Best 5 MBA Streams to Pursue after Engineering in 2024
There are Several factors, such as personal interests, career objectives, and desired industry, play a significant role when deciding the choice of MBA specialization. This article has the goal to provide an answer to the question, “Which specialization is the most beneficial in MBA after completing engineering?”
Best MBA Specialization for Engineers
Thinking about whether to pursue an MBA after completing a B.Tech degree is a major choice that nearly every engineering graduate in India faces. Pursuing an MBA overseas has become a popular choice among students following the completion of their engineering degree. Obtaining an MBA degree after completing a bachelor’s degree in Engineering offers numerous advantages, as it equips you with a wide range of skills and provides access to a variety of career prospects.
Before making a decision, first consider your previous professional experiences and carefully analyze your future career goals in order to choose the most appropriate MBA specialization. To achieve your goal, you can leverage your professional experiences along with pursuing an advanced degree. If your ultimate career goal is to manage a group of people who do technical work, you may consider an MBA with an Engineering Management specialization. Alternatively, you may consider pursuing an MBA in either general management or project management.
The most important thing to consider when evaluating your career goals is how much you want to be involved in the operations at your company. If studying finance, accounting, or strategic management isn’t necessary for you, a technically focused master’s degree could be suitable. However, an MBA with a focus on strategy, finance, marketing, or another related field will be ideal if you hope to hold a managerial role in your organization and require expertise in these fields.
Why you should Pursue MBA after Engineering Degree?
Come on, let’s be honest! The real men of the technical world are engineers, but if you want to be a leader, you need to have a deeper understanding of business.
Getting an MBA degree will provide you the marketing, finance, and negotiating abilities necessary to close the gap between technology and business.
Additionally, it will provide access to various fields, such as managing tech giants or starting your own business
What is the eligibility for MBA after Engineering?
Students who want to get enrolled in an MBA program at a reputable business school must meet specific requirements for admission, which vary depending on the course and university. Basic qualifying requirements for pursuing an MBA after engineering are mentioned below.
✅Get the required scores and a bachelor’s degree in any relevant field from an accredited university.
✅GMAT results (Note: Many universities globally offer MBA programs without a GMAT).
✅Work experience (if necessary) in a related field. Having work experience is a requirement for applying to MBA programs.
Best MBA Specializations to Study after B.Tech ( Engineering)
An MBA has something for everyone, which is its best feature. With more than 50 specialization options available, you can discover the ideal fit for your interests, professional objectives, engineering degree program, etc. The comprehensive list of MBA specializations that you can choose from after engineering is as follows:
The top five most popular and in-demand MBA specializations after engineering are listed below.
1-MBA in Business Analytics:
Organizations globally are spending huge amounts of money on analytics in an effort to gain insight and gather knowledge from the 2.5 quintillion bytes of data that are generated every day. Hiring data specialists who understand both the business applications and technical aspects of analytics and data will help to solve this issue. The best candidates for this position are engineers with MBAs who can assist businesses in making more informed decisions and investments in analytics-driven initiatives.
Due to this demand, data scientists now hold the best jobs in the USA, and their numbers are expanding exponentially in India. However, a master’s degree in management with an engineering background is required for about 40% of positions as data scientists and advance analysts.
2-MBA in Finance:
You should consider about focusing in finance when selecting an MBA electives. Having a finance MBA may be the key to unlocking a wealth of opportunities. Subjects including Corporate Finance, Investment Analysis, and Financial Management will be covered in your education.
Skills like analytical thinking, business intelligence, financial reporting, accounting, and time management are necessary for success in the finance industry.
Jobs in corporate finance, asset management, investment banking, and banking will all be available to you. You will be ready for leadership positions in the finance industry with this degree.
3-MBA in Marketing:
Engineers have begun choosing to pursue careers in marketing over the past few years. Pursuing an MBA in Marketing has many advantages. You’ll gain a thorough understanding of marketing management concepts and tactics.
In addition to building successful marketing plans and analyzing market trends, you will learn skills like consumer behavior, market research, branding, and advertising there.
