Pursuing a Master of Business Administration (MBA) degree after obtaining an engineering degree is a significant change that demands a thorough weighing of its pros and cons. Although at first, it might seem overwhelming you’d be amazed to know that it can actually be the best thing you can do to carve a fulfilling career path.
Going for an MBA degree after doing BTech may sound extreme at first because these two degrees are completely different from one another. However, the skills and the knowledge you gain from these two degrees give you a competitive edge by helping you land high-paying jobs.
In this article, we will take a deeper look at why an MBA degree might be the best choice after BTEch with the help of the benefits that it provides and the high-paying jobs that it helps you secure.
Why Choose MBA after BTech?
A lot of students after doing BTech are faced with the tough choice of pursuing a master’s in the same discipline or going in a completely different direction such as pursuing an MBA degree.
For most students who are pursuing other fields and disciplines (not just BTech) opting for an MBA can bring in lots of benefits. When it comes to engineering students doing an MBA degree can equip them with important business management skills which when teamed with the technical skills they learn from a BTech degree can help them succeed in various leadership roles.
Pursuing an MBA degree after BTech can be a good idea if your goal is to develop a diverse range of skill sets and use them to explore different career opportunities.
Here are the top reasons why you should opt for MBA after BTech.
1. Earn a Dual Degree
When you earn a dual degree that automatically makes you stand out from the crowd. A BTech degree in itself is a high-value programme and when you pair that with the expertise you gain from an MBA you are bound to get good placement opportunities into job roles that offer a good pay scale.
BTech graduates with an MBA degree have a strong foundation in technical knowledge and business management concepts making them a valuable asset for companies.
2. Personality Development
An MBA degree not only provides technical knowledge about business concepts but also helps you develop vital interpersonal skills. These include communication, leadership, creativity, time management and so on. Some MBA programmes also have international exchange programmes so you get the chance to explore new cultures and meet new people.
During an MBA programme, you are likely to cross paths with people that have the same level of grit and motivation to succeed in life as you. Being a part of that circle can help you in many ways such as gaining their expert opinion on the market trends and various developments in the business world. In addition, your professional network can also help you in setting up your own business.
4. Job Security
Achieving job security in this unpredictable job market can be a difficult task. However, if you have an MBA degree that can automatically make you a viable candidate for most job positions. MBA programmes are known to provide students with a broad range of skills which are highly sought after by recruiters.
High-Paying Jobs after B.Tech and MBA
Going for an MBA degree after the completion of a BTech degree comes with a lot of benefits. For starters, it helps you gain and hone various business management expertise as well as interpersonal skills necessary to excel in the corporate world. These skills are highly valued by employers which means you have a higher chance of getting hired for positions with a good pay scale.
Here are the top job roles students with a dual degree of BTech and MBA can hold.
1. Marketing Managers
Every organisation has products or services to sell to its customers. But how do you convince your customers to buy your products? That is where marketing managers come in. They are professionals that diligently work on designing and developing clever marketing strategies to sell a company’s products.
In order to devise these marketing strategies they need to first understand the needs of their customers and come up with products that fulfil those needs. For this, they often conduct market research. Aside from curating marketing strategies, they are also tasked with improving customer engagement and the brand’s reputation.
2. Human Resource Managers
HR managers have a multitude of job responsibilities. They oversee functions such as hiring, training, performance meant management, employee compensation etc. As the role of an HR manager is related to the management of human capital within a company they need to have excellent communication, negotiation and collaboration skills.
3. Supply Chain Managers
Supply Chain Managers are responsible for overseeing the processes involved in the production and distribution of finished goods to customers. This involves keeping a close eye on where the raw materials are coming from, how they are transformed into goods and how these goods are made available for the consumption of the masses. They also work on enhancing the quality of the products while reducing their production costs.
4. Investment Bankers
Investment bankers help companies raise capital through mergers and acquisitions. They also advise companies on the various investment risks and guide them in making informed choices. Investment bankers work in various industries from banks to other public and private firms.
5. Credit Analysts
Credit analysts are professionals that work in the financial field. They help in evaluating the creditworthiness of individuals or other organisations by analysing their credit history. This is done to determine if they have adequate cash flow to repay debts on time.
Compared to some other undergraduate degrees the earning potential of someone that holds a dual degree in BTech and MBA is comparatively higher. An individual with just a BTech degree may not earn much but pursuing an MBA degree can certainly lead to better career opportunities with a better pay scale.
The average salary of a BTech graduate may hover between 4-5 LPA but with an MBA degree that can take a huge leap and reach 18 LPA depending on the job position and level of experience.
Let’s take a look at some high-sought-after MBA jobs and their average salary:
|Job Role||Average Salary in INR|
|Marketing Manager||7 LPA|
|Human Resources Manager||6.5 LPA|
|Supply Chain Manager||13.1 LPA|
|Investment Banker||4 LPA|
|Credit Analyst||5 LPA|
Is it a Good Idea to Do MBA after BTech?
Pursuing an MBA after doing BTech is certainly a wise choice if you want to secure a job that is financially rewarding. The reason why MBA is such a popular professional degree is that it focuses on the overall development of an individual. The skills that you learn from the degree can be applied to various sectors and when the need arises can also help you set up your own business venture.
Moreover, the combination of technical and management skills you acquire from an MBA and BTech degree is seen as an asset by many recruiters because having a firm grasp on both domains means you have much more to offer than someone with just one degree.