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Why MBA – All your Questions Answered

Source: Deniz Sasal

After completing graduation, there is a rush among students to look for options for higher studies. Most students from commerce, arts, and nowadays, engineering stream too, go for an MBA. MBA is like a gateway to a corporate career. Acquiring a postgraduate business degree is a decision, an aspirant to the corporate world would never regret. While some Indian students eye for the top IIMs, some also look for Ivy league colleges and universities abroad. Let’s look at some of the reasons why Masters in Business Administration is a compelling choice –

  1. Choice of Corporate World
  2. Removes barriers in growth
  3. Specialization Jobs
  4. Jack and Master of all trades
  5. MBA gets recruited to the top hierarchy
  6. Helps in Personality Development
  7. Learning of Building Confidence and Team-Building
  8. Entrepreneurship qualities
  9. Helps in Running Family Business
  10. Helps in Branding and Advertising

Why MBA after Engineering

The trend among the youth of the century is pursuing an MBA after engineering. Most of the toppers from examinations for management entrance like CAT and XAT have IITians and students from various engineering colleges. But the question is, does a degree in MBA have any relevance considering they already have an engineering degree? Is there any need to pursue an MBA? Let us take a look at the reasons as to why engineers generally opt from an MBA right after their engineering – 

  1. One loses interest in the engineering course halfway through it. 
  2. An engineer realizes midway that an MBA graduate gets paid better than engineering counterparts. 
  3. The curriculum of Engineering has a low quality, especially in private engineering colleges. 
  4. Cracking XAT and CAT requires analytical skills and aptitude, something students of engineering have to prepare anyway for placements. 
  5. Lack of quality engineering jobs in the country.
  6. A number of engineers, hence the statistics are dominated by engineers. 
  7. Masters of Business Administration introduces a previous Mechanical Engineer to the corporate world. 
  8. Technical and Managerial Skills are best for business.
  9. Flexible syllabus.
  10. Higher salaries.

Why MBA in Finance

A finance specialization proves to be a valuable asset for the ones who aim at building a career out of minting money. If you choose to go into the field of finance, you need to have strong skills in economics, financial theory, and mathematics. A finance degree covers all these subjects in detail. A degree in finance helps in balancing the management classes with mathematical rigour and is a good way to direct a career towards fine jobs in the corporate world. Let us look at the reasons as to why doing an MBA in Finance is a good option – 

  1. Options in foreign countries like the US and the UK.
  2. World Recognized Institutions provide degrees in Finance
  3. Helps you climb the top of the financial ladder
  4. Also helps in making and building your own portfolio
  5. Helps in getting jobs at a faster rate than counterparts
  6. Higher Salaries
  7. Lucrative job profiles like Asset Management and Portfolio Investor
  8. Skills taught include knowing numbers of the financial world
  9. Is mostly analytical and hence a good challenge for intelligent brains
  10. Generally geared for leadership positions.

Why MBA in Marketing

MBA in Marketing is a lucrative career option, and one of the most sought after degrees by the students, as well as the employers in the past decade. With the beginning of the online and digital marketing domain, many businesses now and in-housing their own marketing teams. These teams specialize in traffic building and making customers for the company. A degree in marketing, however, doesn’t limit the degree holder to pursue only a marketing career. Let us look at the reasons for doing an MBA in Marketing –

  1. MBA in Marketing helps in building a career in sales and marketing both.
  2. Lucrative job profiles include Growth Hacker and Content Manager.
  3. Skills taught include learning from case studies on how small brands build big companies
  4. Most analytical brains find their path with a career.
  5. Teaches build-building
  6. Job opportunities are only going to increase after an MBA in Marketing.
  7. Can open your own venture based on marketing.
  8. Options for Marketing include Wharton and London School of Business.
  9. It doesn’t require prior knowledge of commerce.
  10. One of the top-ranked courses and a futuristic job profile after course completion.

