Industrial Engineering Scope

In my opinion, there are very few colleges, which can offer master in aerospace engineering for those students who have done their B.Tech. In industrial engineering. Chandigarh University is one of the best universities which offers Masters in aerospace engineering. Since its inception, the Department of Aerospace Engineering has been persistently evolving to meet the needs of the modern aerospace industry. Chandigarh University educates students as lifelong learners, entrepreneurs, and leaders of tomorrow. As an aerospace student at Chandigarh University, you will be imparted with the skills required to work with top-notch aircraft or spacecraft companies such as Boeing, Airbus, ISRO, NASA, ESA, JAXA, and more.

Future scope in this branch or any other branch depends upon how and what you see in that branch.
I am also pursuing metallurgical engineering, and can tell you what I feel about metallurgy.
Well, broadly you can divide this branch in two broad categories:
1. Research
2 Industry
Areas where research is going on in this field are smart materials, sensors, Nano materials and various other areas. And, jobs in this sector mainly include in research institutes and many R&D section of companies like Intel and many more. And, also huge amount of research is done in this field in other countries also (Dakota School of Mines in USA)
There are various types of industries
1 Nonferrous extraction: - VEDANTA, HINDUSTAN ZINC LIMITED, SESA STERALITE, RIO TINTO.
2. Steel plants:-JINDAL STEEL, TATA STEEL
3. Foundries (this is basically a casting industry where gear box housing and various other type of castings are there, which are made in foundries):-MAHINDRA, SWARAJ, TATA MOTORS.
Pay package depend upon various factors, like which company, what position you hold there etc.
It is also true that mostly (not all cases) working conditions are bit tough, as dust, high temperature is there. But, not all the time. One need to be there in such environment.