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Question & Answers: Choosing the correct MBA course

Question

I am an undergraduate (3rd yr) student studying in National Institute of Technology, Calicut, Kerala, India. I am pursuing a bachelor’s in Electrical Engineering. I was hoping whether you could advise me on higher studies (MBA) for a career advancement and good growth. What are the available options at home, here and abroad?

Currently, I hold a visit visa and stay with my parents. Please advice with respect to the quality, finance, placements & course duration at the respective school.

Also, what are the types of specialization one could do in MBA?

Answer

Before you decide on where to a MBA I would suggest you get some work experience. Generally MBA schools prefer students who have some work experience which I tend to agree with. MBA degrees have been under a lot of criticism with many saying several business leaders have no MBA’s and is it really needed? I do feel it helps managers make better decisions as well perform better and looking through research it seems to support this view. I also feel pursuing an MBA from a reputable school helps you network giving you lifelong contacts. The course helps you develop your career to its maximum and gives you a mixture of ‘hard skills’ in finance, economics, operations, marketing, etc., along with ‘soft skills’ of teamwork, communications and leadership. I have simplified the reason to study an MBA as there is no single reason but rather a combination including increase in salary and career advancement.

MBA

If you are still keen to do MBA straight after graduation, there are management schools that would accept you but you are limiting your choices.

Work experience not only helps you learn more from the MBA but would help decide on which field you really are interested in if you want to focus on. You should know that you don’t need to specialize and can obtain a general MBA. MBA’s are an excellent choice after engineering judging from the CEO’s of fortune 500 companies who have an engineering and MBA combination!

Many engineers lack knowledge about finance if you plan to go into the management side of business. Project management, marketing, etc are a few options you could consider.

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