Both the US and the UK retain their top positions as a destination for study, reveals the Hurun Chinese Luxury Consumer Survey. They are followed by Australia and Canada. Surprising newcomer is New Zealand at not five, Hurun founder Rupert Hoogewerf tells in the PieNews.
The top five destinations for undergraduate and postgraduate study were the US, the UK, Australia, Canada and New Zealand, the survey by luxury publishing and events group Hurun Report shows.
This is the first year New Zealand has entered the top five, overtaking Switzerland.
“New Zealand breaking into the ‘Big 5’ shows how far it has come to building a global education programme, attracting many of China’s most successful families to send their children to study there,” commented Rupert Hoogewerf, the Hurun Report’s founder, chairman and chief researcher.
“New Zealand’s all-round education system is able to compete at the very highest levels in the world.”
Survey respondents also nominated their favourite study abroad education agencies, with BE Education voted the best high-end overseas study brand.
Hoogewerf noted that 80% of wealthy families in China now intend to send their children overseas. The average age for millionaires to send their children abroad for study is 16, while the average for billionaires is 18.
Now in its 11th year, the report is based on a survey of 376 Mainland Chinese ‘millionaires’, each worth RMB10m (US$1.6m) and with an average wealth of $6.8 million.
Finding a study destination is often a first step, followed by purchasing real estate and other investments, by wealthy Chinese. Are you interested in more experts on China´s outbound investments at the China Speakers Bureau? Do check our latest list.