Many students nowadays are looking to make fundamental changes to their career trajectory. There are numerous reasons as to why this phenomenon is rising. It is advantageous for many students to have an abundance of experience and knowledge, preferably from different fields to show off in their resumes. Many of these students are M.Tech graduates who are considering pursuing an MBA and adding another feather to their cap. Many students give into pursuing a technical degree mainly because of parental and societal pressure, it is only while pursuing the degree that they realize that they don’t wish to make a career in that field. Many others realize that an MBA will expand the scope of their job opportunities when combined with their M. Tech. Whatever your reason for considering an MBA after M. Tech may be, it is normal to be apprehensive about whether or not that is the right decision to make. There are various factors that need to be considered when planning to pursue an MBA after MTech, so we have curated all the information that you will need so you can consider all your options and follow through with this decision.
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Which is Better: MBA or MTech?
If you are confused between MBA or MTech, the best way to decide is highlighting your career goals and interests. If you want to study a business degree after completing BTech, the MBA is the right choice and if you aim to specialise in a certain Engineering specialisation, then MTech after BTech is the best choice. While both these courses require students to crack certain entrance exam like GMAT for MBA and GATE for MTech, there are various alternatives available for such exams. There are also many universities in India and abroad which offer MTech without GATE such as Aligarh Muslim University (AMU), University of Hyderabad, Jamia Milia Islamia, Pondicherry University, etc. or MBA without GMAT.
To help you resolve your doubts, here is a comparison between MBA vs MTech:
|Specialisation||Engineering Technology, Information Technology, Fashion Technology, Computer Science, Project Management, amongst others.||Specialisations of Engineering and Technology like IT, Mechanical, Civil, Production, etc.|
|Entrance Exams||MAT/XAT/CATGMAT/GRE scores, MBA essays||GATE, GRE, OJEE, etc.|
|Fees||MBA courses especially from top business schools can be slightly costly while there are 1-year and short-term MBAs which are economical.||MTech programs are quite affordable than MBA.|
|Career Scope||Managerial profiles at mid or senior level||Technical and engineering-related profiles|
|Salary||5 Lakhs to 9 Lakhs||8 Lakhs to 11 Lakhs p.a.|
Further, the best part of MBA vs MTech is that if you have opted for MTech to gain a specialisation in engineering, you can always opt for an MBA afterwards to combine your technical expertise with business skills!
How is the idea of Doing MBA after MTech?
MBA after MTech is a great idea for those who want to gain valuable business and technical skills and thrive in the competitive IT industry. It will boost your career opportunities as well as provide you with a higher salary package. Here are the top high-paying industries you can explore by pursuing MBA after MTech:
- IT Management
- Business Analytics
- Human Resources Management
- Project Management
- Digital Marketing
- Database Management
- Operational Management
- IT Administration
The average salary of an MTech graduate is somewhere around 8 Lakhs to 11 Lakhs annually and pursuing MBA after MTech, you can expect a whopping salary hike of 25% to 30%.
Why Pursue an MBA after MTech?
While there are good opportunities in the field of M. Tech they tend to be limited in terms of the area and industries available to you. It is limited to the field of technical operations and is predominantly limited to the engineering and mechanical industry. But why should you merely invest in an MBA degree on the basis of that? Combining an MBA after the M. Tech will open endless doors of opportunities for you in various fields like HR, technical management, administration, operational and marketing among others. You can also work across industries like Service, FMCG, corporate, etc. This combination of MBA and M.Tech create better professional prospects as you will be in the possession of a more varied skill set and expertise than you would have been had you simply specialized in one discipline and done nothing more.
Also Read: MBA Without Work Experience in Canada
Pros of Pursuing an MBA after MTech
There are various reasons as to why you should pursue an MBA after MTech, these include-
- The combination of an MBA and M.Tech is versatile, desirable and lucrative when assessed on the basis of a techno-management technology that is in demand in the modern global economy.
- Even if you are to reduce it to a purely financially motivated decision, based on how much you can earn later, having a combination of these degrees will increase your chances of better pay than if you were to pursue either of them separately.
- As you move up the ranks in any profession, it will become largely administrative in nature and will revolve around managing teams and projects. An MBA degree, due to its holistic nature, will prepare you better for those challenges and equip you with the proper skills to deal with the shifting responsibilities of your career.
Best MBA Courses After MTech
Here is a list of Job Oriented Courses after MBA
Here are some of the popular universities you can explore if you are aiming to pursue MBA after MTech. Be assured that the below mentioned universities are top-notch in nature:
|University/ Business Schools||Country|
|Stanford university||United States|
|London Business School||United Kingdom|
|MIT (Sloan)||United States|
|Kellogg School of Management||United States|
|Ross School of Business||United States|
|Haas School of Business||United States|
|IE Business School||Madrid, Spain|
MBA from IIM After MTech
MBA from IIM is a great idea after MTech as you can gain a valuable business degree from one of the best business schools in India. But it is better to directly apply for an MBA at IIT after completing BTech rather than taking another two years pursuing MTech. Here are the major requirements to pursue MBA from IIM after MTech:
- 50% aggregate marks or equivalent in your bachelor’s degree
- Valid CAT exam scores
Job Opportunities for MBA after MTech
One of the most crucial topics to contemplate while deciding on a course are the job opportunities available after the completion of said course. There is a lot of scope for those who pursue an MBA after MTech on the basis of their chosen area of specialization. Some of the job opportunities available to you after pursuing a certain field are given below-
|MBA in Marketing||Brand Manager
Market Research Analyst
|MBA in Finance||Accounting Manager
Risk and Insurance Manager
Chief Financial Officer
|MBA in Operations||Supply Chain Manager
Inventory Control Manager
|MBA in Technology||Chief Technology Officers
Information Systems Managers
Business Development Executive/Manager
Technical Product Manager
Data Processing Manager
Technical Program Manager
Senior Product Manager
It is quite possible to pursue MBA after M.Tech. In fact, it will streamline your educational career into lucrative job prospects. You can get into the fields of sales, marketing, HR, systems, operations.
No, you cannot pursue both MBA and MTech together as both are postgraduate courses. You can surely pursue MBA after MTech.
MBA is one of the most lucrative jobs out there. An MBA degree will help you earn much more than a Mtech. However, it is essential to pursue MBA from a reputed university.
MBA will prepare to open your avenues in the field of non-technical landscape. On the other hand, MTech will empower you to delve into the world of technologies. You will earn a plethora of opportunities in the areas of academia, research as well as development and related technical fields.
You will surely earn a decent package after completing a Mtech degree. You are likely to 3,00,000 to 11,00,000 INR annually. Similarly, if you are into manufacturing and civil, you can surely earn the same amount to that of industrial.
While we have provided you with all the information you will require for making an informed decision, it is but natural to have doubts. One should not make decisions in haste or without clarity. After all, despite the aforementioned details concerning the topic, nothing beats a conversation with an expert in the field. For that, you can contact the professionals at Leverage Edu who can help you attain clarity and help you make a decision best suited for you.