101-250 /* It gives you an NPV figure based on your We request users to evaluate the services and products and make informed decisions based on the requirement that they have on hand and encourage users to interact with service providers for further disclosures. so there is less expanses in germany then USA. Verdict: NPV, IRR, and Profit are on the negative side for the salaries around 15 and 25 lakhs in India. #table9 td:nth-of-type(2):before { content: "NPV"; } If the NPV is positive, it’s great. are the top countries to pursue ones dream of studying for a MS degree in 26 Lakhs Verdict: For those with a salary of INR 25 lakhs per year, it is not a good decision to leave your job in India and go to the US to study MS in ME. Some of the top Universities are: Explore your study abroad career options by logging on to Kenznow Bridge and get access to unbiased study abroad advisory. Negative   46.64 Lakhs   101-250 (-) 1.99 Crores Expect Germany which country is best to study & for better career growth. IRR 4) United Kingdom: Masters in UK is advantageous for students because the duration of MS is shorter than any other country and you will graduate earlier. #table10 td:nth-of-type(1):before { content: "Profit"; } Six … 251-500 Profit 51-100 IRR Hence, it is important to choose the place to study wisely before applying.   (-) 1.14 Crores   In the Estimate Future Earnings tool, you can change this input.     (-) 40 Lakhs For Current Salary of 15 lakhs (India) 101-250 The UK has 28 top mechanical engineering universities, the highest number apart from the US. padding-right: 10px; More and more students now prefer Canada to pursue higher studies. This article focuses on one field - MS in Mechanical Engineering. (-) 8 Lakhs Program Details: The Department of Mechanical and Aerospace Engineering at Missouri S&T, recently celebrating the centennial (established in 1916 as the Department of Mechanical Engineering), provides an online MS in Mechanical Engineering degree with both a thesis and a non-thesis option. width: 45%; 4) Germany: The German Universities provide subsidized education to students. Even if your course is taught in English, you still require a good knowledge of the language as communications outside of class will be in German. Verdict: Engineers earning around 5 lakhs in India, if you get an opportunity to study in Australia in the colleges ranking between 1-500, you must go for it. Net Present Value is used to calculate the total of all cash flows (in and out) that are directly connected to a project. 90 Lakhs Victoria is the strongest of the largest engineering markets followed by Tasmania and Queensland. #table5 td:nth-of-type(1):before { content: "Profit"; } 1.42 Crores #table5 td:nth-of-type(2):before { content: "NPV"; } That said, the numbers are just a guide. The one factor that typically matters the most is monetary returns, especially because an education abroad comes with substantial weight on the pocket. /* Behave like a "row" */ 75 Lakhs display: block; Label the data

Expense

A zero NPV means you get your original investment back plus the required rate of return. Now that you have a basic grasp of the assumptions, we move on to answering the original question. Still Confused? #table6 td:nth-of-type(1):before { content: "Target College Global Rank"; } Verdict: NPV, IRR, and Profit are on the negative side for the salaries around 15 and 25 lakhs in India. Fill this form and get personalized help from an admission expert #table9 td:nth-of-type(1):before { content: "Target College Global Rank"; } (-) 1.5 Crores What’s NPV? In any country Please select Study mode. Profit is self-explanatory. 101-250 101-250 Top 6 international scholarships for Indian students to study abroad, All you need to know about WES Evaluation, Is studying MS in Material Science in US Worth it, Is Studying MS in Material Science in Canada Worth it, Is Studying MS in Material Science in Germany Worth it, Is Studying MS in Material Science in Australia Worth it, ← Is MS in Material Science Abroad Worth it, Is MS in Computer Science Abroad Worth it →, Evaluate your chances of getting into a college, First Floor, 262, Westend Marg, Saiyad Ul Ajaib Extension, Saket, New Delhi, Delhi 110030.   (-) 86.20 Lakhs   49% N.J.Ferdinand 2.5 Crores The final decision should be taken after considering all factors. The number of opportunities opening up after studying abroad is one way to decide if it's worth leaving your current (or potential) job and applying to universities abroad for further studies. (-) 1 Crore The NPV is exceptionally negative. So, it is essential to keep in mind that the kind of school and MS program you attend also have brand associations that can help open doors based on the school's reputation. It is highly important to choose the right country and the university as well.   