Should engineers study MBA?
Engineering itself is a rewarding field, where one can easily shine. Today, the technical and software market is soaring rapidly and so is the demand for good engineers. However, MBA degree post engineering is definitely an add-on giving the latter an upper hand. An engineer with an MBA degree will certainly be pulled in the workforce immediately.
Engineering in itself is a vast field to make your career in. Still, nearly 50% of B.Tech graduates decide to study MBA, either after acquiring some work experience or immediately after they complete engineering. However, a question that lingers on, is how beneficial is this step. Obviously, engineers get a handsome pay, post their degree, but with an MBA they are liable to gain a lot more financially.
When asked, Swati Mittal, 24, engineering student, claimed that she took this step as she wanted to face bigger and more abstract strategic problems rather than the structured problems in engineering. She further added that the world of business and numbers opens up a plethora of opportunities to engineers, owing to their strong analytical capability.
When you study MBA post engineering, you push yourself harder to explore your management skills as well, apart from technical know-how. An MBA degree perfectly complements ones engineering qualification.
Another advanced degree is primarily opted by people to increase their package and work. An understanding of management related issues and market strategies is what an MBA degree instils in you.
However, it is neither mandatory nor important to have an MBA degree to be successful in business. Engineering or MBA you pursue either, to develop your core skill set.
On the other hand, there is no denying that the role of an engineer is changing with time. Engineers are the ones who implement new technology and practices and can be visionary in what they develop or innovate.
The world today is changing. Technology has become an influential component in many industries. Now, the challenge for a business leader is, to get the most from technology and for the technician, to skilfully aid all the business processes.
An engineer and MBA, both will look at a problem differently—one from a technical standpoint, and another from a functional aspect. Engineers with MBA will understand both technical and managerial aspects of an organization. Such a person is well-versed with skills, techniques, and management knowledge, along with technical abilities. And to put all doubts and issue to rest, you have to agree that studying a little more never hurt anyone. It just equips you with an understanding of an industry outside your own.