How much minimum salary can you earn while studying abroad?

By Rohit Sethi

In Spring 2024, Indian students have diverse study abroad options, each with unique benefits. From career pathways in the U.S. to the cultural allure of Ireland and the safety of New Zealand, promising a rewarding academic journey. Students need guidance to make informed decisions aligned with their goals, ensuring a gratifying and successful educational pursuit in the forthcoming spring semester.

Study Abroad: Canada versus Australia

While Australia boasts a notably higher minimum wage of $23.23 per hour, international students labouring in part-time jobs can potentially earn more. Yet, the cost of living Down Under stands substantially higher, ranging from $14,146 to $14,890 annually. In contrast, Canada offers a relatively more affordable cost of living, ranging from $7,965 to $9,558 per annum, rendering it a more budget-friendly choice for students.

Study Abroad: Canada versus the UK

In the United Kingdom, the minimum wage varies by age, with those aged 23 and over entitled to £10.42 per hour, often surpassing the rates in most Canadian provinces. However, akin to Australia, the UK grapples with a relatively high cost of living, particularly in major urban centres. Living expenses in the UK typically fall within the range of £1,000 to £1,600 annually, inclusive of accommodation. Nevertheless, these costs may fluctuate based on location and housing choices.

Study Abroad: Canada versus New Zealand

New Zealand’s minimum wage rate, standing at 22.7 NZD per hour, is competitive on the international stage, although it lags behind Australia. The costs of living in New Zealand tend to be more balanced compared to its antipodean neighbour and the UK, ranging from $18,000 to $27,000 annually, contingent on lifestyle and residential preferences.

These are the comparisons between Canada, Australia, the UK and New Zealand on the basis of wage rate and cost of living. The choice of a country should seamlessly align with students’ financial capacity, educational aspirations, and individual inclinations.

(Author is Director – ESS Global)