4,065.42C$ without rent. (approximately 2,40,000 INR)
- A single person estimated monthly costs are 1,134.30C$ without rent. (approximately 70,000 INR)
For the UK, it is
- Family of four estimated monthly costs are 2,274.67£ without rent. (approximately 2,30,000 INR)
- A single person estimated monthly costs are 653.60£ without rent. (approximately 66,000 INR)
As both countries are developed countries, the monthly expenditure is more or less the same. This is one parameter where both countries are quite comparable.
Conclusion
Top IELTS Coaching In Ernakulam offers assistance in preparing for the exam but does not help choose the country. Hence, we have written the above article to help you with that. As the best IELTS Coaching Center In Kochi, we aim to help you resolve this concern.
The United Kingdom is home to many of the world’s leading colleges, a major worldwide hub for business and finance, and one of the world’s most important hubs for art and culture. It has one of the world’s largest foreign student populations, which surpassed 1 lakh in 2019.
Montreal, Canada, has been rated sixth globally, with advantages such as having one of the lowest living costs compared to other large cities worldwide. It also has a varied cultural and linguistic makeup. McGill Institution, Canada’s premier university, is located in a Francophone region. Both nations have their benefits. However, it has been noted that although we offer the best IELTS class, almost 80 per cent of Keralites wish to return. If you want to settle overseas, Canada is a better alternative, but the UK is a better option if you only want to make money and return home.
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