The use of scientific principles to create machines and tools that reduce the human load and makes a task more effective & efficient is called Engineering. In short, if we talk about engineering, it is always seen from a technical perspective, moreover which is a scientific branch. Now on the other side, MBA is the "Master of Business Administration”. It is typically a two-year program that is commonly pursued by the students belonging to the commerce stream, which aims at molding an aspirant to be capable in management and to be a specialist in one particular specialization. In this article, you will get a very clear idea about "Is an MBA worth it for Engineers". If being an Engineer, you are reading this article there must be a question arising in your mind.
Can I pursue an MBA after Engineering?
Pursuing a particular thing depends totally on your capabilities, interest & sometimes your ultimate goal. Talking about pursuing an MBA after Engineering, it has been observed that many engineers pursue MBA after engineering. Many top scorers of management examinations like CAT (Common Admission Test) are engineers from various IITs. So, pursuing an MBA after engineering is totally on you whether you have lost interest in the subject or if you're seeing yourself to be more successful as a Product project & Marketing Manager in the next 5 years.
Is an MBA difficult for Engineering students?
Yes, no doubt it is. But difficulty differs from student to student in terms of intelligence, understanding, and grasping capabilities. Talking about the hardships & hurdles, a time may come as an MBA student when you might question your decision. But you have to hang in there, as you have already decided your path, there is no turning back or a second re-thinking because the course will soon turn fast-paced. Discussing further, many engineering students pursuing an MBA quote that "it also depends on the level of interest and understanding one has for this subject". For someone, both can be tricky, or either of these two courses can be hectic or troublesome & visa-versa”. Some students have found engineering topics like fluid mechanics, quantum theory, relativity troublesome or useless, and on the other side topics like advanced statistics, financial analysis is very undigestible.
What is the profit of doing an MBA after Engineering?
It has been recorded that an MBA is one of the most pursued and popular courses that students do after BTech. Also, most of the toppers in top institutes & universities have an engineering student background. Surely, there are many reasons for MBA being the most commonly pursued course in India. One of the biggest reasons is it increases one's employment probability in renowned MNC's. It also affects your salary and shapes an individual's professional personality which is a need in today's era of face-paced professionalism that demands high skills and the ability to stand out from the crowd. At last, it surely secures your perfect future. Which MBA specialization is best for Engineers? Now there is this thought-provoking thing about MBA. Similar to engineering, an MBA stream is very dense and has vast specialized branches in itself. Choosing between numerous specialized branches of an MBA can turn at times very confusing and arduous. So let's have a look at which MBA specialization is the best for you as an engineer.
1. MBA in Marketing: Marketing is one of the major priorities of big companies. Marketing can be stated as the backbone of a company. A specialized MBA in the marketing branch can help you a lot with understanding the need for potential customers, the flow of the market, the relation between market & consumer behavior, different advertising and promotional tactics, and many more valuable skillsets.
2. MBA IN Human Resource Management (HRM): Today in this extensive highly competitive environment every company needs an intelligent & competitive man force. Here HR administrator comes in huge demand to handle the hiring of valuable employees that can make a company grow from better to best. An HR manager handles the hiring, compensation, salary, training of an employee for a particular company. If you have excellent communication skills, a multitasking mindset, you have huge chances of being the best HR from an MBA.
3. MBA in Finance: An MBA in Finance is one of the most chosen among the students. It is quite common that an engineer develops reasonable mathematical and analytical abilities during the time of graduation which will undoubtedly be a great plus point in understanding subjects like Accounts and Economics because you can relate the problems with rational scenarios. If you have abilities like analytical thinking, fast & accurate decision-making skills, assessing profits and losses of a company. Then you can surely pursue Finance in an MBA.
4. MBA in Operational Management: In simple words, Operational Management is best fitted for Mechanical Engineers, this is simply because this field compels a wide knowledge in various product development and designing, process optimization, etc. In this specialization, one learns to process shortcomings, formulate vendor and interdepartmental operations. MBA in Operational Management will help you develop skills that are needed for operating in generic procedures and techniques that help ineffective management of output and quality management in a particular industry.
5. MBA in International Business: (IB) Today every business wants to expand and spread its branches globally and wants to grow in this highly competitive business environment. That's the reason why today almost every company is looking for an IB manager and that's why an MBA in international business is highly in demand. MBA in International Business involves running a business on an international scale successfully. It has relatively unique subjects and delivers an equally extraordinary career. This requires good communication skills because you have to talk to international clients and formulate an understanding of the different policies & cultural standards across the globe. Students of IB learn about protocols involved in export and import, making valuable clients in foreign. Also, this improves your chances of touring around the globe to develop a healthy customer relationship.
Who earns more: MBA or an Engineer?
At some point, a question should arise in your mind, " how much will I earn after completing my MBA" or even before pursuing an MBA you might want to know "Who earns more in terms of salary, An MBA graduate or an Engineer?" Well, the estimated average salary of engineering graduates is almost the same as those holding an MBA degree. However, if we specifically talk in numbers the expected salary of an IT graduate is around Rs945,852, whereas the salary odds of an MBA student is Rs924,660. According to a report, engineers have more probability to get employed than MBA graduates. Business & commerce students, however, have narrowly softer probabilities at Rs877,786 as their income. Financial services, accounting operations & banking fields are the best jobs opted among the commerce students.
Is it a good idea to do an MBA after engineering?
In today's era of extreme market competition institutions, industries, and various companies are looking for people that can handle the workload, multitask, have a competitive mindset, and can also motivate their employees to give maximum profit output. Apart from the professional requirements, the interests of an individual an MBA after Engineering has tons of upper edges like: An MBA will help to develop managerial skills and will mold you into a very successful Specialized manager. MBA will surely help to understand the business, market, and flow of customer behavior. An MBA helps you to create a successful career in this professional & business world. Increases career personalities. It helps you make a very inspiring personality as well as an intellectual mindset for yourself. MBA can surely turn out to be useful for aspirants who are planning to get into the various public sector, Government institutions also different private sector MNC's. There are various advantages of doing an MBA after engineering, it provides a more successful career and increases the employment probabilities. It gives an upper edge over engineering candidates in terms of employment, placement in various companies, and in the end a handsome paycheck, ultimately perfect job satisfaction.
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