MBA and engineering are both two poles apart courses but certainly, these two courses go really well in the job prospect. Let’s start by knowing what MBA and engineering are two different courses and how they benefit your future.
MBA stands for masters of business administration, a very highly valued degree that provides a student with developmental skills for a career in business and management. Getting an MBA degree teaches you to successfully manage, lead, organize and adapt to a variety of business environments. The skills learned through an MBA program prepare you with practical skills as well as the theoretical knowledge that will help you in the industry and also if you want to set up your own business.
To get into a good MBA college you need to clear an entrance exam like CAT, MAT, GMAT etc. each university or college has a different procedure and you should research this before getting into any college. The core curriculum of subjects for MBA is, accounting, economics, marketing, and operations, as well as elective courses that allow participants to follow their own personal or professional interests. Internships are another major part of this course, many job recruiters look for students who have a work experience and the best way to get it while continuing your studies are in form of internships.
SOME OF THE MOST CHOSEN SPECIALIZATION IN MBA IS:
An MBA degree gives you recognition and leadership skills that you need for your workplace. A post-graduation degree such as an MBA prepares students to work in wide range of business organizations, thus giving you right knowledge and expert advice. MBA is currently the most popular internationally-recognized professional degree in the world. It opens up a wide range of career opportunities to students.
Traditionally a two year MBA program is what the industry demands but one year MBA programs have become increasingly popular. There are various part-time and online programs for people who want to work while they complete their MBA, this has also become highly in demand these days. The average salary of an MBA graduate maybe 20lakhs per annum, but it differs from company to company and also on your experience in the field.
This is the career path any student will choose after PCM. It is a 4-year course. One may go for the undergraduate course that is B.E. or B.TECH. For the admission procedure, you will have to prepare for a national or state level entrance test (example: IIT-JEE, GATE, UPSEE, BITSAT) depending on the college you prefer to get into.
Students can also do masters after the undergraduate course like M.E. or M.TECH. This is for a span of 2 years. You can be easily recruited in the public or the private sector after your course completes.
Engineering in itself is a very wide subject, you can choose from a lot of available branches of engineering.
SOME FIELDS TO OPT FOR IN ENGINEERING
The job profiles that are offered after engineering are chief engineer, assistant engineer, supervisor etc. The average salary for a beginner would be somewhat around 30k-75k INR per month.
ADVANTAGES OF ENGINEERING
The biggest advantage after this course is financial security as this is known to be the highest paid career amongst all. They also make a contribution to the society through their knowledge and design, which is the main goal of engineering. Engineering can also be a very beneficial career to a person who likes challenges, as they face the challenges of math and science, and accept the fact that almost nothing goes right the first time. The career can also be rewarding for those who are creative thinkers, as engineering by nature is a very creative profession.
IS MBA A GOOD OPTION AFTER ENGINEERING?
Now coming back to the most important question is MBA a good option engineering well you will be glad by the answer that YES, it is a good option. Now let’s talk about how it is a good option for engineers to have an MBA degree.
1: If you have done engineering and MBA you can get a good placement in a technical field as well as sales and marketing. As we are moving towards digital world it will be a plus point for a person in the interview to have technical knowledge that will be provided by engineering and leadership and managerial skills that will be provided by MBA.
2: The other reason why MBA is important after engineering is even in coding you need to have knowledge of what kind of project you are working on or if you are given a team how to manage a team and act responsibly. The more experience you have the more opportunity you will like to take in a project and for this business knowledge as well as technical knowledge is very important as they go hand in hand.
REASON WHY MAJORITY OF STUDENTS OPT FOR MBA AFTER ENGINEERING
India produces 1.5 million engineers every year with approx. 4000 colleges. Over the last few years, we can see an increase of almost 200 % in the intake and pass out of engineers. Right now India is producing engineers more than U.S and China took together. Thus, the average salary of an engineer comes up to 30k and if you are from a private college then your salary will be somewhere around 13-20k per month which is too less for what they pay to survive 4 years and here management will allow you to change your field and earn more but the plus point always remains that you have all the technical knowledge required and MBA will simply enhance this knowledge will leadership and managerial skills. MBA will increase the value of your engineering degree. In the scenario of a company, they look for employees who have knowledge of their subject, have relevant skills for the job, and also who can multitask. Certainly, MBA after engineering makes your resume look better as the recruiter would know you have relevant talent and skills for their company.