Education During Recession

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Information about Education During Recession

Published on July 1, 2009

Author: impel


Slide 1: WELCOME STUDENTS & PARENTS Slide 2: PLEASE SWITCH OFF OR CHANGE TO SILENT MODE THANK YOU Slide 3: Quote “We need to worry about the future, since that is where we are going to spend most of our time” Mark Twain Slide 4: Globalization? OR Indianization of Globe? Slide 5: The Reserve Bank of India (RBI) has reported that Indians living abroad transferred $24.6 billion to India in the fiscal year 2005-2006. Few Famous Indians in the world : Few Famous Indians in the world Slide 7: The Co-founder of Sun Microsystems (Vinod Khosla), Creator of Pentium Chip (Vinod Dahm), Founder and creator of Hotmail (Sabeer Bhatia), Dean of Kellogg School of Management(Deepak Jain) Chief Executive of McKinsey & Co.(Rajat Gupta) President of United Airlines (Rono Dutta) GM of Hewlett Packard (Rajiv Gupta) President and CEO of US Airways (Rakesh Gangwal) Chief Executive Officer of Citigroup (Vikram Pandit), Chief Executives of Standard Chartered Bank (Rana Talwar) Chief Executive Officer of Vodafone (Arun Sarin) Chief Operating Officer of Adobe Systems (Shantanu Narayen) Chief Financial Officer of eBay (Rajiv Dutta) Slide 8: President of AT & T-Bell Labs (Arun Netravali) Vice-Chairman and founder of Juniper Networks (Pradeep Sindhu) Founder of Bose Audio (Amar Bose) President and CEO of Pepsi Cola, (Indra Nooyi) Head of (HPC WorldWide) of Unilever Plc. (Keki Dadiseth) Chief Executive Officer of HSBC (Aman Mehta) Director and member of Executive Board of Goldman Sachs (Girish Reddy) Chief Economist of the International Monetary Fund (Raghuram Rajan) Former CTO of Novell Networks (Kanwal Rekhi) CEO of Mittal Steel Corporation (Lakshmi Mittal) Head of R&D at Yahoo! (Prabhakar Raghavan) Slide 9: The world is always moved by Indians What is a Recession ? : What is a Recession ? A period of general and sustained economic decline Spotting a Recession : Spotting a Recession WHAT ? : WHAT ? Slowing down of every economic activity In a recession many things fall together- production, employment, prices, and business profits Business go bust, and this can lead to runs on banks and a crisis in the financial system WHY ? : WHY ? Contradictory opinions are provided by economist’s for causes of “Recession”. A school of thought blames it on “Higher Savings and Less Expenditure” Others thought it as an outcome of “Excessive Spending” Slide 15: Recession needs swift action: Obama Press Trust of India, Wednesday, January 21, 2009, 12:44 AM (Washington) "From everywhere we look, there is work to be done" Obama said in his inaugural address “The state of the economy calls for action, bold and swift, and we will act -- not only to create New jobs, but to lay a new foundation for growth," Obama has proposed a mega stimulus package to revive the US economy. The plan proposes to create three to four million jobs in the US. "Today I say to you that the challenges we face are real. They are serious and they are many. They will not be met easily or in a short span of time. But know this, America – they will be met," Obama said. Mr. Barack Obama President USA Slide 16: Mr. Gordon Brown British Prime Minister Brown admits recession could last until 2011 The Prime Minister announced plans to create 100,000 jobs in the public sector and promised fresh moves to force banks to resume lending to businesses. He will tour potential unemployment black spots ……setting out moves to boost employment in "green" and hi-tech jobs. Plans are also being considered to give cash to struggling firms…… ……. Mr Brown conceded the downturn could last until 2011. Slide 17: Mr. Kevin Rudd Australia Prime Minister Australia will avoid recession: Rudd Prime Minister Kevin Rudd says he is confident Australia will avoid a recession despite predictions of rising unemployment and the global financial crisis hurting other countries. The prime minister said he agreed with Reserve Bank of Australia (RBA) deputy governor Ric Battellino's comments on Thursday that Australia was well placed to cope with the global downturn and could avoid a recession. Source: The Sydney Morning Herald Slide 18: No question of recession in India: Manmohan Putting up a brave front in the face of global meltdown, Prime Minister Manmohan Singh said that the Government is watching the situation on a ‘day-to-day and hour-to-hour basis’ and asserted that there is no question of recession in India. Replying to a volley of questions on the pressures on Indian economy due to international financial crisis, Singh said that though capital outflows were putting pressure on the liquidity and the rupee, Indian banking system was not affected as much as elsewhere. Source: Indian Express Mr. Manmohan Singh Prime Minister India AT YOUR PERSONNEL LEVEL : AT YOUR PERSONNEL LEVEL Try to spend less and save more You can certainly expect lower prices of essentials like houses, consumer goods, computers, buy them if you have spare money Keep plan ready your budget for worst situation WHAT TO DO TO REDUCE IMPACT IN INDIA Slide 20: It is a good opportunity for many to invest in share market and in housing as the prices are very low. Try to invest in yourself to improve your skills, so that after recession you should be the first to grab the