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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.
Engineers account for 75% of MBA applicant
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.
Is an MBA a Good Option After Engineering
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
Reasons why students from technical backgrounds want to pursue an MBA to advance their professions
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.
Students who have graduated from the Top Engineering Colleges in India may choose to pursue an MBA degree after completing their education in order to earn a good wage. Engineers who study an MBA can expect to earn between INR 7,00,000 and INR 8,00,000 per year as freshers.
According to Scaler, barely 3 percent of engineering graduates earn INR 8,00,000 – INR 10,00,000. At least 70% of engineers get a starting salary of INR 8,00,000 after obtaining an extra MBA degree.
Every year, around 12.5 lakh engineers consider changing careers due to a lack of employment scope and adequate remuneration. This motivates people to get an MBA in order to further their careers, earn a solid living, and advance into management roles.
When the industry discovered that 80% of engineers were unemployed in 2020, an MBA degree was the only way out. Until 2011, the number of women pursuing an MBA was small, but by 2019, the figure had risen to 32%.
Several MBA courses, such as MBA in Finance, MBA in International Business, MBA in Marketing, MBA in Human Resource Management, and MBA in Operations, can be pursued after engineering to give engineers a seamless professional path.
The Faculty of Management Studies (FMS) in Delhi has announced that it will accept 279 MBA students for the academic year 2021-2023. According to FMS, 68 percent of students have a background in engineering.
The FMS further reveals that the batch includes 16% from IITs/BITS, 20% from NITs/NSIT/DTU, and 18% from Delhi University’s premium colleges.
Finance manager – Rs 5,93,000 to 25,96,000, Operations manager – Rs 3,00,000 to 20,00,000, Marketing manager – Rs 2,92,000 to 20,00,000, Business development executive – Rs 1,74,000 to 5,55,000, and Human Resources Generalist – Rs 2,39,000 to 8,44,000 are the average salaries of engineers with an MBA degree.
The NMAT, India’s most prestigious MBA entrance exam for anyone B-school, has revealed some interesting trends among applicants. The proportion of engineers has increased from 65% last year to 68% this year. The percentage of applicants with technical job experience is 35%, while the percentage of candidates with more than 20 months of experience has climbed from 23% to 26% this year.
Engineering Students Are Business-Aware
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.
Engineers with MBAs are preferred by employers.
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.
Also read: The Value of Worksheets for Asynchronous Online Courses
FAQs
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. Is it a smart idea to get an MBA after graduating from engineering?
Why do so many engineers start their own businesses?
Why are top CEOs engineers?
