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Should I Pursue a Master's in Data Science in Germany After Completing My BTech in IT?

Sushil

Sushil Sukhwani  |594 Answers  |Ask -

Study Abroad Expert - Answered on Aug 28, 2024

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more
Vishesh Question by Vishesh on Jul 13, 2024Hindi
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Career

Sir I have completed my BTech in Information Technology in 2023 and now I am preparing for my master's in Data science in Germany is it a good option and I get cautious regarding going abroad and doing masters

Ans: Hello Vishesh,

To begin with, thank you for reaching out to us. To answer your question, pursuing a master’s in Data Science in Germany is definitely a great idea as the country excels in research and development, particularly in emerging fields such as data science and AI, and offers excellent programs with plenty of job opportunities in the sector. You don’t have to worry about studying abroad as it will prove to be a great experience which will not only advance your career but also help you adapt to new environments and grow both personally and professionally.

For more information, please visit our website: edwiseinternational.com
You can also follow us on our Instagram: @edwiseint
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Sushil

Sushil Sukhwani  |594 Answers  |Ask -

Study Abroad Expert - Answered on Sep 22, 2023

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Career
Dear Sushil ji, My son is doing Computer Science from VIT vellore and is 3rd Year Student. Please advise whether he should go abroad for the Masters and location whether Germany will be advisable . Kindly provide the input .
Ans: Hello Sanjay,

To begin with, thank you for contacting us. Your son’s future ambitions, financial status, and personal choices, play a key role in deciding if he should travel overseas to pursue a Master’s degree in Computer Science, and if Germany is a favorable study destination. When deciding, take into account the following factors:
1. Career Objectives: Consider if your son has set career ambitions that can be accomplished by studying a master's degree abroad.

2. Academic Prowess: An exceptional academic record can enhance your son’s chances of getting into prominent foreign universities. Take into account his academic success in the program he is currently pursuing.

3. Financial Condition: Studying overseas can be a costly affair. Investigate your financial capacity and the costs related with studying in Germany or any other country. Look into the available scholarships, financial aid, and part-time work opportunities.

4. Choosing Programs and Universities: Conduct extensive study and pick programs and universities that resonate with your son’s educational and professional interests. Search universities that have robust Computer Science departments and research possibilities.

5. English Language Competency: Although there are a few English-taught courses, Germany mainly offers programs in the German language. You on studying in Germany or any other non-English-speaking country, make sure he possesses the required language abilities.

In addition, your son should get to know the visa and immigration prerequisites for the country he intends studying in. For instance, Germany has a fairly simple student visa procedure for international students. Enhanced networking possibilities are offered in the tech sector by some countries over others. Investigate the labor market and links your son can form during the duration of his Master’s course. Also, take into consideration if your son is ready for the societal and cultural changes that come with pursuing overseas education. This involves adjusting to a new setting, building friendships, and getting to know the local culture. Look into the available post-study employment opportunities in the country you have chosen to study in. Taking into account both, the cost of studying and the long-term professional advantages, consider the possible ROI (Return on Investment) of pursuing a master's degree overseas.

Owing to its exceptional system of education, research possibilities, and a friendly environment for international students, Germany can be a top option to pursue a Master's in Computer Science. To make an educated choice, carefully examine each factor and get in touch with career counselors and academic consultants. Your son should also examine particular programs and universities in Germany to make sure that match his objectives and interests.

For more information, you can visit our website.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |8333 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 12, 2025

Money
i wish to purchase new car i10, should i purchase the same through own money or should i take a vehicle loan from bank and the money own by my to be kept as FDR or liquid mutual fund
Ans: It’s a good sign that you’re thinking before buying a car. You’re not rushing into it. That shows maturity and smart thinking.

We will now evaluate own money vs vehicle loan — from every angle.

 

Understanding the Nature of a Car Purchase
A car is not an investment.

 

It is a consumption asset, not a growth asset.

 

It depreciates every year. Its value goes down, not up.

 

So the cheaper the total cost, the better for your wealth.

 

Option 1: Use Own Money Fully
Pros

No interest cost. You save on total expenses.

 

You are free from monthly EMI pressure.

 

Car becomes fully yours from day one.

 

No need to deal with bank, forms, hypothecation etc.

 

Cons

Your liquid money reduces.

 

You may not have enough cash for emergencies.

 

Opportunity loss if you had invested that money.

 

Option 2: Take Vehicle Loan & Keep Own Money in FDR or Liquid Mutual Fund
Let’s evaluate this with care.

Vehicle Loan Pros

You can preserve your savings for emergencies.

 

EMI can be budgeted monthly, if income is stable.

 

Some banks offer competitive interest rates.

 

Vehicle Loan Cons

You will pay interest on a depreciating item.

 

Loan adds to your monthly obligations.

 

You must pay insurance, EMI, fuel, and service together.

 

FDR and Liquid Mutual Funds give lower returns than loan cost.

 

So you will likely lose more in interest than you gain.

 

Let's Compare: Interest Rate vs Investment Return
Vehicle loan interest is usually 9% to 11% per year.

 

FDR gives around 6% to 7% before tax.

 

Liquid mutual funds give 6% to 7.5% on average.

 

So you pay more to the bank than you earn from investment.

 

Tax on interest or gains reduces actual return further.

 

This means taking a car loan and investing your own money leads to net loss.

 

Best Option for You: Smart Compromise Approach
Let me share a wise solution.

 

Don’t use full own money. Don’t take full loan either.

 

Instead, pay 70–80% from own funds.

 

Take a small car loan for the remaining 20–30% only.

 

This keeps EMI low and retains some liquidity.

 

You reduce interest cost and also keep Rs.50,000–Rs.1 lakh aside.

 

Park that in liquid fund for any urgent need.

 

Repay this small loan fast in 1–2 years.

 

Only Take a Car Loan If:
Your job income is stable.

 

You already have 3–6 months emergency fund ready.

 

You don’t have big loans running now.

 

You can pay EMI without affecting savings.

 

You commit to close the loan early.

 

Avoid This Mistake:
Never buy a more expensive car because loan makes it “feel affordable.”

 

Loan should not expand your car budget.

 

Whether you buy with loan or cash, pick a simple car within limits.

 

i10 is a wise, middle-ground choice. Good thought.

 

Tax Angle (If Business Use)
If you are using the car for business, vehicle loan interest may be tax-deductible.

 

But for personal use, there is no tax benefit.

 

So do not take loan just for imagined tax saving.

 

Final Insights
A car is a need, not an investment.

 

Using your own money fully keeps things simple and cheap.

 

Taking a full car loan and investing the money gives net negative return.

 

Best option is a split approach — pay major part from own funds.

 

Take small loan only if needed and close it early.

 

Always keep emergency money aside before buying.

 

Avoid emotional buying or overbudget cars.

 

Your financially balanced approach is very appreciable.

 

Best Regards,
 
K. Ramalingam, MBA, CFP,
 
Chief Financial Planner,
 
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

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