Why MBA after Engineering?
Why MBA after engineering
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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.
Eligibility Criteria for MBA after Engineering
- 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)
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Types of MBA after Engineering
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.
Benefits of an MBA after engineering
- 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.
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Do I need to have work experience before MBA?
Although having work experience for an MBA is not really necessary as there are many schools like ones in India which do not require it. However, it is recommended to have some experience as it will help you in a long run. In case you don’t have a good academic record; good amount of extra-curricular activities, or good GMAT/GRE score, there work experience can help you covering up your loopholes.
So, it’s time to cheer up if you have got a relevant work experience because you might have edge over other candidates in the admission process.
Jobs to lookout for in MBA after engineering
- Information technology
- Private equity
- Human resources
- Data analytics
- 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
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Best MBA courses list
- 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)
Attaining a one year MBA degree from a top-class university is not less than the conventional two years MBA program. Earning a MBA degree not only looks good in your resume but also contributes a lot to your personality.