ROI of Masters Degree from Abroad

5 minute read

Studying master’s or any other course from your native country can be affordable. Contradictory, studying a master’s abroad can be very expensive and make holes in your pocket. Some can afford the expenses, however many of the students opt for scholarships and educational loans. However, there is one thing that is common between them. They often wonder if it’s worth spending all the money. What is the ROI of a master’s degree from abroad?


This is a very vast concept and it varies from course to course and country to country. Often people select their major for education based on this data. 

What is ROI-based education?

Nowadays due to the competitive world, there has been a sudden increase in the value of every course that one studies. For that matter, it is important for students to know what is the value of their education after they pass out. It also means that after how much time, they will be able to cover the cost of their education and make some returns out of it. ROI can be different from someone who has done a bachelor’s to someone who is pursuing his/her master’s education.

The ROI of a master’s degree from abroad and the ROI of a graduate degree generally comprise 4 factors

  1. Cost of the course
  2. Living costs for the entire duration of the course
  3. Part-time jobs 
  4. Full-time jobs in your majors after completing your studies.

Must Read: ROI on MBA

ROI of Masters from Abroad: How to Calculate?

Calculating the ROI of a master’s degree abroad can sometimes be very easy as well as a very difficult process. It generally takes very less time to have an approximate figure. It varies from different countries to country and their demand too. 

The fixed factor can be the part-time jobs that a student can do during his living time. Another variable factor can be the fees and standard of living a student is opting for.

Note: Let’s assume the Master’s is of 1 year 

The general formula for the ROI of a master’s degree abroad can be: 

Cost of Education ( Fees of the duration of course + living expenses) 

Income = ( Part-time salaries according to work and hours+ Salaries from full-time jobs in post-work visa time)

Let’s assume the average cost of your course is Rs 20 lakh and the living expenses can be 10 lahks. 

That means the cost of education is (20+8.3 Lakh)=28.3 Lakh. 

Now, Working in a part-time job you get 10 $ PER HOUR. The standard time you are allowed to work part-time is 20 Hrs/per week. 

Total Income from Part-time is (20*10 $)= 200 $ ( Approximately 16k)

For the whole it will be (16000*52 WEEKS) = 8.32 Lakhs

So a person will be able to cover his living cost during the stay period while working part-time during his/her study time.

Now the total debt on the student is 20 Lakh (fees of the course)

While getting a post-working visa, he/she will be allowed to work for a minimum of 2 years in that country. 

While working the average salary for a master’s degree holder can be 25 lakhs annually.

Again there’ll be some living cost that will be around 10 Lakh. Therefore he/she will be able to save around 15 lacks to pay off the debt.

Again left with a 5 lakh loan, He will be earning 30 Lakh annually ( suppose he/she got an increment)

The living cost will be 10 Lakh. This makes the net income 15 lakhs. Paying off the loan and a bit of interest charged (3 lakhs). He will save (30-10-5-3) Lakh= 12 Lakh.

Therefore, the ROI of a Master’s degree abroad will be = 12/25*100= 48%

ROI of masters from abroad: Average ROI of Different Countries

Following are some averages of ROI of master’s degrees from abroad in different countries like Canada, the UK, and the US.

Country Master’s Course Fee Part-time IncomeLiving Cost
Canada 25,000 – 26,000 CAD (15.16 – 15.80 Lakh ) 13,200 CAD (8 Lakh)14,000 CAD ( 8.50 Lakh)
UK14,000- 22,000 £ (14.20- 22.30 Lakh) On campus- £ 12 (Non-admin) = Rs 1200£ 20-25 (Admin) = Rs 2000- 2500
Off- Campus£9 = Rs 900
10,000- 11000 £(10.15- 11.20 Lakh)
US$34,000- $60,000
(28-53 Lakhs)
$95,115 ( 80 Lakhs) per year$2,500-3,500 (20,000-30,000) per month

Note: These figures are not exact figures, however, these are some average figures from different reliable sources.

Must Read: High ROI Management Courses Abroad for Commerce Students

Full-Time Salaries In Canada for Master’s Degree

Course Annual Average Salary Range
Business70,000-90,000 CAD ( 42.46- 54.50 Lakh)
Science and Engineering60,000-1,50,000 CAD (36.30- 90 Lakh)
Humanities and Social Sciences45,000-65,000 CAD ( 27.20- 39.42 Lakh)
Arts40,000-80,000 CAD (24.20- 48.52 Lakh)
Medicine55,000-95,000 CAD (33.36- 57.62 Lakh)
Law52,000 -80,000 CAD (31.54- 48.52 Lakh)

Note: These figures are not exact figures, however, these are some average figures from different reliable sources.

Must Read: Top High Paying Jobs in Canada 2023

Full-Time Salaries In the UK for Master’s Degree

CourseAnnual Average Salary Range
Business34,100-68700 £ ( 34.56- 69.64 Lakh)
Science and Engineering27,700-63,300 £ ( 28- 64.16 Lakh)
Humanities and Social Sciences28,000-54000 £ ( 28.38- 54.74 Lakh)
Arts21,100-35,800 £ ( 21.38- 36.29 Lakh)
Medicine24,200- 56,000 £ ( 24.53- 56.79 Lakh)
Law39,800 -60000 £ ( 40.34- 60.84 Lakh)

Note: These figures are not exact figures, however, these are some average figures from different reliable sources.

Full-Time Salaries In the US for Master’s Degree

CourseAnnual Average Salary Range
Business$53,190 to $121,320
Science and Engineering$62,600 to $135,850
Humanities and Social Sciences$52,550 to $112,470
Arts$47,300 to $99,870
Medicine$112,570 to $208,000
Law$126,930 to $208,000

Must Read: High Paying Jobs in UK


In which country should I study for the best ROI from my master’s abroad?

Every country has a different rate of investment for a master’s degree. It also differs from course to course. Like most, the salary for medical courses is often high. However, in the USA, STEM courses are in high demand due to their need. So, it totally depends on your course and what you prefer to study. 

Is ROI from a master’s greater than ROI from Graduation?

Yes, the ROI from a master’s is generally higher than that of graduates. The income for doing part-time jobs is generally the same for both, but when you join a company as a full-time employee based on your education, the salaries are comparably higher. 

Is it possible to calculate ROI from masters?

Yes, it’s possible to calculate ROI from masters. However, the process of calculating is the same as for any bachelor.

What are the best courses for greater ROI for masters abroad?

Very specifically, in most countries, medical, management and technical courses offer a high return on investment. USA, being the technical hub offers a high ROI in all the stem courses. 

Do I need to calculate the ROI for the master?

Mostly, the point of factor that makes up someone’s mind for selecting a particular course or country is the ROI. So you can calculate the ROI for your future plans. 

Confused while selecting what subject and course you want to study?  Consider what ROI you get after investing your hard-earned money in studying abroad. You can have a detailed knowledge of what exactly ROI is and why you consider it an important part of your decision. For more assistance, contact Leverage Edu or call us at @1800572113 for free online consultation with our counsellors. 

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