It has become a trend to pursue an MBA from a well-renowned college after completing engineering because B. Tech + MBA have become one of the secret ingredients for success. Going for MBA degree after B. Tech up-skills your various talents and you will learn various skills that have become a must to survive in this highly competitive market such as – leadership, communication, decision-making, strategic thinking, analytical, and teamwork skills.
One of the best part of doing an MBA after engineering is a candidate can easily move up to managerial roles while only engineering isn’t enough. Recruiters and HR professionals always look for such candidates who’ve done an MBA from reputed institute so they can select those candidates for managerial positions. Getting a managerial role in an organization boosts your income and takes it to another level.
But, this is not enough! As a candidate, you must choose the right MBA specialization. If you are outstanding in finance then you must choose an MBA in Finance after completing your engineering. Do not go for MBA in Business Analytics, HR, or marketing because your core strength and interest in finance and if you choose anything else then chances of getting successful in life will diminish and you might have to regret in the future. So, take your time and don’t make haste while selecting an MBA specialization because once the decision is made and it’s not on your favour; you can’t undo it.
In this blog, we will cover – why engineers should pursue an MBA after graduation, most preferable MBA specializations after engineering, skillsets of an engineer, and more. So, let us start with…
Why Engineers Should Pursue an MBA After Graduation?
MBA after graduation will bring the best out of you and you will be welcomed with open hearts and arms to any domain. Let us take a scenario – a candidate has done B. Tech in Mechanical Engineering, so now they can search for a job in the mechanical niche, but if they have also completed an MBA then they can start working in private, public or government sector with ease.
Also, the top recruiters are not satisfied with the candidates who have done only engineering or plain graduation. They want a candidate with high credibility factor and it can only be achieved by doing an MBA.
Now, let us see the top 5 reasons why an engineer should pursue an MBA after graduation
Managerial Experience: A plain vanilla graduation degree can’t teach you managerial skills. If you want to climb the ladder of success quicker than your contemporaries then you must pursue an MBA degree from a reputed college. A simple candidate might take years to become the CEO of an organization but with an MBA degree, you can reach such positions with a few years.
Higher Demand: The demand for candidates with a dual specialization is huge in the market and there has been a steady up rise of such candidates amidst the pandemic as well. Most of the industries are changing at a faster pace and to keep up with the latest buzz and trends it is must to have an MBA degree along with an engineering degree. A dual specialization boosts the credibility of a candidate and they can wear multiple hats at once and that’s something rare!
Better Career Options: An MBA is one of the most sought after degrees after graduation and it renders the best and most lucrative career options. With the attained skillsets you can join any organization and excel in any domain with your talent. You can start working in a wider spectrum of industries such as – finance, sales, marketing, HR, operations, business analytics, and more.
Higher paycheck: The salary of an MBA graduate is better than an engineering professional. An MBA professional has the opportunity to directly land on a managerial position while an engineering professional might get stuck with technical aspects of a job; growth is guaranteed at both sectors but an MBA professional would find it easy to achieve success than the other. The average salary of a fresher engineering candidate is Rs. 5,00,000 per annum whereas the average salary of a fresher MBA professional is 7, 00,000 per annum.
Personality Development: As we know, an MBA degree focuses on the managerial aspects, personality development is an inseparable part of the MBA curriculum. In 2-years of study, the personality of a candidate develops holistically and this can’t be found in any other domain of study. After pursuing an MBA degree anyone can see noticeable changes in the candidate. After an MBA, a candidate is ready to get deployed in any managerial position with their organizational, communication, and presentation skills.
Generally, an Engineering graduate has the following skills inbuilt
Here are the top 4 skillsets of an engineering candidate:
Which MBA Specializations Are Recommended for the Engineers?
The top 5 MBA specializations recommended for the engineers are:
Business Analytics: An MBA in Business Analytics is a post-graduation degree that will make an engineering student learn about various business fundamentals, communication skills, management practices, and leadership skills that are related to the business analytics section of an enterprise. If you have an innate talent for analytics and you are outstanding in comprehending the minutes of data and business then this particular MBA specialization and you are made for each other. FYI, the average or expected salary for a fresher candidate post-pursuing MBA in Business Analytics is Rs. Rs. 5, 00,000 – Rs. 6, 50,000 per annum.
Operations and Supply Chain Management: An MBA degree in operations and supply chain management will make you ready to get deployed in the supply chain industry with ease. You will begin understanding the intricate theories of how an organization operates and will know the fundamentals of demand and supply. You will also learn about the logistics department of an enterprise which plays a major role in the success of several organizations. FYI, the average or expected salary for a fresher candidate post-pursuing MBA in Operations and Supply Chain Management is Rs. Rs. 4, 50,000 – Rs. 5, 50,000 per annum.
International Business: An MBA in International Business is one of the most trending specializations in the world. Due to its lucrative job options, hundreds of thousands of engineering students are willing to pursue this degree and pave their career with myriads of golden opportunities. An MBA in International Business will make a graduate to understand the tactics and strategies involved in businesses along with the trends of the economy of the global market. With this degree in hand, an MBA graduate can apply the attained skills to boost and improve the country’s export management. FYI, the average salary of a fresher candidate after pursuing MBA in International Business is Rs. 6, 00,000 to Rs. 7, 50,000 per annum.
Entrepreneurship: An MBA in Entrepreneurship is concerned with the study of business management and venture capitalism. In these 2 years of study, you will learn about how to convert your brainchild into a successful product or business and become a confident person. You will become a well-renowned entrepreneur and have the opportunity to create job for others. You will have to learn how to manage people with different departments and make the most out of them. The salary is not fixed in this specialization as this is all about entrepreneurship. The money you are going to make depends upon your idea and management skills that you will attain via this degree.
Marketing: An MBA in Marketing will assist you becoming a brand manager, consultant, marketing manager, media planner, and market research analyst. With your attained skills, you can help an SME to grow their brand and take it to international level. You will have the power to influence the customer buying trends and decision-making abilities of a consumer. This is one of the most sought after MBA specializations for an engineer. FYI, the average salary after pursuing MBA in Marketing is Rs. 7, 52,000-Rs. 8, 00,000 per annum.
So, now you know why an engineering student must pursue an MBA after graduating and the top 5 specializations in MBA for an engineering graduate. Remember, this dual specialization can do wonders for you if you choose the right specialization as per your choice of interest.
Before making any decision, you must consult with the alumni members of an MBA college and take your time. Don’t make any hurry! If you have any second thoughts, you can see the online review of an MBA college. If a particular college has less than 4 stars out of 5, don’t consider taking admission into that college. Also, this is a matter of your life and career; so, don’t try to emulate anyone in the process.
Why Study MBA in ISMR Research B-School Pune?
International School of Management and Research is one of the best MBA colleges of Pune that is dedicated to the holistic growth of a student. Along with the best quality of education, we also focus on providing top-notch personality development, communication, and foreign language classes. We have an unblemished record of 100% placement assistance since inception and we also render scholarship opportunities to meritorious students. Last, but not least, ISMR has the best-in-class seminar/webinar-based career-oriented and industry-focused curriculum that you won’t find anywhere else.