After completion of engineering MBA is a go-to route for many engineers. While there are many specializations an MBA offers, What sets MBA in Finance after engineering apart? Should you choose it?
Why MBA in Finance after engineering?
Almost every student agrees on an impeccable reputation that an MBA degree has made for itself. No matter which field you work in, or which course you study, you must have heard about MBA being a viable career option.
And, why not?
MBA is a professional degree that is in demand all over the world for a reason. It provides students with the skill set needed to lead, manage and administer the organisation while taking it to great heights.
Employers are eagerly looking for the individuals who profoundly know the foundations of business and how it works. An MBA degree is all about it. From soft skills to professional skills, you have it all.
To know more, please read : All You Need To Know About MBA
Why MBA in Finance after engineering?
When you were in your graduation that is engineering, you have learnt the basic technical skills associated with various technologies. With an academic perspective, you have earned very good mathematical and analytical skills.
But, this is not enough to be ahead in the race.
With the quality of education provided in the engineering course and the number of engineering graduates increasing year by year, you need to be more than just an engineer. You need more skills, more opportunities and varied knowledge.
Here, MBA in Finance comes to your rescue.
You might ask : But, why only finance while there are many other specializations? I have also heard that it is tough, and how can I compete with commerce graduates who have a good basic knowledge of this already?
If you are thinking this, then it is time to rethink. Finance is an integral part of any business. Without it, the business just could not survive.
All the businesses thrive on finance, and proper management of finances can make a great difference to the company’s success. and the people in business know this, and that is why MBA in Finance is very much popular and in demand course.
Being an engineering, your mathematical and analytical skills makes a great way to go for MBA in Finance. The skills gained in your engineering provides you an advantage in understanding the most important concepts of finance.
As Finance involves a lot of mathematical and analytical skills, you are absolutely good to go for an MBA in Finance.
And, don’t forget that a lot of people who crack the entrance exams of MBA are engineers.
Career Prospects after MBA in Finance
There are a lot of positions that open up to you after an MBA in Finance . Here are the few :
- Account Manager
- Financial advisor
- Business Analyst
- Corporate Controllers
- Finance Officer
- Investment Banking Associates
- Credit Managers & Specialists
- Budget analyst
- Finance Manager
- Research Analyst
- Equity Research Analyst
- Accounts Officer
- Finance Executive
- Assistant Manager
What do they teach in MBA in Finance after Engineering
On a broader perspective, you will learn about macroeconomics, cost accounting, financial planning, corporate finances, international markets, cost budgeting, risk management and so on.
This helps you to build an analytical foundation that is very much required to excel in finance.
Once you have made your decision, it is time to prepare to get into an MBA institute. That is the entrance examinations. You need to prepare for the CAT if you want to apply for IIM’s and similar institutes.
Confused regarding your career choices or not sure of what you actually want to do? Talk to our mentors at foreignadmits and seek utmost clarity and confidently trudge forward.
Conclusion
Finance is an integral part of any business organisation, having proficiency in finances can lead to a lot of opportunities and career growth with a lucrative paycheck. Besides that, an MBA is known to inculcate professional skills and soft skills that are vital to reaching any senior management position. Hence, an MBA in Finance after engineering is absolutely worth it if you have relevant interests and a plan to move forward in the field.
Frequently Asked Questions
Q1. Can a student pursue an MBA in finance after completing a BTech?
Ans. If a student has a solid analytical and quantitative background, they can undertake an MBA in Finance. The MBA in Finance program is ideal for those who have strong quantitative and analytical abilities. They should also remember that engineers are frequently admitted to MBA schools.
Q2. Can I pursue a master’s degree in finance after finishing my engineering degree?
Ans. Yes, you can pursue a Master’s degree in finance after completing your B. Tech. Most institutions and colleges provide an MBA in finance as well as several of its subcategories within the speciality.
Q3. Is it tough for engineering students to pursue an MBA?
Ans. MBA is a demanding degree, but the degree of difficulty is determined on the subject you choose.
Q4. Why did you pursue an MBA in finance after graduating from engineering?
Ans. An MBA in finance provides engineering graduates with a wealth of quantitative and analytical abilities. Engineers understand how to solve complicated problems. An MBA in finance teaches them regarding financial concerns; it is a wonderful combination of talents for recruiters.
Q5. Is an MBA worthwhile after an engineering degree?
Ans. One of the most significant advantages of an MBA after engineering is the variety of employment opportunities offered. An engineer will be knowledgeable and skilled in the technical elements of science and engineering. Obtaining an MBA will supplement and increase your experience in related disciplines.
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