Why MBA after engineering is a question that has been asked a lot. Why MBA after engineering is a question that arises a lot, as technology has become more advanced, that is why MBA after engineering has become so important. MBA after Engineering is the field of study which promotes students how to construct and use technology to create machines that can help make our lives easier.
Even though a fulfilling and rewarding field of study, bachelor of Engineering do not have the knowledge or training to be considered for managerial jobs early in their career. They must improve their educational qualification in order to be considered learned enough. One course which has become a fan favourite for the ones looking to improve their careers is masters in Business Administration.
Here, we will be looking into why the Master in Business Administration is a good option for students having pursued a bachelor’s degree in Engineering.
Why MBA After Engineering?
Today’s job market is full of many students with basic qualifications, like bachelor's, in their field of education. Though this is a great stepping stone to start a career and may even qualify students to be hired by various companies, it will not lead to much progress.
When it comes to hiring, companies prefer individuals who have completed a higher degree of course and are able to handle managerial-level tasks. Hence doing a master's gives the student some credibility and instils a sense of confidence in the employer that they are making the right decision in hiring you.
MBA programs can be very effective because of their durations as well. For instance, many countries and universities offer 1 year MBA programs, which is fast and significant for your career.
The most respected course at the master’s level which is sought after by employers is a Masters in Business Administration. The students of this course are considered to be well versed in the skills required to manage a business. This course has a well-developed syllabus structure in order to create professionals ready to tackle all situations in a business environment.
Master’s in Business Administration is a 2-year course (time period may vary) and is taught in most well-developed universities all over the world. The course is designed to teach students core subjects of business-like accounting and finance, along with managerial subjects like analytics and human resources.
Applying for an MBA course is fairly easy, as a background in any discipline qualifies you for it. Individual universities may have their own criteria, for example, GPA scores and previous work experience at the time of admission. Not to mention finding accommodation in USA for students or other countries is easier as MBA after engineering is such a popular choice.
Eligibility Criteria for MBA after Engineering
A Master's in Business Administration is a very rewarding but highly selective field of study. In order to pursue an MBA after engineering, one must meet the following eligibility criteria.
- Complete a minimum of 12 years of higher secondary schooling from a recognized board of education.
- Complete 3 years (minimum) of a graduate course from a recognized university.
- You must have had work experience of one to three years, but this may vary based on the university you are applying to.
- Have a satisfactory score on the standardized entrance test (GMAT, GRE, etc.).
- Must have a satisfactory score on the English Language Proficiency test (TOEFL, IELTS, etc.).
If specializing in a specific field, the school may require you to have studied one or more subjects during your undergraduate program. Do not forget to take GMAT, GRE mock test to score higher.
Types of MBA after Engineering
A Master in Business Administration is a prestigious course which can help one develop into a well-rounded professional. Many people apply for this course a year all over the world. in order to make it easier for the students, there are several ways in which one can pursue this degree depending upon the amount of time they can dedicate to the course. You can also do MBA without GMAT in Europe, USA, Canada etc.
Following is a description of the types of master's in business administration courses available.
Full-time MBA course – this is the traditional way of pursuing a masters in business administration and is the majority format in which MBA is taught all over the world. Of course, the tenure of this type lasts for 2 years and requires students to be actively present in their classes.
Part-Time MBA course – as the name suggests, this type doesn’t require a constant presence by the student at the campus. This is a preferred way of education for individuals currently working or ones without work experience. Though the course covers all essential topics, the course's time can vary well to 3 years.
Distance /Correspondence MBA course- is similar to a part-time course; however, you will not be attending any type of classes on campus. You will be provided offline correspondence for your subjects and will be required for the examination. This is a good option for students who do not have strong financial support.
Online MBA course – these types of courses have become famous with recent development in web and internet technology. Students of this type are provided with the material and lectures online, and all correspondence is taken care of through a screen.
Executive MBA course – this course is for people who have been in the game for quite some time. The course is targeted to professionals with a lot of work experience under their belt, looking to enhance their skill set and resume. the course lasts only 1 year and the classes are generally conducted on weekends.
If specializing in a specific field, the school may require for you to have studied one or more subjects during your undergraduate program. Engineering or MBA, IELTS is important everywhere. Get resources for IELTS to score good in the test.
