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Is MS in Civil Engineering Worth it if you are Already Earning Well in India?

Is MS in Civil Engineering Worth it if you are Already Earning Well in India?

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Is choosing MS in Civil Engineering abroad over your current job in India a financially sound move? Using our Estimate Earning Tools, we calculate the risks and returns involved in the investment.

GyanDhan
Madhuwrita Nandi
Updated on:  06 Sep 2023  | Reviewed By:  Aman  | 11.3K | 20  min read
 

This post is a continuation of our series “Is it Worth Studying Abroad if you are Already Earning Well in India?” We’ve covered four master’s degrees till now to assess the worth of studying abroad in this series:

Swing by the linked blogs if those are the subjects of your choice. If studying in the best country for master's in Civil Engineering is your chosen path, then read on. 

 

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Is it Financially Worth Studying MS in Civil Engineering Abroad?

The most critical aspect of studying abroad is the financial investment involved. Be it MS in the US or Germany or Canada or Australia, higher education abroad costs considerably. It thus makes sound sense to examine if opting for a master’s degree abroad will be a financially profitable endeavour or not. 

Though there are multiple ways to find the answer such as the scope of Civil Engineering in foreign countries and job opportunities after MS in Civil Engineering, the most suitable method is to calculate the future earnings in store. So to help you calculate, we have put our estimate future earnings tool to use to give you a detailed breakup of the estimated earnings after MS in Civil Engineering abroad.

The tool factors in a handful of assumptions like your tentative MS in Civil Engineering salary. Using the assumptions, it gives you three values:

  • list items NPV, Net Present Value, is the discounted difference between cash flowing in and cash flowing out over a given period of an investment. The higher the NPV of a college, the more beneficial choice it is.
  • list items IRR is the Internal Rate of Return. When comparing study destinations, the one with the higher IRR is preferable.
  • list items The profit which is self-explanatory.

Based on the values, one can ascertain if it is a feasible decision to quit your job (or give up a job offer) in India in favour of studying M.S. in Civil Engineering abroad. For a better understanding of our tool, terms, and standard assumptions, we highly recommend reading this post.

Below you’ll find the four most popular overseas education destinations– US, Germany, Canada, and Australia. Under each target country, four college rank groups with three salary levels are discussed. Scroll to the country where you’re thinking of enrolling for MS, your present Indian salary and the rank range within which your preferred college falls.

Look at the corresponding NPV and profit values to decide if resigning from your current job in India for M.S. in Civil Engineering abroad is a logical move or not.

In case your exact salary doesn’t match with the given figures, scan for the closest option and then extrapolate or go to our Estimate Future Earnings Tool. It provides a more accurate picture of the benefits and risks involved in enrolling for masters in science in civil engineering abroad as per your exact salary.

United States

For the Current Salary of INR 5 Lakhs in India:

1-50

  1.03 Crore  

60%

1.96 Crore

51-100

1.008 Crore

60%

1.91 Crore

101-250

1.011 Crore

63%

1.90 Crore

251-500

1.013 Crore

70%

  1.88 Crore  

Verdict:  If you are earning INR 5 lakhs per year right now or have a job offer with a similar salary, the most beneficial option would be to study MS in Civil Engineering in the US. The significantly high NPVs and profits prove that such an investment will yield huge profits. Since the NPVs and profits for all the colleges are at par, the ranking of the college does not result in any variation in the profits, implying that the investment is financially viable for colleges of all rankings.  

For the Current Salary of INR 15 Lakhs in India:

1-50

  (-)1.41 Lakh  

7%

₹ 24.71 Lakh

51-100

(-)4.24 Lakh

6%

₹ 19.29 Lakh

101-250

(-)3.95 Lakh

6%

₹ 18.70 Lakh

251-500

(-)3.76 Lakh

6%

  ₹ 16.18 Lak  

Verdict: As the above table shows, the NPVs for all college ranks in the US is negative. We would, therefore, advise you to chuck out MS in IT in the US from your plans and to continue working in India instead. 

For the Current Salary of INR 25 Lakhs in India:

1-50

  (-)1.04 Crore  

 Negative 

(-)1.45 Crore

51-100

(-)1.074 Crore

Negative

(-)1.50 Crore

101-250

(-)1.072 Crore

Negative

(-)1.51 Crore

251-500

(-)1.070 Crore

Negative

  (-)1.53 Crore  

Verdict: Any person with a yearly salary of INR 25 lakhs would be much better off in their current job in India than even in the best place to study MS in Civil Engineering in the US. The steeply negative NPV implies you’ll save more by staying in India.

Canada

For the Current Salary of INR 5 Lakhs in India:

1-50

  46.64 Lakh  

36%

97.63 Lakh

51-100

74.34 Lakh

76%

1.35 Crore

101-250

72.71 Lakh

76%

1.32 Crore

251-500

64.27 Lakh

69%

  1.18 Crore  

Verdict: Regardless of the college ranking, if your annual salary in India is INR 5 Lakhs, going for MS Civil Engineering in Canada is a great choice. The investment in studying in Canada will pay off really well as shown by positive NPVs. 

