M.Tech or MBA?
After graduating from B.Tech if you are planning for higher studies then you have two great options either go for M.Tech or MBA. For this, you would have to go thoroughly understand what opportunities each would bring your way and which career path would be the best for you. So if we begin with a comparison between the two we come into this conclusion that there is no point of comparing M.Tech and MBA courses. Both are specialized degrees and have their own value in their respective fields.
The two of them M. Tech and MBA provide excellent career options and have gained their importance over time. M. Tech or MBA is always an additional advantage to an engineer whether it is in terms of experience, knowledge or career in the path. The requirements for both MBA or M.Tech is equal be it an IT or manufacturing establishment.
The basic difference between an M. Tech graduate and an MBA Student is an M.Tech Graduate would be more of a subject matter specialist, whereas the MBAs would handle product sales and marketing, human resources, IT process, project management,consulting and customer service management etc.
Estimate your choice and come to the conclusion:
As a matter of choice, you should make the choice on the basis of your career goals, capabilities and interests. If you want to continue your career in the technical field, then M. Tech is the right choice for you. After that, you can get into the research or teaching sector. Specifically, M. Tech is suitable for a product- based industry where technical skills are required. .Whereas an MBA is more suitable for a service and customer- oriented industries. Engineering graduates having a management degree are perfect for front-end sales, customer-facing jobs and field applications.
And if you want to work in the corporate sector, then MBA is the way to go. It is a management course and hence would enhance your bureaucratic, leadership presentation and communication skills etc. After MBA you get the entry to the field of business and administration where you can go in for options like marketing, sales, human resources and operation management.
Future Prospects for MBA and M. Tech Professionals
The first choice of the stream in MBA for a B. Tech candidate should be Operations, as technical know-how and operational work go well hand in hand. Secondly, they can opt for an MBA in Finance or IB, and then followed by an MBA in Sales and Marketing.
NOTE: There is no gain in choosing an MBA in HR after a B.Tech.
It's also recommended to get a work experience of three to five years before opting for MBA and going for PGDM courses as cream institutes like ISB or IMI choose to train people who already have industry experience. This helps an individual decide the exact domain in which he wants to make a long term career.
These days the industry follows a trend. Most of the product companies look for Product Managers with a B. Tech degree and in most cases an MBA degree as well. However, B. Tech and M. Tech candidates are the first choices for getting into technical architecture and engineering teams.
It is alarming that lately, B. Tech graduates are choosing to go for an MBA as it boosts the monetary gains and the avenues for career enhancement. Today India seems to have been witnessing a shrink in the supply of qualified and seasoned M. Tech professionals as there are various diversified fields to choose from after B. Tech. M. Tech provides an opportunity to specialise in a particular area of interest, such as embedded technology or robotics and thus enhances a techie into a technologist. From here, one can get into hard-core research assignments or handle the tech operations for a top IT company. Hence M. Techs can seek career opportunities in the corporate sector with core engineering companies such as L&T, or they may wish to go for research & development too.
M. Tech can lead to exceptionally high paying and well-settled careers but at a lower frequency, which is the main reason B. Techs go for an MBA.
How to begin?
To enrol for M. Tech in a reputed institute like the IIT, you need to crack the GATE entrance exam. In case you plan to pursue an MBA, then there are entrance exams like CAT and MAT which you need to clear. Ifyou get into work after B.Tech, you learn to put your theoretical knowledge into use, still to improve upon your knowledge of design or research aspects, you need to go for the masters. It will always be difficult to crack the entrance exam GATE while you are on job. Hence it is recommended to qualify the GATE exam in the final year of study and get a job thereafter. The GATE score is valid for two years.
MBA on the other hand, as we have discussed earlier, is better if you choose to do after you have gained some work experience.
Pros and Cons of Both the degree:
Engineering students who want to excel in their subject and want to prosper more than doing M.Tech would be a better option as M.Tech is a specialization course that would make you develop your technical skills. Being an expert in a particular field is always advisable and admirable for others.Even the competition in this field is not so high. You get to taste much more success than being in an MBA field. You can go for posts like Junior Engineer, chief Technical officer. Also once you do M.Tech you can pursue a doctorate degree. A PhD Can also fetch you into top positions like a lecturer in IIT or research Institutes.
Even if M.Tech is the most selected career option after B.Tech, students prefer to choose MBA instead of M.Tech as MBA gives more options than M.Tech and the career path for M.Tech is limited up to some extent. The biggest demerit of M.Tech is its limiting scope. Nowadays a successful career matters more than knowledge. As the corporate world is increasing day by day to gain success one has to have a good knowledge about business management, marketing etc.and as M.Tech does not have a grab over these fields it might cause a big backward st6ep for the M.Tech graduates. Also, an M.Tech course is very difficult and requires a lot of hard work throughout its academics. Students who are really interested in studying should choose for M.Tech. And the biggest drawback is there are very few colleges which provide good M.Tech courses and faculties and finding them is very difficult.
MBA is such a program which lets you have a deep and wide knowledge about the different spectrum of situations related to business, marketing, etcIt gives a great number of opportunities by making you perfect to face different sectors. It enhances your knowledge, increases your leadership qualities and provides a good pay scale than other postgraduates.
The biggest drawback here is its high competition. You really need to work very hard to make your position in this growing field. And a very few of them could only make it possible to grab the jobs of their own wish. The desired job role is very difficult to get in this field.
So it is always advisable that choose accordingly. Keeping in mind about your interests, thinking about future prospects. Now having discussed the merits and demerits of M.Tech and MBA, we believe now you will find it easy to choose which option is better for you.