*/ This is also relevant for students / young professionals who have a job offer in India. Hi, My GRE score is 299. table, thead, tbody, th, td, tr { The best place to pursue MS in mechanical Engineering is undoubtedly US. 251-500 left: 6px; (-) 1.4 Lakhs Victoria is the strongest of the largest engineering markets followed by Tasmania and Queensland. 113% 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. 1-50 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. 101-250 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. Six … (-) 30 Lakhs 2) 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. td { border: solid 1px ; } 12%   (-) 30.81 Lakhs   /* Force table to not be like tables anymore */ 51-100 #table1 td:nth-of-type(1):before { content: "Target College Global Rank"; } 51-100 It is the extra savings you make by choosing to study abroad and working there. 51-100 The investment will be highly profitable. It is a 272-year-old university with MS in aerospace engineering and other advanced masters programmes. Read Also - Is Studying MS in Material Science in Australia Worth it. 251-500 2021 Best Colleges for Mechanical Engineering in Mississippi. NPV   Therefore, use the numbers we’ve given above for assistance. For India, the corresponding numbers are 7% and 20%. (-) 1.27 Crores Germany, officially the Federal Republic of Germany, is a federal parliamentary republic in western-central Europe. For Current Salary of 15 lakhs (India) 78% 8 Lakhs Top Master Programs in Mechanical Engineering in Germany 2021 With the fresh 2020 University ratings, you can skyrocket your career in Mechanical Engineering by making the right decision. Every alternate year, he/she gets a promotion which leads to a 10% increase in the salary.   (-) 86.20 Lakhs   US University rankings for Master of Science in Mechanical Engineering(MS in Mechanical) and PhD program. 6% left: -9999px; (-) 1.1 Crores   Negative   A zero NPV means you get your original investment back plus the required rate of return.   Negative   101-250 To answer this question, we utilize our estimate future earnings tool. (-) 1.5 Crores For the US, Canada, Germany, and Australia, the expenses increase by 3% and for India, by 5% every year.   Negative   tr { border: 1px solid #ccc; } Negative padding-left: 50%; Engineering in China is becoming popular after medical programs in China for international students. Nov 27, Published date: 24 Aug 2019 1,87,31,931 (-) 58 Lakhs 75 Lakhs Net Present Value is used to calculate the total of all cash flows (in and out) that are directly connected to a project. 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. However, the lifestyle, cultural and language differences are great so many international students don’t give Japan a chance. 51-100 For Current Salary of 5 lakhs (India)  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. The investment will be highly profitable. } td { border: solid 1px ; } The opportunity to gain knowledge, access resources, and achieve better employment is enormous in developed countries.   (-) -1.12 Lakhs   Hence, it is important to choose the place to study wisely before applying. Students can … 1-50 The IRR, NPV, and profit shown are for 10 years after the completion of the moratorium period when the repayment of the loan starts. #table1 td:nth-of-type(3):before { content: "IRR"; } #table9 td:nth-of-type(1):before { content: "Profit"; } 1.19 Crores 55% 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. 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. (-) 1.34 Crores top: -9999px; Verdict: The NPV is positive and also very high for all rankings. NPV The investment will be highly profitable. (-) 2.5 Crores There are two new entrants in the top 10 of this year’s mechanical engineering ranking, both of which are based in continental Europe. 74 Lakhs border-bottom: 1px solid #eee; The final decision should be taken after considering all factors.   (-) 1.19 Crores     IRR   are the top countries to pursue ones dream of studying for a MS degree in   Target College Global Rank   Read Also - Is studying MS in Material Science in US Worth it #table10 td:nth-of-type(1):before { content: "Profit"; } This query will take effect for any screen smaller than 760px }   65 Lakhs Report . (-) 1.99 Crores The investment will be highly profitable. Knowledge is a qualitative factor. Login in now and hear from our Trusted Advisors, a right step for a successful career abroad. 251-500 } Core to Mechanical Engineering process is the ability to formulate a problem, identify potential solutions, analyze and model solutions and select the most appropriate solution within constraints. The Internal Rate of Return is the discount rate that makes the NPV of all cash flows from a particular project equal to zero. Verdict: The NPV is positive and also very high for all rankings. Verdict: The NPV is not only positive but also very high for all rankings. Still Confused? Verdict: NPV, IRR and Profit values for the salaries of 15 and 25 lakhs are highly negative. Do check out the best online IELTS test preparation courses by Magoosh and more, on offer with Kenznow.   IRR   101-250 NPV Profit is self-explanatory. Negative 2. The final decision should be taken after considering all factors. You are about to find out the top best Universities of 2020 from the 5 Best Countries To Study MS in Mechanical Engineering Abroad. Due to the huge number of colleges in the US, Canada, Germany and Australia, and varying Indian salaries, we’ve created categories. 52% (-) 1.61 Crores If it’s not the subject of your choice, don’t worry. Profit The NPV is exceptionally negative. 75 Lakhs   Target College Global Rank   ms in mechanical engineering...hmmmm these are the top countries - usa, uk, germany, australia n canada. 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. 76% For the Current Salary of 25 lakhs (India). Name Want to study a Master degree (MS/Msc/MA) Mechanical Engineering courses in Abroad? This approach is integrated within the program and is applicable across a range of professions, making graduates well prepared for a changing world. 47% 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. Answer. Read Also - Is Studying MS in Material Science in Germany Worth it Negative You may share your queries with Kenznow or email us at now@kenznow.com. Read Also - Is Studying MS in Material Science in Australia Worth it 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. As you read on, you’ll notice two more figures given next to NPV - IRR, and Profit. The IRR, NPV, and profit shown are for 10 years after the completion of the moratorium period when the repayment of the loan starts. You would earn and save much more by continuing to work in India. The living expenses such as rent, utilities, car, fuel, insurance, food are averaged as per the country and taken from standard sources. border: none; The one factor that typically matters the most is monetary returns, especially because an education abroad comes with substantial weight on the pocket. What Does the Tool do? A zero NPV means you get your original investment back plus the required rate of return. Hotcourses India offer free guidance and admission service on best Abroad Mechanical Engineering Schools, Colleges and Universities.     Target College Global Rank   in recent time Most students choose Germany instead of US for Mechanical Because there is no tuition fee in most of colleges in germany. which country is best for masters in mechanical engineering except germany. The lowest paid make $ 68,000 more and more, on offer with Kenznow or email at! Given next to NPV - IRR, the corresponding numbers are just a guide in Material Science in engineering. For the Current salary of 15 lakhs ( India ) pursuing MS in mechanical engineering programs have... Of 2020 from the US has most number of top mechanical engineering Abroad and how to prepare for?... Many international students 16 States, and Profit for 10 years making graduates well prepared a... 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