There are many types of MBA after engineering courses, each with their own advantage. Students may opt for the course that suits their conditions the most. However, students of full-time MBA after engineering courses are said to be equipped with the knowledge of the course better than any other course type. This is to do with the fact that full-time students are immersed in the course and interact with fellow students and experienced professors on a daily basis. There are also some of the best MBA scholarships for Indian students available.
Benefits of an MBA After Engineering
Completing any form of master’s degree is beneficial to an individual. Following are some of the ways completing Master in Business Administration to get many types of jobs after an MBA.
- As a professional with a higher skill set, you would be treated as a valuable commodity to the company. This would directly affect the salary and perks that a company would provide you with. An MBA after engineering degree can help you gain all these perks in your company.
- Working in a high managerial post puts professionals in contact with many people. A large group of these people are professionals well connected in their field of work. An MBA student can benefit from this network of professionals that couldn’t be created without a credible degree.
- As a bachelor in any field of education, you have gained entry-level skills that will make you eligible to work for companies. However, individuals won’t be considered more complex tasks as they are not skilled enough to handle them. MBA students are considered equipped with the tools to handle high-level tasks.
- Many times, professionals, especially in the technical field, realize that they have opted for a career path which is not to their liking or may not develop into something fruitful. A Master’s in Business Administration is a course that can help develop your full potential and also help you set on a path of career progress.
- Both engineering and MBA have their core setup in all top countries. For instance, there are the best business schools in US, along with engineering colleges. Countries like the UK, Canada, etc., also have similar conditions.
Do I need to have work experience before MBA?
To be eligible for an MBA programme at one of the top universities, one needs to have a minimum work experience of at least 3+ years. Another reason work experience prior to MBA helps students to get the best out of the course. How so? These students are able to connect better with the theories taught in the classroom. Also, they are able to analyse situations more practically.
Although having work experience for an MBA is not really necessary, many schools like the ones in India do not require it. However, it is recommended to have some experience as it will help you in the long run. In case you don’t have a good academic record, a good amount of extra-curricular activities, or a good GMAT/GRE score, your work experience can help you cover up your loopholes.
So, it’s time to cheer up if you have got relevant work experience because you might have the edge over other candidates in the admission process.
Jobs to look out for in MBA after engineering
A Master’s in Business Administration is a field of learning that can put you on the map for job hunters. As an MBA holder, you would be considered for many job titles, as the degree you hold makes you eligible for most managerial posts in a company. There are several jobs after MBA.
The company that would hire you would be heavily based on the specialization that you would have picked up when pursuing your master’s in business administration. Currently, the following specializations are in great demand. There are several colleges with deferred MBA programs available for students.
- Information technology
- Private equity
- Human resources
- Data Analytics
The following are some of the job titles that an MBA holder can be considered for, along with the average salary (in INR) that one might make.
- Financial analyst – 3.24 lakhs
- Finance manager – 11.42 lakhs
- Management consultant – 13.5 lakhs
- Operations manager – 7.97 lakhs
- Human Resources Generalist – 2.94 lakhs
- Marketing manager – 7.56 lakhs
- Business development executive – 3.18 lakhs
- Marketing Executive – 3.05 lakhs
- Business analyst – 5.96 lakhs
- Regional sales manager – 11.83 lakh
Best MBA courses list
Master in Business Administration remains one of the most sought-after courses all over the world. There are many reasons attributed to this popularity. Its wide range of applications in businesses all across the field and its platform for people seeking a career change are some of the main reasons.
This has caused many well-known and recently established institutes to add a Master’s in Business Administration into their school’s curriculum. However, as this is a very demanding course, only a few have been able to produce well-rounded professionals in this field. Following is a list of top MBA schools in the world as listed by the QS World Ranking.
- INSEAD, Paris (France)
- HEC, Paris (France)
- Booth School of Business, University of Chicago (USA)
- IE Business School (Spain)
- Columbia Business School (USA)
- Stanford Business School (USA)
- Harvard Graduate School of Business (USA)
- The Wharton School, University of Pennsylvania (USA)
- London Business School (UK)
- MIT Sloan School of Management (USA)
Nowadays, industries are looking for professionals with a mix of both technical and managerial skill sets. Pursuing an MBA after engineering can easily help you switch from a core technical job to a management-based profile. However, the university from where you plan on pursuing your MBA after engineering matters a lot. Be careful about finalizing the university/ college which you plan to do your MBA from.