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Every year, the number of engineers willing to take management courses are growing. Either they show interest for MBA courses by analysing the current market demand or they come for it only by following their seniors blindly. This is because the Masters in Business Administration degree increases the job prospects of students and also keeps them one step ahead. This helps them unleash both their technical as well as management skills in the organisation. The intensely-competitive Indian market is flooded with thousands of startups which require skilled professionals who are versatile and good at multi-tasking. The lucrative salary packages and high profile job roles are the main reasons why engineers prefer doing MBA after attaining technical knowledge in their engineering years. Then is salary is the only factor for which a student would like to contribute 2 valuable years of his life? Because salary can be increased with work experience too. So before choosing MBA after engineering one should know the benefits of the course for him/her.
What is MBA?
Master of Business Administration, is a highly valued degree designed to develop the skills required for careers in business and management. Attaining an MBA allows you to learn how to successfully manage, lead, organise and adapt in a variety of business environments. The skills learned through an MBA program prepares you with practical skills as well as theoretical knowledge that one can further one’s business aspirations with. An MBA can translate one’s raw potential into great opportunities. Most MBA programs include a core curriculum of subjects, such as accounting, economics, marketing, and operations, as well as elective courses that allow participants to follow their own personal or professional interests. Some of the major subjects of MBA are finance, human resource management, accounting, international business, marketing etc.
Even though business administration and engineering are almost like the two different poles of a magnet still they are somehow needed together to survive in competition. Business administrator manages and controls the business while the engineer deals with the technical aspect s as per the requirement of the company. But if there will be no coordination among the employer and employee then how would the organisation progress and succeed?? So if an engineer have additional MBA qualification then it would be easier for him to understand the nature and style of doing business of his company. Similarly a business administrator having MBA qualification makes more favourable decisions regarding the welfare and development for a software company than an ordinary MBA. So in this way engineering and MBA has interdependence to run a successful software company.
Benefits of MBA after engineering
1. Gives knowledge about business world-
An MBA program gives engineers more exposure to business and management related aspects which are not taught in an engineering program. With the help of this qualification they gain the knowledge before entering into a job, otherwise they would have learnt it with their experience after doing job for many years. An MBA degree adds strategic & qualitative skills to students’ analytical capability, making them a perfect choice for any employer.
2. For faster promotions-
Getting faster promotions is every employee’s one of the major goals and MBA is a stepping stone for this. Having an MBA degree one can develop team leading & group management qualities which helps them when they do projects in team. Also, engineers with MBA perform better than non-MBAs.
3. For better job opportunity-
Finding a job in this cut throat competition is really very tough in today’s market. So one have to stand out of crowd in order to get a satisfactory job. And having an MBA will help a candidate to do the same in the crowd of just engineers. So, getting a good job is another benefit of doing MBA after engineering degree.
4. For the Engineers who don’t have interest in technical field-
There are a lot of engineers who are not actually interested in computers or technology. They just got into engineering by luck or family pressure. This mistake can be overcome by opting for MBA after completing engineering. Students can save their career from ruining by going for desired field in MBA as it is open for graduates in all fields.
5. MBA for engineers who want to become entrepreneurs-
There are so many engineers who don’t want to do 9 to 5 job and start their own business. In this case only having technical knowledge is not enough. Because to do business one needs versatile knowledge. He has to deal with his team, recruit them, motivate them, and even have to think about their welfare. On the other hand he should have capacity to analyse the market demand, competitor’s tricky moves etc. so in this case MBA qualification will guide them and make then live their own dream.
6. MBA for self development-
MBA programs teaches time management, team work, calculated risk taking capacity, discipline and many more. So in order to stand out of the crowd one needs MBA along with engineering degree.
Institutions providing MBA courses-
There are so many reputed management and B schools which are providing developed MBA programmers exclusively for engineers. The esteemed institutions like IIMs are one of them. They provide part time MBA courses which one can continue along with his job, they provide scholarship to the good students. And also in some institutions candidates with work experience are given more weightage than the freshers.