Should you do an MBA after B.Tech? Here is what you need to know
While an engineer knows all there is to know about building the product, there is a little he knows about the business world.
That’s where a degree in business management comes in handy. One needs to join a B-School to understand the dynamics of the market, learn how to sell the product, how to procure and utilize the funds, and also put the human resources to good use.
Simply defined, an engineer is a person who makes optimal utilization of natural resources and uses it to the advantage of humankind. While an engineer knows all there is to know about building the product, there is a little he knows about the business world.
That’s where a degree in business management comes in handy. One needs to join a B-School to understand the dynamics of the market, learn how to sell the product, how to procure and utilize the funds, and also put the human resources to good use.
On the other hand, Here is how a degree in MBA will help you advance in your career:
Improves Job Prospects: Companies these days look for a complete package for a potential employee. From designing and marketing the product to increasing the profits, a candidate needs to know everything. An MBA adds to your skillset, thereby making you more desirable than the candidates with only a degree in B.Tech.
Business Survival: Pursuing a degree in MBA enables you to navigate your way through the difficult business conflicts that a firm might face. The soft skills one develops during the course are just as important as the hard skills one learns during engineering.
Aids a Startup: In case an engineer wishes to have a startup instead of a 9 to 5 job, then the business skills that he learned during his MBA will help him get the startup up and running. It will also result in savings because the startup will not have to hire a business manager in the initial years.
Personality Development: The exposure that one receives during MBA helps in personality development and enhances the communication skills of the individual. The candidate will learn how to better network with professionals, sell his proposals and ace the presentations.
Better Salary: The recruiters will be more willing to pay a higher salary to candidates who pursued an MBA after B.Tech because of the added knowledge and skill set that they bring to the firm. According to GMAC 2018 Corporate Recruiters Survey Report India, 81% of companies planned to hire MBA graduates in 2018 with 52% planning to give a hike to MBA starting base salaries. Thus, such candidates will be in a better position to negotiate with the firms and get a higher salary.
Improves Employability: As per the report of the National Employability Report by Aspiring Minds, more than 80 percent of engineers in India are unemployable for any job. In such a scenario, pursuing an MBA can be a boost to such engineers.
Engineering in itself is an excellent professional degree but coupled with a degree in Business Management, it becomes a complete package for the firm. Though MBA is not a necessary qualification required by an Engineer to get employed, it is certainly recommended because ultimately, it will work in an engineer’s favor.
