Hi Aspirant,
Engineering Physics is definitely a good option at IITs in the terms of academics and Placement.
Average package varies from 3 lakhs in the new IITs to 8 lakhs in old IITs and Highest package is also good.
But, compare with the Aerospace Engineering, first of all your passion and interest matters.
Aerospace is mostly applied to mechanical engineering. If you do a mechanical engineering major with some aerospace classes on the side, you can work as an aerospace engineer. Aerospace starts with a huge passion for aero and space domain.
Engineering physics requires you to take more math and theoretical physics classes than the typical engineer.
Hope this information will help you to make the difference.
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