Introduction
After completing your B-Tech you may think of exploring further in the academic field or you may try to get a job instead, considering if you choose further academics and you have no interest in continuing your in your technical field related to engineering then you have an option to go for an MBA courses. If you decide to get a job after your B-Tech then go ahead but you might take a look at the statistics indicating that 80 per cent of the engineering pass outs are not able to get jobs they want. Only 3 per cent of them get high-quality tech jobs. Having MBA as an option after your B-Tech is a decision you will have to make according to what you think of continuing your career path.
Let’s talk about the reality here, which might be true for some of the readers. Many students in India end up doing engineering first and later realize they were not meant for that and it’s totally fine. If you realize that you are not meant for something then instead of regretting it, searching for something meaningful to you is the next step to take. So here is an article that tells you about one of the meaningful options you can choose after your B-Tech.
How to do an MBA after engineering
Now that you have an overview of how an MBA may be beneficial, let’s see how you can do it
Looking at the great advantages that MBA has over other master’s programmes also demands a great competition to get into the institution you dream to get into.
Now that you have completed your engineering you need to understand the entrance exams which will open doors for various prestigious institutions to pursue MBA. Various entrance exams can get you into various institutions. CAT (Common admission test) will help you get into IIMs, which are the most prestigious MBA institutions in India. Likewise, there are multiple other exams(SNAP, XAT ,CMAT,NMAT ,MBA-CET,MAT) that adhere to multiple other institutions. Being amongst the top scorers of these exams increases your chance of getting into the top institutions for MBA. Few institutions may conduct further rounds of personal interviews and group discussions and then confirm your admission based on overall performance. If you’re already busy with work, online MBA programs with flexible schedules may suit you.
If you want to apply for an MBA abroad you will have to appear for the GMAT entrance exam which will open your doors to various MBA institutions across the world. Major colleges in the USA and Canada demand GMAT scores for MBA admissions.
List of MBA specializations
MBA Marketing
MBA in finance
MBA in International business
MBA in IT
MBA in Resource management
MBA in Logistics management
MBA in Event management
MBA in Operation management
MBA in Business analytics
MBA Healthcare management
MBA Rural
MBA IN Banking and financial services
These are the few of the multiple MBA courses available. As time changes and technology evolves we will see new MBA specializations coming up to meet the industry standards.
Why do Students choose MBA after B-Tech?
The points below state the reason why people choose to do their MBA after their B-Tech. Now, these points maybe or maybe not be in your favour, so let’s go through them.
- Got nothing to do
Now as we spoke about the reality of the engineering jobs in India, we see the majority of the B-Tech pass outs aren’t able to get jobs so they either get busy in some refreshing activities to compensate for the 4 years of their rigorous studying. Some graduates even satisfy themselves in small jobs which they have no interest in but they have to take it up.
- No campus recruitment
If we see the big picture, very few students get jobs in the tough competition of campus interviews. The students who are not selected on campus have to find jobs on their own. This hustle may not always give results as it becomes a slightly tough job in the open competitive world out there.
- Pre Planned decision
Not getting a job is not always a reason people choose to do an MBA after their B-Tech. If you have an MBA planned right from the start then you won’t even think before applying for it. Dear reader, if you are shocked to read this, then yes some people plan for their MBA right before their B-Tech.
- Academic transition
So now you have completed your B-Tech degree and you don’t think like continuing your career in the path of that particular engineering field, so you have got an option to switch to the management side with multiple options to choose in it and that is where an MBA can help you make that switch. Many students figure out during their B. Tech what their interest lies in and if you haven’t figured it out yet, it’s ok, it’s never too late but you better hurry.
Advantages of an MBA
Advanced and supply management skills
The criteria to get an MBA is you need to be a graduate, MBA classes will help you develop your skills. These skills may vary according to the course you opt for. Having these skills will somehow force you to get out of your comfort zone and explore the wonderful side of the business. Even in these times of continuous change in working trends, an MBA will easily be able to switch and adapt to a new direction.
Building a great business network
As an MBA student, you will find equally aspiring students around you in the course. You’ll interact with fellow professors as well as students and this will enhance your overall business acumen. “Your net worth is your network” is a saying that has come along from generations, the network you build in your MBA pretty much proves the saying.
