Why MBA after Engineering is becoming a popular choice for a successful career?
For fresh undergraduate students today, a Master of Business Administration (MBA) or a Post Graduate Diploma in Management (PGDM) is one of the most prominent programs that educate you to take on consulting or managerial jobs, at the senior, mid, or entry-level, across several corporations. You can also begin as a versatile entrepreneur and start your own business venture. Whether you consider MBA as a safety net or a tick in the box, it has a large spectrum of prospects, from skill development to career advantage, innovative curriculum besides diverse specializations.
An MBA or a PGDM has served as a cherished objective for those seeking to enhance their careers and management techniques to lead their industries. The versatility of a Master of Business Administration from the best MBA colleges in India implies that graduates from all disciplines - technology, humanities, science, engineering, and more - can reinforce their bachelor’s studies and enhance their careers to the next level.
Engineering is a default course the students in India because of peer pressure or societal obligations. Midway through their B.Tech course, many students acknowledge that engineering was never meant for them. As there are plenty of engineers graduating each year, the sheer competition in this field has heightened, leading to low employment throughout the country.
On the contrary, MBA graduates from the top MBA colleges in India with the highest placements get paid better in various companies and are provided with more respectable jobs. B.Tech graduates realize it is extra beneficial to pursue an MBA and land a lucrative job rather than struggle with unemployment.
Why is an MBA after B.Tech or B.E. considered the most viable career opportunity for students today?
Though every MBA course offers a certain specialization, it is a course that enriches your general perception of business organizations and corporations as it instills various skills within the candidate, like analytical, creativity, communication skills, problem-solving, confidence, and the like.
Many aspirants often inquire, why pursue an MBA or a PGDM after a graduation course in the engineering discipline? The answer to this most common question is very simple: An MBA or a PGDM from the top MBA colleges in India with the best placements is an internationally recognized degree, which assists tremendously to develop the confidence of fresh graduates who aspire to pass into the business world. In this article we have tried to provide excellent and exhaustive details that might allow you to determine why taking an MBA or a PGDM from the best B Schools in India, particularly in Maharashtra, is beneficial for your career prospects.
Why MBA after Engineering?
An MBA after an Engineering degree is an incredible option as it shows you how to build, market, finance, and manage the products, whether digital or physical, that you manufacture. An MBA after engineering empowers engineers to climb up the corporate ladder and take up leadership roles. Since big companies are often on the lookout for specialists with certain experience in the managerial and administrative field, an MBA or a PGDM degree in engineering is certainly beneficial for career growth and prospects.
An MBA or a PGDM degree after engineering can help candidates pursue a career abroad as there are a large number of job roles for MBA graduates along with an engineering degree. Job opportunities abroad also bring along competitive and lucrative packages. Is it the right choice to do an MBA or a PGDM after engineering? On average, the number of engineering graduates each year stands at 15 Lakhs. However, most of these candidates are not able to get a suitable placement after completing their engineering degrees and this is why many engineers choose to go for an MBA or a PGDM after B.Tech or B.E degree.
Despite the greatly widespread perception that engineering offers lucrative career alternatives, the ground reality is relatively different. According to the National Employability Report 2016 by Aspiring Minds, about only 8 percent of engineering graduates are an absolute fit for core engineering jobs. So the issue that bothers most of the candidates is why an MBA after Engineering? What is the scope of an MBA after B.Tech or B.E. courses?
Many engineering students are oblivious to comprehending the career choices for them if they pursued an MBA or a PGDM after engineering. In the classic case of Engineering + Management, most are not convinced with what the latest market has to offer in financial terms and job quality. But they should make sure they pursue it from one of the best MBA colleges in India with top placements.
An MBA or a PGDM degree gives students a number of options since they are extremely well equipped with technical skills and creativity which results in them being quick learners. It can be beneficial for students of diverse engineering branches as it provides room for a sufficient amount of growth. If you desire to pursue an MBA or a PGDM after engineering, it can fetch you respectable jobs in companies from diverse sectors such as manufacturing, IT & ITES, banking, financial services, business consulting, real estate, FMCG, automobile, telecom, consumer durables, among others.
Specialization in MBA or PGDM after Engineering
The answer to this question lies in the area of interest of students and the field in which they desire to acquire their skills in. Each specialization is different, and the career path of students will be mapped according to the MBA specialization they decide for themselves. Here are some specializations you can choose from:
- Operations Management
- Business Analytics
- Business Analytics
- Product Management
- International Business
- And many others
Conclusion: Is It Worth it?
To obtain a fair response to this question, we must take into account several factors. Firstly, an MBA program is relatively expensive and may burn a hole in one’s pocket, so to speak, however, one mustn’t get deterred by it as one can also anticipate a decent output through salary. However, whilst intellectually calculating the input, one must weigh the time invested in the MBA. The scope of an MBA or a PGDM degree after engineering is endless and one needs to carefully think about it before pursuing admission to any of the best B Schools in Maharashtra.
One can significantly expect to make a generous return on investment with an MBA or a PGDM degree as it would lend you a decent position in any corporate organization or business and would assist you to earn considerably more than a graduate student. Besides, obtaining a job in a managerial position, would not only be a much nicer career choice but would also furnish you with the golden opportunity to ascend the corporate ladder swiftly. This is another vital element one must not skip while measuring the potential ROI and which MBA specialization is best after B.Tech.
You should smoothly and independently evaluate all such components while assessing the benefit an MBA might have for you and how it would be beneficial for your career growth in the longer run. You should also meticulously analyze which specialization in MBA would empower you. In a nutshell, it can be announced that when all such aspects are taken into account, an MBA or a PGDM from PIBM, one of the top placement colleges for an MBA in Pune after engineering, seems like the most lucrative career choice ever!