Engineering is one of the most difficult job options, requiring many hours of effort. To master a certain area, one must delve deeply into its technical components. But, is an undergraduate degree sufficient to get a desired job and necessary career chances, or should one consider taking an MBA following engineering?
Every engineering graduate is confronted with this quandary. Engineering equips the individual with a fundamental understanding of the topic in which they have decided to excel. However, recruiters look for a variety of talents in addition to technical knowledge and topic knowledge. MBA fills that need by educating applicants on the different dynamic facets of the business environment. The case study contests and extensive curriculum aid in the candidate’s overall growth.
But is it worthwhile to divert from the technical components of research to pursue an MBA? Is an MBA worth the investment? We are weighing the benefits and drawbacks of pursuing an MBA after completing an engineering degree.
The Advantages of Pursuing an MBA After Engineering
Business’s intrinsic worth
Engineers have mastered the intricacies of their respective disciplines and have an unwavering capacity to handle dynamic challenges. An MBA following engineering supplements the applicants’ previous knowledge. It assists students in developing an instinctive awareness of business language.
An MBA complements an engineer’s rational reasoning with exceptional managerial talents. There is a need for a management consultant to assist the business operations of an engineering-centric organisation for every 100 down-in-the-trenches engineer. You will be able to connect them via your MBA.
Right degree at the right moment
Many applicants are outstanding in their respective vocations and disciplines, yet market circumstances become unfavourable. Downsizing, weak market circumstances, and rapid layoffs, particularly during Covid-19, have a negative impact on the careers of engineering graduates. MBA after engineering seemed to be the silver lining in such difficult circumstances.
Because of these challenging conditions, now is perhaps the greatest time to earn an MBA. If one’s sector is about to make a breakthrough, or if there is a paucity of advanced management expertise among one’s peers, getting an MBA will help one stay in the field. It will provide employment stability and prospects for promotion.
means of changing careers
If a candidate want to change careers, an MBA after engineering is the best option. Many times, a candidate realises that their selected professional route is not a good fit for their goals. MBA may offer them with the necessary discretion to modify their course.
If a candidate want to pursue a career in finance, analytics, commercial real estate, Fortune 500 management, or corporate consulting, an MBA may help them make the move simpler.
The disadvantages of obtaining an MBA after graduating from engineering
Affordably priced opportunity
Even while it improves one’s CV, the exorbitant expenditures cannot be overlooked. MBA after engineering would simply entail paying roughly 20-25 lakhs in fees (save for government-affiliated universities) and foregoing the income that one might have earned if they had landed a high-paid job during campus recruitments.
If you want to pursue an executive MBA, you must have 10 years of professional experience. Before enrolling in any MBA school, one should consider the opportunity expenses of an MBA.
Not all MBAs advance your career.
MBA after engineering is worthwhile if you pursue the correct programme from a reputable university in the nation.
It is not easy to get admission to one of the country’s top MBA programmes. It will not only take a lot of hard work, but it will also cost the applicant a lot of money to pay the fees.
It is not always necessary.
An MBA degree may not necessarily provide a significant boost to one’s career. It must be clearly known that an MBA is not required to get to the top of the success ladder.
Education and practical knowledge are valuable, but experience is priceless. Pursuing an MBA immediately after the engineering job or leaving a present employment would also mean passing up a chance to obtain additional expertise and insight into that specific subject. As a result, the applicant must make an informed judgement.
The two sides of the coin have now been disclosed, and it is necessary to make an educated and prudent choice by carefully balancing the pros and negatives.
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