Master of Business Administration or MBA is one of the most popular professional courses in the world. Many see it as a key to unlocking a successful career. There are various factors contributing to why such large numbers of students from diverse academic backgrounds are willing to pursue an MBA, we will explore some of them here.
Why is an MBA after B.Tech the most viable career prospect for students of late? Are the jobs different for MBA vs PGDM? Though all MBA courses offer a particular specialization, nonetheless it is a very useful course to enhance your general understanding of business organizations as it imbues various valuable skills within a student, like communication skills, creative problem solving, etc.
Aspirants often ask, why MBA after engineering? The answer to this is very simple: MBA is an internationally recognized degree, which helps tremendously to boost the confidence of young graduates who wish to make an entry into the business world.
However, the value of an MBA is not limited to that of the business world only. An MBA can prove to be useful for those seeking entry into the public sector, Govt. jobs, PSUs, etc.
Why an MBA after Engineering?
An MBA after Engineering is a fantastic option as it teaches you how to market the products that you build. An MBA after engineering pushes engineers to rise up the career ladder to reach top positions. Since top companies are constantly on the lookout for professionals with experience in the managerial field, an MBA after engineering is a course tailored for career success.
Here are some of the avenues an MBA after engineering can open up for you:
- Engineers are able to crack management exams like MAT, CAT with ease as they consist of logical reasoning and quantitative aptitude.
- You can easily pursue a career abroad as there is an abundance of job roles for MBA graduates with a background in engineering.
- These job opportunities also bring along competitive packages.
Benefits of an MBA after Engineering
The benefits of an MBA after engineering are plenty and that is what we are going to talk about in this article.
MBA is generally a two-year program, however, a 1-year course has also gained popularity of late. This is seen as one of the biggest reasons why engineers do an MBA. Core Subjects that are usually included in MBA are accounting, operations, economics, marketing, and operations; in addition to these, various elective courses give students more room for navigation. Here are some benefits of an MBA after Engineering:
- Flexible options for education: An MBA after engineering opens up a world of study opportunities in the technical as well as management arena.
- New and novel skills: An MBA can help an engineering student grapple with more complex and abstract strategic problems, instead of only focusing on structured engineering-related issues, which they may have already encountered before. An MBA can provide solutions with regard to systematizing business structures.
- Career options: Since you have an edge with your technical as well as managerial skills, more career opportunities are bound to open up for you.
- Higher-income: Many BTech students tend to pursue an MBA afterwards because of a fatter paycheck.
Let's delve further into the possibilities of an MBA after engineering.
Why MBA after Mechanical Engineering?
This is a much sought-after question. There are numerous MBA courses that are quite relatable to mechanical engineering. Students from the field of mechanical engineering often think, which specialization is best in MBA after engineering?
It provides students with a mechanical engineering background, a lot of options since they are very well equipped with technical skills and creativity which makes them quick learners. The answer to why MBA after mechanical engineering is that students usually combine their mechanical engineering degree with an MBA in operations management, human resource, product management, and operations, as these are most relatable to a mechanical engineering degree.
Why opt for an MBA after Civil Engineering?
What is the scope of an MBA after civil engineering? MBA can prove to be a beneficial alternative to students of civil engineering as it provides room for an ample amount of growth. Which field in MBA is best after engineering? Students of civil engineering generally opt for an MBA in Finance, Marketing, and Operations.
The reason why students opt for MBA in finance after civil engineering is that it increases the scope of the types of companies you can work with. You can get offers from property consulting firms, real estate developers, banks and financial institutions, infrastructure development companies, cement companies, companies that are into managing properties and real estate, government & regulators. You can also be given a role in a company to handle corporate finance and project finance.
If you wish to pursue an MBA in marketing then it can fetch you jobs in manufacturing companies like real estate developers, cement manufacturers, banks & financial institutions, the FMCG sector & others.
Understanding the Possibilities: Why Do Engineers Pursue an MBA?
