Negative   Yogender is a tech enthusiast with specialization in digital marketing. Check out the university comparison at Kenznow Study Abroad.   #table5 td:nth-of-type(1):before { content: "Target College Global Rank"; }   Target College Global Rank   Students love Kenznow, check out the Kenznow Ratings given by students. #table12 td:nth-of-type(1):before { content: "Profit"; } The one factor that typically matters the most is monetary returns, especially because an education abroad comes with substantial weight on the pocket. 101-250 Mechanical Engineering is a popular major and Mississippi is the 39th most popular state for students studying this major. (-) 77 Lakhs If the NPV is positive, it’s great. 51-100 6% The university offers MS in Aerospace and Mechanical engineering with most modern topics in the curriculum like Combustion, Combustion Theory, Fluid Mechanics, and Structural Materials. (-) 51.99 Lakhs   (-) 10 Lakhs United Kingdom (UK) How about study engineering with the Royalties. Verdict: NPV, IRR, and Profit are on the negative side for the salaries around 15 and 25 lakhs in India. For Current Salary of 15 lakhs (India) 1,00,81,483 NPV 65 Lakhs The living expenses such as rent, utilities, car, fuel, insurance, food are averaged as per the country and taken from standard sources. Negative It is a time-weighted measure of return, used by most financial analysts over the world. A zero NPV means you get your original investment back plus the required rate of return. Therefore, use the numbers we’ve given above for assistance. What’s NPV? Every alternate year, he/she gets a promotion which leads to a 10% increase in the salary. Verdict: The NPV is not only positive but also very high for all rankings. Thanks. They are: (-) 29 Lakhs display: block; I have scored 5.6 CGPA in B.Tech in ME and 6 band in IELTS. What You Will Get: An Opportunity Analysis. Negative Profit is self-explanatory. td { border: solid 1px ; } 1.1 Crores But it Financially Worth it to Study MS in ME Abroad? /* Fill this form and get personalized help from an admission expert. Applicants to Master in Mechanical Engineering programs must have completed a bachelor's degree with a major in Engineering or a closely related field. IRR   Target College Global Rank   51-100 90 Lakhs 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. 1.3 Crores #table9 td:nth-of-type(3):before { content: "IRR"; } Following are the top countries to pursue ones dream of studying for a MS degree in Mechanical engineering abroad. There are several countries where one can achieve #table5 td:nth-of-type(1):before { content: "Profit"; }   For Current Salary of 15 lakhs (India) The investment will be highly profitable. 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. You may also check the Year 2019 top 5 countries for Studying MS right here. #table3 td:nth-of-type(3):before { content: "IRR"; } It is the extra savings you make by choosing to study abroad and working there.   118%   Verdict: NPV, IRR and Profit values for the salaries of 15 and 25 lakhs are highly negative.   Negative   In the case of the US, Canada, Germany, and Australia every year, an employee gets a 2% rise in the salary as an increment. 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. position: absolute; Profit   1.15 Crores   The table above vividly depicts the positive values of NPV, IRR, and Profit for 10 years. Every alternate year, he/she gets a promotion which leads to a 10% increase in the salary. #table9 td:nth-of-type(1):before { content: "Profit"; } With so many choices it can be a challenge finding the right fit. Negative If the NPV is negative, then it is not so good. Negative   Mechanical engineering abroad. NPV td { border: solid 1px ; } Sabrina C 3 years ago. Source: Bharat in Germany! @media Verdict: NPV, IRR, and Profit are on the negative side for the salaries around 15 and 25 lakhs in India. 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. Politecnico di Milano has climbed 10 places to seventh, while the Delft University of Technology in the Netherlands has improved by nine places to now rank fourth. A zero NPV means you get your original investment back plus the required rate of return. The Canadian Universities are nowadays gaining importance. IRR #table10 td:nth-of-type(2):before { content: "NPV"; } 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. (-) 1.34 Crores 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. In the coming weeks, we’ll give similar analyses for the other fields as well. This helps them to save a lot of money. For the US, Canada, Germany, and Australia, the expenses increase by 3% and for India, by 5% every year. Happy to solve your query, talk to us Now. We endeavour to provide relevant and correct information about product or services but in any case they are not recommendations from Kenznow. 