In today’s corporate world all companies are piggybacking on technology to meet their business objectives, this is where the technology side of an engineer helps him to become an efficient manager. If as an engineer, tinkering in the research and development lab and manufacturing products is your sole passion and makes you content, then by all means, stick to your engineering degree. However, if you want to accelerate your career and are looking to venture into a managerial role, a management degree becomes imperative.
Engineering Provides the Technical Backbone
All businesses are either about making a product or providing a service. If it’s a product, it is about making sure it is manufactured well. So, engineers are better equipped to understand the technicalities and the manufacturing part of it. To that extent, in a manufacturing set up, engineering becomes key. In the service sector too, while the front end is involved in marketing the service, at the back end, it depends a lot on technologies, like IT, managing software, science and engineering.
An MBA Degree Adds Value
Having said this, all businesses are also about selling and marketing the said product or service. In this context, an engineer with an MBA degree, with a better perspective of business practices, effective communication, marketing and cash flow, can add more value. Considering that they understand the product’s technology completely, they will have a better grip on its marketable and saleable features.
MBA Grads are More In Demand
Having a business mindset always helps. In any organisation, people with a business background will always be more in number than hardcore technology people because in the end, it is all about creating economic value.
This is one of the reasons why some premier institutes are now offering dual degree integrated programs in engineering and MBA. NMIMS deemed to be University’s Mukesh Patel School of Technology Management & Engineering (MPSTME), for instance, offers a unique tailormade program, MBA (Tech), which is ideal for those looking to ace in technical knowledge and gain expertise in business practices in the most efficient way. They offer the program with options in Information Technology, Electronics & Telecommunications Engineering, Chemical Engineering, Computer Engineering and Mechanical Engineering.
As opposed to completing two different programs one after the other, MBA (Tech) ensures that you are industry ready in merely 5 years. The curriculum provides conceptual, higher order learning skills and practical knowledge. The pedagogy is based on concept development through projects, case studies and practical experience in the industry. Six months of internships give the students first-hand industry experience, thus making them ready for their real-life industry stint.
Interested candidates have to give their entrance exam, the NMIMS NPAT 2020, to secure a place in this prestigious institute, which is now open.
Some perks of being an engineer with MBA:
More job avenues across sectors open up
Attracts a better salary package
Leads to better career growth
Enjoy the dual advantage of being managers who can leverage appropriate technology for business growth.
It makes you a multi-skilled person, with both technical skills as well as managerial skills that gives you better prospects for job opportunities.