A question that frequently comes up while looking at an MBA after engineering is “Is it worth doing an MBA after earning an engineering degree?” It is natural to think this way, after all, you will be investing money and time to earn this degree.
That being said, after all the searches and flowery talks about an MBA degree, it stands distinct from an engineering degree in terms of curriculum and focus. So, having doubts about its worth, applicability, and credibility is something that keeps on popping its head up now and then.
If you are one of those on the verge of transitioning from a technical background to a business management one and have the above doubt, read this blog till the end.
What is an MBA after Engineering?
Before calculating the worth of an MBA degree after engineering, it is prudent to have an idea of what is this degree.
An MBA after engineering involves furthering one’s education by studying business administration, management principles, and related subjects after acquiring a technical background in engineering.
An MBA Degree after Engineering: Is It Worth It?
It is a very valid question it is worth doing an MBA after engineering. However, the answer is very subjective. So, if you are also wondering if is it worth pursuing an MBA after engineering, check out the point below. If you think these points align with you and your career goals, you should think of getting an MBA.
● The Cost
Although we can’t assess the value of any degree just on its fees, an MBA is a costly affair. If you have already completed a B.Tech course, you have already committed a significant amount of money, and pursuing an MBA will just add to that expenditure. So, whether this management degree is worthwhile depends on whether the costs are affordable or whether suitable financial assistance is available.
So, look into the fees of your selected business school and available aid alternatives such as scholarships or student loans. Also, consider whether an MBA degree is worth the cost.
● Specialization
There are a range of MBA specializations available. However, not all specializations are suitable for engineering students. Hence, it is only if you choose the right kind of MBA specialization after your B.Tech degree, will it be worth it. That said, here are some of the most popular MBA specializations to choose from:
- Data Science
- Business Analytics
- IT
- Telecommunication
- Finance
- AI
- Infrastructural Management, etc.
● Market Trend
Imagine you completed your MBA programme yet have not got placed anywhere, or much to your dismay you discovered that the MBA specialization you took does not demand in the market. In such cases, would your MBA degree hold value.
The answer is NO.
Hence, constantly examine the market demand for the MBA concentration you intend to pursue. For example, nowadays, an MBA in Data or Business Analytics has a high market demand. Obtaining a degree in one of these fields can provide you with a competitive advantage and increase your employability, making your degree genuinely valuable.
● Industry Connections
Reputable business schools all have strong ties to industries. Strong industry connections enable business schools to keep abreast of the most recent developments, challenges, and innovations in their respective fields. Industry connections also frequently result in networking events, guest lectures, and internship opportunities for students, which improves their comprehension of the subject and makes job placements easier.
It should be noted that an MBA after earning an engineering degree becomes highly worthwhile if it offers a desirable ROI. And a business school that has a strong industry link can help facilitate the process.
● Placement Services
What if you completed your MBA programme but did not get a placement? You spent lakhs but your ROI is zero. Sounds like a nightmare, right?
The first thing while deciding on an MBA programme is (in most cases) if it will yield you a job. So, this degree course’s value is primarily dependent on how well it can offer a good placement immediately upon graduation.
Hence, check out the placement services of your chosen business school and talk to the alumni to get real-life feedback. You can also check the review of business schools online to get an idea of how their placement cell works or effective in placing their students.
● Are You Happy?
Everything boils down to one question: “Are you happy or satisfied with the MBA programme?” Are you enjoying the same?
Nothing else matters if you are just doing the degree for the sake of doing it. To learn something, you must have a passion for it. Hence, the worth of an MBA programme will be truly evident if you are doing it out of your passion.
The Takeaway
The bottom line is that one cannot generalize when it comes to judging the with of doing an MBA after engineering. Everything depends on how this programme fits one’s career and personal goals. So, you should explore the programme’s cost, available financial aid, scholarship programmes, time investment, placement scopes, and other factors to ensure that your chosen MBA program is genuinely worthwhile.
- Is It Worth Doing an MBA after Engineering? - May 12, 2024