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MBA Vs Engineering which is better for Indian students

MBA and Engineering are the most popular courses students pursue. Both the courses are highly versatile and land good jobs for students. These courses are also great for students who wish to pursue their businesses in the future.

MBA stands for Master's in Business Administration. It focuses on providing business-related knowledge to students. Students who pursue MBA can work in Business, Management, Human Resources and much more. They can work full-time, part-time, or freelance jobs depending on their expertise.

Engineering, on the other hand, is a more Science-based subject. Students learn to design and build machines, structures, vehicles, etc. Some fields of Engineering also specialise in Chemistry, Biotechnology, etc. Students pursuing an Engineering degree tend to either get a job or start their business.

MBA and Engineering are both very diverse courses with different aspects. But, students may still find it confusing to choose between the two. Thus, given below are some essential differences between these degrees for a better understanding of students.

Why Study MBA?

As mentioned above, MBA is one of the most popular courses in any part of the world. The job opportunities that open up in front of you after an MBA are immense. A few reasons behind choosing MBA are given below.

1. Better Management Skills

MBA classes help develop business skills in students. These skills help in making a company successful. Students are equipped with management skills and techniques necessary for conducting business. These are some crucial skills that help in solving real-life problems as well.

2. Plenty of Specialisations

Students get several options for an MBA. Some popular specialisations are given below:

  • General Management: It is the most common MBA specialisation picked by students. It helps develop all-around knowledge, versatile business skills and an effective arsenal.
  • International Business: This degree is best for students who wish to work in global companies. It focuses on how one can alight business goals across countries.
  • Strategic Management: This degree is essential for learning strategic planning skills. Students learn backup planning and long-term business planning.

3. Access to an extensive business network

MBA degree provides excellent student networking opportunities. Students can interact with business people, professors and fellow students with excellent management skills. They can also gain access to the university's exclusive alum circle.

4. High-paying job market

High-paying Jobs and job security are some of the most significant benefits of MBA degrees. The average salary of an MBA graduate is way higher than a regular Master's degree holder. They also get popular career options like HR Management, Top Executive, Market Research Analysis etc.

5. Knowledge to start a business from scratch

The most significant benefit of pursuing an MBA is that students can create their businesses from scratch. They learn how to start and grow a business and turn dreams into reality. 

Why Study Engineering?

If you prefer to choose an Engineering degree, here is a little something for you. We have provided a few reasons why you should choose an Engineering course. They are as follows.

1. Engineering brings prestige

Since Engineering is a complicated subject, students must put in lots of hard work. They need to sacrifice all activities and focus on their studies only. This brings an element of respect for the Engineers. As a result, Engineering has become a prestigious degree.

2. Helps bring professional success

An Engineering degree is a professional degree that ensures career success. It provides students with several job opportunities and options. These are high-paying and stable jobs that provide tons of experience. Along with this, students can also acquire skills and gain confidence in their field.

3. Ready to solve problems

Pursuing an Engineering degree comes with problems and difficulties. This trains students to have a problem-solving mindset even in daily life. This mindset helps them in solving educational as well as life problems. Thus, this degree provides students with skills that make them ready to solve all problems.

4. Financial Security

An Engineering degree gives students future financial security. As these degrees are professional degrees, students can and will get a suitable job after passing. This provides them with financial security. The average starting salary of Engineering jobs is $60,000, which can increase to $180,000 with experience.

5. Chance to improve the world

Engineering is a new and upcoming career. It helps students contribute positively to the environment and society. They can build various structures, apps and services for an organisation which will bring growth. Along with this, they can also design other tools to bring ease to daily life. 

Specialisation in MBA Vs Engineering

Students can find various specialisation options in both MBA and Engineering degrees. However, these differ invariably and must be researched before choosing. Some popular MBA and Engineering specialisations are listed below:

Specialisations in MBA

Specialisations in Engineering

MBA in Finance

Aerospace Engineering

MBA in Marketing

Biomedical Engineering

MBA in Human Resource Management

Chemical engineering

MBA in International Business

Civil Engineering

MBA in Logistics & Supply Chain Management

Electrical and Computer System Engineering

MBA in Operations Management

Environment Engineering

MBA in Banking & Financial Services

Material Engineering

MBA in Insurance Business Management  

Mechanical Engineering

MBA in Rural Management

Robotics and Mechatronics Engineering

MBA in Healthcare Management

Software Engineering

MBA in Pharmaceutical Management

Computer System Engineering

MBA in Retail Management

Information Technology Engineering

MBA in Energy Management

Aeronautical Engineering

MBA in Infrastructure Management

Acoustic Engineering

MBA in Agri-Business Management

Agricultural Engineering

MBA in Entrepreneurship

Automobile Engineering

MBA in Family Managed Business

Biochemical Engineering

MBA in Sustainability Management

Electrical Engineering

MBA Dual Country Program

Geomatic Engineering

Difference Between MBA and Engineering

MBA and Engineering are two very diverse and different fields of study. They both deal with entirely different areas and have little to no overlapping. Given below are some essential differences between MBA and Engineering:

MBA

Engineering

MBA studies are related to Finance and Business

Engineering studies are related to Electronics, machinery structures etc.

