Montreal is ranked the top city for the best overall return on overseas undergraduate education, followed by London and Hong Kong. Dublin, Ireland has a 26th ranking.
A new index created by The Economist Intelligence Unit, benchmarks 80 cities by the potential return for foreign students from an undergraduate education at institutions in those cities. The Sea Turtle Index, created for China's Bank of Communications, measures more than just raw educational quality: it also factors in the likely cost of that education, the potential for returns on financial and real-estate investments, the availability of work experience opportunities for overseas graduates, and the depth of cultural experience that an educational location will offer. By these criteria, Montreal comes top, followed by London and Hong Kong.
Key findings of the index include:
An open environment pays dividends
FAQ about the Sea Turtle Index
What is a “sea turtle”?
In Chinese culture, a “sea turtle” is a graduate of an overseas university who has reaped the benefits of a top-rate global education and immersion in another culture, and is typically coveted by employers upon return to his or her home country. (The name is apt in Mandarin as it sounds similar to the phrase “return from overseas”.) In this index, the meaning is extended to any undergraduate student who intends to invest the returns on an international education in his or her home country.
What factors does the index consider?
How was the index constructed?
compile the index, the EIU ascribed different weightings to sub-indices
representing each of the five factors listed above (themselves compiled from a
variety of separate indicators). Educational returns received the highest
weighting since, ultimately, this factor is likely to influence most people’s
decisions more strongly than any other.
How were cities chosen for inclusion in the index?
The index clusters the top 300 universities from the QS World University Rankings in major cities, allowing for richer data and greater regional diversity in results. The EIU used OECD statistics on the percentage of international students going to each country to decide on the number of cities to include per country.
The full index rankings, and a white paper analysing the results, are available at www.seaturtleindex.com
Bank of Communications is one of China’s top five commercial banks, with around 87,000 employees at home and abroad. Headquartered in Shanghai, it has 2,648 branches in China as well as 11 overseas subsidiaries and representative offices. The bank conducts a wide range of businesses, including banking, financing, insurance, securities, lease and trust services.
Bank of Communications was founded in 1908 and is the oldest modern commercial bank in China. It was reconstructed into modern China’s first nationwide joint-stock commercial bank in 1987 and was listed on the Hong Kong Stock Exchange in June 2005.
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