China CITIC Bank Releases 2024 Blue Book of Study Abroad

Children's education is an eternal theme. In today's increasingly competitive world, parents are particularly concerned about their children's future, and international education has always attracted a lot of attention as an important educational solution.

In recent years, the study abroad market has fully recovered, and the demand for studying abroad has been growing. As a leader in the field of cross-border education finance, in order to meet the actual needs of the majority of overseas study families, China CITIC Bank has officially released the "2024 Study Abroad Blue Book", which continues to track industry trends, grasp the trends and development trends of studying abroad, comprehensively investigate the actual needs and confusion of students at all stages of studying abroad, and sort out the latest developments in study abroad development trends, study abroad related applications and planning for study abroad families.

As a leader in overseas financial services, China CITIC Bank has been deeply engaged in the field of studying abroad, and has published the "Blue Book of Study Abroad" series of books for many years since 2017, providing strong support for families studying abroad. The release of the "2024 Study Abroad Blue Book" not only demonstrates CITIC Bank's keen insight and deep understanding of international education trends, but also reflects its firm determination to become a trusted all-round study abroad service partner for international students and their families.

Accurate insight: Empower new wisdom in study abroad decision-making with data

With the rapid social and economic development of the mainland, the income level of residents is constantly improving, and the ability of families to pay is also increasing rapidly, and more and more students choose to study abroad. According to UNESCO statistics, up to now, the mainland has become the world's largest exporter of international students. Taking United States, the largest destination country for studying abroad, as an example, according to the United States Open Door Report, the number of international students applying to United States colleges and universities in 2023 has reached 1.05 million, with a year-on-year increase of 11.5% for international students, and the proportion of international students has hit a new high in the past 10 years, of which the number of Chinese students studying in the United States is more than 280,000, accounting for 27.3% of the total number of international students in United States, and Chinese mainland is still the largest source of international students in United States.

Based on this trend, China CITIC Bank's "2024 Study Abroad Blue Book" comprehensively analyzes the choices, gains, thoughts, confusions and urgent needs of students from the preparation stage to the overseas study stage through a survey of students who are in the preparation stage and those who have already completed the study abroad process, and provides the latest developments in the development trend and preparation of studying abroad for study abroad families.

Through more than 5,700 survey samples, the Blue Book conducted an in-depth analysis of the trend of the age group of international students and the trend of choosing the destination country for study. On the one hand, due to the impact of the global economy, there is an obvious differentiation trend at a young age, that is, the demand for high-net-worth customers is increasing rapidly, and the age group of education demand is advanced; At the same time, a large number of middle-class families have begun to postpone the age of their children's study abroad. This change reflects the different choices and trade-offs that families from different socioeconomic backgrounds have when to study abroad.

Students and parents also have more choices when it comes to choosing the destination country for studying abroad. The United Kingdom and the United States have long dominated as popular destinations for traditional study abroad, but now this pattern is quietly changing, with Canada, Australia, Singapore, Japan, Germany, France, Denmark and other countries gradually entering the Chinese people's field of vision with their educational advantages and international environment.

Industry insiders believe that this year's Blue Book is more prominent in terms of richness of content, pragmatism, and professional guidance.

First of all, the analysis and comparison of popular majors and disciplines have been added to meet the demand of overseas students for career choice and employment in recent years. Secondly, the Blue Book adds the content of how prestigious schools select and admit students, and there are first-hand information from teachers from United States "Ivy League schools" to analyze the enrollment style, enrollment philosophy, and student portraits of each school. Third, the Blue Book provides an in-depth analysis of the new needs of the study abroad market and the new changes in admission policies. Postgraduate study abroad has become the largest group of overseas students for three consecutive years. In addition to the analysis and comparison of popular majors, the new changes and solutions to the admission policies of popular majors, graduate career planning, and especially employment channels fully respond to the employment confusion of graduate students. Fourth, in order to further expand the customer base and help the majority of students in the college entrance examination system find a new direction for studying abroad, the Blue Book has added the content of how students in the general high school system can apply for overseas famous universities at the same time without giving up the college entrance examination, and how to find opportunities to study abroad after the college entrance examination, so as to help the majority of families in the college entrance examination system sort out the direction of study and provide alternative plans for studying abroad.

To sum up, for parents and students, this is a study abroad guide that integrates readability, guidance, predictability, and reference.

Strength guarantee to create a new experience of study abroad service with professionalism

As an innovator and leader in domestic overseas financial services, China CITIC Bank has been providing visa fee collection services for United States Embassy since 1998, marking its official entry into the field of overseas financial services. In the past 26 years, China CITIC Bank has been deeply engaged in overseas financial services, taking the lead in building a full-customer, omni-channel and full-process overseas financial service system, becoming one of the pioneers in the domestic overseas financial business, and its overseas financial products and service matrix have served more than 24 million people and are deeply trusted by customers.

In recent years, China CITIC Bank has continued to expand its service boundaries and is committed to building a full-journey multi-scenario service platform, integrating the rights and interests of clothing, food, housing and transportation services such as study abroad planning, background improvement, insurance, travel strategy, car rental and rental, shopping, etc., to meet the needs of customers for full-cycle financial services for overseas travel, study abroad and consumption, so that overseas study families can feel the all-round service experience of China CITIC Bank "more than finance, beyond finance".

China CITIC Bank has demonstrated extensive influence and a deep foundation in the field of study abroad finance, and has created safe, fast and convenient financial solutions for study abroad families through a one-stop, professional and all-round financial service system for studying abroad. At the same time, we continue to innovate and expand in the field of overseas financial business, through digital transformation, cross-border financial service innovation and other efforts, continue to take customer needs as the core driving force, constantly innovate and optimize services, and are committed to providing more comprehensive, convenient, personalized and warm financial services for more families studying abroad.

On the occasion of the 26th anniversary of China CITIC Bank's overseas financial business, the overseas financial slogan of "If you want to go abroad, find CITIC" has been deeply rooted in the hearts of the people. The staff of China CITIC Bank reminds that if you encounter financial problems or need professional guidance in the process of preparing for studying abroad, you can call the customer service hotline of China CITIC Bank at 95558 at any time, and a professional team will answer your questions.

China CITIC Bank also revealed that on the morning of September 13, 2024, it will cooperate with the Beijing Municipal Education Commission and the Beijing Association for the Promotion of Science and Technology Education to hold the "CIFTIS Education Forum and China CITIC Bank Future Education Summit", and at the same time cooperate with many internationally renowned educational institutions to hold a future education forum to discuss new trends in international education development.