All around India, we see scores of engineers rushing to crack CAT or other management entrance exams so they can get an MBA. The trend has been around for a decade or so and shows no signs of declining. If you, as an engineer, are on the fence about taking a shot at management courses, then here are 5 reasons why MBA after engineering makes perfect sense.
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Your market value increase
Your market value is determined by a) the number of skills you have b) the number of skills you can expertly deliver results in. As an engineer, you would already have a portfolio of skills that make you desirable in the market. You’ll be ready to create products and work on technologies.
With an MBA in hand, managing team, people, strategy, and other skills will also be added in your portfolio. Not only will you be capable of producing but also of leading and managing. This automatically increases your market value and what you have to offer. You can also read 5 Valuable Skills You Need to Study For an MBA.
Your pay also increases
With more value to offer, the compensation you get also increases Not to mention, managing and coordinating people is a whole lot tougher and time/ energy consuming than managing yourself.
The execution of so many processes depends on how you align them and so many business relationships rest on how you communicate with the associates. Hence, with an MBA degree in hand, you can command greater packages.
You have more options to choose from
Whether you are interested in a purely technical career or not, with an MBA, you can choose from a wide variety of careers. You can choose to apply your technical skills in any management related field for example finance, operations, sales, marketing.
This way you get to weave together different interests while making use of all that you learned. Not to mention, you become recognized as a specialized professional which only adds to your market value.
Your start at a higher level
With a B.E./B.Tech. only, you’ll be very likely starting from the bottom of the hierarchy. With an MBA, though, you’ll be directly entering at the middle-management level.
This will not only enable you to climb up the corporate ladder quicker but also add to your experience quickly. You’ll likely be handling big projects at this level and playing a key role in the organization’s growth.
You build a crucial network
A key aspect of an MBA degree is network building. No matter where all your classmates get ultimately placed, you’ll have built a strong network of professionals who you can reach out to for career growth and job change. Just make sure to return the favor or sometimes be the first one to be generous.
You grow personally
With an MBA in hand, you’ll grow personally. Your communication, negotiation, strategic, and organization skills will improve. You’ll learn to think on your feet and take risks. You’ll acquire the ability of analytical and critical thinking for the long-term.
All these qualities are challenging to practice. But once you do learn them, they’ll be immensely rewarding professionally and personally.
All in all, an MBA after engineering is a wise choice. Be it monetarily or from the perspective of challenges and prospective growth, an MBA opens up a vast horizon of opportunities that you’ll only get to see once you complete your 2 years of the degree. If you want to get your career uplifted and excel MBA, check out Executive MBA in Business Analytics course.
What is the scope of MBA post engineering?
An MBA after engineering is expected to perfectly complement your technical expertise with business management understanding. This not only enables you to understand both strategic and operational perspectives, but it also makes you a valuable asset in a range of functions and industries. MBA can help engineers reach upwards in position with the much-needed managerial skills. So MBA is a journey from a technical role and traversing up in your career to fill managerial roles. Engineers who would build unique products will be able to market them successfully with the help of an MBA.
Can an MBA after engineering boost my career?
Yes, there are multiple benefits of pursuing an MBA after an engineering program. You are equipped to understand the business as a whole after pursuing an MBA. MBA will teach you the right managerial skills by focusing on finance, marketing and communication, human resource management, time management, enterprise management, and more. This will help you climb up the corporate ladder. You will be able to find more lucrative offers. Overall, you will experience career progress by widening your options in the long run thereby connecting the two domains.
What kind of financial benefit and job opportunities can I expect after doing MBA post engineering?
You are likely to experience a salary increase of 50% after pursuing MBA post engineering. In recent times, engineering has enabled many opportunities in multiple domains. Business requirements across industries are ever changing. Many new job roles have evolved and organisations do need professionals who are not only excellent managers but also technically sound. The business world is well-aware that engineers would have honed analytical and technical skills. These are the most coveted skills in new-age roles. Hence pursuing an MBA could be a life-changing opportunity for engineers offering roles in data & web analytics, data science, digital strategy, business process consulting,