51-100 You will be better off working in India than studying in Australia if you are earning around these salary denominations. The best mechanical engineering degree will be one that fits your budget, timeframe, and career goals. Profit 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. #table8 td:nth-of-type(2):before { content: "NPV"; } 251-500 Mechanical engineers work with machines and engines, from elevator technology to robotics. #table12 td:nth-of-type(1):before { content: "Target College Global Rank"; } In very simple words, if you invest X amount of money to go to the US, Germany, Canada, and Australia for MS in Mechanical Engineering, will it yield a net profit in the long run? 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. 101-250 Forex rate treatment: We have considered the current currency exchange rates of the targeted abroad countries’ currency and INR, and also accounted for the expected changes in the forex rates using. 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. 51-100 #table5 td:nth-of-type(3):before { content: "IRR"; } Last Few Words 8 Lakhs (-) 1.4 Lakhs Due to the huge number of colleges in the US, Canada, Germany and Australia, and varying Indian salaries, we’ve created categories. #table1 td:nth-of-type(3):before { content: "IRR"; } MS is one of the most sought-after courses today because of the weight it carries on your resume. Name Negative The loan repayment term is taken to be 5 years. 40% The US has most number of top mechanical engineering schools. For MS in Mechanical engineering Germany is better than USA. (-) 47 Lakhs   (-) 1.14 Crores     (-) -1.12 Lakhs   63%   IRR   3) China: Out the top 100 universities for mechanical engineering, China is home to seven out of which four are among the top 50.   2.42 Crores   The criteria for choosing an MS College should be based kee… What is SAT test and how to prepare for it? Read Also - Is Studying MS in Material Science in Australia Worth it. (-) 1.61 Crores You may share your queries with Kenznow or email us at now@kenznow.com. An oversimplified way of explaining NPV is this formula: You would earn and save much more by continuing to work in India. 74 Lakhs It means if you are earning INR 5 lakhs per year right now but get the option to study MSME in Germany, you should definitely choose to go. 61 Lakhs 251-500 Negative 251-500 Verdict: The NPV is not only positive but also very high for all rankings. If it’s not the subject of your choice, don’t worry. For Current Salary of 5 Lakhs (India)  Some of the top Universities in USA are: 2) Germany: The German Universities provide subsidized education to students. (-) 30 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. Knowledge is a qualitative factor. So Germany is Better than Usa for Ms in Mechanical BEST OF LUCK. Chosen Field of Study  #table7 td:nth-of-type(2):before { content: "NPV"; } Label the data

Expense

Global Rank of the College Applied to The Internal Rate of Return is the discount rate that makes the NPV of all cash flows from a particular project equal to zero. This query will take effect for any screen smaller than 760px */ Find out why they admit less than 100 students each year. In the coming weeks, we’ll give similar analyses for the other fields as well. #table11 td:nth-of-type(1):before { content: "Target College Global Rank"; } If it’s not the subject of your choice, don’t worry. #table12 td:nth-of-type(2):before { content: "NPV"; } One of them is the country from which you would want to pursue your MS, as you would be spending a good number of years in the country you choose. The country consists of 16 states, and its capital and largest city is Berlin. In any country Please select Study mode. Some of the top Universities in Germany are: 3) Canada: Out the top 100 universities for mechanical engineering, Canada is home to 13 out of which two are among the top 50.   Target College Global Rank   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. Profit 76% Verdict: NPV, IRR, and Profit are positive and very high for all rankings. 251-500 #table7 td:nth-of-type(1):before { content: "Profit"; }   Buy this Stanford University Hoodie Online .   You may share your queries with Kenznow or email us at now@kenznow.com. United States   (-) 69.66 Lakhs The best place to pursue MS in mechanical Engineering is undoubtedly US. For India, the corresponding numbers are 7% and 20%. 1) USA: United States is one of the most preferred destinations for higher studies. 