Why MBA in HR

A recent survey by Forrester highlighted how by the year 2020, digitalization will be responsible for more than 50 per cent of the sales in each company. This is the reason why most of the companies are transforming themselves into digital platforms from where business can be built. HR still, however, stands at the backbone of the organization. Technologies like mobile computing, artificial intelligence, and mobile computing are increasingly using automation. Thus, some well-known HR leaders are creating spaces for future employees. Let us look at some of the reasons why you would be more comfortable, pursuing an HR degree –

  1. You like to know and interact with people
  2. You can judge the capabilities of a person.
  3. You can inspire an individual to bring the best out of him/her.
  4. You like to work in an environment that is full of task-oriented leaders and team players.
  5. You wish to hold a responsible place in a company you are recruited to.
  6. You have a vision of building workspaces for futuristic leaders.
  7. You have a knack for new initiatives and tasks,
  8. If for you, the achievements of the team are more important than personal achievements.
  9. If you can pick up talent from college, better than how you have seen recruitments happening.
  10. If you feel building and working on human resources is the best investment there can be.

Also Read: MBA (Masters in Business Administration)

Why MBA in Operations

Operations management is a subject which is aimed at skilling individuals with skills like management of resources, planning, and creation of capabilities in order to run a business making products, or giving services. The various roles after getting operations management include engineers, researchers, professionals in marketing, and everything included in between all this. Let’s look at some of the reasons as to why an MBA in Operations is the deal you should grab –

  1. Not a hardcore target-oriented job.
  2. It depends upon your expertise in ‘performing’ a duty and not ‘convincing’ someone.
  3. Good for engineers fresh out of a manufacturing job
  4. Requires team-building skills.
  5. Candidates have an option to get specialized in automation oriented operations.
  6. Multidisciplinary options.
  7. Many renowned universities around the world providing options to do an MBA in Operations.
  8. The syllabus includes Accounting and Corporate Environment, hence has a hierarchical diversity.
  9. Job opportunities around the world are immense.
  10. I can look for jobs in Consulting Firms like Boston Consulting Group.

Why MBA in Operations Management

The students who pursue a Masters in Operation Management are skilled to work on challenges faced in designing supply chains, managing logistics, as well as supply chain management. It helps in educating the students about ways and paths towards making operating systems a lot easier and increasing efficiency of the same. Let us look at some of the reasons you should be doing an MBA in Operations Management –

  1. Job sectors include Construction, Hospitality, Financial Institutions, and Warehousing.
  2. Companies recruiting individuals from Operations Management include JP Morgan, Ernst and Young, Amazon, Adecco, Novartis, and KPMG.
  3. An opportunity to work in the top ladders of the company.
  4. Average salary after doing an MBA in Operations Management ranges from Rs. 7.8 LPA to 16.88 LPA.
  5. A lot of institutions in the country and abroad provide options for doing Operations Management.
  6. A specialization in Operations Management helps in finding a supervisory role.
  7. Mostly, the job profile is managerial.
  8. The syllabus includes subjects from the top and the bottom of the hierarchical ladder. 
  9. Job secured is not a hardcore sales job.
  10. Good for the engineers having previous job experience in the manufacturing sector. 

Why MBA for freshers

The most talked-about question when it comes to starting preparation for an exam is, why an MBA? Most of all, it’s the fresh graduates from college who ask you this question. It is also, at the same time, the most ignored question, because of a lack of clarity in an aspirant’s mind. To be very clear, if you don’t know why you wish to do an MBA, it’s futile to prepare for the entrance. However, since you have come across this blog, let me give you reasons as to why a fresher like you should go for an MBA –  

  1. More and better job opportunities
  2. Career growth and trajectory is good
  3. Business World gets a larger perspective
  4. Challenging role
  5. Better networking group with an alumni network from the new educational institution
  6. Better Pay Packages after an MBA
  7. Chances of getting a managerial role.
  8. Adds to multidimensional skills required in the present times.
  9. Internationally recognized degree
  10. Lucrative options in top firms that constantly look for an MBA holder.

