Studying Abroad and Learning Finance

studying abroad the advantages and disadvantages of studying abroad and learning finance in different countries Research Paper The studying abroad is becoming a hot topic, which concerns by more and more parents. In this modern and competitive society, many wealthy families and even working families all will strive to work in order to save the cost of the tuition of their children’ overseas studying. When their children grow up and start to enter universities or even they are in primary schools, they will be sent to accept more professional knowledge in foreign and developed countries than the domestic.Because this situation happened, these parents, especially in developing countries, believe that foreign educational philosophy and methods are more advanced than their countries, a number of students choose study abroad has been growing in recent years. However, under this situation, we should think about whether studying abroad is suitable for these students. Moreover, as we k now that it is true that a large proportion of students will choose to study finance in foreign countries’ universities. So what advantages and disadvantages does studying finance in foreign countries have.Some people agree that children should conform to this trend and go to overseas to study as long as their families have enough economic ability. Finance could tell students how to manage and earn money, which might lead students to have a satisfied job and beautiful future. In contrary, I have a view that sending children to study abroad and choosing finance as major blindly is not a sensible decision. Depending on some reports, the number of children who go outside to study that will result in brain drain, in particular for some developing countries, like India and China. Studying finance lindly only causes that students lose the interesting and influences students’ schoolwork in universities. So this essay will discuss the benefits and weakness about studying abroa d and studying finance in different countries. First, there is no denying that overseas study and learning finance in foreign countries could bring a lot of demerits for us, but it is an effective and good way to train children’ the ability of independent living and studying that let children stay away from their parents and study in other countries. Although, at the beginning, many children will feel lonely and afraid hen they come to an unknown place, meet people of different races and speak another language for the first time, it is these experiences that could teach these international students how to develop themselves and careers in the future without the assistant from their parents. These hard and unforgettable experience will become a valuable wealth. Besides overseas learning can expand the children’s horizons. Basically, living a long time in foreign countries could result in children speaking the second language fluently and learn about another country†™s culture and custom deeply.Learning finance overseas that could allow students to better understand and use the knowledge of this subject. For example, in China, it is generally acknowledged that students can only learn some theoretical knowledge from textbooks. The more worrying thing is that university’s living is relaxing and wonderful for Chinese students. After they try to learn in high schools, pass the cruel entrance examination and enter the ranking top universities. The thing they do not know is that university education is more useful for their future than the learning from high schools.So this is the different point between Chinese and western education. It is important that professor will combine of practical and theoretical in foreign finance learning. For instance, universities will give a chance for students to use virtual money to buy and sell stocks to help students truly understand the stock market. In addition, the tuition of international students coul d develop local economies. For example, as we know that the financial crisis lead to the weakness of the US economy, the property market downturn and high unemployment. So education, especially education for international students, become a new ndustry in America. Secondly, it is obvious that studying finance will give us some demerits in diverse countries. For example, there are many differences in learning finance between at home and abroad. So these students need to understand, adapt to and solve this problem. As we know, it is more difficulty for international students to study in foreign countries than native students. This includes this subject finance. We could take the china as a typical example to prove it. In China, finance contains two parts: money banking and international finance. Interestingly, these parts re not called finance in foreign countries, where we learn corporate finance and asset price in finance classes . So if we would like to learn this subject well, we should abandon the domestic point of view and accept diverse foreign thinking. It is harder to give up our own original thoughts and views in mind for these transfer students. This adaptions could need a shorter time for some students who have strong ability. However, it also could be unfortunate for thous who need a long time to adapt, which will lead to students losing confidence and then dropping out.Moreover, international students should learn the business or finance environment at home and abroad. When they graduate from universities, they will naturally face the serious problem looking for jobs. If they would like to find satisfying jobs, they will need professional knowledge and rich work experience. As an international student, it is beneficial that they have many choices in looking for jobs at home or abroad. So we should not only learn basic knowledge well, but also understand the domestic and foreign economic dynamic, which is helpful for students to know what talents an d skills this market needs.Thus, we should learn about more financial news around the world. Besides, if international students choose develop their career at domestic, they will bear more pressure than domestic universities’ students. Overseas returnee will become their new name. Most of people also will have this view that they should have better performance and stronger understanding ability due to the special overseas studying experience. So they will get different treatment from superiors and friends. Finally, another disadvantage is that overseas studying could lead to brain drain. The analysis starts with a simple decomposition of the brain drain in two multiplicative components, the degree of openness of sending countries (measured by the average emigration rate) and the schooling gap (measured by the education level of emigrants compared with natives). †(Docquier, Fre ? de ? ric. Lohest, Olivier, and Marfouk, Abdeslam) As we know many students decide by themsel ves or with their parents to go abroad to learn knowledge in recent years, but when they finish their school work, they are faced with a confusing problem, that to stay or come back. However, they usually choose the former.Take an example as China. A number of students will choose stay in foreign countries to develop their career. Because, in the general, Chinese students prefer to study in some more strong and advanced countries rather than in China. The result is that these students will be attracted by sound medical facilities, advanced educational philosophy, excellent living environment and high-quality people. It is a truth that there will be more pressure and vulnerability in developing countries. So by comparing developing countries with developed countries, these advantages will lead to students stay at oreign countries to work and live. This is also a great help on their next generation of education. Once they make a decision to stay, which will mean their homeland will ha ve in vain spent money and teaching resources to train them in the past two decades. Because when they are young and strong labor, they will do any contribution for development of their mother countries. This will hinder these countries’ development in education, technology and economic. On the contrary, these international students will purchase something for daily life to pay tax and find obs to work, which all promote local economic development unconsciously. So many countries take measures to draw overseas students come back in order to avoid brain drain. For example, some developing countries will make some favorable policies to give overseas students convenient and provide various research funding. And for advanced countries, like America, use on technology immigration policies to attract outstanding talent. In this way, it is helpful to reduce the incidence of brain drain. In conclusion, everything has benefits and drawbacks. Under this situation that more and ore stud ents go abroad, overseas students and education communication will become a trend. So this essay explains these overseas students will meet what advantages and disadvantages separately, when they go to study and learn finance in different countries. I agree that every student does not go abroad blindly, and if they choose to study outside, every overseas students could overcome these difficulties, regardless of knowledge or living. It is more important that these students could gain related result, find satisfying jobs and beautiful life, after xperiencing special and hard learning. Besides I believe that most of people are patriots and all want to make a contribution for their country. So the phenomenon of brain drain will reduce, every countries’ economic and education career will make a great progress. Work Cited Nguyen, Chi Hong. â€Å"Brain Drain or Brain Gain? The Revitalization of a Slow Death† Can Tho University. (2005). Print. Docquier, Fre ? de ? ric. Lohest, Olivier, and Marfouk, Abdeslam. â€Å"Brain Drain in Developing countries†. Print Iredale, Robyn. â€Å"Tackling the Roots of the Brain Drain. † 12, 08(2003). Print.