Advantages, Career, and Scopes of Pursuing an MBA after Engineering
In recent years, more and more people are pursuing an MBA after finishing their engineering degree. As companies look for qualifications beyond just engineering specialisations, an MBA degree will be an additional bonus for your future career. Someone with an engineering degree has technical knowledge and expertise in their respective field. Adding an MBA degree to this knowledge will only increase your expertise.
Advantages of doing an MBA after engineering
Many advantages come with pursuing an MBA degree directly after your engineering degree.
- The MBA degree is one of the most popular degrees in the world. Employers always look out for MBA graduates when looking to hire candidates. Those with MBA degrees tend to receive higher salary packages as well.
- Having an MBA degree opens the door to career options in many domains and not just ones that involve technical expertise.
- An MBA degree equips you with management skills that can be highly academically and professionally useful.
- An MBA degree provides a foundation if you want to start a business; it teaches you all aspects of a business, from finances to marketing, giving you additional and important skills to become an entrepreneur.
- MBA degrees also provide many opportunities to develop your leadership and teamwork skills, which is highly advantageous in all aspects of life.
Top MBA specialisations for Engineers
An MBA degree also allows you to specialise in a chosen subject. Depending on your engineering degree, there can be many specialisations that can be really beneficial for you. Some of the most popular MBA specialisations for Engineers include:
MBA in Business Analytics
Companies invest a lot of money to analyse and look at insights captured from the high amount of data they generate daily. For this, data experts who know the technical aspects of the data, as well as its business applications, are needed. This makes Business Analytics a great choice of specialisation for those pursuing an MBA after engineering.
MBA in Operations and Supply Chain Management
This includes having a thorough knowledge of the working of products, product management, process flows, logistical management and more, making this the perfect MBA for those who are already equipped with the technical skills from their engineering degree.
MBA in Finance
This involves working with complex financial systems and high levels of data, which often has to be analysed quickly and broken into simpler terms. This makes it a very apt MBA for those with an engineering degree since it allows learning of financial structures, investment, trading and economics and the systems behind them. This information allows you to go into depth through the creation of financial structures.
MBA in Marketing
This often involves understanding complex data and jargon and breaking it down in layman’s terms as well as having strong skills to ensure a marketing campaign succeeds. An engineer is highly suited to this degree.
MBA in Information Technology
This teaches how to innovate in a changing business technology environment. It will help you learn various systems and methods that will help you learn how to innovate. After doing this degree, you can be a bridge between the technology and IT side with the business side of things.
MBA in Data Science
Similar to an MBA in finance, this involves working with complex data sets and breaking them down into simpler terms. It involves learning how to create insights from this data that a business can use.
Top MBA Schools Of the World
So, if you are planning on doing an MBA degree after engineering, here is a list of the world’s top ten MBA schools, which also offer a diverse set of specialisations that you can pursue:
Top Business Schools of the World, QS Rankings 202
|Rank||Name of School|
|1||Stanford Graduate School of Business, USA|
|2||Harvard Business School, USA|
|3||Wharton School, USA|
|4||HEC Paris, France|
|5||London Business School, UK|
|6||MIT Sloan School of Management, USA|
|7||IE Business School, SPAIN|
|8||Columbia Business School, USA|
|10||IESE Business School, SPAIN|
Career Options after Engineering
While an engineering degree is advantageous in itself, having an MBA degree can provide you with an additional advantage while you are looking for future job opportunities. Following are some job opportunities you can pursue with an Engineering degree and some with an MBA and Engineering degree combined:
Jobs After Engineering Degree
- Mechanical Engineering
- Software Engineering
- Materials Engineer .
- Electrical Engineer
- Biomedical Engineer
- Chemical Engineer
Jobs After MBA and Engineering Degree
- Product Quality Manager
- Production Manager
- Senior Quality Engineer
- Financial Risk Analyst
- Supply Chain Manager
- Sales Engineering Manager
Eligibility Criteria for MBA after Engineering
Like any other degree, to apply for an MBA degree, you must fulfil certain eligibility criteria to get accepted into the programme. The general criteria for doing an MBA remain similar across many universities, and they include the following:
- A 3-4 year undergraduate degree in any discipline (in this case: engineering).
- A minimum of 2 years of documented work experience.
- A personal statement outlining why you wish to apply for the MBA degree.
- Good scores on the GMAT (Graduate Management Admission Test) and/or the GRE (Graduate Record Examination).
- Academic transcript from all years of university that you have completed.
- Recommendation letters from your workplace supervisor.
Engineering gives you technical skills. An MBA gives you business skills. These two degrees are among the best combinations for your future career. Together, these can help you enhance your career prospects, develop new and important skills, and increase your earning potential. So when you graduate with an engineering degree, doing an MBA should be on your mind.
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