Negative   They are: The loan repayment term is taken to be 5 years. Following are the top countries to pursue ones dream of studying for a MS degree in Mechanical engineering abroad. Trends also show a positive bent and mechanical engineering salaries in 2017 have increased by a whopping $25000 as compared to mechanical engineering salaries 2016 that stood at a $64,695 per annum. MS is one of the most sought-after courses today because of the weight it carries on your resume. #table7 td:nth-of-type(2):before { content: "NPV"; } 267 of the 47,222 Mechanical Engineering diplomas awarded last year were given by schools in Mississippi.   (-) 1.19 Crores     Target College Global Rank   1.6 Crores padding-left: 50%; 251-500 (-) 1.1 Crores It means if you are earning INR 5 lakhs per year right now but get the option to study MSME in the US, you should definitely choose to go. The University of Toronto, McGill University and the University of British Columbia lead the charts when it comes to the Best Universities in Canada for MS in Mechanical Engineering. 51-100   td { border: solid 1px ; } It means if you are earning INR 5 lakhs per year right now but get the option to study MSME in the US, you should definitely choose to go. To answer this question, we utilize our estimate future earnings tool. It means if you are earning INR 5 lakhs per year right now but get the option to study ME Masters in Canada you should definitely choose to go. This is also relevant for students / young professionals who have a job offer in India. Website Points: 6 Southern Methodist University's Lyle School of Engineering educates more than 1,000 graduate students every year. (-) 43.53 Lakhs It is the extra savings you make by choosing to study abroad and working there. To know if it makes sense for you to leave your job in India and study MS in Mechanical Engineering abroad, scroll down to the global rank your target college falls within and then to your salary figure. 51-100 @media The investment will be highly profitable. IRR #table3 td:nth-of-type(2):before { content: "NPV"; } 101-250 Germany is the second most popular place for pursuing MS in mechanical engineering. /* Hide table headers (but not display: none;, for accessibility) */   (-) 11 Lakh  s td { border: solid 1px ; } 1.19 Crores 251-500 For the Current Salary of 15 lakhs (India). United States. That said, the numbers are just a guide. (-) 30 Lakhs The IRR, NPV, and profit shown are for 10 years after the completion of the moratorium period when the repayment of the loan starts.   Although German universities offer an economically viable option of studies for international students, the reason why it takes the second place is a language barrier. Several universities in South Korea are opening new international campuses to meet the growing demand on International students. Some of the top Universities in Canada are: One needs to prepare for IELTS to get into any of the colleges abroad. } #table11 td:nth-of-type(1):before { content: "Target College Global Rank"; } As one of the richest nations in Europe, the United Kingdom education also boasts its prowess in engineering education. Verdict: It is clearly visible that NPV, IRR and Profit values for the salaries 15 and 25 lakhs in India are completely negative and in such a case, it will not be a prudent decision to go for Mechanical Engineering masters in Germany.   For the US, Canada, Germany, and Australia, the expenses increase by 3% and for India, by 5% every year. For the Current Salary of 5 lakhs (India) Profit is self-explanatory.   What You Will Get: An Opportunity Analysis. The question up for debate is not “should you go abroad for MS in Mechanical Engineering?” It is, “Is it worth studying MS in Mechanical Engineering abroad if you’re already earning well in India?” And that’s what we’ll help you decide. Verdict: If you are earning INR 15 lakhs per year right now, it still makes sense financially to study MS in Mechanical Engineering from the US in colleges ranking between 1 and 250 as NPV, IRR, and Profit, in this case, are positive. It will not be a good decision to go to Canada for higher studies in this situation. Read Also - Is studying MS in Material Science in US Worth it Investment in education and research has been at the heart of the South Korea’s growth into the world’s 11th largest economy and the fourth largest economy within Asia. Read Also - Is Studying MS in Material Science in Canada Worth it #table11 td:nth-of-type(2):before { content: "NPV"; } This is also relevant for students / young professionals who have a job offer in India. ← Is MS in Material Science Abroad Worth it   Is MS in Computer Science Abroad Worth it →. Max width before this PARTICULAR table gets nasty   Profit 1-50 Indian Students also prefer US as a destination as it provides high quality of education, scholarships, job opportunities and lot of other Indian students are there for company. Ranked in 2020, part of Best Engineering Schools. (-) 1.1 Crores The Internal Rate of Return is the discount rate that makes the NPV of all cash flows from a particular project equal to zero. (-) 1.8 Crores 51-100 There are 14 German universities known for their mechanical engineering ranking, out of which six appear in the world’s top 50 university rankings. 