If you are a B.tech student and you are about to finish your degree, you might find yourself wondering about one thing which is common among the students of your age – whether you should do a job right after your degree, go for higher education, or start your own venture? A B.tech degree opens many doors for a student. When you get to see so many opportunities in front of your eyes, you are bound to get confused. And if you are a student who is just about to start your B.tech degree, all these thoughts will soon disturb you!
Doing an MBA after B.tech changes your field from a technical area to a less technical area. If while studying your degree you do not develop an interest in your field, then there is always the option of doing MBA and moving away from a technical career. MBA and B.tech are slightly different. But, the combination of both will surely take your career towards success.
MBA is a more managerial degree dealing with the sphere of business and administration. It needs a problem-solving attitude in a person. MBA is surely an exciting career opportunity. There are a lot of people in the corporate world who have done engineering as well as MBA from great institutions and now they work in a different wide range of industries.
Doing MBA right after you under graduation or after gaining some work experience is purely your choice. It is always better to do what you like the most, but it is also important that you make a calculated decisions. It is not advisable to follow your friends just because they earn well. Loving your work should be the primary concern.
Both doing an MBA after B.tech and continuing higher education in the field of engineering have pros and cons; but at the end of the day, it’s your choice. So, let us first take a look at these pros and cons, and this will help you make a conscious choice!
Advantages of MBA after B.tech
1) High demand
The present market scenario clearly shows that professionals with a managerial degree always have a high demand, no matter which industry. It is a trend that has been seen by many generations over the past few years. No matter the type of professional you are, a managerial degree with a professional degree will get preference over only a professional degree.
2) High salaries
While salaries depend on a lot of other factors, if you have the engineering background along with MBA from a reputed institute, you may get placed at a better salary package than others. It solely does not depend on this factor though. For a high package with the degree, you want great communication skills and other relevant skills.
3) Working with big companies
MBA with a professional degree attract a lot of big and reputed companies globally. Also, the IT industry and banking industry, both are interested in hiring people who are from B.tech with MBA. And if you are able to crack one of the top international B-schools, then you are highly likely to find offers from a lot of top-tier companies once you graduate.
1. Fields are not related
Many people do MBA after B.tech to get into the banking industry. Both these fields are not related. It could have been better to do BBA or B.Com and than MBA. You probably would have got the same package.
2. Top International B-schools require work experience
Most top B-schools such as Harvard, Stanford, INSEAD, NYU, etc. will always require applicants to have at least 3-4 years of work experience before they apply. As someone right out of graduation and wanting to pursue an MBA, these top institutions will not be an option for you.
3. Competition is very high
There are a huge number of students who opt for engineering after 12th. Therefore, the number of professionals with B.tech and MBA degrees is significantly more than professionals with other degrees. Because of this demand for jobs is more than the supply and this leads to unemployment among the youth.
M.Tech or MBA after B.tech?
Many students who are done with their undergraduate program in Engineering (B.Tech) and planning to pursue their study further with post-graduation programs have two main options. They can go forward with the same Engineering field which is M.Tech, or they can go for Business Administration programs such as MBA which can open a vast new field of business and management opportunities for them.
One of the main reasons behind why students are nowadays going more towards MBA after graduation is simply the factor of a non-technical form of education. An MBA degree helps secure your future in non-technical industries. On the other hand, M.Tech deals with a technical field that will take you deep into engineering studies and its components.
MBA is purely a management degree where you got to learn about management concepts like finance, accounts, marketing, etc. It will probably a take good amount of time to change your mindset from technical to the various concepts of management courses, and it may also disconnect you from engineering learning except for some subjects. But, MBA no doubt has a large number of jobs and major areas for building a fabulous career which can promise you a secure career!
The employment level and salary packages in MBA definitely have an upper hand over M.Tech graduates as MBA graduates will start with a trademark salary of around 80K to 1lakh per month which is a huge amount in Indian currency, and in US they will be earning around 1000$ per Week!
Having discussed the individual merits and demerits of M.Tech and MBA, we believe you will now find it easy to answer whether MBA is the best career option for you. If you like the Engineering subject and want to specialize in the subject, M.Tech is the obvious answer. But if you are a go-getter and would like to see yourself lead industries or work in venture capitalist firms then you would want to generalize and widen your career scope, and for that MBA should be the choice for you.
Should you work first and then get an MBA?
If your goal is to complete your education once and for all before you start your professional career, then preparing for CAT and getting into one of the top IIMs should definitely be your path forward. But, there is always a path less travelled – and that is opting for an international MBA.
B-schools in USA, Europe, Canada, etc. provide a much larger scope of networking and finding top-tier jobs. And for the same reason they also expect the applicants to have some professional experience before they join. Think about it – if you walk into a Harvard MBA classroom where all the future industry leaders are sitting beside you, and you don’t have any idea how the professional world really works – you will not learn anything!
If you truly want the best out of your MBA degree, then the best way forward is an international MBA from a reputed B-school. Does it sound like something out of your league? Not to worry, check out this concise video about what your application timeline should look like!