The usual formula for calculating the return on investment of studying abroad is as follows:

ROI = Total cost of degree - Salary after education

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Total cost of degree

Here, the total cost of a degree includes only two main expenditures: Tuition and Living expenses. There are a variety of important factors that this formula misses and does not provide you with the true picture.

The factors missed by the traditional study abroad ROI calculator are not missed by the modern AI course selection tools. Apart from the tuition and living expenses, these include the following factors to calculate the return on investment of studying abroad:

a) In-Demand Jobs

These vary from country to country. Every country has its own skill and labour requirements in different sectors. AI tools ensure that your interests, course preferences and destination country all match.

b) Average Salary of a Position

AI will always give realistic options because it operates on a large amount of data. It scans and browses through the salaries of numerous people engaged in the profession you want to enter, and then quotes you an average number.

Note: One of the best sites to know average salaries is Glassdoor.

c) Work Opportunities

Here, in work opportunities, two aspects are mainly considered:

• Part-time work opportunities
• Post-study work opportunities

Again, these vary from country to country.

This is how AI predicts the ROI of studying abroad.

There are a variety of benefits of using AI tools to calculate ROI. One of the best and most trustworthy study abroad ROI calculators you will find is Edvia’s ROI calculator.

It browses through a large number of average salaries offered after the completion of your preferred course in your desired country, and then provides you with an estimated timeline as to when you can recover the cost spent on your degree.

There are only two steps to use the ROI calculator:

a) Enter your desired country

b) Enter your preferred course 

And leave the rest to Edvia to provide you with the true picture.

You should use AI career prediction tools so that:

• You do not choose the popular courses blindly
• Get an understanding of the job market in your desired country
• Keeping in mind the long-term returns on a degree
• Getting a true picture of the salary and lifestyle potential

1. What does ROI stand for?
ROI stands for Return on Investment.

2. What do you mean by the return on investment of studying abroad?
It means how much salary you will be able to earn after investing in a particular degree.

3. How to use Edvia's ROI Calculator?

You only have to do two steps:

• Enter your desired country.
• Enter your preferred course.

4. Where can I find some average salaries for a profession?
Glassdoor is one of the best options to look for average salaries.