Why MBA after Engineering?

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 becomes 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, Bachelors 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 favorite for the ones looking to improve their careers is Masters in Business Administration. Here, we will be looking into why the Masters in Business Administration is a good option for students having pursued a bachelors degree in Engineering.

In today’s time, the job market is full of many students who have the basic qualification, like bachelors, 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 masters gives the student some credibility, and instills a sense of confidence in the employer that they are making the right decision in hiring you.

The most respected course at 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. 

Masters in Business Administration is a very rewarding but highly selective field of study. I order to pursue an MBA, one must meet the following eligibility criteria

• Complete 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 may vary based on the university you are applying to
• Have a satisfactory score in the standardized entrance test (GMAT, GRE, etc)
• Must have a satisfactory score in the English Language Proficiency test (TOEFL, IELTS, etc)

If specializing in a specific field, the school may require for you to have studied one or more subjects during your undergraduate program

Masters in Business Administration is a prestigious course which can help one develop into a well-rounded professional. Many people apply for this course in 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.

Following is a description of the types of masters 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. The tenure of this type, of course, lasts for 2 years and requires students to be actively present at their classes.
• Part-Time MBA course – as the name suggests, this type, of course, 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 time period of the course can very well-exceed to up-to 3 years.
• Distance /Correspondence MBA course – it is similar to a part-time course; however, you will not be attending any type of classes on campus. You will be provided with offline correspondence for your subjects and will be required for the examination in the end. 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. The students of this type, of course, 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 the 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

There are many types of MBA courses, each with their own advantage. Students may opt for the course that suits their conditions the most. However, students of full-time MBA 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.

Completing any form of master’s degree is beneficial to an individual. Following are some of the ways completing Masters in Business Administration would benefit a professional

• As a more 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 degree can help you gain all these perks in your company.
• Working at a high managerial post puts professional in contact with many people. A large group of these people professionals well connected in their field of work. An MBA student can benefit from this network of professionals which couldn’t be created without a credible degree in hand.
• 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 as equipped with the tools to handle high-level tasks.
• Many times, professionals, especially in a technical field, realize that they have opted for a career path which is not to their liking or may not develop into something fruitful. 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.

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.

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

• Information technology
• Private equity
• Human resources
• Finance
• Marketing
• 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

Masters 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 application in businesses all across the field and a platform for people seeking a career change are some of the main reasons.

This has caused many institutes, well-known and recently established, to add 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 most MBA schools in the world as listed by the QS World Ranking

1. INSEAD, Paris (France)
2. HEC, Paris (France)
3. Booth School of Business, University of Chicago (USA)
4. IE Business School (Spain)
5. Columbia Business School (USA) 
6. Stanford Business School (USA)
7. Harvard Graduate School of Business (USA)
8. The Wharton School, University of Pennsylvania (USA)
9. London Business School (UK)
10. MIT Sloan School of Management (USA)

Nowadays, industries are looking for professionals which have a mix of both technical, as well as managerial skill set. Pursuing an MBA after engineering can help you switch from a core technical job to a management based profile easily. However, the university from where you plan on pursuing your MBA matters a lot. Be careful about finalizing the university/ college where you plan to do your MBA from.