Salaries
If you choose to do an MBA you must have gone through a lot of parameters to consider and salary might be the most important one. If yes, let me tell you one thing, the average income of an MBA graduate is much higher than an employee with a regular master. You may expect twice as much or more. In the long run, an MBA graduate has more chances of getting a leadership position than a graduate having a masters in another field.
Building something of your own
Since our childhood, we have liked to build something of our own, whether it be sandcastles or a house of cards. Now is the time you build your own company from scratch and here having an MBA degree will prove helpful. MBA professors with real-life experience can guide you through the major problems you need to avoid and ensure that the company remains stable at times. In the MBA course, you will have colleagues with similar interests and abilities. Overall you will have an environment in which you can start planning for what you have thought to build.
Building great soft skills
MBA teaches you managerial skills with domain knowledge of other business sectors. To be a good manager you need to effectively communicate and understand a person. MBA will groom you to become an effective communicator and a great listener. These skills are irreplaceable and precious as you move ahead in your career. You will gain a new perspective to look at things when you are honed with these skills.
Types of MBA and Job Sectors
MBA will unveil you to multiple job options, let’s look at a few jobs that you might have the opportunity to get after your MBA.
Marketing Manager
As the name suggests, a marketing manager is a person responsible for the market outreach of the company. From implementing and maintaining the name of the company in the market it is done by the marketing manager. This job is a great option for many MBA graduates in marketing as they are trained in marketing and sales. An individual needs to be creative, proactive and street smart to perform in this job.
Investment banker
If you love to work with numbers and are interested in the banking sector then you must have a look at the prospects of this job. An investment banker usually deals with huge and complicated financial transactions of big organizations. This job also includes structuring acquisitions and mergers for a client. Excellent number crunching, strong written and verbal communication skills with the capacity to work for long gruelling hours are the prerequisite for this job. Overall this job is the priority for many MBA graduates because it challenges you to your extreme potential and then rewards you with good pay.
Business Analyst
As the name suggests, being an analyst requires you to have great analytical skills.In this job an individual needs to understand the needs of a business domain and aim to deliver a cost-effective solution to its problems. Having great communication skills is required in this field as it constantly involves communicating with the stakeholders and potential partners. A job role in this domain involves assisting with planning and monitoring requirements.
Financial Advisor
As a financial advisor, you will suggest and render financial advice to your clients. You will be handling, planning and educating your client on money matters. From investing in the right place to help the client reach his goal is the job of a financial advisor.
IT Manager
As an IT manager, you will be responsible for implementing and maintaining your company’s technological infrastructure. The job mainly revolves around developing and advising your clients with technological solutions. From making a plan to ensuring your team members are doing their job on time all responsibilities lie on the IT manager. This job requires flexibility in work as you might also have to develop or create a database for a client. Having great team management and communication skills are highly required for this job as it includes managing teams of people.
Human Resource Manager
As an HR manager you will be mainly responsible for the effective management of the people in the organization. From recruiting them to ensuring their career development is maintained by an HR manager. Having good knowledge about employment laws is also required for this job. The ability to communicate effectively is very important in this job as it requires managing people and it can only be achieved by being an effective communicator.
Operations Manager
The operations that an operation manager has to maintain are designing and controlling the production process. Mostly in an industry with fast-moving goods and big production lines, the operation manager has to show his expertise to keep the process smoothly running and efficient. As an operation manager, you can also work in the banking systems, companies, suppliers, and technology sector.
Salaries after MBA
MBA in Finance Rs 2,00,000 to Rs 14,70,000
MBA in HR Rs 4,50,000 to Rs 15,50,000
MBA in IT Rs 2,00,000 to Rs 6,00,000
MBA in Logistics management Rs 6,25,000 to Rs 8,50,000
MBA in Marketing management Rs 2,00,000 to Rs 14,70,000
These salaries may vary because of multiple factors which include job requirement , your MBA institution and current market scenario.
Summary
Each MBA specialization has various job fields to which resonates with the course. An MBA graduate is not only expected to have specific domain knowledge but also is expected to have great communication skills and the ability to handle complex tasks with a pragmatic approach.MBA jobs can be stressful sometimes but if you have opted for it, it is the path to be followed and you will be rewarded accordingly. Not many people have regretted their decision of going for an MBA.
