Is MS in Biotechnology Abroad Worth it if you are Already Earning Well in India

    Updated on: 06 Sep 2023 13 min read


    In this article under our “Is it Worth Studying MS Abroad if you are Already Earning Well in India,” we will be assessing the financial worth of doing MS in Biotechnology abroad. We have already covered five MS courses, Mechanical EngineeringChemical Engineering, Computer ScienceAerospace Engineering and Material Science, in our series which you can check by clicking on the given links. However, if your desired course is MS in Biotechnology, stick around!

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    Verdict: If you are earning ₹ 25 lakhs from a job in India, doing MS in Biotechnology from Australia would mean squandering huge amounts of money for no gain (in fact loss in the long run!). The NPV is awfully negative regardless of college ranking. 

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    Conclusion

    It is time you started planning concretely if you are earning ₹ 5 lakhs per annum from a job in India and want a stimulant for your career. Doing an MS in Biotechnology abroad would be a very profitable investment in the long run. The best countries for an MS in Biotechnology for this current salary level would be first, the US for its exemplary NPV, IRR and profit values followed by Germany, Canada and Australia. 
    On the other hand, leaving your current job, sacrificing the salary for the entire duration of the course period and spending on a foreign degree would be an unwise option for you in the long run if you are earning in the range of ₹ 15 lakhs to ₹ 25 lakhs per annum from a job in India. The NPV figures are negative for Canada, Germany, and Australia. In the US too, MS in Biotechnology would only be marginally beneficial if you make it to a top 100 college.  



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Written by Madhuwrita Nandi

Reader, writer, music lover!


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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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