Answer To: Assignment 3 SpecificationsPurpose:This unit aims to give you an opportunity to combine many facets...
Amar answered on Sep 24 2021
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Running Header: HI6008 Business Research Project – Assignment 3 – The Financial hurdles by International Students in Australia
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HI6008 Business Research Project – Assignment 3 – The Financial hurdles by International Students in Australia
HI6008 Business Research Project – Assignment 3 – The Financial hurdles by International Students in Australia
Table of Contents
Introduction 3
Research Methodology 5
Research Design 5
Research Methods 6
Data Collection & Sampling 7
Survey & Interview Questionnaire 8
Data Analysis 9
Limitations 9
Ethical Considerations 9
Expected Outcomes 10
Conclusion 10
References 11
Appendices 13
Appendix 1 – Survey Questionnaire 13
Appendix 2 – Interview Questionnaire 14
Introduction
International students who come from many different nations and who undertake their studies at universities in countries apart from their home nation, could face various problems including financial problems on account of their need to spend money for education fees, living expenses, and other affiliated expenses (Watson et al. 2015; Sa and Sabzalieva 2018; Solis and Ferguson 2017). The focus of this report shall be financial hurdles faced by international students in the context of Australia, and in this aspect, financial problem shall pertain difficulties which seem to be faced amongst international students for maintaining their various basic expenditure like food, transportation, accommodation, books, etc. on account of insufficient levels of financial resources (Watson et al. 2015; Sa and Sabzalieva 2018; Solis and Ferguson 2017). The same could be caused on account of various reasons, both internal as well as external. Internal factors could be ineffective management of personal money, absence of funding / money support, spending habits that are inappropriate, etc. Th external factors could include the predatory business practices of universities, the cost of living in a city, etc. One of the affiliated trends in this context is that some of the universities in Australia are pursuing a gamble to the proportion of multi-billion dollars for targeting higher risk / higher reward growth strategy which could also be contributing to the financial burdens. The revenues of many Australian universities have boomed in recent times (Watson et al. 2015; Sa and Sabzalieva 2018; Solis and Ferguson 2017).
This background represents a basis or problem area to pursue the research, and the specific focus of the study shall be by way of the following research questions that are identified –
· What are various problems which are faced amongst international students pursuing business studies while seeking appropriate jobs in Sydney, Australia?
· How are international students pursuing business studies coping and managing huge express irrespective of the working hours which is limited?
· What are various problems which are faced amongst international students pursuing business studies on account of varied and myriad rules / restrictions established by Australian government?
Some of the key elements for deciding to narrow this research specific to international students pursuing business studies in Sydney is that Sydney and business studies represent the largest group which encapsulates the major portion of international students in Australia (Mackaway et al. 2017; Jevons and Lindsay 2018; Arber and Rahimi 2015). Targeting this population shall aid in validity and generalizability of the study of findings easily. The specific trends and facts supporting the same are as discussed. International students in essence account for about ~25 per cent concerning all of the students across the campuses of Australian universities (Mackaway et al. 2017; Jevons and Lindsay 2018; Arber and Rahimi 2015). None of public universities in United States holds this level of high proportions in international students to that of an average public university across Australia. In this context, studies find that international students consider Sydney to be desirable destination in pursuing their studies. It is remarkable to note that on a standalone basis University of Sydney was top in the country during the year 2017 for generating over half billion in Australian dollars as annual revenue by way of course fees from Chinese students (Brooker et al. 2017; Suri and Krishnan 2019).
Figure 1 – Sydney as Leading Destination for International Students (Ryan et al. 2016)
Further it has also been noted that business education to be leading choice of study amongst the international students in Australia.
Figure 2 – Business Education as Leading Choice of Study Amongst International Students in Australia (Ryan et al. 2016)
Research Methodology
Research Design
At the outset, this study aims to determine problems and coping mechanisms amongst specific target group with respect to a specific problem. The research method designed needs to effectively address the research questions, that is, [1] What are various problems which are faced amongst international students pursuing business studies while seeking appropriate jobs in Sydney, Australia? [2] How are international students pursuing business studies coping and managing huge express irrespective of the working hours which is limited? and [3] What are various problems which are faced amongst international students pursuing business studies on account of varied and myriad rules / restrictions established by Australian government?
On account of the research basis and the research questions being pursued, this study can be stated to be a explanatory research, representing an investigation over the occurrence and trends with respect to the financial hurdles faced by international students pursuing business studies in the context of Sydney, Australia, and in essence striving to determine the reasons and other factors affiliated to the same. An inductive approach shall be employed as the focus of the study shall be gather pertinent data, seek for patterns and basis, and then based on analysis arrive at the findings for the research questions identified (Bell et al. 2018; Sekaran and Bougie 2016; Quinlan et al. 2019; Antwi and Hamza 2015).
The research shall be qualitative in nature with the data collected and the data analysis undertaken being...