In this article, surprisingly, the author suggests that his education abroad (Cambridge) was a result of his failure in the chinese system.
Finally, I threw in the towel, and asked my parents to send me abroad. Anywhere else on this earth would surely be better.
And regarded western universities as much less competitive and demanding.
What it lacked in rigor, however, it more than made up in the remarkable growth of perspectives I experienced by interacting with students from a massive spectrum of backgrounds from all over the world.
That will be another major loss for US universities, outside of the purely financial side.
Also these degrees don't offer any substantial advantage in any of the other countries you mentioned.
The currencies of all the countries you mentioned trade very unfavorably (maybe not the right word) with respect to the USD. So even if the cost of a higher ed degree seems like a lot to US locals, that cost is a few orders of magnitude higher from the perspective of a family considering this investment for their ward.
The only way this degree is worth the money, even after the substantial scholarship/assistance that US schools used to offer, is if you got a job that pays you is US Dollars. If at the end you don't get such a job, then the degree isn't worth the paper it's printed on.
A masters degree used to cost about 20-30 thousand dollars in total if you got the aforementioned scholarships/assistance. Then once you landed a tech job you'd have made up your original investment within a year if you lived frugally, which most international students tend to anyway.
After that you could save up your money, which would be a substantial amount once exchanged for the local currency and return. This is unlikely.
Because most would choose to stay and climb higher on their career ladder and provide a more luxurious standard of living for their families.
This is the whole point of going through the university system, not the degree.
Again, you don't need the foreign degree if the BIG CO is hiring locally anyway. Sure it makes you stand out, but your net gain is very little compared to someone who got educated locally as well.
Sorry about belaboring this point.
Of course, there are other considerations besides pay... but if you are trying to maximize pay, beating Silicon Valley or New York takes some doing.
This is driven by ex-poly degree mills cashing in. If you’re studying in the UK it’s Russell Group is still prestigious for the right reasons. Otherwise the value is questionable.
Now, obviously, this course at this uni is clearly going to crash and burn at some point, having used up all good will pandering to rich Chinese students. The problem is that this is an industry race to the bottom. Sure, the main stem subjects at Cambridge or Manchester are in good shape, but all the fringe subjects are going to shit, especially the one year masters courses.
I can't name the specific course or university as I was told this in confidence by a faculty member, so believe what you will, but the race to the bottom is happening and is causing immense harm to UK institutions at all levels, not just the ex-poly degree mills.