In my opinion, there is no other exam like GATE as it can open so many options in front of you. Most of us are not even unaware of all these options, so let me point them down below:

1. A good GATE score is helpful for getting admission in to IITs, IISC, IIITs, NITs and many other renowned institutions
2. More than 30+ PSUs like IOCL, ONGC, BPCL, HPCL, NTPC, GAIL, HAL, BARC etc consider GATE score for recuitment
3. GATE qualification is also a minimum requirement to apply for various fellowships awarded by many Government organizations like DRDO, BARC, ISRO etc.
4. GATE qualified candidates are also eligible for the award of Junior Research Fellowship in CSIR Laboratories and CSIR sponsored projects.
5. Focused GATE Preparation also helps in other prestigious PSU recruitment examintions like CIL, SAIL, AP Genco, AP Transco, BSNL etc
6. India Top ranked MBA college (NITIE Mumbai, Rank 6th in India) take admissions from GATE. It offers very lucrative pay package starting from 9 lacs per annum to 39 lacs per annum.
7. MS program at Singapore, New Zealand & Germany
8. Fellowship at IIMA & IIMB in management course with a monthly stipend of Rs. 22,000.
9. L&T offers scholarship to graduates on the basis of GATE Score. It sponsors your M Tech and then recruits you directly after M Tech.
10. Preparation of GATE helps you greatly in preparation of IES (Indian Engineering Services) as well as technical syllabus for both the exams is more of less same.
11. Helps in better preparation for B.Tech semesters
12. Brushing up technical skills for Campus Recruitment

Benefits of M. Tech:

1. M. Tech from a good institute helps you to stand out from the rest
2. Better Placements in top PSUs, MNCs and Indian companies both in India and Abroad.
3. M. Tech opens up a lot of career paths in the fields of Teaching, Research and other Core sectors, apart from the existing alternatives
4. A Minimum stipend of 12,400/- per month is given to regular students joining colleges under MHRD
5. Opportinity to work in research positions like JRFs, in ISRO/DRDO/BARC/IITs etc
6. A M. Tech gives chance to pursue specializations of interest.