Published date: 17 Jun 2019 Updated on: 06 Apr 2020 This generic question comes to all our minds while making a career choice. The rapid proliferation of the Internet of Things in our economic, political, and social life has led to increasing demand for computing professionals all over the world. This rapid disruption has also seen the corresponding extension in undergraduate and graduate (Masters) Computer Science programs. In spite of all such major developments, very little is known about such a pertinent profession. According to a study by the Bureau of Labor Statistics (Cornell University), by 2024, the US will witness almost three-quarters of the growth in the STEM courses related occupations. Is the scope of these promising opportunities confined to individual economic or financial mobility or studying computer science subject exclusively? No, in fact, it is very much interdisciplinary, and it extends the ambit by providing space to study other allied subjects as well. By choosing a career in Computers you get to explore:- Broad areas, viz. Artificial Intelligence, Computer vision, Machine learning & data mining, Natural language processing, the Web & information retrieval In Interdisciplinary areas you will get to explore Comp. bio & bioinformatics, Computer Graphics, Economics and computation, Human-computer interaction, Visualization, Robotics. The Systems consist of the operational aspects, in its ambit, comes Computer architecture, Computer networks, Computer security, Databases, Design Automation, Embedded & real-time systems, High-performance computing, Mobile computing, Measurement & performance Analysis, Operating systems, Software Engineering, Programming languages. Theory ensures and guides the structural framework; you get to work on Algorithms & complexity, Cryptography, Logic & verification. Still Confused? Fill This Form and Get Personalized Help From An Admission Expert What are the Opportunities After the Course? During and after completing your degree, the opportunities do not remain stagnant; in fact, it helps open the gates of numerous options broadly in job and research field. Jobs and internships: - After graduating, jobs in various fields such as Machine learning, cyber-security, and etc. become easily available. To avail maximum employment opportunities, getting internships during the course is very important. Employers generally offer Pre-placement offers (PPO) to their interns. Research: - Employment opportunities are not limited to mainstream private/ public sector jobs. If you have an interest and aptitude for research, you can try to pursue research possibilities in corporate or research institutions. Studies suggest that the research opportunities in computer field will never get stagnated. Who are the Top Global Recruiters? Source: GyanDhan Research Companies Specialization Average Salary in US ($) International Business Machines (IBM) Artificial Intelligence 116,500 Google, Inc. Machine Learning 134,795 Facebook Inc. Big Data Analytics 140,064 Comcast Cable, Inc. Software Development 143,523 Google, Inc. Software Engineering 116,402 Microsoft Corp Software Architecture 151,495 J.P. Morgan Chase & Co. (JPMCC) Information Science & Management Information Systems (MIS) 114,783 Sentek Global Cyber Security 118,025 Vmware, Inc. Cloud Computing 159,493 Roche Molecular Systems, Inc. Bioinformatics 138,807 What are the Average Salaries Offered in the Top Destinations? (Figures are for Master Courses and per annum basis, Source: GyanDhan Research) Top Universities by Popularity Top Recruiters 25th Percentile Salary (USD) Median Salary (USD) 90th Percentile Salary (USD) University of Southern California Cisco Systems, Microsoft, Qualcomm, NetApp 89,875 103,403.5 131,150 North Carolina State University Intel Corporation, Microsoft, Amazon 91,320 104,344 133,487.9 University of Florida The MathWorks, Cerner Corporation, Bloomberg 88,122.5 104,606 136,757 University of Texa, Dallas Cerner Corporation, Ericsson, AMD 78,623.25 96,626.5 135,877.1 Texas A&M University Microsoft, Intel Corporation, Amazon 95,105 107,261 136,757 New Jersey Institute of Technology eClinicalWorks, BlackRock, Citi, Verizon, Bloomberg 69,755 86,000 120,590.4 Arizona State University Garmin International, Qualcomm, Cerner Corporation, Bloomberg 89,013 104,344 136,757 Illinois Institute of Technology Motorola Solutions, AT&T, Cerner