6% Kenznow is here to assist you to choose the best country and university suited for studying MS in Mechanical Engineering Abroad. The country consists of 16 states, and its capital and largest city is Berlin. (-) 30 Lakhs #table6 td:nth-of-type(3):before { content: "IRR"; } 1.42 Crores Read Also - Is Studying MS in Material Science in Australia Worth it. #table1 td:nth-of-type(1):before { content: "Profit"; } (-) 7.7 Lakhs For every year, for a given country and college group, we calculate (a) net savings in both India and the target country by subtracting the expenses (including income tax and loan repayments) from income, then (b) convert the foreign savings into INR, and finally (c) calculate the difference between the two net savings. 1-50 (-) 35 Lakhs Verdict: If you are earning INR 15 lakhs per year right now, it still makes sense financially to study MS in Mechanical Engineering from the US in colleges ranking between 1 and 250 as NPV, IRR, and Profit, in this case, are positive. With a Master’s in Mechanical Engineering degree you will be prepared for a career at the ... To earn a MS in Electrical Engineering degree you will spend the first full year taking advanced classes in digital ... Michigan Tech’s College of Engineering is consistently ranked among the top 10 best in the country.   Target College Global Rank     #table12 td:nth-of-type(2):before { content: "NPV"; } The US has most number of top mechanical engineering schools.   IRR     (-) 1.77 Crores   Negative He is having a score in GRE 295 and Tofel 89. can you guide me which best university in US he can get to do his MS with job opportunity. Germany, officially the Federal Republic of Germany, is a federal parliamentary republic in western-central Europe. #table7 td:nth-of-type(3):before { content: "IRR"; } The universities in the US are ranked the best for mechanical engineering; and if you are just looking at the quality of education, you should look at the US.   border-bottom: 1px solid #eee; An oversimplified way of explaining NPV is this formula: 47% Mobile Number 251-500 Profit Current Salary Nov 27, Published date: 24 Aug 2019 Share. Knowledge is a qualitative factor. The engineering program boasts an 11:1 student-to-faculty ratio. Read Also - Is Studying MS in Material Science in Australia Worth it 5) South Korea: Out the top 100 universities for mechanical engineering, South Korea is home to seven out of which three are among the top 50. Most full-time Master in Mechanical Engineering programs last two years, while part time, online or distance learning study options are available and may influence the length of time required to complete the degree. That is one reason why most students prefer the US as learning the German language also requires some time. For the Current Salary of 25 lakhs (India). They are: Now that you have a basic grasp of the assumptions, we move on to answering the original question. Profit 2.2 Harvard University To get a more granular answer, you can use our tool. Verdict: The NPV is positive and also very high for all rankings. Negative For Current Salary of 25 Lakhs (India) #table8 td:nth-of-type(1):before { content: "Profit"; } 8 Lakhs Source: Bharat in Germany! #table11 td:nth-of-type(3):before { content: "IRR"; } (-) 2.5 Crores #table11 td:nth-of-type(1):before { content: "Profit"; } Verdict: The NPV is positive and also very high for all rankings. 251-500 111% (-) 15 Lakhs How Does the Tool Find Out? IRR Applicants to Master in Mechanical Engineering programs must have completed a bachelor's degree with a major in Engineering or a closely related field. As you read on, you’ll notice two more figures given next to NPV - IRR, and Profit. } 74 Lakhs You may also check the Year 2019 top 5 countries for Studying MS right here. Indian Students also prefer US as a destination as it provides high quality of education, scholarships, job opportunities and lot of other Indian students are there for company.   (-) 2.05 Crores   (-) 1.31 Crores   td { border: solid 1px ; }   Negative     (-)4.3 Lakhs   Following are the top countries to pursue ones dream of studying for a MS degree in Mechanical engineering abroad. 1-50 (min-device-width: 768px) and (max-device-width: 1024px) { 101-250   IRR   US University rankings for Master of Science in Mechanical Engineering(MS in Mechanical) and PhD program. (-) 1.27 Crores Read Also - Is Studying MS in Material Science in Germany Worth it. But it Financially Worth it to Study MS in ME Abroad? 1 Answers. 2.11 Crores   In our calculations, we have accounted for all standard factors and made standard assumptions. 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