What is the prospects for Engineer to get MBA? is it common, good, bad and whay?

Answer 1

An engineer that can handle finance questions with the same competence as engineering problems is on the way to the executive suite and probably a top management position. Most management people come from the marketing ranks where truth is fungible so be careful, management issue answers are not as black and white as engineering ones.

Answer 2

I have an engineering degree but don't have an MBA.
However, I have studied a lot about finance on my own...probably enough to write some MBA exams and pass.

However, besides its prestige value, when I meet Engineer MBA's, the seem to forget what they have learned. This is really unfortunate.

For example, Many cant remember the formula for DCF (discounted free cash flow model). Its the basis of any asset valuation.
Another was casually explaining a meeting he was in, and he didn't know what the Equity Method was. I was quite shocked, but I didn't say anything.
These are standard finance topics, nothing exotic.

So my concusion is:
If you want status, MBA is the way to go.

If you really want to learn something, read Warren Buffett's annual reports, a good finance text, and a the tons of company data on Morningstar to *really* understand what it means.
If you do, you will ace the MBA program.

I also believe you have to have your heart in business and finance to do well.

Hope that helps.

Answer 3

In my experience, engineers start thinking about getting an MBA when they are promoted into the management ranks. They are typically strong in operations, but need to catch up on finance and marketing.

Answer 4

Having tread this course (and watched many others walk it besides)...MBA ought to no longer do you a lot strong in case you stay on the same company (assuming you're already operating - maximum accurate MBA classes require artwork journey in the previous enrolling contained in this methodology). They already understand who you're and what you're able to. it may't harm, yet contained in the destiny it must be complicated to say in the adventure that your eventual career progression became owing to the MBA. i ought to say that's fairly authentic in case you get the degree from a second tier college. in case you opt for this course - i ought to strongly propose searching a senior mentor contained in the corporate previous to placing out college - someone who can take an interest on your progression and help you parlay the degree right into a sparkling earnings. in case you bypass to artwork for yet another company once you've your MBA from a accurate college you receives some traction out of your MBA and contained in the worst case it is your engineering degree which will be irrelevant. contained in the perfect case, it may get you the added part because the perfect 2 heritage degrees to toughen an MBA are engineering and accounting. As such - you'll locate that multiple MBA scholars (at accurate colleges) have engineering undergrad or graduate degrees. searching on what your aims are - your perfect guess is to bypass to college complete time at a accurate college, recruit heavily, construct and take care of a strong community even as in b-college and thereafter (cost of the degree is immediately proportional to the community it promises get acceptable of entry to to), and set up a mentor or 2 contained in the field/marketplace you've an interest in ASAP. in case you do not make plans on a accurate college the advice is analogous - in spite of the actual incontrovertible truth that it likely would not remember in case you bypass to college complete time or section time and the cost of your community is normally decrease. strong success.