Masters in Business Management is one of the most sought after master's level course today. Students from almost all academic backgrounds aim to secure admission in one of the top b-schools in the country. Common Admission Test or CAT is one of the most popular management entrance tests in the country and the majority of the applicants that appear in the exam are engineering students. This undoubtedly raises the question of why do so many engineers prefer to pursue a business degree instead of going for higher studies in the same field as they did their graduation. Well, there sure are a certain advantage of pursuing a management degree after B.Tech. Let's have a look at some of these advantages.
In the first place, it can be argued that pursuing a B. Tech degree at the graduation level and an MBA degree at the postgraduate level gives the students the chance of accruing the knowledge and skills from both the fronts. So, obviously, pursuing an MBA degree after a B.Tech degree is an advantage in the competitive market.
There are quite a few candidates who prefer gaining some practical work experience in the field after graduation before enrolling for a management course. They prefer working in the field of a year or two to gain experience in the field of their graduation before moving to pursue a management course and develop their business management skills.
In fact, this seems a very feasible option as when the candidates apply for jobs post completion of their management degree they have skills sets from two different backgrounds and also some practical work experience of working in the field. On the other hand, it also helps candidates fund their fee for the management course.
Candidates with an engineering background can opt for specialties that help them make use of their skills from both the fields. They must shortlist the colleges and the courses that can help them enhance their profile. There is no dearth of good MBA institutions in the country however not all colleges teach all the specialisations. So make sure that you shortlist the colleges the teach the course of your preference and pick the one that's best suited to your needs.
Here are some advantages of pursuing a management degree in today's time.
For MBA graduates, the average salary starts from $ 70,000 (in government institutions or non-profit) to $ 120,000 (consulting, finance or health). That's almost double what one can earn through a regular college degree. In this case, in 2-3 years, one can cover the investment made in their education. MBA is estimated to cost the US $ 110,000 on average from a top business college.
MBA graduates have a better and higher chance of getting a senior management position. This type of situation brings a higher salary, but of course, also more responsibility and more working hours.
MBA students have great networking opportunities their course curriculum allows them to meet and interact with other in a meaningful way with peers (future senior managers), teachers and staff (usually, powerful business people with great experience). Last but not least, they also have access to the extensive network of alumni of the MBA program and other professionals with key positions.
Pursuing a Master in Business Administration forces the students to leave their comfort zone. It also teaches them to apply the latest management techniques and test their practices and approaches constantly. And that will continue after B. Tech because an MBA also provides them the channels that push them to continually improve.
As mentioned earlier, by pursuing an MBA course, students will be part of a large network of professionals and companies and deal with the newest troubleshooting. These things together give them a great view of the business world, a deeper understanding, and receptivity to the slightest of changes in this environment. Also, as a regular employee, access will be restricted to much of the relevant information. As a graduate student of an MBA, this idea comes with the territory and is a great advantage, not only for them, as a manager, but also for any potential employer.
So, here factors that make pursuing an MBA after B.Tech or any other degree for the matter an advantageous deal for you. In a nutshell, it is pretty clear and safe to say that the advantages of a Masters in Business Administration are many and one gets many career opportunities that will not let your career stagnate and will keep the pace of your professional life exciting.
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