IS MS FROM USA IN MECHANICAL ENGINEERING WORTH IT?

 

Money Spent in Undergrad and Return in Investment

I spent 2 lakhs to finish my undergrad in India (I had a 60% tuition waiver, my sports achievements got me the waiver). Post undergrad, I got a job in CTS with 3.15 lakhs/ annum. If I took it up, I would take home ~Rs.20,000/ month. On average I would be spending Rs.15,000/month and my monthly savings will be Rs.5000, i.e. Rs. 60,000/annum. To get the 2 lakhs that I put in my undergrad it will take me 3 years roughly.

Note: I was lucky to get a sports scholarship at undergrad, the average fee for a BE in Mech is around Rs.5,00,000. You can do the math on the time taken for the return of investment.

 

Money spent in Grad School and return in Investment

I did my Masters at the University of Wisconsin – Madison, the tuition fee was $12,000/semester/9 credits. I had to take 30 credits, which approximately is $40,000/Masters degree (Rs.28,00,000). Three semesters in I was recruited by Cummins, Schlumberger, and Roush. On average $75,000 (Rs.50,00,000) was what the companies offered. All of these companies were located in the midwest.

While pursuing my Masters my rent was $300, food cost $300, entertainment $100 – Total $800

 

What are the opportunities?

First up, you will get a part-time job, every grad and undergrad student will get an on-campus part-time legal job, which will pay on average $1000. This will cover up your monthly expenses.

 

The Best opportunities

If you are willing to put in the work – you will find a Professor, work with him, impress him with your work, and get funding. I did that and got a TA + RA in my first semester and got the whole $40,000 waived off. And to top it off the TA+RA got me around $1500.

 

Let’s do the MATH

My Flight ticket was – Rs, 1,50,000

Tuition Fee – $40,000 – Rs.28,00,000

Living Expenses – $1000/ month *20 months – $20,000 – Rs.14,00,000

Total expenses – Rs.43,50,000

 

What is the return of investment

Job – $75,00,000 – Rs.50,00,000 i.e. you will receive ~$5000/month in hand

Once you get a job, you mostly move to a more comfortable place for housing $700/month, buy a car $400/month EMI, spend more on entertainment and travel $400/month, spend more on food, clothes, etc $800 – in total your expenses would be around $2300/month

You will save around half of what you earn. i.e. $2500 i.e.Rs. 1,75,000/month in savings. Say you send Rs.75,000 back home and pay Rs.1,00,000 for a loan. You will be paying back your loan in 4 years and at the same time your savings will be in the range of Rs.25,00,000

And now think about if you are willing to slog and get a TA / RA / PA / Part-time job. You will end up earning right from you start your Masters. All you need is to network, be ready to slog your way into a research position, or any sort of assistantship.

I was lucky to get a part-time job, RA – TA, and a full-time job which allowed me to finish my Masters with a Thesis in 3 semesters. So were a lot of people who I knew in UW-Madison. You might argue that assistantships helped me. But if you look above even without the assistantships I would easily recoup the money I would have spent for my Masters in 3–4 years' time.

Well till now I spoke about just the monetary benefits and the pure ROI math. Don’t even get me started with the benefits of a Masters in a good university in the US> They are aplenty.

  1. Network – Getting to know some of the best minds in the world.
  2. Technically Strong – The hard work needed in Masters helps you get technically equipped and ready to face any challenge
  3. Opportunity to work on the state of the art research / I had the opportunity to work on problems that prevent pollution and much more. So will you.
  4. Community, Interpersonal skills, Discipline, and much more.

I can go on and on and on. But I guess you get what I intend to say. In case you still have doubts and want to talk about this, reach out to me at Surya(at)edxengine.comor ping me on Facebook – MS and Ph.D. in the USA

More than everything a Masters in the University of Wisconsin-Madison was one of our prime reasons to start Skill-Lync. The need to expose students to the experiences we got there got me and Sarangarajan V Iyengar start Skill-Lync and MyUniversity

Also, take a look at my answer on the job prospects for Mechanical Engineers here – https://edxengine.com/blog/?p=253


GET COURSE COUNSELLING TODAY

Get a 1-on-1 demo to understand what is included in the course and how it can benefit you from an experienced sales consultant. The demo session will help you enroll in this course with a clear vision and confidence.

Request a Demo Session

Choose these related course in Civil Engineering

See all

Get in touch with us
Hurry up! Hurry up!
+91

© 2022 Skill-Lync Inc. All Rights Reserved.