Future of MBA for Engineers in 2021

Now 2021 at our doorstep and every engineer wants to grow in his professional career, and MBA will be a good option to reach a management level, So we need to understand the future of MBA for engineers in the new year 2021.

What is MBA?

MBA is the course offered for a master’s of business administration. In MBA we learn about business strategies, planning, market structure, human resource, and sale forecasting. MBA is a post-graduate program that is mostly suggested for those people who want to reach at management level from technical.
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Why do you need to do an MBA?

Let’s understand with few important parameters why you don’t need to do MBA,

1. Advance Skill

MBA offered advanced skills to grow in career and it also gives an opportunity to learn about the competitive market. We learn about marketing skills, human resources, finance, and project management.

2. Branding

Once you get a tag of MBA from a reputed institution then your own brand value will get increase and the reputation in your professional career will be in a good position. So you can join MBA for making your brand value also.

3. Role Change

This parameter is also an important and most common reason to do an MBA these days. Engineers also want to change job roles from engineering to management then MBA is also required.

4. Networking

If you want to build a network in your field then MBA would be the best option, because you are learning MBA with future market leaders. Your classmates will be the future leader of multiple kinds of industries so your network will be very strong.

Why MBA does not need to Do?

1. Fee

Fee Structure is the most important factor to avoid MBA. The average 2-year fee of an MBA is around 40Lakhs from reputed institutes. But an average financial person can’t bear such a huge fee charge.

2. No Earning

During the period of MBA, there is no source of earning so it is difficult to survive without income.

3. For Start-up

If you want to start your own business or want to become an entrepreneur then MBA would not be worthy for you because you will not able to give proper time to your start-up and daily working time would not be worthy of it.

Value of MBA in 2021

These days new industry professionals are intended to start their own start-up and Indian government also forced to be an entrepreneur. So for start, a new business people also need financial skills, management skills, human resource skills, and marketing skills.
So the demand will be good But one more factor is here, the benefit of an MBA is only from a reputed institution. If MBA is from a normal institute then there is no future benefit but in case if you will not able to get admission to a good college then another option is also there.
Another option is that you can learn from books and online courses about finance, marketing, HR and just grow your career because knowledge is more important than a degree and these days company is also not demanding degree then need a skilled person who has knowledge of those work.

Top 10 MBA Colleges in India

Can I do Certification Courses instead of MBA?

Well, these days an MBA degree is not mandatory to get a job or start-up you can also learn everything about an MBA course from certification.  You can get certification in finance, HR, marketing, network marketing, advertising. So yes it is completely worthy instead of MBA. And I’ll recommend for those people who don’t have enough money for an MBA fee and they don’t want to invest 2 or 3 years then the certification course would be the best option.