It’s sad to say but MTech students do not attract very good companies for placements. The companies prefer students with experience. BTech students prepare well in advance either for MBA or coding to get placements in IT or banking companies. MTech students are not allowed to do so and thus are unable to secure good packages.

Now the question arises, what should MTech students do to guarantee a safe career? Well, I will suggest that they prepare for GATE again and clear PSU or some other Engineering service. 

You can even enter Academia but the salary packages will also be average. Another option is to go for a Ph.D. but this too has no career prospects. The most guaranteed way is to clear PSU.

Most Government, as well as Private companies, prefer BTech graduates to MTech or MS graduates. One needs an MTech degree only if one wants to enter academia or research. The reason they prefer a fresher is that they consider them flexible and thus sponsor them for higher study in their field of requirement.

M.Tech degree is not required to secure a good job and I will recommend you start preparing for GATE instead and target a PSU job. The written tests and interviews during the process of GATE Preparation will increase your chances of selection in the future.