{"id":59196,"date":"2024-09-09T12:04:58","date_gmt":"2024-09-09T12:04:58","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/09\/09\/generational-divide-emerging-on-international-education-hsbc-data-finds\/"},"modified":"2024-09-09T12:04:58","modified_gmt":"2024-09-09T12:04:58","slug":"generational-divide-emerging-on-international-education-hsbc-data-finds","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/generational-divide-emerging-on-international-education-hsbc-data-finds\/","title":{"rendered":"GENERATIONAL DIVIDE EMERGING ON INTERNATIONAL EDUCATION, HSBC DATA FINDS"},"content":{"rendered":"<div>\n<p><span class=\"xn-location\">LONDON<\/span>, <span class=\"xn-chron\">Sept. 9, 2024<\/span> \/PRNewswire\/ &#8212;<\/p>\n<ul type=\"disc\">\n<li><b><i>51% of respondents surveyed aspire to send their child overseas for study, or already have a child studying internationally<\/i><\/b><\/li>\n<li><b><i>More than two thirds of Gen\u00a0Z and Millennials are keen for their children to study closer to home, compared to just over half of Boomers <\/i><\/b><\/li>\n<li><b><i>82% of Millennials and 77% of Gen\u00a0Z believe that<\/i><\/b><b><i>\u00a0an innovative education is important, compared to 30% of Boomers<\/i><\/b><\/li>\n<\/ul>\n<p>A generational divide in attitudes towards international education and where to study is emerging, according to a new report from HSBC.<\/p>\n<div id=\"prni_dvprnejpg675aleft\" dir=\"ltr\" style=\"TEXT-ALIGN: center; WIDTH: 100%\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2498711\/HSBC_Quality_Life_Report.jpg?p=medium600\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" id=\"prnejpg675aleft\" title=\"HSBC's Quality of Life report suggests emerging preferences as younger generations are shifting towards new academic destinations\" src=\"https:\/\/mma.prnasia.com\/media2\/2498711\/HSBC_Quality_Life_Report.jpg?p=medium600\" alt=\"HSBC's Quality of Life report suggests emerging preferences as younger generations are shifting towards new academic destinations\" align=\"middle\"><\/a>   <br \/>   <span>HSBC&#8217;s Quality of Life report suggests emerging preferences as younger generations are shifting towards new academic destinations<\/span>  <\/div>\n<p>HSBC&#8217;s <i>Quality of Life<\/i> report, which surveyed more than 11,200 affluent adults in 11 markets around the world, reveals that while the US, UK and <span class=\"xn-location\">Australia<\/span> remain the top study destinations, younger generations of current and future parents, such as Gen Z (68%) and Millennials (67%), are more likely to prioritise a university closer to their home region.<\/p>\n<p>The report found new emerging destinations for overseas university education:<\/p>\n<ul type=\"disc\">\n<li>Mainland <span class=\"xn-location\">China<\/span> is increasingly popular among younger Singaporean parents<\/li>\n<li><span class=\"xn-location\">Singapore<\/span> is emerging as a top destination for younger parents from Mainland China, <span class=\"xn-location\">India<\/span>, <span class=\"xn-location\">Malaysia<\/span> and <span class=\"xn-location\">Taiwan<\/span><\/li>\n<li>Continental <span class=\"xn-location\">Europe<\/span> is emerging as the top region for parents from the <span class=\"xn-location\">United Kingdom<\/span><\/li>\n<li><span class=\"xn-location\">Canada<\/span> is growing in popularity with parents from <span class=\"xn-location\">the United States<\/span><\/li>\n<\/ul>\n<p>Commenting on the study, <b><span class=\"xn-person\">Katie Wilkins<\/span>, Global Head of International Propositions, HSBC, <\/b>said:<\/p>\n<p>&#8220;We&#8217;re seeing a shift in attitudes towards international education in younger generations of parents, who are looking to balance their child&#8217;s education with global aspirations and proximity to home, compared to their older counterparts.<\/p>\n<p>&#8220;More families are coming to us as they begin their international education journey, as the complexity of choice means they need a globally-connected financial services partner to help them navigate decisions with clarity and confidence.&#8221;\u00a0<\/p>\n<p>Most parents (78%) would select a university if it allowed their child to pursue their passions, with Millennials (83%) 10 per cent more likely to\u00a0prioritise their child&#8217;s interests when selecting a university compared to Boomers (73%). Millennial (81%) parents are 15 per cent more likely than Boomer (66%) parents to &#8216;strongly or somewhat agree&#8217; with an education option that allowed their child to explore an entrepreneurial path if it had a positive impact on their child&#8217;s overall well-being while studying overseas.<\/p>\n<p>Younger generations of parents also prefer\u00a0institutions with future-focused curricula; with 82 per cent of Millennials and 77 per cent of Gen Z respondents agreeing that an innovative education is important, compared to 30 per cent of Boomers who &#8216;strongly agreed&#8217; it was important. The majority (66%) of parents believe that an international education will lead to global exposure for their child and enhance their future opportunities.<\/p>\n<p>Commenting on the research, <b>Dr <span class=\"xn-person\">Wanying Zhou<\/span>, <span class=\"xn-org\">University of Oxford<\/span>, Wellbeing Research Centre, Research Fellow<\/b>, specialising in Adolescence Well-being and International Education, said:<\/p>\n<p>&#8220;HSBC&#8217;s report comes when the international higher education landscape is witnessing a period of rapid change and diversification. Families are considering &#8216;<a href=\"https:\/\/monitor.icef.com\/2023\/12\/five-international-education-trends-that-will-extend-into-2024\/\" target=\"_blank\" rel=\"nofollow noopener\">satellite campuses<\/a>,&#8217; and as digital transformation within the education sector gathers pace, parents and students are also exploring new avenues, such as <a href=\"https:\/\/www.oxfordcollege.ac\/news\/online-education-statistics\/\" target=\"_blank\" rel=\"nofollow noopener\">online learning<\/a>\u00a0which can allow students to study independently while being close to home. Whichever educational path a student chooses to take, study abroad can bring both rewards and challenges and it&#8217;s important for families to be prepared for this period.&#8221;<\/p>\n<p>HSBC&#8217;s global network, suite of resources and partnerships equip parents and students with the tools to navigate the world of international education. Find out more about HSBC&#8217;s services available for international students by visiting <a href=\"https:\/\/internationalservices.hsbc.com\/study-abroad\/\" target=\"_blank\" rel=\"nofollow noopener\">this site<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, Sept. 9, 2024 \/PRNewswire\/ &#8212; 51% of respondents surveyed aspire to send their child overseas for study, or already have a child studying internationally More than two thirds of Gen\u00a0Z and Millennials are keen for their children to study closer to home, compared to just over half of Boomers 82% of Millennials and 77% [&#8230;]\n","protected":false},"author":1,"featured_media":79226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - 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