Why Should You Do MBA After Engineering

Why Should You Do MBA After Engineering

This brings us to various reasons why people from IIT may choose to go for MBA in particular after graduation.. Note that the categories are not mutually exclusive but it is rather the combination of

"The Job wasn't good enough" or "The job wasn't something I wanted to do long term"

This category contains two type of people:
Those who primarily wanted a good job (read a big pay package) but were unable to find it (or they didn't think it was good enough)
Those who are not satisfied by the kind of work that was offered and felt that roles offered after an MBA provide more freedom/better job satisfaction/more meaningful work.
In effect they want a "more managerial job" rather than a tech. job.

I cannot go for my dream job from IIT but I can after an MBA

Contrary to the hoopla about banks and other non-tech firms coming to IITs, the truth is that they mainly recruit for tech/quant roles. Many kind of profiles (like Investment Banking, Trading, Sales and Marketing, General management) are only offered to MBA grads.

Then there are firms (for eg. consultancies, top-tier FMCGs, Microsoft PM profile) which are easier to get into after MBA compared to without one.

It will help me in future when I open my own venture

Depending on how you go about it, this may be a misguided view.
MBA will NOT teach you to open and manage your new venture at the scale you envision.

However, you will definitely learn things that will come in handy:
Cases about various firms around the world. The problems they faced, and the particular circumstances and decisions that helped them succeed.
B-plan and other competitions which help you learn about the gap between an idea and its execution.
Networking with your classmates and professionals who will teach you loads of stuff and help you in times of need.
To lend credibility and a safety net (though your startup experience would help you much more than that)

My parents/friends/seniors told me to

Though less frequent than in case of undergrad, a few people end up coming simply because someone told them to...

I am not ready to take a job but I don't want to do an MS or a PhD

In this case, MBA is simply a way to delay your interaction with the real world when you don't want to pursue higher education in technology/engineering.

There are a multitude of reasons as to why many Indian engineers choose to do an MBA after pursuing B.A/B.Tech.
Quantity without Quality: There are up to 5000 engineering colleges in India that offer courses in several disciplines. Only 2-5% of them offer quality education and have well equipped labs supported by a good teaching faculty. Many students are under the notion that having an engineering degree automatically guarantees them a good job. There are also a few people who do engineering just to increase their 'rate' in the dowry market. Many of them, post B.Tech, are either absorbed into companies unrelated to their discipline or left unemployed. This leads them to look for alternate career paths with one such path being MBA.
Bandwagon Effect: There are also several students who opt for engineering (/medicine) just because of their parents' insistence or because someone else is doing it. Same is the case with MBA. Many people are under the belief that the Engineering-MBA combo magically improves their worth in the job market. What they don't realize is that not all people with the Engineering-MBA combo eventually become Chetan Bhagats or Harsha Bhogles.
Change in interest halfway through: There are people who opt for engineering because they initially feel that they are genuinely interested. But in reality, most of them have flawed conceptions of the engineering experience. They come with loads of enthusiasm but realize halfway through that the course isn't proceeding the way they previously thought (or) that the course just isn't 'meant for them.'
Money: Finally, there's money -- the essential cog that drives the entire system. After doing engineering from a tier II or tier III college and getting a job with an average pay, the students start feeling that they are worth more. After a failed attempt to secure a seat in a premier institute four years back, they start with loads of determination to earn what they think they deserve.

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