Statistically, the brightest academic pupils in school ‘were’ urged by their ‘Indian’ parents to choose Math or ‘Bio’ after 10th Simple Only a few, out of curiosity or because their parents work in the ‘Business’ domain, choose ‘Commerce’ for their ward. Because of their low ratings, the rest choose ‘Commerce’ by default. So you have a large proportion of people taking the Engineering Entrance Exam, which filters them and academically bright + 2 /3 yrs Coaching reaches IITs / NITs. Coaching is really important, my dear. If the latter is overlooked, you will not make it (I am speaking to the 99.9 percent group). There will be outliers everywhere; I am not referring to them and these graduates pass the MBA admission exam. It’s the sheer amount of good persons with an engineering degree who take the MBA admission exam, and thus the proportion.
As more engineering students pursue an MBA, it is clear that an MBA after engineering is gradually becoming the new norm. Every year, approximately 15 lakh students graduate as engineers, according to industry statistics. However, just 2.5 lakh engineers are able to find work in their field. Approximately 2.2 lakh engineers work in software services, with the remainder in IT services. According to Scaler’s research, 80 percent of engineers in India pursue non-technical occupations.
After BTech, MBA is one of the most popular courses as a career option for engineers. The majority of students in PGP programmes at Top MBA Colleges in India, such as the Indian Institutes of Management (IIMs), have an engineering background. An MBA degree offers various benefits, which add to management courses’ appeal among engineers.
97 percent of Executive MBA students have at least 13 years of industry experience. 89 percent of part-time MBA students had more than six years of work experience. 89.6% of full-time MBA students had worked for at least four years. 79 percent of MBA graduates go on to work for well-known companies. While 10% of MBA graduates prefer to launch their own enterprises as self-employed entrepreneurs.
It has been established in the preceding sections that a bachelor’s degree in engineering is insufficient to obtain a well-paying job. Most IIMs, including IIM Ahmedabad, IIM Kolkata, IIM Lucknow, and IIM Bangalore, have 75-80 percent MBA applicants from engineering backgrounds. IITs and NITs produce between 30 and 35 percent of graduates
MBA is more than simply a degree; it helps students improve themselves as a whole. Students increase their spoken communication skills, analytical abilities, negotiating, decision-making abilities, and teamwork spirit. When paired with problem-solving, critical, and analytical thinking talents, engineering graduates have an advantage. An MBA program’s total exposure and networking possibilities can assist form a student’s personality.
Certain courses can assist students in obtaining job offers from corporations. Engineering students excel at math and reasoning. As a result, they can discover good opportunities in the sector of finance. Because they are mechanical engineers and excel at tasks involving industrial research, the majority of them pursue Operations Management.
Management education is also beneficial to those who have a background in engineering. They believe that an MBA from a reputable institution will put them on the fast track to success in their careers.
There is a reason why recruiters prefer engineering grads. An engineer receives a degree after completing a four-year programme, whereas other programmes, such as BCom, are completed in three years. So, if a corporation must spend money on an employee, they would prefer someone with skill in a specific medium, such as software or mechanical.
As a result, the engineering MBA graduate is well-versed in management knowledge, skills, and procedures, in addition to their technical engineering ability. An MBA offers students the confidence to utilize these skills to establish ‘development strategies’ for their employers, making them indispensable and sought after.
An MBA after engineering gives doors to extensive alumni networks, top-tier internships, and the best managerial employment opportunities. It is the beginning of one of the most rewarding career paths. After earning your BTech degree, an MBA is an excellent alternative.
They require greater business knowledge and abilities in order to become strategic leaders in their firms. An MBA provides an engineer with the broader business understanding needed to make smart business decisions and comprehend the full effect of those actions. They must be competent to handle others.
Solvers of problems, engineers can also achieve excellent results by weighing cost versus performance. Many engineers who have previously become successful CEOs argue that the abilities and training that engineers exercise are excellent for business, which properly defines why the majority of CEOs are engineers.