Why Taiwan
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1) High Quality Education
The chart showcases the top 5 Taiwanese universities, each surpassing the QS rankings of the top 5 IITs in India. National Taiwan University ranks 68th globally, with seven other universities ranking within the top 500. These universities excel in fields such as semiconductors, engineering, pharmaceuticals, biomedical sciences, and more, highlighting their academic excellence.
2) Navigating Competition
Each year, over 1 million students compete for the IIT JEE exam, with only 5,000 selected, yielding a low acceptance rate of 0.5%. Meanwhile, Taiwanese universities are enhancing benefits and scholarships to attract more international students amidst a shortage of local applicants.
3) Affordability
Taiwan offers a study abroad option that is significantly more affordable than Western countries, with tuition fees being six times lower and living costs four times lower. This makes it an ideal choice for Indian students seeking higher education abroad, allowing them to focus on their studies without financial strain on their families or the need for loans.
4) Job Opportunities
As Taiwan grapples with a declining birth rate, local universities and industries are confronting a shortage of manpower. This has heightened the importance of attracting and retaining international students. These students, proficient in English and knowledgeable about Taiwanese culture, are highly sought after for their seamless integration into the local workforce, filling critical gaps with skilled professionals. Notably, 90% of graduates secure employment within their industry within four months of graduation, showcasing Taiwan’s robust career opportunities for international students.
5) Better Return on Investment
National Taiwan University, with similar QS Rankings to Brown University in the USA, offers tuition and living costs that are six times lower. Graduates from NTU enjoy comparable salary prospects, highlighting a better return on investment compared to their counterparts in the West. Many Taiwanese graduates begin saving from their first year of employment, whereas international students in Western countries often require 3-5 years to recover their educational expenses. This underscores Taiwan’s affordability and advantageous career outcomes for international students.
6) Fully Covered Health Insurance
After residing in Taiwan for just 6 months, international students become eligible for national health insurance, which covers all medical costs and ensures a secure environment. This contrasts sharply with many Western countries where healthcare expenses can significantly impact savings.
7) Safe-And-Friendly-Environment
Taiwan’s safety, democratic integrity, and effective governance make it a secure destination, showcasing its ability to manage societal and health challenges adeptly. Throughout the COVID-19 pandemic, Taiwan’s proactive government response set a global example, maintaining high safety and health standards despite its proximity to China, the initial epicenter of the outbreak.
8) Semiconductor-Superpower
Taiwan plays a crucial role in the global semiconductor industry, leveraging advanced technological capabilities and strategic geographic positioning. At the forefront is Taiwan Semiconductor Manufacturing Company (TSMC), holding around 69% of the global semiconductor foundry market as of early 2023. TSMC is renowned for producing cutting-edge chips vital for high-tech devices such as GPUs and AI systems. Notably, Taiwan manufactures 90% of all iPhone chips, highlighting its indispensable position in the tech industry.
9) Chinese Learning Opportunities
Acquiring proficiency in Chinese, the world’s most spoken language, offers a distinct advantage in today’s job market. International students in Taiwan benefit from exceptional Chinese language learning opportunities, with programs tailored for beginners and advanced learners alike. Taiwan provides an immersive environment to master Mandarin, enriching cultural experiences and significantly enhancing employability. Bilingual skills are highly valued globally, making Taiwan an ideal destination to gain fluency and competitive edge.