Today, organisations seek more than just speciality qualifications while hiring for tech roles which are mostly filled by engineers. They need employees that can understand business environment and can lead teams in future. They are looking for leaders who can drive business initiatives and projects by taking ownership of such massive tasks. Management skills have become the core requirements of the organisations while looking for new hires. Therefore, along with technical skills, it is also vital to show managerial skills in your future workplace.
Why should you pursue MBA after Engineering?
For engineers that have the sound technical knowledge, getting into a suitable tech role is a perfect fit. Many IT and Computer Science professionals dream of working at top multinational companies such as Google, Infosys, Facebook and the likes of it. With the right skills and direction, it can become a possibility too.
When these talented folks reach mid-career, they would have learned as much as there is to learn and also utilised their skills and expertise to the maximum. Now, to reach upwards in position, the resource would need managerial skills.
Therefore, to break through from a technical role and smoothly traverse up in their career to fill managerial roles, it makes absolute sense for engineering graduates to get into an MBA program.
Other reasons an engineering graduate should pursue an MBA are that technically sound professionals who have built unique products will be able to turn them into successful business ventures. Also, to create marketing strategies to better market their products.
Benefits of MBA after Engineering
There are many benefits of pursuing an MBA after graduating from an engineering program. Some of these are:
Develop an understanding of the business as a whole
A Master’s in Business Administration will help you understand the various aspects of a business environment. Engineers will also be able to develop different perspectives of working on a specific business problem. You will be able to adjust with the complex and dynamic business environment and learn to solve problems holistically with different teams.
Climb up the corporate ladder
The corporate world welcomes skilled engineers with an MBA degree with open arms. Engineering education with a combination of a management degree is a great combination of technical knowledge and managerial skills which is the key to climb the corporate ladder quickly. An MBA degree after engineering will fast-track your career and will help you enter mid and senior management roles after serving as a technical resource for an organisation. If you work diligently and regularly upskill, you can reach supervisory and visionary roles in your organisation. Reaching such heights in career would be a slow process for an engineer without a management degree.
Develop managerial skills
As an engineer, you have a great command over the technical side of work and your scientific acumen is also high. With a background in mathematics, number-crunching would also be an easy task for you. But managerial skills, is something that you will only gain when you pursue a management course. You would learn the concepts of finance, marketing and communication, human resource management, time management, enterprise management and more. These skills are important for those who want to take up managerial roles going forward.
Command higher salaries
The salary slab for a particular job depends on various factors and one of them is the candidate’s educational background. Apart from that, it will also depend on your experience level and skill set. When you pursue an MBA degree after completing graduation in engineering, you raise your salary bar drastically as you have a post-graduate degree which is a great add-on to your graduation.
When it comes to skill sets, those with an MBA degree have managerial skills and soft skills in addition to the technical expertise in their domain. All these factors contribute to a higher pay scale for engineering plus MBA graduates.
Better career prospects
Big multinational companies recruit candidates with a good technical background, and along with that sound management skills. There is no dearth of jobs for candidates that possess both these skills. Also, industries such as IT/ITES, BFSI, e-Commerce, Healthcare and others seek professionals who have both these degrees as their ideal employees.
With an MBA degree, your job prospects will increase multifold and you would stand a better chance to work with international companies and big national brands as well.
Developing a personality
During an MBA program, students learn soft skills such as communication skills, leadership qualities, team spirit, organisational skills, presentation skills and many more. These help in the overall development of a professional and is often referred to as ‘Personality Development’.
The program also helps students to become confident professionals who are ready for the real-world corporate environment. An MBA program is all about getting out of your comfort zone and getting in touch with new experiences.
Become entrepreneurs
For the ones who have a product idea or a business idea, an MBA program will help them set up their business from scratch. Engineers are usually highly sound when it comes to technology and their specific domain of expertise but lack the business acumen. An MBA will make them better entrepreneurs and they will be able to produce and market their offerings in a much better way to create a profitable business out of an idea.
These are some of the benefits and reasons for engineers to pursue an MBA program.
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