If you are an engineer, then at the last stage of your graduation there may be hundreds of questions revolving around your head, to keep yourself on the technical side or move to the management field. These two questions are the most pertinent to every potential engineer. It leaves them in dilemma to choose between the two and leaves them brainstorming. For an engineer, the switch to the management field is about completely flipping the coin for himself/herself. Yet, students from engineering colleges in Gurgaon are opting for the MBA. The phase shift from the engineering background to the MBA by the students of the engineering colleges in Gurgaon is also due to the lack of opportunities in engineering background.
The students who are thinking of an MBA should always be clear about the future prospects of leaving the technical field and moving in the managerial sector. One thing which also plays a significant role in choosing MBA over technical filed is the high incentives. The engineers who work in the technical domain also have to move to the management sector after working for 5 to 10 years. Thus, the technical field is changed into the managerial one. Therefore students opting for MBA are still considering it as a viable option.
The MBA programs which are becoming more and more popular amongst the students have several drawbacks also. The first being the huge fee it charges in comparison to other postgraduate courses. Also, many top-rated MBA institutes are mainly open to candidates who have some experience in the industry. The students who apply for MBA programs directly after the under graduation program have lesser chances of making in the top business schools as they prefer candidates who have certain experience in the industry.
Apart from the high course fee charged for the MBA, there are certain other expenditures which have to be kept in mind. The first being the expense of lodging in the foreign country if you are applying to a foreign university. The other factor that most of the people forget about, is that when you are going for the MBA, you will be an unemployed person. Even if you are a working employee prior to the MBA course, you will be leaving your job to study. This adds up to the cost of education.
Where an executive MBA requires around 10 years of industry experience, it will be futile to think of an executive MBA from the technical perspective. If you are thinking to pursue MBA from any college irrespective of its track record then you may be mistaken. Many believe that just having the MBA degree is enough and the name of the college does not matter. This is a very wrong belief as the brand matters the most. If you do not belong from the top 1% of the top business schools in the country or from an Ivy League college then you will be treated just as a normal employee. If you aim for fortune 500 company and plan to earn big bucks then you should be very specific for the institution before applying. This is necessary because MBA in finance, marketing or human resource is only beneficial if you are from the top college. This is because the firms which pay you heavy sum as salary come only to these institutes for recruitment. Thus studying in these colleges while being an average student greatly enhances your chance to bag big annual package.
Another thing which should be kept in mind by the new birds is that having an MBA is not the end of the road. The management degree helps you to bend many straight pieces according to your need but at the end of the day, it is the potential of the individual candidate that really proves the metal. You may have a management degree from the top MBA Institutes in Indiaor from the ivy league but you can be nothing in front of the person who has solid industry experience. Still, the people who are from the industry and have experience are preferred over those who have MBA degree and have just graduated.
After this, if you are still planning to opt for an MBA program then there is a good news for the engineering background students. This is because the mathematics and reasoning which is asked in the exam is well below the level the level of mathematics taught in the engineering curriculum. Also, the engineering student is said to have a cutting edge over the non-engineering background students. If you have dealt with integrals and differential calculus then the statistics taught in the MBA curriculum will be a piece of cake for you.