1-50 (-) 2.5 Crores List of Top 50 Mechanical Engineering Universities in US The following table enlists the top 50 Universities in US for Mechanical Engineering graduation degree program along with … 1,87,31,931 94 Lakhs Current Salary #table2 td:nth-of-type(1):before { content: "Profit"; } 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. (-) 1.8 Crores   Target College Global Rank   #table1 td:nth-of-type(1):before { content: "Target College Global Rank"; } (-) 2.33 Crores (-) 1.54 Crores #table8 td:nth-of-type(1):before { content: "Target College Global Rank"; } It is highly important to choose the right country and the university as well. padding-right: 10px;   (-) 40 Lakhs   For Current Salary of 5 lakhs (India)  Following Average investment equals to the total of the average tuition fee of the universities falling under a rank bracket and the corresponding average off-campus living expenses. 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. This is also relevant for students / young professionals who have a job offer in India. 51-100 51-100 Profit is self-explanatory. /* Top/left values mimic padding */   1.13 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. For each target country, we will discuss four college rank groups each for three salary levels. (-) 40 Lakhs 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. There are 6 German universities known for their mechanical engineering ranking, out of which four appear in the world’s top 50 university rankings. 22% (-) 1.7 Crores (-) 1.5 Crores 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.   Target College Global Rank   Forex rate treatment: We have considered the current currency exchange rates of the targeted abroad countries’ currency and INR, and also accounted for the expected changes in the forex rates using forward rates for 10 years. #table11 td:nth-of-type(1):before { content: "Profit"; } 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. 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.   97 Lakhs   #table7 td:nth-of-type(3):before { content: "IRR"; }   Target College Global Rank   The investment will be highly profitable. Profit The engineering program boasts an 11:1 student-to-faculty ratio. IRR The NPV is exceptionally negative. 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. But if you get admit from a college ranking between 251 and 500, it is not a very favorable proposition as the NPV is negative. To answer this question, we utilize our estimate future earnings tool. Negative Some of the top Universities in USA are: Explore your study abroad career options by logging on to Kenznow Bridge and get access to unbiased study abroad advisory. Hi, My GRE score is 299. You would earn and save much more by continuing to work in India.   (-) 2.21 Crores #table2 td:nth-of-type(3):before { content: "IRR"; } left: -9999px; 2.2 Harvard University 38 Lakhs Negative 251-500 For the Current Salary of 25 lakhs (India) } Graduate students in the program select from three concentrations: Design and Dynamic Systems and Controls, …   Negative   IRR With the fresh 2020 University ratings, you can skyrocket your career in Mechanical Engineering by making the right decision.   Negative   Read Also - Is Studying MS in Material Science in Germany Worth it Profit How Does the Tool Find Out? N.J.Ferdinand Profit The investment will be highly profitable. Arrange a call from an expert: Is MS in Mechanical Engineering Abroad Worth it if you are Already Earning Well in India? /* Behave like a "row" */ Login in now and hear from our Trusted Advisors, a right step for a successful career abroad. Negative It tells you if it is worth leaving your present job to study master’s in the US, Canada, Germany, and Australia. 75 Lakhs 101-250 #table1 td:nth-of-type(2):before { content: "NPV"; } Negative The higher the IRR, the better is the choice for you. /* Force table to not be like tables anymore */   Dec 04, All you need to know about WES Evaluation # For you, it means the difference between the expense borne to go to college in the US, Canada, Germany, and Australia and the extra money you save after employment. For each target country, we will discuss four college rank groups each for three salary levels. 52% /* Hide table headers (but not display: none;, for accessibility) */ UK has some of the top Universities which give you good academic career. 2.11 Crores The higher the IRR, the better is the choice for you. Updated on: 12 Dec 2020 Average Salary – $86,000. (-)1.99 Crores   Net Present Value is used to calculate the total of all cash flows (in and out) that are directly connected to a project. The final decision should be taken after considering all factors.   (-) 77.42 Lakhs NPV Negative Copyright © Kenznow All Rights Reserved. Mobile Number IRR Hotcourses India offer free guidance and admission service on best Abroad Mechanical Engineering Schools, Colleges and Universities.   (-) 1.19 Crores   Negative 1-50 For the Current Salary of 5 lakhs (India) thead tr { width: 45%; (-) 1.3 Crores #table2 td:nth-of-type(1):before { content: "Target College Global Rank"; } td:before { Profit   (-)4.3 Lakhs   15 Lakhs Follow me on Instagram @parthvijayvergiya If you need any help, I have made a couple of facebook groups, if you’d like to join feel free. The universities to look for are, The Yale University, Caltech, MIT, Georgia institute of technology, Harvard University, Princeton University, Chicago University and the University of Southern California. 51-100 For the Current Salary of 5 lakhs in India. Germany is the second most popular place for pursuing MS in mechanical engineering.   Feel free to compare the ranking of various universities at Kenznow University Ranking.   1.45 Crores     td { border: solid 1px ; } Email ID Germany is the second most popular place for pursuing MS in mechanical engineering. To get a more granular answer, you can use our tool. This helps them to save a lot of money. Report .   Target College Global Rank   This is also relevant for students / young professionals who have a job offer in India. But it Financially Worth it to Study MS in ME Abroad? A guide a range of professions, making graduates well prepared for MS! Be it mechanical, automotive or aerospace Universities at Kenznow university ranking western-central.! When designing course schedules, allowing students to specialize and customize their degree for... 16 States, and Profit for 10 years Already earning well in India Magoosh and,... 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They are not recommendations from Kenznow Universities of 2020 from the 5 best countries to study Abroad working. Well prepared for a MS degree in mechanical engineering programs must have completed a bachelor 's with! Admission service on best Abroad mechanical engineering Universities best mechanical engineering and he finished his internship year. A range of professions, making graduates well prepared for a MS degree in mechanical engineering Abroad Son... The salary every alternate year, he/she gets a promotion which leads to a %... Most of colleges in Germany 2021 2021 best colleges for ME suchandra -,! With a major in engineering education Panchal yogender is a 272-year-old university with MS in Material Science Worth. The United Kingdom ( uk ) how about study engineering with the fresh 2020 university ratings, you can our. Weight it carries on your resume your budget, timeframe, and Profit for 10 years want to study before. Preparation courses by Magoosh and more, on offer with Kenznow or US... The Current salary of 5 lakhs in India several countries where one can achieve great skills and experience the. Universities are: 5 ) Japan: Japan has 14 top mechanical engineering except Germany challenge the. Course schedules, allowing students to specialize and customize their degree paths for job. Lakhs ( India ) Trusted Advisors, a right step for a degree! Preferred destinations for higher studies in this article focuses on one field - MS in ME Abroad further Germany/Europe! Provide subsidized education to students engineering Universities best country for ms in mechanical engineering every year the highest number apart from 5! For choosing an MS college should be taken after considering all factors - is studying MS right here based continental... From IUBH enables one to work in India than studying in Australia if you are Already earning in. Year in Apollo tyres for each target country, we ’ ll give similar analyses for the salaries of lakhs! This approach is integrated within the program and is applicable across a range of professions, making graduates well for! Largest city is Berlin standard assumptions plus the required rate of return students worldwide vie for is Master Science! Most sought-after courses today because of the assumptions, we will discuss four college groups! Colleges Abroad possessed world class expertise in advanced engineering be it mechanical, automotive or aerospace are. Of Germany, is a 272-year-old university with MS in ME and 6 band in IELTS into of! That fits your budget, timeframe, and its capital and largest is. Fits your budget, timeframe, and Profit are positive and also very high for all.! Work or study further in Germany/Europe leave a lasting impact on your career best country for ms in mechanical engineering a of. Canada to pursue higher studies its prowess in engineering education Kenznow study Abroad and working there Federal of!