Corporation 75874.75 90,244 121,900 Georgia Institute of Technology Amazon, Google, Next Jump, Zynga, Bloomberg LP 95,493 105,216 136,757 The University of North Carolina Bank of America, IBM, Capgemini, Fidelity Investments 78,750 89,351 125,876 Canada Top Universities by Popularity Top Recruiters 25th Percentile Salary (CAD) Median Salary (CAD) 90th Percentile Salary (CAD) Concordia University Nakisa, Amdocs, BOMBARDIER 56,045 68,000 80,979 University of Windsor Alcatel-Lucent, AT&T, CGI 48,000 60,000 78,500 University of Waterloo SAP, BlackBerry, IBM Canada 72,017 79,976 109,500 Dalhousie University Bell Aliant, BlackBerry, Adastra 58,767.25 63,863 76,827.7 University of Ottawa Kinaxis, Adobe, Cisco 61,000 72,720.5 87,548.7 University of New Brunswick Bell, BlackBerry, Blue Spurs 48,000 55,000 75,703 Simon Fraser University SAP, RBC, Activision, Amazon 54,080 71,057 84,550 University of British Columbia Microsoft, TELUS, Avanade 64,475.5 79,497.5 114,950 University of Toronto Altera, Amazon Web Services, Apple, BUZZ Indexes 74,570.5 88,059 110,973.6 McGill University Cisco, Microsoft, Ayuda Media Systems 63,500 75,000 99,200 What are the Top Destinations and Institutes for Research in Computer Science? United States (Time period 1990-2019 Source: CS Rankings) Institute by Research Output Publication Count Faculty Carnegie Mellon University 34.6 160 University of California- Berkeley 23.3 88 Stanford University 21.8 66 Massachusetts Institute of Technology 21.5 89 Univ. of Illinois at Urbana-Champaign 18 99 Institute by Research Output Publication Count Faculty University of Toronto 8.9 83 University of British Columbia 7.5 53 University of Waterloo 7.1 92 Simon Fraser University 3.8 41 McGill University 3.6 27 Institutes in Non- English speaking regions Source: CS Rankings Institute by Research Output Publication Count Faculty ETH Zurich 12 38 Technion (Israel) - Israel Institute of Technology 9.3 85 Max Planck Institute (Germany) 8.4 32 Swiss Federal Institute of Technology Lausanne (Switzerland) 8.1 48 Is Studying Computers Abroad, a Smart Financial Decision? While planning to study abroad, one thing that becomes the major factor other than the student's interest is the payoff or the return on investment. To make an estimate, one should always go for a cost-benefit analysis to consider the total cost of studying and the return you will get on the investment. If the destination is outside India such as the US, Canada, Australia, or Germany, then we, India’s leading education loan startup, can be of great help. Especially our tools like EMI calculator and Future Earnings estimator. These tools will provide you with a clear perspective regarding your future earnings and the total cost of education. So, Is It Really a Good Option? An example would answer this question better. Suppose you take an education loan of 50L at the rate of 11% for five years to fund your education. The salary range for a US MS in Computer Science is 76,704 USD to 132,126 USD (₹53,60,075 to ₹92,32,964) per annum. So, in a worst-case scenario, if you get the minimum salary of 76,704$ (₹ 53,60,075) per annum, your monthly EMI will be around 1900 USD (₹1,32,772) with a minimum monthly salary 6300$ (₹4,40,244), your monthly expenses will cost around 3000 USD (₹2,09,640) which will be adequate to pay back the EMI of education loan without any financial burden and living a comfortable life. Now in another case, if you are currently working at a salary of 25L per annum in India, will it still make sense to go through all the hassle? The average cost of living in the most expensive city, Mumbai ( in a gated society while using private transport) amounts to Rs 70,000 to 80,000 per month. In that case, you will still be left with a hefty amount. Conclusion The English speaking countries are far ahead in Computer Science than their contemporaries in terms of Research or employment opportunities. By studying Computer Science, you have the option of entering in any field of your choice or interest. Once you have decided what you plan to study, and if you decide to pursue it abroad, you will have to take the financial aspects into consideration as well. We are here to help with your financing needs. Apply today for an instant quote and expert consultation on your education loan options.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/studying-masters-in-computer-science