Many engineering students are at a loss of understanding the career options for them if they happen to pursue an MBA after engineering. In the case of an MBA after Btech, most are not satisfied with what the market has to offer them in terms of money and the quality of the job. Which specialization is best in MBA after engineering?
Is it good to do an MBA after engineering? On average, around 1.5 million people graduate as engineers each year. However, most are not able to secure a desirable placement after completing it. This is the sole reason why many of them opt for an MBA after BTech.
Despite the vastly prevalent perception that engineering offers lucrative career options, the ground reality is quite different. According to the National Employability Report 2016 by Aspiring Minds, only about 8% are fit for core engineering jobs. So the question that bothers most is why an MBA after Btech? Is an MBA for engineers a good option? What is the scope of an MBA after Btech courses?
Do companies give more preference to an MBA graduate?
There are various benefits of an MBA after engineering as it offers much more enhanced career options and opens new vistas. It gives an extra edge over other engineering graduates in terms of job placement. Keep in mind that this is different from the basic MBA eligibility requirements and pertains to decisions on your choice of specializations. There has thus been a noticeable trend among all the companies to give preferences to an MBA graduates as they are better equipped with the understanding of the functioning of business organizations. This is often the answer to why you should do an MBA after engineering.
Do you aspire for a fatter paycheque?
What is the scope of an MBA after engineering? MBA would help you secure a fatter pay cheque compared to all your engineering colleagues. It has been invariably proved in many studies that an individual with an MBA after engineering draws much more salary than any other engineering graduate. One can also expect a much rapid increase in their salary. Most MNCs give preference to MBA holders as it makes them more conversant with the nitty-gritty of the business world and thus more useful in a business model.
Do you want the necessary skills?
It inculcates necessary communication and managerial skills which is highly valued in the corporate world. Being an engineer, one is expected to be soundly conversant with all the technical know-how, however, one may find themselves lacking in managerial and communicative skills which are indispensable for acquiring a top position in any organization. A good B school imbues in its students a valuable skill set that includes effectiveness in teamwork, leadership skills, creative problem-solving skills, and critical analysis. An MBA degree polishes all such skills which the student finds extremely useful once they enter any organization. Some people often end up wondering, is MBA harder than engineering? Well, with the perks involved in the degree, these questions surely cease to exist.
Do you want to make your way up the career ladder rapidly?
Individuals often start as contributors in most organizations. Thus, an MBA for engineers helps them skip the queue. Equipped with an MBA an individual can reasonably expect to be hired in a managerial position, which they would have got after gaining a few years of work experience. Thus, the time, effort, and money invested in an MBA handsomely pays off. An MBA can also expect to climb the corporate ladder much faster and more rapidly.
Do you wish to expand your horizon?
An MBA after engineering would help you expand your horizon. Subjects taught in graduation have a much narrower scope and applicability compared to the vast number of options that an MBA has to offer. MBA specializations in India cover a vast array of subjects including economics, finance, HR, IT, Statistics, etc. So it offers a vast opportunity to select any of the various fields in which you would like to pursue a lucrative career. However, one must carefully select an MBA in a stream that is most relatable to their engineering degree and would offer them the most lucrative career option.
Do you wish to be a part of essential networking?
Networking is another crucial factor one must keep in mind. An MBA after engineering helps in forming a crucial network coupled with the opportunity to interact with stalwarts. Any student of a reputed B school forms an incredible network with the alumni. A strong alumni network is a valuable currency that might make a beneficial return in the future. Thus, you would get an opportunity to interact with a lot of insiders.
Image Source: Sharda University
Which MBA Specialization is best after engineering?
The answer to the question completely depends on your area of interest and the field in which you ish to develop your skills. No specialisation is superior than the other and your career path will be defined by the MBA specialisation you choose for yourself. Here are some specialiations you can choose from:
- Operations Management
- Product Management
- International Business
Factors to consider when choosing an MBA Specialization after Engineering
Which best course in MBA after engineering is a question all aspirants think of after the completion of their B.Tech. Should they consider an MBA in Marketing or an MBA degree in finance? The specialization they opt for is based on the following factors.
