Is MS in Aerospace Engineering Abroad Worth It If You Are Already Earning Well In India

    Updated on: 06 Sep 2023 13 min read

    In yet another article under our “Is it Worth Studying Abroad if you are Already Earning well in India?” series, we will be investigating if leaving your present well-paying job or a promising offer to pursue an MS in Aerospace Engineering abroad is a financially viable move. We’ve covered four Master’s degrees till now in this series - Mechanical Engineering, Computer ScienceChemical Engineering and Material Science. You could refer to the given linked blogs if you plan to study any of these subjects, or you could read further if the course you are targeting at is a Master’s in aerospace engineering.

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    Verdict - NPV, IRR and Profit values for students having salaries between INR 15 and 25 lakhs are negative for Australian colleges of all rankings. It is therefore advisable for them to keep working in India rather than studying MS AE in Australia. 

    Conclusion - The discussion above clearly shows that pursuing a Masters in Aerospace Engineering course from US, Canada, Germany, and Australia is only a wise decision for those Indian students who are currently earning INR 5 lakhs in India. Those earning INR 15 lakhs in India can also pursue an MS in Aerospace Engineering from US colleges ranked till 500 as the profit for these colleges is high too. However, students who earn more than INR 5 lakhs in India should shelve their plans of pursuing an MS in AE from Germany, Canada, and Australia and continue working in India. 

Written by Yogender Panchal

Yogender is a tech enthusiast with specialization in digital marketing. He is currently working at Gyandhan a leading company which provides Education Loan who are studying Abroad. Playing Volleyball, driving a car, traveling, researching new online marketing trends are some of his interest areas that keeps his rejuvenated.

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Reviewed by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.

Specializes in:
Education loan , Study Abroad Admissions

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