right opportunity. (The time is right to pursue your overseas education) Slide 21: Students opt to study abroad to wait out recession 2 Dec 2008, 0012 hrs IST, Shruthi Balakrishna, TNN The global meltdown has hit industry hard. Students despite making it through campus recruitments, are unsure whether they will get confirmed offers. With such uncertainties prevailing in the job market, many of them have decided to pursue higher education in India and abroad. Mr. L Dhanasekaran, head of Education UK, south India, told TOI that the number of visas issued from south India for students applying for UK in September 2007 was 6,846. Mr. L Dhanasekaran, Head of Education UK, South India, Slide 22: The number has shot up by 5,000 since last year. In September this year, the number of visas issued was 11,126. "Overall, 31,000 Indians are studying in UK," he said. Students preferred courses are MBA, IT, engineering, and applied sciences such as biotechnology, microbiology, pharmacy, physiotherapy, social science, law and journalism. "Considering the present situation, students prefer to study than take up a job. It may take more than a year for the market to come to normal. By then, the students will not only have an international degree but chances of getting jobs would be brighter," Mr. L Dhanasekaran said. Students opt to study abroad to wait out recession 2 Dec 2008, 0012 hrs IST, Shruthi Balakrishna, TNN Slide 23: The next hot destination for students to pursue higher studies is Australia. Data provided by IDP education showed that the first half of 2008 saw 25,000 admissions of Indian students in various institutions in Australia. This is a growth of 50% compared to the same period in 2007. Popular courses are MBA; hospitality, such as commercial cookery and patisserie; and pilot training. Students have also inquired about salon management, criminology, biotechnology, forensics, community welfare and horticulture. "Queensland, Western Australia and South Australia have also registered a significant increase in Indian students. This is because they come from a fast developing country that needs skilled and trained workforce." Students opt to study abroad to wait out recession 2 Dec 2008, 0012 hrs IST, Shruthi Balakrishna, TNN Slide 24: Some of the city's leading engineering colleges that boasted of 100 per cent placements last year could not muster 60 per cent job offers this year. When contacted, Vasavi college placement officer Mr. C Madhav Rao said this year only 28 companies have offered jobs till date, while last year by this time 60 firms handed out employment offers to its students. Of 600 students, around 390 have got call letters though no joining dates have been mentioned. Recession hits placements in city 7 Dec 2008, 0239 hrs IST, Nikhila Henry, TNN Slide 25: Authorities said, students were going in for higher studies as there were not many job offers. "Many students are planning to apply for higher studies," CBIT Principal, Mr. Chenna Keshav Rao told TOI. According to him, many of the 543 students who have got offer letters in the first phase are planning to go abroad as they feel appointments might be delayed. Recession hits placements in city 7 Dec 2008, 0239 hrs IST, Nikhila Henry, TNN Mr. Chenna Keshav Rao Principal - CBIT What is weighing down on the present batch of students is the fact that their seniors have not yet got their joining dates though they passed out in May, 2008. "This has scared the present batch," Keshav Rao said. The appointment date of as many as 60 students has been deferred till October, 2009. Slide 26: STUDY IN UK Slide 28: Advantages Of UK Education High standard of education Internationally accepted and recognized qualifications Wide variety of courses Scholarships Career prospects Masters Program is 1 year Slide 29: Course Fee Course fee varies from University to University. Approximately £ 8000 (Rs. 6 lakhs) to £ 9000 (Rs. 7 lakhs) per annum. Slide 30: Eligibility for Admission to UK Bachelors Degree in relevant discipline IELTS of 6.0 bands out of 9.0 – accepted in UK TOEFL iBT of 80 out of 120 – accepted in UK Slide 32: Part – Time Remuneration A student is allowed to work 20 hours a week in term time and full time in university vacations. UK Average - £ 5 /- to £ 8 /- per hour (Rs. 350/- to Rs. 570/- per hour) Currency Conversion - £ 1 = Rs.70/- Slide 33: International Graduate Scheme This scheme allows students to stay in the UK for up to 12 months after graduation to seek employment. This Scheme allows a student of any discipline to apply. Before the IGS visa expires you can apply to “switch” into Work Permit or Tier 1 (General) Highly Skilled Workers. Slide 34: Engineer 2. Environmental consultant 3. Cosmetologist 4. Public relations specialist 5. Human resource professional 6. Advertising executive 7. Teacher 8. Accountant 9. Counselor 10.Data communications analyst UK Slide 35: Work Permit The most important thing to understand in UK work permits is that in the UK the employer applies for the work permit and the work permit is granted for a particular employee. If you are an individual hoping to work in the UK, you cannot apply for a work permit. If you have a work permit for the UK, you can't change jobs without getting a new work permit. Slide 36: Tier 1(General) Highly Skilled Workers Designed to allow highly skilled people to come to