This paper examines migration for studying on a global level and in Hungary as well. It deals with those who are older than 14 and stay abroad for a period longer than three months. Further important criteria are entering the given country and receiving residence permit for a period longer than three months. The paper gives an overview of the international processes: international migration with the purpose of studying abroad is an increasing phenomenon in accordance with globalisation, demographic changes, the mainly economic interests of countries of departure and destination, those of multinational companies and individuals taking part in these kinds of migratory flows. The paper summarises the advantages and disadvantages of this process from the different actors’ points of view: one can mention disadvantages (the dangers of brain-drain) besides advantages (economic and cultural relations, the possibility of economic development) mainly from the point of view of the countries of origin. Having become a place of destination, Hungary has been characterised by a two-way migratory flow for a while. First of all, European students arrive in the country, and at least two thirds of them are ethnic Hungarian coming from the neighbouring countries. Hungary is at a turning point at present. The importance of human investment has become clear for individuals as the government has stopped supporting different areas of the economy. The deteriorating economic perspectives create a push for young people to study in foreign countries.