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The Benefits Of Studying MBA After Engineering

Wednesday, July 01, 2015

It’s a common phenomenon to see graduates opting for MBA after completing engineering. This is because the Masters in Business Administration degree increases the job prospects of students and also presents them with umpteen opportunities. This helps them unleash both their technical as well as management skills in the organisation. The intensely-competitive Indian market is flooded with scores of startups that 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.

Ritesh Raushan, Co-Founder and Director, The Gate Academy

Every year, the number of engineers willing to take up management courses has been soaring, thanks to the scores of opportunities that such courses offer. A plain engineering degree certifies the students’ ability to apply their technical know-how in a practical setting. On the contrary, an MBA degree makes students proficient in managing people with engineering degrees and bringing the best out of them.

Benefits of pursuing MBA for Engineers
While engineering helps students inhoning their analytical and mathematical skills, a managerial course makes them adept at fulfilling job roles in fields like investment banking, consulting, equity research and various other disciplines that require data analysis and business intelligence.
By learning the concepts of management, engineering managers are able to handle a team of engineers who are passionate about technology. Just being well-read doesn’t work in the field of management. It’s of prime importance that the managers develop the necessary people skills to coach, mentor and motivate technology professionals.

Management Institutes
Engineers can get enrolled in tier-1 management colleges in order to explore the exciting world of management. Top B-schools where they can pursue MBA are IIM Ahmedabad, IIM Calcutta, IIM Bengaluru and Indian School of Business, Hyderabad. These are the leading management colleges of the country and select only the crème de la crème from a huge number of students who give the entrance exams. These colleges guarantee a promising career for aspirants across realms like consulting, sales & marketing, finance and general management. Students get an average salary package of Rs. 15 lakhs per annum through these colleges. The only flip side of this lies in the fact that students have to pay over Rs. 13 lakhs as college fees. Apart from this, students also get the opportunity to get placed abroad, if they pursue MBA from these renowned institutes.

Besides this, IIMs also conduct fellowship programmes where engineers can get registered for a particular course through the GATE exam. For this, they get an attractive stipend of over Rs. 3 lakhs per annum during their studies along with other allowances. Many engineers are not aware of this particular option that the Indian Institute of Management provides them.

Other Tier-1 business schools that come in the next range are MDI (Management Development Institute), IIM Shillong, IIFT (Indian Institute of Foreign Trade), JBIMS (Jamnalal Bajaj Institute of Management Studies), Nitie(National Institute of Industrial Engineering) Mumbai etc. These institutes offer umpteen privileges to engineers after they complete their MBA. Although the opportunities are less than that offered by top management institutes, but engineers can still leverage them judiciously through their personal skills.

Nitie Mumbai, provides industrial engineering management courses which is one of the best in the world. Engineers can do post graduate diploma in manufacturing management, industrial safety, industrial management and other courses. GATE exam is considered as one of the selection criteria for Nitie admission. Engineering management students from Nitie, get average 15 lakhs job offers and maximum pay package was close to 23 lakhs last year.

Also, many tier 2, tier 3 and tier 4 colleges have cropped up in the country. They are not of high stature and are far away from the standard top tiers, but these colleges do not lag behind when it comes to developing suitable managerial skills among students and giving them a solid grounding.

Paving the way to Entrepreneurship
Many engineers are now taking to the path of entrepreneurship and bringing waves in the business landscape of the country. In recent years, entrepreneurs like Pranay Chulet, Founder and CEO of Quikr, Sarath babu Elumalai of Food King, Rohit Pande, CEO and Co-Founder of Classteacher Learning Systems and Amitava Saha of Firstcry.com among many others have emerged in the market. These successful businessmen have been pass outs of IITs and IIMs. This is the foundation behind their tremendous success as managers and entrepreneurs.

Engineers who choose MBA for future studies tend to have an edge over others as they get to explore both their technological as well as managerial side. This journey seems smooth from the outside but the reality says something else. After completing MBA, they have to face cut-throat competition from engineering graduates and other under graduate students.

Pursuing MBA after graduating in engineering adds another feather to one’s cap of achievements. Students have a multitude of opportunities after completing their graduation in engineering. They can go for M.Tech and then pursue Ph.D. in their specific domains. They can also get a decent job in this sector. In short they are spoilt for choice. An MBA degree works wonders for such engineers who are confused as to which route they should take. A management course gives additional knowledge to engineers and helps them explore other areas apart from technology.

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