the United Kingdom to look for work or self-employment opportunities. Unlike work permits you do not need a job offer to apply. You are awarded points based on your qualifications, previous earnings, United Kingdom experience, age, English language, and available funds. Slide 37: Tier 1(General) Highly Skilled Workers & Work Permit For more details, please visit: Slide 38: Skip Intro Slide 39: Sophisticated... Technologically advanced… Scientifically advanced Impressive record of innovations & Strong new economy Highly trained… culturally diverse and multi-lingual workforce Slide 40: 8 States and Territories Capital of Australia Canberra Language English Education : Education Australia ranks 3rd in the English speaking world as an international student destination According to Australian Education International (AEI), in the last year, 40,010 Indian students enrolled in Australian educational institutions, a 55 percent increase from the previous year. India is now Australia’s second largest source of overseas students. Australia has a proven reputation as a provider of high quality education to international students Education : Education The interests of international students in Australia are protected by Australian government legislation - Only institutions which are registered by the Australian Government can recruit students from overseas.  The costs of studying in Australia compare favourably with traditional destinations for Indian students, such as the USA and UK. Slide 43: Advantages of Australian Education Dynamic and progressive education programs with a reputation for excellence. Globally-recognized courses and qualifications.  Cheaper study and living expense compared to many other countries. Vibrant, appealing and multicultural cities. Masters program is 2 years Slide 44: Course Fee Course fee varies from University to University. Approximately AU$ 13,000/- (Rs. 4.5 lakhs) to AU$ 20,000/- (Rs. 6.75 lakhs) per annum. Slide 45: Working While Studying A visa with permission to work enables you to work up to 20 hours a week on a casual basis during course time and full-time during Vacation periods.   In the case of masters and doctorate students family members can apply for permission to work unlimited hours. Slide 46: Eligibility for Admission to Australia Intermediate / Diploma / Bachelors Degree in relevant discipline IELTS of 6.0 bands out of 9.0 – accepted in Australia Slide 47: Bond University Griffith University Queensland University of Technology University of Queensland University of Southern Queensland University of the Sunshine Coast Southern Cross University University of New England Charles Sturt University Macquarie University University of Sydney University of Newcastle University of New South Wales University of Technology Sydney University of Western Sydney University of Wollongong Australian National University University of Canberra University of Tasmania Deakin University La Trobe University Monash University RMIT University Swinburne University of Technology University of Ballarat University of Melbourne Victoria University Flinders University University of Adelaide University of South Australia Curtin University of Technology Edith Cowan University Murdoch University University of Western Australia Charles Darwin University Multi-State Australian Catholic University Central Queensland University James Cook University AUSTRALIAN UNIVERSITIES Western Australia Northern Territory South Australia Queensland New South Wales Victoria Tasmania Slide 48: Part – Time Remuneration Australia Average – AU$ 8 /- per hour (Rs. 275/- per hour) Currency Conversion - AU$ 1 = Rs.35/- Slide 49: Salaries in Hotel Management (Per Year) Australia Average salary range – AU$ 35,000/- to AU$ 55,000/- (Rs. 12 lakhs to Rs. 19 lakhs) Currency Conversion - AU$ 1 = Rs.35/- Slide 50: Permanent Residency in Australia This visa allows overseas students who have completed their course studies in Australia to apply for permanent residency. This visa uses a points test to select visa applicants with characteristics needed in the Australian labour market.   You do not require sponsorship to apply for this visa. Slide 51: Permanent Residency in Australia This visa is for an overseas student or former overseas student. You must be under 45 years of age. Have good English language skills. Have the skills and qualifications that meet the Australian standard for an occupation on the Skilled Occupation List (SOL). Slide 52: Advantages of Permanent Residency in Australia Live and work in Australia on a permanent basis Receive subsidised healthcare through Medicare and the Pharmaceutical Benefits Scheme. Be eligible for Australian citizenship Sponsor people for permanent residence. Slide 53: General Skilled Migration Programme (Permanent Residency) For more details about this programme, please visit: Slide 56: Indian student enrollment in USA For the sixth successive year, India is the leading country of origin for students coming to the United States for higher education. In the year 2008, 94,563 students from India were enrolled at American colleges and universities. Students from India accounted for 14.4% of the 5,82,984 international students enrolled at American colleges and universities. Slide 57: Obama could draw students away from UK Mr. Barack Obama President USA Marthe Lamp SandvikSunday 23 