Can engineers choose to go for MBA in Finance?

Engineering is a very vast, diversified and crucial discipline of study and has great scope for students who are pursuing engineering. But all the top notch business schools today are crowded by engineers and they averagely constitute at least 25 % of the total count. This is quite astonishing because the engineers who are already trained in their discipline are willing to be trained in something else. Just imagine of all the top engineers will shift their career to management then what will happen? The current trend clarifies a fact – There must be something better waiting for them once they earn a management degree along an engineering degree plus some valuable work experience.

An engineer may start his career as a technical person at the starting but he cannot expect to do the same work & labor all through the career. And here comes the challenge as most of the vacancies for top level management require a management degree. And this is the reason why MBA is required for engineers. Actually all these big engineering firms promote those professionals who are excellent engineers with a management degree, to their management profiles. That profile actually requires a proper manager with excellent engineering exposure. So here an engineer with a management degree suits to that profile. But when engineers wish to go for MBA they have a tough call. Either they are fresher or with work experience, they have to properly think and analyze that what specialization they should go for.

MBA finance in Delhi can also be a great option for an engineer. An engineer can choose any of the specialization when it comes to choose from – Marketing, Finance, IT, Human resources or operations. All these cores may help him in managing his organization or even in getting a renowned job. But it is believed that only commerce guys can do well in MBA Finance but on the contrary most of the financial companies prefer MBA candidates who have engineering back ground. The reason behind is that MBA in finance makes one proficient in financial management and engineering exposure gives a logical thinking to business.  

To rise up in career an engineer needs a management degree and that is evident but he should have the managerial skills as well. Getting an MBA degree will exactly do what is needed to help him to boost his career. Moreover if any of such an engineer wants to start his own venture as an entrepreneur, only his engineering degree and work experience will not help the cause. A management degree will give him a practical and analytical outlook towards every business management and will also prepare him to work under pressure and handle every situation. 

There are many institutes offering MBA coursesin India from where one can pursue MBA but one has to be very cautious while choosing the college because the quality of program and placements varies from college to college. There are some very renowned institutes for MBA finance in Delhi and one of them is Indian Institute of Financial Planning (IIFP).

What to expect in the MBA Program

 Most of the students who prepare for MBA entrance exams always wonder what they will study in their MBA program and how will be the environment out there. This article will give the students some idea about what they can expect from an MBA program in India. Well the environment, faculty and curriculum entirely depend on the college and specialization you choose. But there are some common take away from all the MBA institutes and here we are focusing on the same. There are a few specific things you can expect to get out of the MBA classroom experience.

General Business Education:

The first year of every MBA program gives you the basic business education and most of the MBA programs will most likely focus on Major Business Disciplines. These are the core subject in every MBA program and this covers subjects like

• Accounting
• Economics
• Finance
• Management
• Marketing
• Organizational Behavior

Also there are some specific specialization programs or one year diploma programs which may directly focus on specialization subjects for example: One year Management Diploma in Finance or Executive MBA program in Finance or Marketing. In order to get specialization specific course details of different programs, you need to do some research over internet.

The Chance to participate in public

Every business school encourages the part of personality development and public speaking. Every student is expected to participate on MBA classes. There many types of activities that happens in class room leaning like

• Debates
• Speeches
• Group Discussions
• Presentations
• Team work activities

Many business schools encourage team work activities and group studies to make them learn how to work in team.

Work Pressure of assignments & projects

To provide real time knowledge and work experience business schools also focus to give some extra burden to create work pressure on students. This enables to handle stress and thus makes them fit for stress management courses. Sometimes it may seem to students that they are asked to do some unreasonable tasks which are not justified. But that is all a part of your learning and the main aim of faculty is to produce best in class professionals. If you are enrolled in an accelerated program, expect the workload to be double than that of a traditional program.

Hands-On Experience

Most of the MBA programs provide you the opportunity to obtain real hands on experience through analysis of different case studies of big multinational and corporate companies. They also give some case studies which are hypothetical just to enhance your analytical point of view. Students are encouraged to apply their real life experiences and knowledge combined with management studies to handle the problems and provide best possible solution the given scenario.

Industry Exposure through internships

MBA program is considered incomplete without any industrial training or internship. There are two types of internships in most b schools – summer and winter internships, which are usually taken between the semester breaks. Most of the schools have placement cells which help the students to get internship in renowned companies.  But many students search their company for internship of their own to get the best exposure.