Best student cities in the world 2021 ranked: from London to Seoul


Anam Rizvi
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Seoul and Tokyo are among the top five cities for university students, according to a new global ranking released on Wednesday.

The QS Best Student Cities Ranking, compiled by global higher education analysts Quacquarelli Symonds, compared 115 cities on indicators including desirability by students, affordability, diversity and employment opportunities after graduation.

London emerged as the world’s No1 city for students for the third consecutive year but, while the US and the UK previously dominated such lists, this year many Asian cities including Singapore, Kyoto, Osaka, Kobe, Beijing and Taipei were among the 30 best university cities.

Seoul, the capital of South Korea, climbed from 10th position in 2019 to third in the 2022 table.

The ranking is released ahead of the upcoming academic year. The 2021 list was withheld because of the Covid-19 pandemic.

In the 2022 report, many Asian cities are ranked ahead of American and European cities, including Dublin, which was 39th, Chicago at 41, Birmingham at 46, and Copenhagen at 49.

Tokyo was revealed as the most desirable location for students, with the highest employer activity too. Boston ranked second best for employer activity while Seoul was third.

QS best student cities ranking for 2022

1. London, UK

2. Munich, Germany

3. Seoul, South Korea, and Tokyo, Japan

5. Berlin, Germany

6. Melbourne, Australia

7. Zurich, Switzerland

8. Sydney, Australia

9. Paris, France; Montreal, Canada, and Boston, US

To be included in the ranking, each city must have a population of more than 250,000 and be home to at least two universities featured in the most recent QS World University Rankings.

Cities are assessed on a variety of factors, including the collective performance of its universities, diversity of students, desirability in terms of opportunities, pollution level, corruption, safety and employer activity. The list also compiles data from other independent indexes, including Numbeo, The Economist's safe cities and Mercer cost-of-living rankings.

The “student’s view” indicator is based on a student survey, which collected more than 85,000 responses worldwide.

The final rankings table is compiled based on a total score out of 100, which is calculated using individual scores out of 100 for each of the six indicators.

QS best student cities 2018-2022

Madhav Juneja, academic adviser at Crimson Education, a global education consultancy, said the results mirrored a trend of students increasingly choosing to attend universities in Asian cities, which is being helped by a high level of acceptance they receive as international students.

“In terms of accessing employment after studies, a lot of these Asian cities are best suited to serve students on that front,” he said.

“These Asian economies are top emerging ones and political and economical influence is only going to grow in the future.

“Students recognise that employers will place a premium on students who had an Asian education given the importance of markets like China, India and Singapore.”

Mr Juneja said parents were increasingly expressing interest in sending their children to universities in Seoul.

Tuition fees at a university in South Korea are about $5,000-$6,800 a year compared with about $20,000-$40,000 in the United States.

“For families that are price sensitive and are ambitious, these universities give value for money,” he said.

He said that since the pandemic, families have begun to value proximity over the previous trend of predominantly applying to universities in the US and Canada.

Students recognise that employers will place a premium on students who had an Asian education given the importance of markets like China, India and Singapore
Madhav Juneja,
Crimson Education

“Families are reluctant to send their children to a place which is a 10-hour flight away and there is more uncertainty involved,” Mr Juneja said.

QS spokesman Jack Moran said it was no surprise that Asian cities were highly ranked because they are some of the world’s top higher education centres, but that “traditional” university cities were still popular with students.

“Seoul and Tokyo are safe, offer great employment prospects, have lots of top universities, and score well for a range of other quality-of-life indicators, including corruption and liveability,” he said.

“However, it is still the case that most international students flock to a few key destination markets, including the UK, the US, Australia and Canada.

“While we have observed an increase in students studying in Japan over the last decade – at least pre-pandemic – this is more a consequence of the rapidly-growing international student market than it is a decline in the popularity of traditional destination markets.”

QS best student cities for 2022 according to main indicators

Mr Moran said that post pandemic, students are expected to want to move to affordable cities containing universities offering high quality of teaching, as well as generous scholarships and student subsidies, and a vibrant student population with plenty of cultural opportunities.

“Countries or locations that are able to open up more speedily to international students will stand a better chance of maintaining desirability,” he said.

“Australia, which is still maintaining strict border closures and has not yet implemented plans to reintegrate international students, is at risk of losing some of its market share to other markets – Canada, in particular.”

Cities in the Middle East featured on the list with Dubai ranked 65th, Abu Dhabi at 92, and Riyadh 96th.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)

Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)

Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)

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A new relationship with the old country

Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates

The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:

ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.

ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.

ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.

ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.

IN WITNESS WHEREOF the undersigned have signed this Treaty.

DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.

Signed

Geoffrey Arthur  Sheikh Zayed

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Updated: July 28, 2021, 10:31 AM