November 2008, The Journal Issue 14 The election of Barack Obama as US president could threaten British universities' intake of foreign students, education experts claim. Leading analysts have said that as the negative perceptions of America diminish and US visa restrictions are relaxed, the US will see an increase in foreign students at the expense of applications to the UK. US immigration authorities have stepped up their effort to recruit overseas students in recent months by offering all science, engineering and maths students, the option to stay for 29 months after their degree is complete. Slide 58: Advantages Of US Education High standard of education. Recognized and sought after, by employers worldwide. Wide variety of courses. Scholarships. Long-term career prospects. Slide 59: Higher Education in USA Master of Science (MS) 2 yrs program Lots of industry jobs Can continue toward PhD MBA 2 yrs program Lots of industry jobs Doctor of Philosophy (PhD) 3+ more yrs after MS Lots of exposure and creative opportunity Research Labs positions + Teaching job opportunity Slide 60: Course Fee Course fee varies from University to University. Approximately $ 8000 (Rs. 4 lakhs) to $ 18000 (Rs. 8.75 lakhs) per annum. Slide 61: Eligibility for Admission to USA Master's degree: First class degree, 1100 or above GRE score, TOEFL score of above 80. MBA: First class degree, 3.0 or above GPA, 550 or above GMAT score, TOEFL score of above 80. PhD: Master's degree, TOEFL score of above 80, 1200 or above GRE score. Slide 62: Part – Time Remuneration A student is allowed to work 20 hours a week in term time and full time in university vacations. USA Average - $ 12 /- to $ 15 /- per hour (Rs. 585/- to Rs. 730/- per hour) Currency Conversion - $ 1 = Rs.48/- Slide 63: Career Opportunities Indian Students were askedwhich country provided you with the greatest number of opportunities in University Education? : Indian Students were askedwhich country provided you with the greatest number of opportunities in University Education? Source: Dept of Education, USA Slide 65: Indians comprise of Slide 66: US may raise H-1B visa cap February 06, 2009, Washington Commerce secretary, Senator Judd Gregg, may well become the White House lead for expanding the cap on H-1B visas, a bulk of which go to Indian firms. Mr Obama himself voiced support early in his campaign for increasing the 85,000-visa cap, which includes 20,000 visas set aside for advanced-degree graduates from US universities. “It’s not like... we are taking jobs from Americans, which is what you hear from labour unions. We’re actually creating jobs by bringing bright people into this country,” he said. Senator Judd Gregg Commerce secretary, USA Slide 67: Working in the US on an Employment Visa H-1B Visa For more details, please visit: Slide 68: Tests Required TOEFL IELTS GRE GMAT Slide 69: Test of English as a Foreign Language TOEFL test is computer based Skills evaluated – Speaking, Listening, Reading & Writing Total score is 120 TOEFL score is valid for 2 years For more details visit Slide 70: International English Language Testing System IELTS test is computer based Skills evaluated – Listening, Reading, Writing & Speaking Total score is 9.0 bands IELTS score is valid for 2 years For more details visit Slide 71: International English Language Testing System Over 1,300 US universities accept IELTS scores as proof of English language skills. Slide 72: Graduate Record Examination GRE – Test for students seeking admission into Masters programs in Engineering and Science Skills evaluated – Verbal, Quantitative & Analytical Total score is 1600 GRE score is valid for 5 years For more details visit Slide 73: Graduate Management Admission Test GMAT – Test for students seeking admission into Masters programs in Management and MIS Skills evaluated – Verbal, Maths & Analytical Total score is 800 GMAT score is valid for 5 years For more details visit Slide 75: Hyderabad Office - Location Slide 76: Hyderabad Office Slide 77: Impel Vision “IMPEL has come to this industry with a vision to take the professional guidance and services in overseas education to the town and rural level in INDIA.” Dr Lakshminarayana Yeluri CEO - Impel Overseas Consultants Limited Slide 78: Register with Impel today and realise your dreams, ambitions, goals and aspirations to move to the greener pastures abroad in a hassle free and professional manner. Slide 79: Questions? Students can clarify their queries, if any. Slide 80: A short story about FAITH Slide 81: This dog was born on Christmas Eve in the year 2002.   He was born with 3 legs – 2 healthy hind legs and 1 abnormal front leg which need to be amputated.   He of course could not walk when he was born. Slide 82: His first owner also did not think that he can survive.   Therefore, he was thinking of 'putting him to sleep'.   By this time, his present owner, Jude Stringfellow, met him and wanted to take care of him. She is determined to teach and train this dog to walk by himself.   Therefore she named him 'Faith'. Slide 83: In the beginning, she put Faith on a surfing board to let him feel the movements.   After further training in the snow, he now can walk like a human being. Slide 86: To achieve anything in life we need CONFIDENCE and DETERMINATION like FAITH. Slide 87: THANK YOU

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