Why MBA after B.Tech

The youth today is looking to do an MBA right after their B.Tech. As a matter of fact, there are so many toppers among the ones clearing tough entrance tests like CAT and XAT, who are engineers either from an IIT, or some private engineering college. The question that still remains, however, is if it is a good option to do an MBA. Many institutions in India like the top IIMs, XLRI, along with Ivy League B-Schools in the US draw a lot of applications from national and international students. Let us try and look at some reasons as to why you, as an engineering graduate, should go for an MBA – 

  1. A person is ought to lose interest in the engineering course midway through the course.
  2. Midway through engineering, one realizes that an MBA graduate gets paid more than an engineering graduate.
  3. The curriculum in Engineering is low key, while the ones in private engineering college is worse. 
  4. Cracking CAT requires aptitude and analytical skills, which engineers have a knack for.
  5. There are low-quality jobs after engineering.
  6. Due to there being a higher number of engineering graduates now, the number of aspirants for MBA is dominated by them.
  7. A good opportunity for a mechanical engineer, to enter the corporate world.
  8. Managerial and Technical both skills are best for business.
  9. Flexible syllabus.
  10. Higher Posts and salaries.

Also Read: Top MBA Colleges in the World

MBA essay

Writing an MBA essay requires you to highlight the reasons why you wish to pursue an MBA. It is used to highlight the reasons as to why these skills can be gained from that particular school in which they have applied. Adding to that, if you have previous work experience, you need to explain in detail why an MBA would add more value to his/her profession. An essay is a kind of statement that you make in order to put up genuine reasons why an MBA is what you seek in life. Let’s look at some of the pointers that you need to mention and keep in mind, before starting with an essay – 

  1. What are some skills that you lack and want to achieve through an MBA
  2. How is the particular MBA school going to help the candidate in reaching the goal?
  3. What knowledge does the candidate lack which can be fulfilled by the business school?
  4. What is the reason for choosing a particular domain?
  5. Stating professional aspirations.
  6. Choices that made the candidate secure the position he/she holds.
  7. If you are a fresher, why do you wish to do an MBA before getting an experience?
  8. Stating long term goals when it comes to professional life. 
  9. If entrepreneurship is a stated goal, then what is the need of doing an MBA.
  10. If a family business is an ultimate aim, what is the use of the MBA experience?

Why MBA in Finance after engineering

A specialization in finance is a valuable asset for aspirants who are seeking to build a career focussed on drawing large salaries. If you choose to go into the field of finance, you need to have strong skills in economics, financial theory, and mathematics. A finance degree covers all these subjects in detail. A degree in finance helps in balancing the management classes with mathematical rigour and is a good way to direct a career towards fine jobs in the corporate world. Let us look at the reasons as to why doing an MBA in Finance is a good option – 

  1. World Recognized Institutions provide degrees in Finance
  2. Options in foreign countries like the US and the UK.
  3. Helps you climb the top of the financial ladder
  4. Higher Salaries
  5. Generally geared for leadership positions.
  6. Also helps in making and building your own portfolio
  7. Helps in getting jobs at a faster rate than counterparts
  8. Lucrative job profiles like Asset Management and Portfolio Investor
  9. Is mostly analytical and hence a good challenge for intelligent brains
  10. Skills taught include knowing numbers of the financial world

Why MBA is important?

The current job scenario is a competitive one, and choosing a degree program is very important for a promising career ahead. The aim of all the students when they complete a job is to get employment. The companies recruiting individuals, however, look for various skills in them that might fit in a suitable role and hence an asset for the company. Out of all the requirements, the one thing that the candidates prefer is an MBA degree for the various positions they have to offer. Let’s look at the reasons as to why an MBA is important –

  1. High Salaries
  2. Career avenues are immense
  3. Opportunity for Networking
  4. Increased demand
  5. Critical Thinking abilities are developed
  6. International exposure gathered
  7. Better working environment
  8. Managerial Posts
  9. Lucrative job opportunities in big four
  10. Better packages than other job profiles

Why MBA after engineering interview answer

Engineering students find it easier to crack entrance exams for MBA, GMAT, or XAT. It is due to many reasons. For example, after completing their degree, some of the students have to choose between an MBA and M.Tech, and it is quite a big decision to be made. A number of students who can afford a foreign education, agree to do an MS abroad. While some of the students are talented enough to crack the Ivy Leagues for an MBA. The question that arises is, what should the perfect answer for a question asking – Why an MBA after engineering? Here are five interview answers you can provide – 

  1. A technical person who wants to move ahead in a hierarchy can also pursue an MBA. 
  2. Easy transition from technical to managerial roles.
  3. Engineers wishing to build a good product into a business can talk about the same.
  4. Technology-driven society needs engineers to work as Managers too.
  5. Engineers are needed to add an experience of technical skills into a managerial role.

