MBA has become a popular choice for many engineers looking to transition their careers into the corporate world. Before enrolling in an MBA, the most important thing to consider is the career aspirations and desired skillset. Engineering graduates see an MBA as a stepping stone to higher positions in their profession. According to recent surveys, engineering graduates account for nearly 40% of all MBA students in the US, making it one of the top courses for engineers looking to broaden their knowledge and techniques.
Engineers can gain insight into how business works at a strategic and operational level. Top MBA courses offered to encourage specialisations in accounting, management, marketing, finance and other areas. To apply for an MBA, graduates must qualify for competitive exams such as MAT, CAT, CET, CMAT, GMAT, XAT, and more.
Why MBA after Engineering?
One of the top reasons to pursue an MBA is the potential to increase your earning power. The world has changed drastically, and so has the workspace. In this knowledge-based economy, engineers need to be able to think and tackle complex problems in every situation. An MBA degree will prepare them for this fast-paced environment while still fulfilling their technical requirements. Additionally, top MBA programs provide excellent networking opportunities, allowing you to build relationships with top business leaders and develop invaluable contacts.
An MBA degree can benefit you in developing an understanding of critical areas such as finance, accounting, marketing, leadership and overall business management. This allows engineers to branch out into new fields of study or to take leading positions in their current field. In short, an MBA can be a great option for many engineers hoping to take their careers to the next level.
Benefits of an MBA after Engineering
Enhance Managerial and Entrepreneurship skills
Pursuing an MBA will allow graduates more flexibility in the types of jobs they can apply for and explore different fields. It not only provides professional opportunities but also improves their managerial, leadership and interpersonal qualities. MBA helps students understand various aspects of a business and has an overall conception of how a company must be managed. It helps them get comfortable with the office environment.
The technical ability from engineering and management understanding from an MBA will help the graduates be an entrepreneur and get their thoughts into action. It assists them in landing top positions like CEO or COO in time.
Improved career prospects
A graduate with technical and managerial command best suits the current business environment. Management skills such as organising, planning, leading, and problem-solving are necessary for all industries. Colleges are now offering specialisation programs where students can get in-depth knowledge of the industry they want to expertise in. Some colleges also have dual specialisation courses in MBA, such as Marketing and finance, marketing and HR, finance and HR, and more. These programs will help them understand and be aware of both domains, and they can have many opportunities to choose a profession.
Many entrepreneurs and CEOs have done engineering and pursued Master’s in Business Administration; some are Sundar Pichai, Satya Nadella, Ratan Tata, Anand Mahindra, and more. Graduates with technical and administrative knowledge are at an advantage as they can get job opportunities with high-paying salaries and work in various domains. Students with degrees from qualified institutes will have higher chances of getting placed in leading MNCs.
One of the best-known colleges that offer degree programs in multiple domains for students to choose from is the CMR Institute of Technology (CMRIT). Some of our engineering courses include Computer Science, Electrical and Communication, Electrical and Electronics, Artificial Intelligence & Machine Learning, and Data Science. We at CMRIT offer dual specialisation MBA programs that incorporate marketing and finance, marketing and HR, and finance and HR. The college is equipped with the latest technology and trained faculties to assist students. The placement cell at CMRIT trains and guides its students from the start in various aspects of technical and soft skills, aptitude, verbal communication, presentation knacks, and more. As of September 2022, the average salary package offered at CMRIT is 6.35 LPA. To learn more about the courses offered, visit our campus now.