Expert Advice: How to Budget for Your MBBS Studies in Philippines in 2024

MBBS Studies in Philippines

Studying in abroad is an excellent option due to the high competition in India for medical studies. There are only limited seats for MBBS, which makes admission difficult for everyone. If you are confused about which country to choose for MBBS abroad, then MBBS in Philippines is the best choice. Almost all medical colleges in the Philippines follow American Standard Medical Education, which makes it simple for students to study for the USMLE and Foreign Medical Graduates Exam (FMGE). The Philippines is an ideal destination for getting an MBBS degree. Medical degrees from the Philippines are acknowledged internationally. In this article, we will understand the benefits and MBBS fees in Philippines. 

1. Why Choose MBBS in Philippines? 

Studying MBBS in the Philippines is becoming an appealing option because of its excellent educational system, low expenses, and friendly learning environment. You will have to pay between INR 15L (PHP 10L) and INR 25L (PHP 17L) (approximately) for the complete course. In addition, you will need between INR 2L (PHP 140k) and INR 5L (PHP 350k) (approximately) for the cost of living in the country. English is the language of instruction in most universities like Cebu Institute of Medicine and AMA School of Medicine, which benefits many students in the learning process overall during the academic year.

  • Quality education with world-class facilities. 
  • The cost of living is affordable.
  • The Philippines is one of the largest English-speaking countries.
  • Most Universities in the country follow the US educational pattern, which benefits the students who want to take the USMLE exam.
  • Higher FMGE passing percentage.
  • Easy and simple admission process.
  • Almost every university in the country is recognized by WHO, NMC, FMCGE, and WFME.
  • Globally recognized degree.
  • No donation is required to study in top medical colleges in the Philippines.
  • No IELTS/TOEFL examinations are required. 
  • World-class medical technology.
  • Highly skilled and professional teachers.
  • PAASCU accreditation in the Philippines’ Medical Universities.
  • Good climate conditions. 

2. MBBS Degree in the Philippines: An Overview  

Degree awardedDoctor of Medicine (equivalent to MBBS)
Course duration6 years for the complete course (1 year of internship)
Medium of teachingEnglish
Eligibility criteria 50% or above in 12th with PCBQualified NEET score
Average fees 20 lacs to 30 lacs* 
Average cost of living 12k to 18k* (Depends upon student)
Recognition MCI, WHO, FAIMER, UNESCO, etc 
Recommended universities Cebu Institute of MedicineAMA School of Medicine

3. Expert’s Opinion On Studying in the Philippines 

1. Manage Your Pocket 

Tuition costs are an important element of your finances when pursuing your MBBS in the Philippines. Different institutions charge different costs, so it is a good idea to look into your possibilities. For example, the Cebu Institute of Medicine and the AMA School of Medicine are well-known for providing high-quality education at low prices. 

2. Additional Costs 

Don’t only focus on tuition while you’re calculating your overall costs. Your budget will include the cost of living, such as where you’ll stay and what you’ll eat. Don’t forget the expense of traveling, whether it’s taking the bus or obtaining a ride to class. Health is also important, so save aside some money for medical insurance to keep yourself protected. And, because you’re studying abroad, there will be visa costs to consider, as well as any other unforeseen expenses that may arise.

3. Budgeting Tips 

To effectively manage your expenditures, begin by preparing a detailed budget that includes all of your income and spending. Include important expenses like tuition and accommodation, as well as everyday necessities like food and transportation. Prioritize your necessities, ensuring that school tuition, housing, and textbooks come first. 

To save money further, try cooking at home by yourself (in case you have no mess), taking public transit, and buying used books. In addition, look for ways to supplement your income through part-time or freelance work while still pursuing your degree. To avoid overpaying, evaluate your budget regularly and alter it accordingly. By taking these measures, you can manage your funds better and focus on your academics without feeling stressed about money.

4. Conclusion

To summarise, studying MBBS overseas, particularly in the Philippines, is wise because of the few seats and tremendous competition in India. The Philippines provides high-quality education that meets American standards, making it easy for students to prepare for examinations such as the USMLE and FMGE. The low cost of living, English as a language of teaching, and globally recognized degrees all contribute to its popularity. With several reputable institutes and a simple admissions process, earning an MBBS in the Philippines is a practical and advantageous option for medical students.