Any graduate (Science, Commerce or Arts) can pursue an MBA.

Only students from the Science with Maths fields can pursue a degree in Engineering.

After pursuing MBA, students can become HR Managers, Financial Advisors, Entrepreneurs, etc.

After seeking Engineering, students can become Civil Engineers, Consultants, etc. 

It includes the study of subjects like Science, Maths, Business, Finance, Psychology, etc.

It consists of the study of Science and Maths.

Students learn to do their own business during their MBA.

Students may learn to pursue their own business in Engineering.

Top Universities to Study MBA and Engineering

There are many top universities worldwide for MBA and Engineering since these are the most popular degrees. These universities offer world-class education and accommodation facilities to students.Along with this, students get to study with top-quality professionals and network with people worldwide. Given below are some top universities for MBA and Engineering.

Top Universities to Study MBA

A few top universities to consider for studying MBA are given below. You can check the eligibility criteria asked for by these universities before proceeding further.

QS Ranking 2023

University

Overall Score

1.

Standford Graduate School of Business

94.5

2.

Penn (Wharton)

92.6

3.

MIT (Sloan)

92.5

4.

Harvard Business School

92.1

5.

HEC Paris

92

6.

INSEAD

91.1

7.

London Business School

91

8.

Columbia Business School

90.6

9.

IE Business School

89.8

10.

UC Berkeley

89.5

Top Universities to Study Engineering

If you wish to pursue an Engineering program, we have some of the best universities abroad that offer the course. They are tabulated below.

QS Ranking 2023

University

Overall Score

1

Massachusetts Institute of Technology (MIT)

97.3

2

Stanford University

96

3

University of Cambridge

93.4

4

ETH Zurich-Swiss Federal University of Technology

93.2

5

Nanyang Technological University, Singapore

93.2

6

University of Oxford

92.5

7

University of California, Berkeley

92.4

8

Imperial College London

92.1

9

National University of Singapore (NUS)

91.9

10

Tsinghua University

91.5

MBA Vs Engineering: Tuition fees

The fees for different MBA and Engineering courses vary greatly depending on the specialisation. It also varies depending on colleges, universities and institutions. Given below is the fee structure of different courses in MBA and Engineering.

MBA Courses

Average Tuition Fees (in INR)

Engineering Courses

Average Tuition Fees (in INR)

PGDM

INR 23.6 lakhs

BE Program

INR 4 lakhs

PGPM

INR 34.63 lakhs

Diploma Program

INR 1.5 lakhs

MBA

INR 19.76 lakhs

BTech 

INR 10.5 lakhs

MBA International Business

INR 16.25 lakhs

BTech + MTech in Intelligence Systems

INR 1.06 lakhs

PGDM International Business

INR 13.66 lakhs

MTech

INR 3.5 lakhs

PGDM Business Entrepreneurship

INR 12.56 lakhs

PhD

INR 3.16 lakhs

Scholarships for MBA vs Engineering

Scholarships are an excellent option for students with financial problems. It helps in paying off the course fees without causing any financial strain. Different scholarships have different eligibility criteria, and students must not miss out.

Given below are some scholarships for MBA and Engineering courses:

MBA Scholarships

Engineering Scholarships

PNB Housing Finance Protsahan Scholarship

Ratan Tata Scholarship for Engineering

Aditya Birla Group Scholarship

Arkwright Engineering Scholarship

BML Munjal Scholarship

Malaysia International Scholarship

Merit Cum Means Scholarship for Professional and Technical Courses CS

NUS Science & Technology Undergraduate Scholarship

IDFC FIRST Bank Scholarship

National Association for Surface Finishing (NASF) Scholarship

Career Opportunities after Pursuing MBA and Engineering

Students come across several high profile job opportunities after pursuing MBA and Engineering. They get to work with major companies and enjoy job security and high pay. Listed below are some of the career opportunities after pursuing an MBA and Engineering.

MBA

Average Salary (in INR)

Engineering

Average Salary (in INR)

Brand Manager

INR 12 lakhs

Study Management

INR 22.9 lakhs

Financial Manager

INR 13 lakhs

Defense

INR 12 lakhs

Market Research Analyst

INR 3.5 lakhs

Entrepreneurship

INR 28 lakhs

Supply chain Manager

INR 8 lakhs

Computer Science Engineer

INR 40 lakhs

Media Planner

INR 4.2 lakhs

Lecturer/Professor

INR 9.5 lakhs

MBA and Engineering are one of the most popular streams chosen by students all across the world. Graduates of these disciplines have a great scope in the job market, which adds to the popularity of these courses. If you have further doubts about it, you can contact AECC anytime.

If you feel that you need assistance on anything related to studying abroad, you can contact aecc. We have expert professionals and counsellors who are ready to help you, from researching the best universities and courses to getting your student visa. Do keep in touch with us!


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