- Disillusionment: Many engineers tend to get disillusionment after entering their engineering college. Halfway through the course, many lose interest and realize that it is not the best career option for them. Thus, they are not sure what the best course for them might be after their graduation. So this is a great factor that contributes towards this affinity shown by engineers to pursue an MBA after engineering.
- Fulfilment of expectations: All engineers expect a certain quality of the job that such a resourceful professional degree might afford them. However, most engineers don’t get the quality of job and money they had initially expected, much of this is owing to the lack of quality education at the graduation level coupled with the reality of the market which is churning out fewer jobs each year. For many, an MBA in marketing seems like the best choice available because the marketing sector is on a steady rise as of late. This is also a contributing factor to why an engineer chooses to do an MBA after engineering.
- Easy to get admission: Engineers often find it easy to crack the CAT exam. Quantitative aptitude and logical reasoning form a major part of the syllabus of these entrance tests, which most engineers find a cakewalk as they are already very versed in difficult subjects like calculus and physics. It is due to their analytical abilities too that they consider doing an MBA in finance after engineering. Thus, they can reasonably expect to score handsomely on their CAT exam, which can get them into reputed B Schools.
- Better alternative: Very often, engineers do not want to pursue an M.Tech as it offers a very limited scope in terms of job placements and a variety of jobs. Thus, for those who want to pursue further studies, an MBA is a very good alternative, not only in terms of money but also because it provides much more diverse career options. Traditionally engineering is considered a safe bet. So, an MBA after engineering is a much safer bet and offers a much more stable path for the future.
- Entrepreneurial Skills: All engineers do not wish to do a regular 9-5 job, many wish to pursue their entrepreneurial ambitions. An MBA degree inculcates within its students the necessary entrepreneurial skills one needs to have to create a start-up. Many choose an MBA in Finance due to this reason as finance forms the core of all business operations. It provides an ecosystem where a student can understand the nuances of a successful business model. So, if you are willing to start your business venture, then an MBA after engineering offers a mine of opportunities.
Conclusion: Is It Worth Doing an MBA after Engineering?
To get a fair answer to this question, we must take into account various factors. Firstly, an MBA program is quite expensive and might burn a hole in our pocket, so to speak, however, one must not get intimidated by it as one can also expect a decent output. However, while calculating the input, one should also weigh in the time invested in the MBA. It is generally for two years, so they should also consider the loss of employment during that period. MBA vs B.Tech is a never-ending dilemma that requires some solid answers in place.
Return of investment is often talked about when one is eager to find the benefits of an MBA. ROI is a very useful tool, in assessing the efficiency of investment. It is the cost of benefit divided by that of investment. The scope of MBA after engineering is endless and one needs to carefully consider all of it before seeking admission to a B School.
One can reasonably expect to make handsome returns on investment in an MBA degree in terms of money and time, as it would lend you a better position in any corporate organization and would help you earn significantly much more than a graduate student. Besides, getting a job in a managerial position, would not only be a much better choice but would also provide you with the opportunity to climb the business ladder swiftly. This is another crucial factor one must not miss out on while measuring ROI and which MBA is best after B.Tech.
You should calmly and independently weigh all such factors while assessing the benefit an MBA can have for you and how it would prove to be beneficial for you in the longer run. You should also meticulously assess as which specialization in MBA would give you the most out of it. In a nutshell, it can be said that when all such factors are taken into consideration, an MBA after engineering seems like the most lucrative career choice ever!
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FAQs about Dual Specialization in MBA
FAQs about MBA after Engineering
Is MBA harder than engineering?
Which is better, an MBA or BTech?
Is an MBA easy for engineers?
Why MBA after B.Tech CSE?
Why an MBA in finance after engineering?
Proficiency in mathematics and analytics also makes it easier for engineers to breeze through subjects like accounting, statistics, Securities analysis, private equities, etc. In addition to these engineering students with an MBA degree can afford greater flexibility and adaptability which significantly helps them to choose various roles in a business organization.
Why marketing after engineering?
Why HR after engineering?
Can I do an MBA after B.Tech?
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