Great question! Calculating ROI (Return on Investment) for studying in Ireland is an important consideration for parents. Here’s a step-by-step guide to help you evaluate the ROI for your child’s education in Ireland:

---

1. Calculate Total Investment

A. Tuition Fees

- Undergraduate Courses: €9,000 – €25,000 per year (varies by course and university)
- Postgraduate Courses: €9,000 – €35,000 per year
Check the specific university/course for exact fees.

B. Living Expenses

- As per Government of Ireland: Approx. €10,000 – €12,000 per year
(Includes accommodation, food, travel, utilities, etc.)

C. Other Costs

- Visa Application Fee: ~€60
- Health Insurance: €500 – €600/year
- Flight Tickets: €500 – €1,000 (one way)
- Miscellaneous: Books, personal expenses, etc.

Example Calculation (1 Year Master’s Program):

- Tuition: €15,000
- Living: €12,000
- Other costs: €2,000
Total Investment: €29,000 (approx.)

---

2. Estimate Earning Potential After Graduation

A. Average Starting Salary

- Graduate starting salaries in Ireland: €30,000 – €45,000 per year (varies by industry and degree)
- High-demand sectors (IT, Engineering, Pharma): Salaries may be higher

B. Post-Study Work Opportunities (PSW)

- Up to 24 months stay back for Master’s degree holders
- Opportunity to work full-time and gain international experience

---

3. Factor in Part-Time Work During Studies

- Students can work up to 20 hours/week during term and 40 hours/week during holidays
- Average part-time earning: €10 – €12/hour
Potential to earn €7,000 – €10,000 per year to offset living expenses.

---

4. Calculate Breakeven Period

Breakeven = Total Investment ÷ (Net Annual Earnings after Graduation)

Example:
- Total Investment: €29,000
- Starting Salary: €35,000/year (gross)
- After tax (approx. 20-25%), net salary: ~€26,000–€28,000/year

Breakeven Period:
- About 1 to 1.5 years of working in Ireland post-graduation

---

5. Consider Long-Term Benefits

- International work experience
- Potential for Permanent Residency (PR) in Ireland
- Global career opportunities
- Enhanced profile for future jobs in India or abroad

---

6. ROI Formula (Simplified)

ROI (%) = (Total Expected Gains – Total Investment) / Total Investment × 100

Example:
If your child earns €80,000 over 3 years post-study, after investing €29,000:
ROI = (€80,000 – €29,000) / €29,000 × 100 ≈ 175%

---

Pollster Education Support

If you’d like a personalized ROI assessment based on your child’s profile, course, and career goals, our experts at Pollster Education can help!
Contact us: