Don’t we often chastise engineers for doing an MBA and taking up wallet-fattening jobs? However, do we ever stop to think if there’s some sense behind it? Do we know why has MBA become the next milestone for these students — is it the fat salary, love for management courses, adding one more jewel to their crown, better career growth, social status, or all of the above reasons?
Here’s why we think engineers doing MBA makes perfect sense.
Engineers Doing MBA: Why It Makes Sense
Tailor-Made for Them
At present, 85 percent of PGP (Post Graduate Program) students in IIM Bangalore are engineers. Of those with an engineering background, about 28 percent are from an IIT, and another 22 percent are from an NIT. MBA is structured to suit engineering students as they are trained for such competitive exams since the beginning. It tests an aspirant’s maths, English, logic, and reasoning — all four sections that IIT students have a grasp on. IITs are cosmopolitan in nature as students and faculty speak in English. Also, a lot of co-curricular activities keep happening there that further give exposure to them.
Engineering Students Understand Business
Certain courses help students get corporate offers. Engineering students are quite good with maths and reasoning. So, they’re able to find good opportunities in the field of finance. Most of them go for Operations Management — because they’re mechanical engineers and good at projects that involve industrial research.
Students also find education in management complementary to their engineering background. They feel that an MBA qualification from a good institute will put them on a fast track mode in their career.
An engineer, powered with MBA degree, commands a better pay package than any other course. An engineering student’s average package is around 11 lakh, but if they combine degrees of most sought-after institutes, then the package shoots up to 18 lakh for freshers. So, from the corporate world perspective, the market has always valued a good combination of techno-managerial skills.
Companies Prefer Engineers with MBAs
There is a reason why engineering graduates are preferred by recruiters. An engineer gets a degree after a four-year course while other programs like BCom is completed in three years. So, if some company has to invest money on an employee, they would prefer somebody with expertise in a certain medium like software or mechanical.
The engineering MBA graduate is hence well-versed in management knowledge, skills and techniques, as well as their technical engineering abilities. Having an MBA gives students the confidence to apply these skills to develop ‘strategies for growth’ of their employing companies, making them indispensable and sought after.
Better Hand at Management
Learning how to solve different business problems and understanding marketing issues and management-related issues are some key skills an MBA degree can teach you and help you to land senior management positions. Having already obtained a technical degree in engineering, students with MBA master wider areas of management that usually include subjects such as finance, marketing, human resource management, organisational behavior, and management strategy.
An engineer may take up an engineering job after graduation. However, it often happens that he soon realizes that it is not a dream job. A lot of this can be attributed to the faulty education system in place where everyone seems to go for engineering without giving any second thoughts about their own interest and aptitude. But in search for availing perhaps a better career option with an improved standard of living, students making a switch to MBA makes sense.
To conclude, there is no harm in pursuing a different course and equipping yourself with added skill-sets? After all, weren’t Newton and Descartes both philosophers and Mathematicians? The world today is increasingly getting complex, and remaining in the silos of the respective educational domains is not a smart choice anymore for students when the rest of the world is nurturing inter-disciplinary development.
Engineers doing MBA is a shift in careers. However, would that shift really be needed, if you considered your career options well enough before taking the decision? Read about choosing a career after your 10th standard here.