Many engineers today are opting to pursue MBA after completing an engineering degree. But you must ask yourself, why MBA after engineering? If you are someone who has an engineering degree, has tried the job market but found it lacking in opportunities, then an MBA could really help you spruce up your resume and help you redefine your career.
However, an MBA degree is not a magical solution to issues you are facing regarding your career. It is important for you to analyse your career goals, current situation, and future scope in the field that interests you. Simply pursuing an MBA without a proper goal in mind will not lead to the desired results.
Let us first look at the reasons to do MBA after engineering, the best specialisations open to you in MBA, and whether an MBA is the right choice for you after engineering:
Why do Engineers do MBA After Engineering?
- Diverse Career Opportunities
An MBA can really help you diversify your career opportunities. Since it is a comprehensive management degree, it can help you climb the corporate ladder much faster. You can also work in different industries, making your career scope much wider in the long run since you will have the knowledge and training to do so.
- Globally Recognised Qualification
An MBA degree is globally recognised. Many leading multinational companies prefer candidates with a background in management to lead their teams. Even companies that recruit engineers are keen on professionals holding an MBA as they are better equipped to lead teams, manage projects, coordinate with employees, and much more.
- Enhanced Managerial Skills
No other degree will give you access to better management and leadership skills than an MBA. An engineering degree is very technical with limited scope for managerial skill development. Combining your engineering degree with an MBA can put you on the radar of top multinational companies who want to hire managers with a technical engineering background.
- Better Pay
Since an MBA degree can lead to management position jobs, the pay scale for such jobs is also quite lucrative. Add to that an engineering degree, and the scope for a higher paying job increases magnificently. Most engineers are already well-paid so if you opt for an MBA after engineering you will be seeing a significant rise in your pay.
- Developing Soft Skills and Personality
Engineering is a very technical field with limited scope for soft skill and personality development. A management degree on the other hand is very practical in nature where students have to engage in projects, assignments, group discussions, global immersion programs, and other such activities that can help develop their soft skills and personality significantly.
- Changing Your Career Track
Many students in India opt for an engineering degree after class 12 out of peer pressure or just for its prestige value. However, they soon realise that they are not keen on a career in engineering. In this scenario, an MBA degree can meaningfully help you change your career track to the field of your choice. Your engineering background can strategically add to your MBA degree in this case.
- Scope for Entrepreneurship
Many engineers are keen on entrepreneurship but lack the skills and knowledge to run a business. An MBA degree can actually help them gain the knowledge, skills and academic background to run a successful business. Many bright minds are venturing into entrepreneurship to be their own boss. An MBA degree can help you become a job creator rather than a job seeker as an engineer.
Top MBA Specialisations After Engineering
There are many MBA specialisations offered by top engineering colleges in Maharashtra that you can apply to after completing a degree in engineering. Here are some of the best MBA specialisations you can pursue to compliment your engineering degree:
- Business Analytics
You can combine your technical expertise and mathematical knowledge gained through your engineering qualifications to make waves in this data-driven field.
- Banking and Financial Services
Analytical and technical skills gained through an engineering degree can help you make informed business decisions regarding complex financial and banking avenues.
- Marketing Management
Knowing the product inside-out as a skilled engineer can help you market it to customers, suggest effective promotional techniques, and provide constructive feedback regarding the product.
- Human Resource Management
Technical resource personnel are in huge demand in the human resource management field. Professionals with a technical background are needed to help recruit skilled professionals for a business to run efficiently and successfully.
- International Business
Multinational companies are looking for professionals with technical know-how to navigate various global markets. Pursuing this specialisation after engineering can help you learn cross-sectional management and technical business strategies etc.
Conclusion: Is MBA After Engineering the Right Choice for You?
Without doubt, there are many benefits of MBA after engineering. Despite all the advantages, you must still ask yourself whether it is the right choice for you. As an engineer, pursuing a career in a technical field related to civil, electrical, computer etc. may seem like the obvious choice.
However, if you feel like your career needs a boost then an MBA can really help you in that avenue. So, make sure you pursue an MBA from a leading management college like Sandip University to really elevate your career in the right direction. Good luck!