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Career Opportunity:
Because of development of modern civilization and entertainment field, there are many job opportunities available for Audio Engineers. The scope of Audio Engineering is best in the entertainment industry.
Professionals of Audio Engineering may work in with musical artists, movie directors, television news stations and radio stations. Radio engineering is a highly technical job. It is the rewarding field and after gaining experience, a person can make a good career in it.
Job opportunities for Audio Engineer are available in various fields such as radio stations, studios, Tv channels, advertising firms, multimedia design, animation, movies, with band crews, play houses, theatres, conference centres, etc. One can also open his/her recording studio. Regards.

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.