Upon completion of your undergraduate studies, you have two options ahead of you - find a job or pursue higher studies in Mechanical Engineering.
Jobs: If you take a look at the placement statistics of various universities, you will realize that core companies attend the campus placement sessions of prestigious institutions such as IITs, NITs, BITs etc. If your college is not reputed nationally or state wise, then chances of core companies coming for placements will be nil and most students will end up joining software and IT industry. However, if you have developed a good resume with impressive grades, projects and internships, you will have a good chance of getting a job through off-campus placements. As mentioned before, mechanical engineers can find work in an array of sectors ranging from manufacturing to healthcare. In India, since biomedical and nanotechnology sectors are not very well developed, mechanical engineering students find jobs mostly in the following sectors:
Manufacturing, Automotive, Aviation, Aerospace, Shipping and Machinery: Bajaj Auto ltd, Bosch Limited, Caterpillar India Private Ltd, GE ITC, General Motors, HCL Technologies, Hero MotoCorp Ltd, HUL, ITC Ltd, Larsen & Toubro, Renault Nissan Technologies Pvt Ltd, Subros, Siemens, TATA Motors, John Deere, TAFE, Ashok Leyland, Hyundai, Essar Groups, Godrej & Boyce, Kirloskar Groups, Mahindra & Mahindra, Michelin Tyres etc.
Oil and Gas, Power, Energy: BPCL, ONGC, Reliance industries Ltd, Shell, Technip, Schlumberger, TATA Powers etc
Computers, Electronics and semiconductors industry: KLA Tencor, Eaton corporation, Schneider Electric, General Electric, Philips electronics etc
Banks and consulting firms: Goldman Sachs, Deutsche, Mckinsey etc Many banks hire mechanical engineering students as they have very strong quantitative skills and are excellent for financial modeling, quantitative research related work.
Government firms: BARC, NTPC, ISRO, DRDO, IOCL and BHEL.
Salaries: Salary is hugely dependant on the nature of the work,the organization hiring, student’s profile and reputation of the university. The average salary is 20k to 25k rupees per month for a fresh mechanical engineering graduate. The salary package is higher in MNCs such as Schlumberger, Mercedes Benz, Shell etc.
Studies: Considering that mechanical engineering is a very broad field, students have plenty of options to choose from for further studies. Many students go on to pursue their master’s, PhD or M.Tech in mechanical engineering and specialize in areas such as: biomechanical engineering, nanotechnology, design, flow physics, computational engineering and many more. Students who are interested in getting into the management side of things do their MBA. Many students also move on to other fields such as petroleum engineering, marine engineering, civil and environmental engineering, biomedical engineering and electrical engineering for higher studies. Research and development in India is still developing in areas such as biomedical engineering, environmental engineering, energy conservation and nanotechnology. If you are interested in specializing in any one of these areas, then a degree from USA, Singapore, Canada and UK will be perfect as these fields are developed in these nations and the job prospects look good.