India has always been big on education. In this country we value education so much that we try to get as qualified as possible, even if the qualification isn’t in our best interest. Parents pretty much decide for their children, which career path they are going to chose before they can barely walk. India has produced more doctors, engineers and accountants than all the developing countries combined. Okay, that might be an exaggeration, but I bet it isn’t too far from the truth. The point is that we try and chose the safest career path, or that which is in high demand without stepping back to see whether it’s compatible with our aptitude or whether it even makes any real career sense.
The year 2013-2014 saw the largest boom in B-schools in the country with the development of at least 1500 new business schools since 2009-10. The new schools plus the pre-existing schools brings the number of total b-schools in the country up to 4500. So, what is the reason for this enormous and staggering growth of b-schools in the country? Well, is it none other than the MBA fad. Almost every young kid who graduates college in this country looks to do an MBA in the hope of getting higher pay and giving a boost to his career. But, perhaps the leading reason for this high spurt in b-schools in the country in recent years, are the hundreds and thousands of engineering students who are opting to pursue a Masters in Business Administration degree in the hopes of broadening their career options.
The big question remains, it is truly worthwhile and beneficial for engineering students to pursue an MBA? There is no unanimous answer that speaks for all students, rather the answer depends on the individual’s interests and goals. We will get to this in a minute, but the reality still remains that lot s if IITians as well as technical students do opt for the MBA after completing their degrees. It makes sense for a B.Tech student to complete an MBA, since the degree complements their technical training, however, does it apply to the larger pool of engineering students.
An MBA prepares a student for the world of business. The course is designed to hone the students business skills, such as preparing plans, pitching ideas, building connections, giving presentations and learning to think critically and logically about every business decision. It is a whole different ball game when compared with engineering training and skill development.
Engineers with a Business mind
For those individuals who wish to develop a business around their technical training or a product they have developed, the MBA makes complete sense. In fact, the degree puts then becomes invaluable as it teaches the student how to go about starting a business or how to go into partnership. It short it provides the student with the skills and knowledge or running a successful business venture.
Read more : Success tips for engineering student.
Engineers looking to climb the ranks of their Company
An MBA not only helps a student acquire better pay, but it also helps them secure better management positions in the company. Engineers who have done their MBA are certainly better candidates for managerial positions than those that have not. Employers naturally promote people who exhibit superior managerial skills to higher posts, which is what an MBA provides.
Broader Career Options
Finally, there are several students who simply have no real interest of pursuing a technical degree. They completed their engineering, either out of compulsion, or because in hindsight they thought it was the best move to make. For these students, an MBA in Finance or economics provides good traction towards pursuing an all together different career. In this manner, many students can opt for a new career path and use their technical skills wherever they apply to make better progress.