Is MS in Chemical Engineering Worth It If You Are Already Earning Well in India?

    Updated on: 06 Sep 2023 13 min read

    This article is in continuation of our series “Is it Worth Studying Abroad if you are already earning well in India?” We’ve covered three Master’s degrees till now,


    Swing by to the linked blogs if those are the subjects of your choice. If you wish to pick up an MS in Chemical Engineering for Higher Education Abroad, Read Further.

    Is it Financially Worth Studying MS in Chemical Engineering Abroad?

    Going to the US for higher education is a serious investment. Opting for master’s degrees in Germany, Canada or Australia is no laughing matter either. Therefore, it makes sense to prudently consider if going abroad for further studies will be a fruitful endeavor. One way to find the answer is to use the estimate future earnings tool.

    It is using the tool that we answer the question – Is it a sound decision to quit your job (or give up a job offer) in India to study M.S. in Chemical Engineering abroad. The tool gives three values - NPV, IRR, and Profit and each of them helps make the decision.

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    Verdict:  Regardless of the ranking, getting a master’s degree in Chemical Engineering is not the correct decision if you are earning anywhere between INR 15 and INR 25 Lakhs in India. The NPVs are negative in all cases.

    Leave Your Job for M.S. in Chemical Engineering Abroad or Continue Working in India?

    If your country of choice is the United States, then choose MS in Chemical Engineering over your job as long as the pay is less than or equal to INR 15 lakhs. If you are thinking of studying in Australia or Canada, then pick master’s in science only if your salary is INR 5 lakhs. In the case of Germany, go for MS in chemical Engineering only in the following two instances - a) if you are earning a salary of INR 5 lakhs and getting admission in 1-500 ranking colleges and b) if you are earning INR 15 lakhs and the target college is among the top 50. 

    However, the aforementioned trends are only a guide; the final decision should be taken only after a careful assessment of all the factors involved.

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Written by Salil Singh

Salil has a deep interest in material pursuits and philosophy. He is very fond of Table Tennis and Badminton and can be found playing it at weekends.

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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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