To get fresh insights into the thoughts and needs of the middle class on sending children to study abroad, HSBC Premier has conducted an online survey in 2024 with over 900 parents aged 24 to 64 who possess HKD1 million or above of liquid assets with children aged 6 to 22. The survey revealed that the rate of respondents who plan to get their children started for global education during the stages of primary school to junior high school has been increased by over 10% compared with last year. 2/3 respondents anticipate that studying abroad may allow their children to enrol in a wider range of extra-curricular activities, enriching their experiences and unlocking their potential.
The parents estimate that the cost for sending a child to study in the UK is
HKD
3.6 million
School fees and living costs:
HKD
2.9 million
which is increased by over 10% compared with last year
Other hidden expenditure is estimated at
HKD
700 thousand
The respondents estimate that their budget will be affected by inflations and exchange rate fluctuations. For instance, there will be an annual increase of 10.7% in the cost of studying in the UK.
Over 60% of respondents indicate that they currently do not have sufficient reserves.
About 70% of respondents choose HSBC Premier as their first choice to support their planning for global education.
Let HSBC Premier guide you through every step in preparing for your global education journey with a comprehensive suite of solutions and global support.
We understand that preparing for your children’s overseas study requires early and comprehensive planning, and uncertain variables may exist througout the journey. With HSBC Premier’s wide range of global support, you can open overseas accounts and conduct global transfers easily in advance, and make wiser decisions on studying abroad. To help you make informed choices, we are delighted to present you with the first-in-town Chief Education Officer, enabling you to plan better for your children’s overseas study.
HSBC Premier is delighted to offer a wide range of financial services and global supports for global education, including HSBC Premier Academy, summer camps in the University of Oxford and Imperial College London in the UK, a spectrum of local summer programmes under HSBC Summer Summit for Next Gen and the first-in-town Chief Education Officer; and meanwhile join hands with the British Council to host the SPARK 2024 Cultural and Art Exchange Event to promote the all-round development of the next generation. While you are paving the path for your children’s overseas education, as our HSBC Premier clients, you will be entitled to enjoy exclusive discounts on IELTS and English courses provided by the British Council.
Terms and conditions apply.
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