I've been working in XXX (a much admired American company) as a software engineer for the past 1.5 years. I did my BTech from YYYY, probably the best college for a computer science degree in the country.
I was always convinced that this would be sufficient even for the best tech jobs in India. However, lately I've been hearing that students who return with a "phoren" MS degree get paid almost twice as much as we do, even though their job profile may be the same as ours.
Now, I'm confused whether I should go for an MS or not. I do not wish to leave the country, neither for higher studies, nor for a job. However, I'm quite sure that an MS even from the best colleges in India does not compare to a degree from a US university, in terms of market value. Since it makes a huge difference, I think I should consider going abroad... its just a matter of 2 years, right?
Even though at this point, money is the only incentive for further studies; in the future, its possible that better jobs come to our country which require atleast an MS degree. I'm only 23 years old now. Isn't it best I do an MS now, rather than growing 30+(which is too old for an MS) and feeling sorry for not doing it when I could?
I should also make it clear that I am absolutely not interested in any kind of MBA. I love tech, and I do not wish to become a people manager. So NO IIMs, ISB, etc.
This has been a very long mail. Lets summarize.
Objective: A challenging tech job in India. Get paid as much as the other guy who is doing the same job, but may have another degree!
I have the following options:
1. No more studies. Be content with BTech and current job/salary.
2. MS from Indian univ. Will make resume a little prettier, but will it increase my package? Is it worth staying away from work for 2 yrs?
3. MS from some Indian univ affiliated with a foreign univ. Ex - JIIT(jaypee) affiliated with University of Florida. Again, I'm not sure how good this is?
4. MS from abroad.
I'm not too happy to learn about the foreign MS degree holder getting paid twice as much as you.. but that's life I guess. I think an MS from a top university in the US is a good idea for you.
As for which school, which program - I leave it to the wonderful readers of this blog to advise you! Folks, please do share what you know with this young man...