Saturday, June 19, 2021

5 Benefits of MBA after Engineering for Career Growth

Many graduates from the technical background that is from Engineering or with B. Tech degrees and work experience are constantly applying to pursue MBA. But the question is why pursuing a management course after engineering is on large trend? Why is it recommended for higher job opportunities? Read further to know the advantages of an MBA after engineering and B.Tech.

Engineering is a technical course that offers the students to understand and develop deep technical knowledge to solve the problem. Using technical expertise in product designing, IT, Automation, Robotics, and other technical aspects. Whereas an MBA improves your people management, improve leadership, networking, and creating connections or partnerships. An MBA offers various specializations from finance, HR, operations, IT, supply chain management, etc. which enables understanding of international business trends and management skills. 

Benefits of an MBA after engineering.

benefits of mba

1. Recognized management degree and networking.

An MBA is a renowned management degree that is valued all around the world. As you are expected to gain expertise in the subject you choose to. An MBA from a renowned university can open to contacts to prestigious alumni contacts, networking, to build better business relationships. It provides the finest career opportunities with industrialist and business experts; you can build your contacts and have a learning experience. 

2. Hands-on experience.

An MBA can provide experience through skill development and exposure of curriculum spread from statistics, analytics, business development, economics, HR, etc. which leads to getting top-notch internship opportunities and managerial experience while studying. Candidates studying MBA after engineering need managerial experience to increase their credibility than other working professionals. Resulting in engineers having the best of both worlds technical and management field. Who wouldn’t want that?

3. Entrepreneurship

Many working professionals opt MBA after engineering for better career options and growth. Few candidates opt for MBA to become entrepreneurs as they study various strategic and management operation concepts such as financial management, marketing, HR, planning, and develop required skills which makes them expert at all aspects and better fit to run a new venture.

4. Flexibility in Study options

Often the dilemma of working professionals is wanting to keep the job and as well as pursue a post-graduation degree as well. To your benefit studying MBA is a good option whether it is part-time, full time or online. Many universities offer a high standard designed curriculum for working professionals with dedicated classes during evenings, weekends, and online. It is helpful to understand real-time business scenarios along with theoretical knowledge.

5. Personality development

The curriculum of MBA is designed to keep the objective of the overall development of students. MBA course offers to develop soft skills, team management, communication skills, interpersonal skills, presentation skills, being a team player and boosts their self-confidence. Students pursuing MBA degrees are groomed to fit in middle and higher-level management in an organization expanding their professional, cultural, and intellectual horizons to keep up with the dynamic and cross cultured industry. 

5 Best Specializations in MBA for Engineers.

An MBA is a professional course and is globally accepted. The program duration is two years and aims at developing proficiency in all management aspects and expertise in a specialization. Choosing a specialization is mandatory as recruiters hire on basis of specialized skills more than general managerial skills.  Which is the best specialization option for engineering students in MBA? Read further.

1.  MBA in Finance

Finance is the most common choice for MBA students. Students are exposed to learn about financial analysis, profit estimation, managerial decision, accounting, derivatives, corporate finance, and coordination process of the industry. An engineer develops analytical thinking and investment management and financial principles which helps greatly to relate more practical and financial aspects of the company.

2. MBA in Data Analytics

Data Analytics is a new domain added in managerial courses to keep updated with the growing use of technology in management. Students who are already from engineering backgrounds learn the diversion of technology in business management. MBA in data analytics focuses on analyzing foreseeable market trends, research & development, consumerism analytics, and automated day to day operations by using digital interference to derive analytics from raw data. The professionals from this background are in huge demand!

3. MBA in International Business 

As globalization takes place and business is expanding across the world and companies are competing at the global market level it has become a need for studying international trends. MBA in international business develops a great chance of networking, work experience in different companies, and has greater career growth. MBA in International business includes the study of expansion and managing a business at an international level. It involves various unique diversified curriculum as the job role requires handling clients from a different country and are expected to be cross-culture driven and are aware of norms across the world. 

4. MBA in Marketing for Engineering students

Marketing is a very common stream of MBA which keeps updating and cannot go out of demand. Marketing professionals are in ‘ever-green’ demand as it plays a vital role in a business and is a very creative domain. It is also the highest chosen specialization by engineers in India as there is a high requirement of professionals with technical and marketing skills. A Marketing MBA involves studying subjects like consumer behavior, advertising technology, and psychology, brand management and promotions, strategic marketing, public relations, etc.,

5. MBA in Operations Management 

MBA in operations management is a good fit for students who have good analytical skills and an understanding of production management. That is the key factor this specialization is highly recommended to engineer graduates. Operation management is related to the manufacturing and service industry. The course involves understanding product development, inventory control, process management, project management, etc. Operations management seeks more growth in career for engineering graduates especially from mechanical engineering as operations are relatable to engineering. 

Career opportunities and Average income of MBA graduates after Engineering.

According to National Employability Report, nearly 80% of engineers are unemployable for the job. B.Tech/BE and MBA is a potent UG+PG combination. It allows boosting your career to mid-level management.

Here is a list of few companies that hire MBAs

Top Recruiters for an MBA in Finance

  •   Goldman Sachs
  •   Morgan Stanley
  •   Merrill Lynch
  •   JP Morgan
  •   EY (Ernst & Young)
  •   Capgemini Consulting

Top Recruiters for MBA in HR Management

  •   Randstad
  •   Kelly Services India
  •   Mercer India
  •   Adecco India
  •   Black and white business solution
  •   ABC Consultants
  •   Genius consultant Ltd.
  •   Career expert
  •   Talent Mappers 

Top Recruiters for MBA in IT

  •     Google
  •     Facebook
  •     Qualcomm
  •     Adobe
  •     F5 Networks
  •     Apple and many more

Top Recruiters for MBA in Operations Management

  •     Damco
  •     FedEx
  •     Blue Dart
  •     First Flight
  •     Healthkart
  •     GAIL
  •     ONGC
  •     NHPC

Top Recruiters for MBA in Marketing Management

  •   Sony
  •   Exim
  •   Ranbaxy
  •   Spencer’s Retail
  •   KPMG
  •   Tata Consultancy Services
  •   Cognizant Technology

Here is a list of few Job roles and the Average salary offered. 

Job Roles Average salary
Finance Manager Rs 3,55,000 – 20,00,000
Management consultant Rs 3,57,00 – 30,00,000
Business analyst Rs 35,00,00 – 14,00,000
Financial analyst Rs 2,28,000 – 11,75,000
Operations manager Rs 3,00,000 to 20,00,000
Marketing manager Rs 2,92,000 to 20,00,000
Business development executive Rs 1,74,000 to 5,55,000
Marketing executive Rs 1,89,000 to 5,13,000
Regional sales manager Rs 4,82,000 to 20,00,000
Human Resources Generalist Rs 2,39,000 to 8,44,000

Wrapping it up! 

An MBA is a full-fledged and versatile program that develops relevant management skills and business training. These skills are highly needed if you aim to work in senior positions and better career growth. Hence MBA after B.Tech/BE is a prominent choice in a trend that gives better exposure as a working professional. 

 

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