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Sunday, September 22, 2024

Bangladesh “rising market” that might be key to diversifying – report


Shifting world pupil demand: Asia’s position in diversification, a report collectively written by the coed recruitment platform and the worldwide testing firm, detailed how conventional and rising markets have carried out between 2019-2023, and the way universities within the large 4 locations can capitalise.

  • Bangladesh’s numbers grew by 129% between 2019 and 2023 within the US
  • Report harassed the rising demand for diversification throughout the Asian market as college students take a look at intra-Asian mobility
  • However it additionally mentioned that it was crucial for establishments to tailor their digital methods relying on the place college students come from within the area

Bangladesh was singled out as one of many greatest rising gamers, with a 129% improve in college students from the nation going to the US.

Between 2019 and 2023, the variety of college students from Bangladesh going to Canada grew by 95%, these going to Australia grew 81%, and the UK noticed a development of 364% over the 4 12 months interval.

“Since 2020, Bangladesh has jumped from the 17th ranked sending nation to the US to ninth,” the report mentioned.

Greater than 75% of these within the US are on graduate applications; in 2023, 8,314 college students from Bangladesh have been doing a doctorate; 6,726 have been doing a Grasp’s; 995 have been doing an affiliate diploma and three,329 have been doing a Bachelor’s.

“This development underscores the significance of Bangladesh as a vital supply of various and academically inclined worldwide college students, presenting a possibility for instructional establishments to tailor their methods to this burgeoning demographic,” the report remarked.

Additionally seeing notable development as a sending nation is Pakistan; numbers grew by nearly 50% between 2019 and 2023 within the US, by 120% in Canada, by 70% in Australia and a staggering 483% within the UK.

The report additionally targeted on Asia as a vacation spot, particularly on the thought of Intra-Asian pupil mobility.

South Korea, it mentioned, is changing into more and more common – which aligns with the nation’s mission to spice up the variety of worldwide college students it has over the subsequent 5 years.

Over 181,800 worldwide college students had research visas in South Korea in 2023, having grown almost 14% since 2019.

As conventional English-speaking locations increase limitations for worldwide college students, South Korea appears to welcome extra. Whereas the demand from China stays steady, there was a notable improve in demand from different international locations, together with Vietnam and Mongolia.

An omnichannel technique leveraging the vary of communication channels college students favor can improve dialog charges

When it comes to Asia’s rising markets for intra-Asian mobility, Taiwan was notable – with Vietnam exhibiting vital development as a sending nation: 104% from 2019-2023. Thai and Indonesian curiosity in Taiwan can also be rising, it mentioned.

“For instructional establishments worldwide, Vietnam represents a dynamic and evolving market that gives substantial engagement alternatives, particularly for international locations and establishments inside Asia seeking to appeal to worldwide college students,” the report famous.

When it comes to pupil behaviour, college students from each Bangladesh and Vietnam seen prices and scholarships as necessary components in deciding research locations; Pakistani college students additionally mentioned value was a giant issue, in addition to admission necessities – one thing Bangladeshi college students additionally listed as a deciding issue.

However the report additionally harassed the necessity to “localise digital property” and utilise the proper social media channels for every area, “tailoring interactions and content material”.

“An omnichannel technique leveraging the vary of communication channels college students favor can improve dialog charges as much as seven instances greater than relying solely on direct e mail,” the report added.

When it comes to social media, nobody Asian nation makes use of precisely the identical platforms – whereas India, Thailand, Vietnam and Taiwan all use Fb Messenger, South Korea, Japan and China don’t, all utilizing largely completely different channels completely to talk, together with KakaoTalk for South Korea, LINE for Japan and WeChat for China.

“Asia’s prominence as a supply of worldwide college students stays vital, necessitating strategic efforts to grasp and have interaction with this dynamic, various area successfully,” it added.

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