Jobs in the fields of sales, digital marketing, and market research will be available to you. You will have the information and abilities required for marketing jobs with this degree.
4-MBA in Human Resource Management:
An MBA in HR after engineering can boost your career and open doors. Engineering professionals can benefit from an MBA in HR specialization in several ways:
Engineering provides technical skills, while an MBA in HR adds soft skills, leadership, and strategic thinking. Your technical and managerial skills make you a well-rounded professional.
An MBA in HR prepares you for HR manager, director, or CHRO roles. Human resource management expertise and team leadership are needed for these positions.
5-MBA in Operations Management:
An MBA in operations management has a very broad scope. It is similar to an ocean of opportunities. The need for managers of operations is extort people in a variety of industries.
In the manufacturing and service industries, operations management is primarily concerned with improving quality and productivity.
It is possible for engineers such as yourself to acquire important skills in project planning, logistics, inventory control, and process optimization.
A bright future and fulfilling career are possible in a variety of fields, such as manufacturing
Colleges for MBA after Engineering
Full-time MBA Colleges
| Name of the University | Fee (INR) |
|---|---|
| IIM Ahmedabad | ₹ 33 Lakh |
| IIM Bangalore | ₹ 24.5 Lakh |
| IIM Kozhikode | ₹ 20.5 Lakh |
| IIM Calcutta | ₹ 31 Lakh |
| XLRI Jamshedpur | ₹ 24.2 Lakh |
| Symbiosis Institute of Business Management | ₹ 24.4 Lakh |
Online/Distance MBA Colleges
| Institute Name | Fee (INR) |
|---|---|
| Online Manipal, Jaipur Online | ₹1.75 Lakh (Total Fee) |
| Suresh Gyan Vihar University Online | ₹58,000 (Total Fee) |
| Jaipur Engineering College and Research Centre University, DDE Online | ₹13,125 (Per Semester) |
| UPES Online | ₹1.50-1.99 Lakh (Total Fee) |
| Amity University Online | ₹1.79 Lakh (Total Fee) |
FAQs
Can i pursue MBA after engineering?
Yes, you can go for MBA after engineering, Its depend on your goals, An MBA can boost your business skills and lead to leadership roles. It may lead to job advancement, higher pay, and more industry options. However, cost, time, and career goals must be considered. Researching programs, networking with professionals, and assessing personal goals can help decide on an MBA. Personal circumstances and long-term career goals should determine the decision.
What are job opportunities after the completing of an MBA?
An MBA opens doors to many industries and jobs. Management consulting, finance, marketing,
operations, and entrepreneurship
offer graduate opportunities.
The exact job opportunities after an MBA are identified by factors such as the individual’s prior experience, specialisation, networking, and the business school’s reputation.
Is It Hard For Engineering Students To pursue MBA?
No, it isn’t, though how hard it is will depend on your field of specialization. The MBA is a fully professional degree in management, whereas the field of engineering is technical. The MBA program results in graduates with the leadership skills and business knowledge needed to succeed in the corporate world because its main objective is to prepare students for careers in business and leadership roles.
What Is the Best MBA Streams for Chemical Engineering?
Following chemical engineering, the two best MBA specializations for students are oil and gas management and carbon management. The alternative, though, is to pursue an MBA in strategy and work in strategy planning for a chemical company. It could be helpful to comprehend the procedures when creating a plan.
Which MBA specialization Is Best For Biotechnology Engineering?
If you want to pursue an MBA after biotechnology, one of the best specializations is biotechnology. The MBA in Biotechnology is offered by more than 28 MBA schools in India. A minority of students select the specialized field of study known as MBA in Biotechnology. However, it provides great employment opportunities in the biotechnology sector. A two-year, full-time degree program leads to an MBA in Biotechnology.
Which MBA stream Is Best For Civil Engineering?
Students with a degree in civil engineering are best suited for an MBA in finance, marketing, or operations.
A typical package for a job profile like project manager, building control surveyor, planner, etc. would be between 12 and 15 LPA.
Those who pursue an MBA after earning their civil engineering degree can find lucrative positions in technology management at major consulting and construction firms.