Why MBA after engineering IIM interview

MBA from an IIM is like a dream come true. Every year, aspirants from all walk of education fill-up the much-respected CAT form in order to enter into one of the older IIMs. Because of a wide alumni network, MBA degree holders from IIMs get more and better job opportunities than the ones who are pursuing the same from private universities. We’ll look at some of the answers that engineers should give in an IIM interview. Here are the top 5 answers –

  1. Having a technical degree actually gives me an edge over other aspirants.
  2. Previous work experience in my job field made me realize that getting skills after an MBA would help me transition from a technical role to a managerial role.
  3. Engineers who wish to pursue entrepreneurship after an MBA should clearly state it.
  4. Technically skilled individuals understand both the higher hierarchy, as well as the lower hierarchy in an organization.
  5. Technologically driven societies need managers in the form of technical experts. 

Why MBA in HR interview question

Forrester survey recently highlighted how digitalization is going to take over the responsibility of over 50 per cent of the sales in the company. It is because of this reason, that most of the companies are transforming themselves into digital platforms from where business can be built. HR still, however, stands at the backbone of the organization. In present times, technologies like artificial intelligence, computer technology, and mobile computing are increasingly using automation to increase sales and product manufacturing. Thus, some well-known HR leaders are creating spaces for future employees. Let us look at some of the reasons why you would be more comfortable, pursuing an HR degree –

  1. Explain how you like interacting with people and know more about them.
  2. Explain you have a knack of knowing and understanding the X factor among individuals.
  3. Explain how you love inspiring new talents to bring out the best in him/her.
  4. Explain how you wish to work in an environment that is filled with task-oriented leaders.
  5. Explain how you are a team-builder and hence think HR would be the best option with such interests.

Why MBA in Finance after engineering interview answer

A specialization in finance has always been a valuable asset for people who are eyeing at a money minting career after doing an MBA. In case you choose to study in the field of finance, you need to know a lot about mathematics, economics, and financial theory. Thankfully, most of the MBA courses have a syllabus that teaches you such basics from scratch. Having said that, many students get confused about the answers they need to give when asked reasons for doing an MBA in Finance. But you need not worry. Here, we have listed some answers which you should be giving when asked the same question in an interview – 

  1. I have always had an interest in Finance, which is the reason why I even pursued ___ course during my internship at ___
  2. I have my personal finances to manage and hence have a knack for finance as a subject.
  3. It helps in getting a lucrative job opportunity.
  4. Profiles like Asset Manager and Portfolio Investor are offered after completion of the course.
  5. Finance as a subject is really important and has also been a subject of specialization during engineering (this option is for engineering graduates)

Why MBA in Marketing Interview Question

MBA in Marketing is an option if mark an option if the mark is a lucrative career option, and one of the most sought after degrees by the students, as well as the employers in the past decade. Current times are of online and digital marketing, and many businesses are now growing and building in-house marketing teams. The teams work on bringing in the much-needed traffic and hence convert it into sales. A degree in Marketing doesn’t limit the degree holder to restrict themselves to marketing careers. Let us look at the answers for a ‘why’ MBA in Marketing –  

  1. It is because the new aged concept of building links online and growing business excites me.
  2. I have already worked as interns in firms who were solely based on marketing and it was a wonderful experience that made me think of taking up an MBA in Marketing.
  3. Marketing as a field helps grow not only in a job but also in growing ones’ own business. 
  4. There are a number of job opportunities present in digital marketing and other spheres and so it has clarity over what kind of jobs I can delve into later on.
  5. Marketing requires both persuasion skills, as well as analytical skills, which are very useful in the overall personality development of an individual. 

