Career Pathways In Business Administration – You were at the forefront of your engineering game: solving problems, creating products, and applying what you learned in graduate school.
But now he feels it’s time to move around the world, gain more weight and make more money – but what’s the next step?
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Some engineers pursue a master’s degree in engineering at this time to develop technical skills. But many engineers also turn to business schools to pursue MBA programs to enhance their management skills.
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What is the best way to advance your career? Not sure if an MBA is the right engineering degree program.
You can continue to work in peace with these certifications. However, when you feel the urge to chase after big things like promotions and senior positions, you need to keep learning.
At this point, you have two options. To pursue an advanced degree in an advanced engineering field or broaden your horizons through an MBA.
If you follow the MBA path, you will receive intensive training in business skills, project management, human resources, consulting and other soft skills.
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These skills combined with your technical intelligence have earned you top jobs in engineering, senior management and team management.
That’s because you’re giving your employer the best of both worlds – you’re a world-class engineer fluent in the language of business and enterprise.
Visualize it this way; Your career growth is like a tall building. Everyone starts at the bottom with basic technical skills. Gaining more skills and knowledge will unlock access tokens to higher floors.
Without an MBA, your opportunities may be limited to big engineering jobs. While an MBA opens up opportunities for senior management roles in business and engineering management.
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The average salary for engineers with an MBA is around $100,000 per year. Individual credits may vary depending on the specific MBA program.
According to statistics from Payscale, the average salary scale of an MBA engineer is $111,000/year. Here are some average salaries for different fields.
Statistics also show that people with an MBA engineering degree are reported to earn an average of $94,000 per year.
A report from the Bureau of Labor Statistics shows that engineers with a bachelor’s degree earn 13% less than those with an MBA. For example, mechanical engineers with a bachelor’s degree earn an average of $88,570 annually.
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Aside from the pay gap, here are some of the top reasons why an MBA is a worthwhile investment.
The business environment is very complex. From handling cost projections, maintaining a competitive advantage, and managing operations, it often demands a lot from managers.
To be successful in management, you need to know all the things involved in running a business.
MBA programs can give you a deeper understanding of how businesses work. Courses delve into topics such as:
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With these skills, you are better suited to provide full shareholder value, making you a valuable asset to any organization.
Additionally, an MBA will help improve your people skills through courses such as communication and human resource management. In this way, you can control how the administrative work of the management staff is performed.
As an engineer, you have a logical problem-solving mindset designed to come up with solutions to complex problems. This technical vision often puts ideas and concepts for new products and solutions in your mind.
With an MBA from a top business school, you can gain the knowledge and confidence you need to start your career. Additionally, learning about financial services can help you figure out how to prepare the right documents to attract investors to invest in you.
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Plus, when you launch, you get to know your financials, helping you turn your idea into a profitable business.
An MBA degree adds weight to your resume to attract quality employers. Large companies often look for candidates with a combination of technical and business skills to fill management positions.
An MBA degree instills confidence in your employees, allowing you to qualify for advancement when the opportunity arises.
In the early 1900s, teachers like Edgard Dale discovered that listening to information was not the best way to teach and learn.
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The essence of a good MBA program is that it follows an active learning path. This simply means that the manual method does not send you information carefully.
With an active learning method, your mind retains more information. In addition, it will be easier for you to relate real work experience to your studies.
By creating these links between work and study, you will be able to apply your knowledge to the workplace.
An MBA degree is all about active learning. The online MBA platform is designed to encourage students to log in every 8 seconds.
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Additionally, it allows you to provide feedback on your progress over time. This process will allow you to move on to the next level after you have mastered the previous one.
This way you will keep working and by the end of the course you will be able to make sure that you understand everything you need to know.
Pedagogy refers to the methods of teaching and learning. In its advanced form, pedagogy involves students. It focuses on students mastering techniques, not passing exams.
If you get your MBA through a good teaching-based program like an MBA, you’ll have a better chance of learning.
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It’s no secret that the way you learn affects the way you teach. When you use these teaching and learning strategies as a manager, you’ll be better able to provide guidance, help, and correction to your subordinates, and encourage teamwork.
You have to look at both sides of the coin to make the best decision. So let’s dive into the cons of an MBA.
The cost of getting an MBA is in the hundreds of thousands and can make a big difference in your pocket.
In contrast, an MBA program is relatively affordable. For $950 USD per month for the 14-month program, you’ll have access to a world-class online MBA. In addition, scholarships of all kinds are available to help cover tuition costs.
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An MBA degree is required. Massive amounts of documents, especially in an unfamiliar business mind, can overwhelm you for hours at a time. If you plan in class, exercising and making time for classes is a big deal.
When comparing a traditional MBA with an online MBA, the latter gives you more freedom to work on your schedule.
However, even with an online course, if the course is boring, full of lectures, and lacking in interaction, it will overwhelm you. As an MBA student with an engineering background, you need a course designed to help you succeed.
The MBA is designed in such a way that you can consume the ingredients in bite-sized portions. In addition, the interactive platform and learning component make it easy and fast to understand. You can get an MBA or EMBA in 14 months.
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As you work in your engineering field, you gain skills and experience. Through this experience, you can advance your order to a senior management position.
By the time you get to this point in your career, you’ve probably come a long way; I have nowhere to go.
It just means getting an MBA when you go too far. The MBA is best suited for engineers who still have a long way to go to reach the top.
If you’re more interested in the technical side than in business management, an MBA might not be of much use to you.
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For example, if you prefer to work in a traditional engineering company or like to stay on top of things, then focus on expanding your technical knowledge.
With the right planning and technical management skills, you can lead the team in the right direction.
The MBA includes leadership as part of business education to enable MBA students to take up engineering management positions.
If your goal is to lead an organization in a position where you need technical and commercial contacts, you can earn an MBA to advance your career.
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On the other hand, if you see yourself as a scientist responsible for leading an engineering project, a master’s degree in mechanical engineering would be a better fit for your goals.
You can start an executive-level engineering management career through an MBA with one of three options.
You can choose traditional options in class and online, but they will cost you an arm and a leg.
The MBA offers the same certifications as the MBA at a fraction of the cost. In addition, you will have access to a fully interactive interface that will facilitate learning.
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Plus, you’ll have credentials to qualify for major engineering jobs in no time. Apply now to start an online MBA program.
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