Is MS in Engineering Management Abroad Worth it if you are Already Earning well in India

    Updated on: 06 Sep 2023 16 min read

    Up for analysis in yet another article under our “Is it Worth Studying Abroad if You are Already Earning Well in India?” series is the financial worth of doing an MS in Engineering Management abroad. We have already covered four Master’s degrees in this series -  Mechanical Engineering, Computer Science,  Material Science, Chemical Engineering, Biotechnology, Aerospace and if you wish to assess the benefits of doing an MS in these courses, you could visit the links given.

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    Verdict: It will not be a wise decision on your part to opt for a Master’s in Engineering Management from Australia if you are already making around ₹ 25 lakhs from a job in India, since the NPV, in this case, is dreadfully negative. 

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    The US is the best country for masters in Engineering Management for a salary of INR 5-15 lakhs as the NPV figures are the highest in this case. You should consider the US for this salary bracket as the benefits after MS in Engineering Management from the US are immense as compared to any other country. If you are earning ₹ 5 Lakhs per annum in India, you may also choose to opt for MEM in Canada, Australia or Germany.
    You should stay back, continue to earn and save if you are already earning about ₹ 25 Lakhs a year while working in India since the NPV figures are negative regardless of country and university rankings. You would not benefit from doing MS in Engineering Management abroad in the long run and would only end up burning a hole in your pocket.
     However, the aforementioned analyses are only a guide. The final decision should be taken after a meticulous assessment of all the factors involved. It is highly advisable to take a good look at the Masters in Engineering Management Courses and select the course which perfectly suits your requirements before you decide upon what is the Best Place to study MS in Engineering Management for you.

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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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