For the Current Salary of INR 15 Lakhs in India:

1-50

  (-) 58.42 Lakh  

  Negative  

(-)74.33 Lakh

51-100

(-) 30.72 Lakh

Negative

(-)36.38 Lakh

101-250

(-) 32.35 Lakh

Negative

(-)39.40 Lakh

251-500

(-) 40.79 Lakh

Negative

  (-)53.34 Lakh  

 

For the Current Salary of INR 25 Lakhs in India:

1-50

  (-) 1.61 Crore  

  Negative  

(-) 2.44 Crore

51-100

(-) 1.33 Crore

Negative

(-) 2.06 Crore

101-250

(-) 1.35 Cror

Negative

(-) 2.09 Crore

251-500

(-) 1.44 Crore

Negative

  (-) 2.23 Crore  

Verdict: For both INR 15 Lakh and INR 25 Lakh annual salary groups, the values of NPV, IRR, and Profit are negative. It is easy to conclude that quitting the existing job for MS in Civil Engineering in Canada is not a financially sound alternative.

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Germany

For the Current Salary of INR 5 Lakhs in India:

1-50

  85.65 Lakh  

103%

1.51 Crore

51-100

85.38 Lakh

110%

1.50 Crore

101-250

84.78 Lakh

114%

1.48 Crore

251-500

76.22 Lakh

103%

  1.34 Crore  

Verdict: If you’re wondering why to do a Masters in Civil Engineering from Germany when you are already earning INR 5 Lakhs per year in India, stop. All four college rank groups have an exceptionally high rate of return. You will enjoy a solid profit by choosing MS in Germany.

For the Current Salary of INR 15 Lakhs in India:

1-50

  (-) 19.41 Lakh  

  Negative  

(-) 20.51 Lakh

51-100

(-) 19.69 Lakh

Negative

(-) 21.91 Lakh

101-250

(-) 20.28 Lakh

Negative

(-) 23.45 Lakh

251-500

(-) 28.84 Lakh

Negative

  (-) 37.47 Lakh  

For the Current Salary of INR 25 Lakhs in India:

1-50

  (-)1.226 Crore  

  Negative  

(-)1.90 Crore

51-100

(-)1.229 Crore

Negative

(-)1.91 Crore

101-250

(-)1.23 Crore

Negative

(-)1.93 Crore

251-500

(-)1.32 Crore

Negative

  (-)2.07 Crore  

Verdict: For compensation between INR 15 and 25 lakhs annually, the tables visibly indicate that the fruitful course of action is to carry on working in India. The negative NPV, IRR and Profit values demonstrate that enrolling for MS in Civil Engineering in Germany is not the right move.

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Australia

For the Current Salary of INR 5 Lakhs in India:

1-50

  62.77 Lakh  

45%

1.24 Crore

51-100

65.32 Lakh

50%

1.27 Crore

101-250

65.31 Lakh

51%

1.26 Crore

251-500

58.72 Lakh

48%

  1.14 Crore  

Verdict: A sufficiently positive NPV and a good profit for all Australian colleges imply that MS in civil engineering, in this case, is a high-yielding option. If your current job pays INR 5 Lakhs per year, then do go for MS in Australia.

For the Current Salary of INR 15 Lakhs in India:

1-50

  (-)42.29 Lakh  

  Negative  

(-)47.38 Lakh

51-100

(-)39.74 Lakh

Negative

(-)44.86 Lakh

101-250

(-)39.75 Lakh

Negative

(-)45.63 Lakh

251-500

(-)46.34 Lakh

Negative

  (-)57.00 Lakh  

For the Current Salary of INR 25 Lakhs in India:

1-50

  (-)1.45 Crore  

  Negative  

(-)2.17 Crore

51-100

(-)1.42 Crore

Negative

(-)2.14 Crore

101-250

(-)1.43 Crore

Negative

(-)2.15 Crore

251-500

(-)1.49 Crore

Negative

  (-)2.26 Crore  

Verdict: In case you earn anywhere between INR 15 and 25 lakhs in India annually, then stick with the job instead of going to Australia to study MS in Civil Engineering. No college in Australia offers for these salary levels a better return as proven by negative NPV and profit above.

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M.S. in Civil Engineering from Abroad or Work in India: Which Choice to Make?

Choose a high paying career (read: salary northwards of INR 15 Lakh) in India over Masters in Civil Engineering courses overseas. You’ll end up with a thicker financial cushion by staying in your current job. On the other hand, if you’re earning only INR 5 lakhs a year in India, then the monetary benefits after MS in Civil Engineering abroad are colossal. Please bear in mind that the numbers above are merely a basic guide. The final decision should always be based on a thorough assessment of all factors.

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