Why MBA after Engineering Sample Answers

There are a lot of students who after doing their engineering, look to build up a career from an MBA. There may be a number of reasons for the same. Sometimes, students start to feel that being an engineering graduate would confine them to a manufacturing unit and wouldn’t allow them to experience the corporate world. Others want to start their own venture and hence wish to get the basics of business administration in place first. After all, this, what matters is what your heart and mind with you to take. When it comes to us, we have some well-crafted answers as to why an engineering graduate to move towards an MBA –

  1. State how the Engineering jobs wouldn’t let you grow enough as a corporate environment after an MBA would.
  2. If you are planning to start your own venture or join the family business after an MBA, you should specify that too.
  3. State how it is easier to transition from a technical job to a managerial post.
  4. State how having an experience in the tough situations of a manufacturing plant has given enough managerial experience because of manpower handling, and hence an MBA would be an added experience to future job prospects. 
  5. Technology-driven society needs Technical Managers.

Why MBA in USA

The US is one of the largest economies around the world and is also a place with the best MBA degrees to offer. The various MBA programs in the US has an opportunity to provide when it comes to its MBA programs. Students get an opportunity to study in one of the most exciting international environment and get to study along with the best international students from around the world. But why an MBA from the US? There are many reasons which can be stated to do an MBA in the US. We have crafted some of the reasons and they are listed below –

  1. There is only a cream layer which gets into the Ivy League
  2. Quality of professors is high
  3. Student Diversity
  4. The degrees provided by the universities have an excellent reputation worldwide.
  5. Universities invest in optimized classroom experiences
  6. The academic environment provided is flexible.
  7. Job opportunities in the US are immense.
  8. The exposure you gather is immense.
  9. Lower acceptance rate and you being one of the converts boosts your confidence.
  10. Helps in Personality Development.

Why MBA in UK

An MBA from a reputed university in the UK helps in enhancing the learning experience, as well as exposing the student to the international market. It also provides the students with a much needed global network. The universities in the UK have a diverse atmosphere with cooperative faculty members. This helps in making a student more confident when he does an MBA from a university in the UK. However, these are some general reasons. Let us look at some of the following bullet points to get a more clear picture as to why doing an MBA in the UK can get you somewhere – 

  1. The duration of an MBA from a university in the UK is generally 1 year.
  2. There are varied options for an MBA.
  3. The tuition fee is affordable.
  4. The infrastructure for research is well funded.
  5. High-quality education. 
  6. Global Recognition
  7. Alumni Network
  8. Career Guidance
  9. Excellent and cooperative faculty members
  10. Job opportunities include profiles like Insurance Banker, Business Advisor, Investment Analyst, etc.

Why not MBA

A number of people are becoming post-graduates, with the most number of them coming with an MBA degree. This, however fascinating it might look, is really intimidating. It is due to the act that there might be colleagues surrounding you ready to pounce upon your job with that higher degree recognition. But the fact is, there is much more to see than an educational background of a person who has already added value to the company. This makes us come up with a list, for why doing an MBA is not the option you should choose. Here are 10 –   

  1. MBA wages are becoming stagnant and there is a saturation point reached. 
  2. A lot more MBAs are being produced each year which is deteriorating the quality of skill and education imparted to them.
  3. The bills can get higher while the salaries wouldn’t grow.
  4. An MBA greatly depends on the school that you went to. 
  5. Debts due to college education loans may kill the motive of doing an MBA.
  6. An MBA may or may not be relevant to the job profile you are seeking.
  7. MBA’s values aren’t a lifetime or lifelong.
  8. There is no need for an MBA for a career pivot. 
  9. You may become overqualified for the job.
  10. It doesn’t require an MBA to build a professional network.

FAQs

1. Why should I pursue an MBA?

MBA is a world recognized degree which is the minimum criteria of many dream jobs you want to get placed in. So, pursuing an MBA is the option you should seek.

2.What is an MBA?

Countries like the US and its international business schools developed the concept of an education maintaining a higher education standard, and helping in adapting the course curriculum to the business environment of current times

3.How does an MBA differ from other Masters Programs?

Unlike the other programs in Masters like an MA or MSc, an MBA primarily focuses on building the practical quotient of learning and hence building quite a good business experience.

4.What are some of the entry requirements for an MBA abroad?

The most primary thing is to have a GMAT score, along with a Language Proficiency Test Score.

5.How do we decide which is an ideal MBA for us?

It would surely depend on any prior work experience or the answer to where you wish to see yourself in the professional career down the line.

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About the Author

Piyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world’s # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing verticals for top MNCs and Indian business houses.

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