What are your concerns about the job sector and loan repayment after masters abroad in UK/Ireland?
Job prospects and loan repayment after a master's abroad vary by country and are important to consider.
- UK: The graduate job market is currently competitive, with recent reductions in hiring and fewer roles for international students needing visa sponsorship. UK postgraduate loan repayments are income-based, starting after graduation if your salary exceeds the set threshold (e.g., £21,000/year), at 6% of income above that level.
- Germany: Around 70 - 75% of international master's graduates find jobs within eight months, especially in IT and engineering. German language skills (at least B2 level) are important. Government loans like BAföG require repayment five years after graduation, with favorable terms and a typical cap.
- Ireland: Graduate employment is strong, with 75 - 80% placed within nine months, supported by multinational recruiters. Student loans are usually from private banks, with repayments starting soon after graduation and terms varying by lender.
Post-study work visa (PSW) rules and financial planning - including part-time work limits and living costs - also impact your repayment ability.
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