Aerospace Engineering

Hi there,
Aeronautical engineering is a study about the design and systems of an aircraft. It involves practical and theoretical understanding of materials, assembling parts, testing and maintenance of aircrafts. Professional engineers working in this domain have to be licensed aeronautical engineers.
MIT School of Engineering is quite a reputed college, with good placements records.
Some insights of the college are:
Intake: 120
Placements stats:
The placements of aerospace engineering are quite pathetic so you have to be your own and need to work very hard to get placed in top aerospace companies.
However, the aggregate placements figures are:
Average package: 4.5 LPA ( aggregate of all branches )
Highest package: 11 LPA
Recruiters: Volkswagen, Asian Paints, Newgen Software, Atos Origin, Wipro, Infosys, TCS, IBM, Adobe, Tech Mahindra and many more.
Here is the link to get more insights of the placements:
https://www.google.co.in/url?sa=t&source=web&rct=j&url=http://www.mituniversity.edu.in/Academics/MIT_School_of_Engg/&ved=0ahUKEwinkpn-iqDWAhUUT48KHVceDd8QFggmMAA&usg=AFQjCNHSZo5Obqurv_kqkiXCuG2aSb3woQ
Hope this helps.

If aerospace is what excites you I would recommend you take up neither. IIST is the right place for you as it paves a way for you to go to ISRO.
Regardless, if you still wish to go to one of the IITs, IIT Madaras is a lot better place for you to take up aerospace engineering, only because of the advanced laboratories and the spectacular reputation of the faculty members at IIT Chennai.
Again, take up aerospace engineering only if you are really interested in the field, as there are not many core companies to recruit undergraduates in aerospace, and if that happens, you'll probably end up in any IT company like TCS, which will be a complete waste of your degree.
Although it is the best place for you start at if you intend to study further for MS/PhD. It gives opportunity for the top 10% percent students of the batch to get admission in the ivy league of colleges in USA, which is the entry ticket to the major core franchise present all around the world.
I hope you make the right choice.
Cheers!

Before answering about the placements let me make this clear that Hindustan Aviation Academy has stopped the B.Tech in aerospace course for a while but there is still a course which is one of the prestigious course in the aviation field and that one is Aircraft Maintenance Engineering (AME). According to surveys, it has been found that AME's are the highest paid engineers in India where the salary package varies form 5L - 25L per annum (varies with the experience). As far as placements are concerned, our passed out students (both B.Tech & AME) are working in various organizations like NAL, HAL, ADA, JET AIRWAYS, CAPGEMINI, HONEYWELL, etc. Since HAL, NAL, ADA being government firms, it takes a long procedure for a fresher to get in these well-established firms. Private firms like CAPGEMINI & HONEYWELL never takes the batches all together, rather they seek for individual talent. Students have to go through various tests and interviews during placement drives. So placement of student is totally dependent on his on abilities and talent. On a scale of 10 students, they select max. 2 students. So it will better to talk about the percentage of students placed rather than the percentage of 'batch' placed.